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.
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
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.
A potent Arctic front on Sunday will crash temperatures and enhance rain chances for the eastern counties.
The suspect has been charged with exploitation of a child, injury to a child, and unlawful restraint
An event security expert says it will be a team effort to keep everyone safe.
The community gathered for a prayer service Thursday at New Mount Rose Missionary Baptist Church to remember the victims of the attack.
He served our country with grit and bravery in the U.S. Air Force.
A potent Arctic front on Sunday will crash temperatures and enhance rain chances for the eastern counties.
The community gathered for a prayer service Thursday at New Mount Rose Missionary Baptist Church to remember the victims of the attack.
The suspect has been charged with exploitation of a child, injury to a child, and unlawful restraint
He served our country with grit and bravery in the U.S. Air Force.
"Our goal is still to find Clara," Sherman police said in a social media post. "We pray today is the day."
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.
The Assistant Director of the FBI's Counterterrorism briefed the committee members and staff in a call on Thursday morning, according to a committee aide.
The explosion outside the Trump International Hotel Las Vegas on New Year's Day is being investigated as a possible act of terrorism, sources said.
President-elect Donald Trump was asked about it as he walked into a New Year's Eve party at his Mar-a-Lago club.
The longest-serving chief justice in the Supreme Court of Texas is retiring on New Year's Eve.
The state funeral for former President Jimmy Carter will be held in Washington on Jan. 9, 2025, and the late president will lie in state ahead of the service.
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.
The proposed rule is required under a law passed by Congress last year, and is intended to ensure the safety of makeup and baby powder.
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 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.
The Sugar Bowl, postponed after a tragic New Year's Day terror attack in New Orleans, will now kick off today at 3 p.m. CST.
"All parties and all agree that it's in the best interest of everybody and public safety that we postpone the game," Sugar Bowl CEO Jeff Hundley said Wednesday afternoon.
The running back played eight seasons with the Cowboys.
The FBI issued a notice to sports leagues earlier this month informing teams and players of recent burglaries targeting professional athletes.
The FBI believes their homes were targeted as part of the larger trend involving organized crime groups.
Wayne Osmond started his musical career as an original member of The Osmonds with his brothers.
Here are the books and characters newly joining the list of works in the public domain in 2025.
A variety of New Year's Eve performers are expected for tonight's Times Square ball drop to ring in 2025.
Angelina Jolie and Brad Pitt have reached a divorce settlement, her lawyer says, apparently ending one of the longest and most contentious divorces in Hollywood history.
The FBI believes their homes were targeted as part of the larger trend involving organized crime groups.
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.
