Fed lowers rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
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The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
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.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
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.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Detectives are seeking information about a North Texas man who was recently arrested and charged with sexual assault of a child.
A weather alert is issued for Saturday, Sunday and Monday for the widespread showers and the risk of severe storms.
Día de los Muertos, or Day of the Dead, is a two-day holiday in Mexican culture where families honor their loved ones who have passed.
Florida captain Aleksander Barkov had a goal and three assists in the return to his hometown, Sam Reinhart scored twice and the Panthers beat the Dallas Stars 6-4.
Forty-seven states and the District of Columbia allow voters to track the status of their ballot. Find out how to check yours.
Detectives are seeking information about a North Texas man who was recently arrested and charged with sexual assault of a child.
A weather alert is issued for Saturday, Sunday and Monday for the widespread showers and the risk of severe storms.
Día de los Muertos, or Day of the Dead, is a two-day holiday in Mexican culture where families honor their loved ones who have passed.
From the Chihuahuan Desert to the Pineywoods, what are voters across the Lone Star State thinking about as they cast their ballots?
Florida captain Aleksander Barkov had a goal and three assists in the return to his hometown, Sam Reinhart scored twice and the Panthers beat the Dallas Stars 6-4.
A Collin County man is facing an extremely rare traffic citation after an encounter that was caught on video.
The CBS Data Team learned there are about 5600 mail thefts reported every year in the North Texas region- that's more than 15 reported thefts a day.
For the past six months, the CBS News Texas I-Team has spoken with more than a dozen Medicare recipients who reported fraudulent activity on their accounts.
The officer was pursuing a stolen car in South Fort Worth when he collided with 57-year-old Andre Craig, who was killed in the crash.
Mothers Against Police Brutality accuses DPD of a "half century of unaccountable police brutality."
Forty-seven states and the District of Columbia allow voters to track the status of their ballot. Find out how to check yours.
From the Chihuahuan Desert to the Pineywoods, what are voters across the Lone Star State thinking about as they cast their ballots?
Former President Donald Trump went after former GOP Rep. Liz Cheney of Wyoming during a campaign event with conservative personality Tucker Carlson.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
A CBS News Texas crew traveled from Amarillo to Houston to try to find the Texas State of Mind.
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.
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.
Richardson residents continue to recover from storms that hit North Texas with winds that created debris and damages to homes.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
There has been one death in a severe E. coli outbreak that affected dozens of people. That victim lived in Grand Junction, and his family there says they have not filed a lawsuit against McDonald's or anyone involved.
Recalled products were sent to distributors in 35 states and sold on Amazon, Dynarex said in notice posted by FDA.
McDonald's says Quarter Pounders will be back on the menu at hundreds of its restaurants after testing ruled out beef patties as the source of an E. coli outbreak.
Colorado has seemingly eliminated one ingredient in the McDonald's Quarter Pounder hamburger E. coli outbreak as a cause for death and dozens of illnesses.
A notice to Costco customers urges them not to consume some packages of salmon over concerns it could be contaminated with listeria.
Seventeen thousand workers depend on those containers to arrive by train or truck transport inside southern Dallas County’s International Inland Port.
Following an I-Team investigation, Sunnova Energy is facing legal action from nearly a dozen Texas families.
Elliott Hill is a TCU graduate and currently serves on the school's board of trustees.
Chevron Corporation announced Friday it would relocate its headquarters from San Ramon to Houston, Texas before the end of the year.
The U.S. Olympic and Paralympic Committee filed a federal lawsuit this week alleging Prime, Logan Paul's energy drink company, of infringing on the committee's trademarks.
Florida captain Aleksander Barkov had a goal and three assists in the return to his hometown, Sam Reinhart scored twice and the Panthers beat the Dallas Stars 6-4.
It's the eighth World Series title in franchise history for the Boys in Blue, and their second in five years.
"Discipline, focus, self-esteem - all the things that my sport taught me," Cowboys Hall of Famer DeMarcus Ware said.
The Oak Cliff Faith Family Academy Lady Eagles were expected to compete for a state championship in a few months.
Taylor Fritz and Frances Tiafoe will compete in the Frisco-based tournament this February, organizers announced.
Scaring people for a living is a tough racket. "A bunch of teenagers that say 'Boo!' — that won't fly anymore," one haunted house veteran says.
Joe Exotic, made famous in the Netflix series "Tiger King" and currently serving time in federal prison, says he is engaged to a fellow inmate in Texas and hopes to get married.
As the 2024 election approaches, Aly & AJ reflect on surviving a mass shooting and why they're pushing for an assault weapons ban.
Teri Garr rose from being a background dancer in Elvis Presley movies to co-star in such favorites as "Young Frankenstein" and "Tootsie."
The lead singer-songwriter for the superstar band Fleetwood Mac who became a superstar solo artist talks about her latest song, "The Lighthouse," that was inspired by her own experience with abortion, and a strong desire to "do something."
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.
Severe storms made way across North Texas on May 28, leaving behind a path of destruction.
Damage from across North Texas that was left behind by two tornadoes on May 25.
