The Fed rate decision meeting is today. Here's their rate decision.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
In the past year and a half, the Federal Reserve has increased interest rates to the highest level in 22 years in an attempt to ease inflation. The Fed is trying a new strategy. CBS News business analyst Jill Schlesinger reports.
Inflation is heating back up, with the Federal Reserve's inflation gauge rising the highest we've seen in months. Consumer prices continue to rise. Experts tell CBS News it's a sign high inflation still has a hold on the economy, despite the Fed's efforts to tame it. Chicago restaurant owners tell CBS 2's Tara Molina they are getting hit twice.
Interest rates mostly impact those buying cars and homes, but businesses borrow money too, and pass along the costs to consumers.
The Federal Reserve raised its key interest rate another three-quarters of a percentage point as it battles the hottest inflation in decades. The impact of the move on consumers is wide-ranging.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Economists expect a sharp increase in borrowing costs. That could impact credit cards, loans and other debt.
Antoinette Newsome reveals what she and her children went through when they were attacked by the suspect who was later found and shot himself on Friday.
Meanwhile, Target was just hit with a class-action lawsuit from Illinois shoppers, who say the retail giant used high-tech cameras to collect face scans of its customers.
Even though Pastor Martin has been a licensed contractor for 30 years, he said he couldn't have done this alone.
Williams had a much better week of practice after a rough start against the defense last week.
Santiago Espinal hit a two-run homer while pinch hitting in the seventh inning and the Cincinnati Reds held on to beat the sliding Chicago Cubs 5-4.
Meanwhile, Target was just hit with a class-action lawsuit from Illinois shoppers, who say the retail giant used high-tech cameras to collect face scans of its customers.
Marian Robinson, the mother of former first lady Michelle Obama, has died at the age of 86, her family announced Friday.
Democratic Gov. Tony Evers has appointed a replacement for a conservative-leaning Universities of Wisconsin regent who is refusing to step down, setting up another potential confirmation stalemate in the Republican-controlled state Senate.
President Biden said Israel's proposal consists of three phrases. Hamas has not yet responded.
President Biden said the "American principle that no one is above the law was reaffirmed" after Trump was convicted on 34 felony counts of falsifying business records.
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.
With more and more such companies popping up, and salespeople showing up on doorsteps, who is making sure they're legitimate?
It also happens that the contractor was on a list specifically provided by the state.
Alderpeople are looking to try to stop rogue towers from making thousands off drivers who thought they were signing their car away to someone they could trust.
Employees at dozens of now-closed Foxtrot Market and Dom's Kitchen stores, now jobless, wonder what comes next for them as their paychecks will soon end.
Chicago had a total of 64 confirmed measles in April and March, but has had no new measles cases in two full incubation periods for the disease – or 42 days.
"I asked myself if we can have a fitness tracker for the human body, why can't we have one for the human brain," said Dr. Alex Leow.
Planned Parenthood and other abortion providers are asking for a preliminary injunction expanding the medical exemptions and blocking the hospital-only requirement.
Lawmakers applauded federal efforts to crack down on one of the most common opioids, illegal fentanyl.
Chicago health officials said medetomidine has not previously been detected in Chicago.
Earlier this month, Chuck E. Cheese President and Chief Executive Officer David McKillips told CBS News the company needed to keep up with the times and the interests of today's kids.
A law that drew massive protests and made Wisconsin the center of a national fight over union rights has returned to court, facing a new challenge from teachers and public workers brought after the state's Supreme Court flipped to liberal control.
No one was hurt but the fire burned a charred area on the outside of the mall.
The owner, Andy Kalish, says he just doesn't have the energy to keep it going.
Lagunitas will move its Chicago brewing operation to their original brewery in California by early August, and permanently close its Chicago brewery and taproom.
Jennifer Lopez was set to embark on a 30+ city tour to promote her new album "This is Me…Now," which dropped in February.
In his fourth special, Pepitone gets to a new level of honesty in confronting his own battles but not without social commentary
It was not specified whether Young or someone else involved in the concert was ill, and or what the ill person was suffering from.
"The Miseducation of Lauryn Hill" topped Apple Music's list while Michael Jackson's "Thriller," Stevie Wonder's "Songs in the Key of Life" and Nirvana's "Nevermind" finished in the top 10.
Those auditioning were asked to sing 16 bars a cappella from a contemporary musical theatre song to show their range.
The Pace Bus Company revealed new vending machines at its bus terminal in the southwest suburbs to help fight the opioid crisis.
The students' diplomas are being withheld at graduation from the College on Saturday on the grounds that they "may have been involved" in the pro-Palestinian protest encampment on the Main Quad. CBS 2's Tara Molina reports.
The woman who was shot, along with two of her children, in her Matteson home earlier this month detailed the horrors they experienced. Police arrested Antoinette Newsome's ex-boyfriend, Lander D. Coleman, who her family believes entered her home and hid for hours before shooting her and two of her children.
CBS 2 Chief Meteorologist Albert Ramon has a look at the extended forecast.
Meanwhile, Target was just hit with a class-action lawsuit from Illinois shoppers, who say the retail giant used high-tech cameras to collect face scans of its customers. CBS 2 Investigator Megan Hickey reports.
Sources told CBS 2 that Lander D. Coleman was being treated at the University of Chicago hospital
Antoinette Newsome reveals what she and her children went through when they were attacked by the suspect who was later found and shot himself on Friday.
Meanwhile, Target was just hit with a class-action lawsuit from Illinois shoppers, who say the retail giant used high-tech cameras to collect face scans of its customers.
Even though Pastor Martin has been a licensed contractor for 30 years, he said he couldn't have done this alone.
Williams had a much better week of practice after a rough start against the defense last week.
Meanwhile, Target was just hit with a class-action lawsuit from Illinois shoppers, who say the retail giant used high-tech cameras to collect face scans of its customers.
The owner of the dog has already filed a lawsuit against the City of Chicago, the CPD and the officer in this case.
After learning of the woman's troubled history and other aspects of the case, lawmakers in Springfield spoke out passionately on the Illinois House floor.
Former Supt. Eddie Johnson was adamant that he is not being paid by the company to promote it. He said he just thinks it works.
Plenty of high school seniors are 18 years old, and some are even older.
Williams had a much better week of practice after a rough start against the defense last week.
Santiago Espinal hit a two-run homer while pinch hitting in the seventh inning and the Cincinnati Reds held on to beat the sliding Chicago Cubs 5-4.
Cardoso has been out with a shoulder injury since the Sky's first preseason game.
Bird played college basketball in Terre Haute at Indiana State University, leading the Sycamores to the 1979 NCAA Championship game, where they fell to the Magic Johnson-led Michigan State Spartans.
Mabrey gave the Sky a 21-point lead with 6:59 remaining in the third quarter.
A southwestern Indiana man charged with fatally shooting an elderly couple in their home in 2021 has pleaded guilty to all charges in their killings.
Alexis Davila, 35, was arrested Wednesday and charged with one count of aggravated battery to a child, according to Chicago police.
Sources told CBS 2 that Lander D. Coleman was being treated at the University of Chicago hospital.
Sandy Gardner spent more than two years looking for her son, Eddie, whose body was found on March 20 in Chicago.
The victim was wounded in the abdomen, police said.