Fed lowers rates by 0.25 percentage point, but expects fewer cuts
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
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The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
U.S. Senator Josh Hawley's bill comes as Americans have been saddled with more than $1 trillion in credit card debt.
Interest rates haven't been this high in nearly two decades. Buyers are forced to accept they can afford less home than just a few years ago.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
On Wednesday, we'll see if interest rates will keep climbing, or stay the same.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
The cost of borrowing has increased.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
The Collin County Association of Realtors reports year-to-year median sales prices in Collin County are up nearly 20%, but homes are staying on the market longer.
Debt just became more costly for consumers – whether that's auto loans, credit cards, and in some cases home mortgages.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
Every week, Eye on Politics breaks down some of the biggest political stories grabbing headlines in North Texas and beyond.
Every animal at Saving Hope has a story.
Authorities are urging anyone with information to come forward.
The suspect drove through the doors of a JCPenny in Killeen, Texas, and continued inside for "several hundred yards," an official said.
Thousands of children and their families packed into the Kay Bailey Hutchison Convention Center in Dallas on Saturday.
Every week, Eye on Politics breaks down some of the biggest political stories grabbing headlines in North Texas and beyond.
Every animal at Saving Hope has a story.
Authorities are urging anyone with information to come forward.
The suspect drove through the doors of a JCPenny in Killeen, Texas, and continued inside for "several hundred yards," an official said.
Thousands of children and their families packed into the Kay Bailey Hutchison Convention Center in Dallas on Saturday.
When a former Cedar Hill police officer was accused of soliciting sex from a DWI suspect he was already under investigation for similar behavior with a victim of domestic violence, internal records reveal.
Amber Crum was just 2 years old when she disappeared from the Pleasant Grove area the day after Christmas in 1983.
A nationwide gift card scam linked to Chinese organized crime involving gangs prompted law enforcement and DHS to take action.
"The events are not a mismanagement of business, but an intentional act to deceive and deprive," an investigator said.
For weeks, the I-Team traced the cups dropped inside seven locations in Garland, Plano, Frisco, Irving, Hurst, Highland Park, and Fort Worth.
Mark Burnett helped produce hits like "Survivor" and "The Voice," but is perhaps best known for teaming up with President-elect Donald Trump for "The Apprentice," which first aired in 2004.
Frisco Mayor Jeff Cheney tells Jack Fink about economic development in the city. He also discusses the potential for a company to relocate its corporate headquarters to Frisco.
Collin County Elections Administrator Bruce Sherbet discusses election-related issues in Texas with Jack Fink. He also reflects on his time in the role ahead of his retirement.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
At Fort Worth ISD's North Side High School, the sounds of an American sport on the field meet mariachi music in the stands.
With new foods, such as the "Drowning Taquitos" and the "Beso de Angel," Tony's Taco Shop owners say they don't take their success for granted.
Latinas in Tech DFW started back up last year after the pandemic. They have lots of opportunities for Latinas to network, connect, and learn new skills.
Anchor Ken Molestina shows us how he makes his Cuban coffee for the CBS News Texas newsroom.
Del Olmo, who has played golf his entire life, recalls how rare the sport was for people like him growing up in Mexico City.
A North Texas couple vetted and hired a local company for their move to Oregon, not knowing someone else would be taking their things.
Big solar companies oftentimes outsource on-the-ground sales efforts to third-party companies.
As more seniors fall victim to financial scams, citizens and lawmakers search for stronger consumer protections.
Following an I-Team investigation, Sunnova Energy is facing legal action from nearly a dozen Texas families.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
Many participants are amputees but the program also supports those with neurodivergent conditions, brain injuries, military injuries and more.
"The mystery has finally been solved," Congo's health ministry says, after an unidentified disease outbreak started killing mainly women and children in a remote region.
The sisters share a special bond of getting a second chance at life, which they both received at the age of 38 years old.
The concept is simple: a menu with no prices. Guests pay what they can afford.
The new Fort Worth facility is expected to create hundreds of new jobs to help build long-range assault aircraft.
The Dallas City Council voted Wednesday to approve a contract which includes a $15 million upgrade to the convention center.
"The events are not a mismanagement of business, but an intentional act to deceive and deprive," an investigator said.
According to the report, 15,151 Texas workers are owed back wages.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
"America's Team: The Gambler and His Cowboys" is coming to Netflix in 2025.
Rick Welts was previously the president and COO of the Golden State Warriors.
Before they step on the field, the SMU Mustangs football team has to get through finals first.
The Dallas Open takes place Feb. 1-9, 2025.
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
This year, the team wanted to be sure more visitors could enjoy the trains.
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.
CBS News Texas captured the excitement and energy of the BMW Dallas Marathon Festival through photos.
Cowtown lit up the streets of Downtown with smiles and lights during the annual Parade of Lights.
Check out photos of cars, trucks and SUV's on display this year at the Texas Auto Show at the State Fair of Texas.
We take a look back at Dallas Police Chief Eddie Garcia's time in Dallas.
Stars, stripes and plenty of fun in the sun is how Fort Worth celebrates the Fourth of July.
