Fed unlikely to cut interest rates until 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
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A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
The Federal Reserve will announce if they will cut rates again in December's meeting — their last meeting of 2025. The decision will determine whether borrowers get more relief on interest rates.
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Employers added far fewer jobs last month than economists had predicted, prompting some experts to reassess the economy.
The Denver Zoo is celebrating its most recent addition, a bongo born last week.
The Van Gogh Immersive Experience in Denver highlights the late 1800s of Van Gogh's incredible collection, while also focusing on his struggling mental health.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
Frontier flight 4765 was scheduled to take off from Denver to Phoenix when the ammunition magazine was discovered aboard the plane on Sunday evening.
The Senate is returning to Washington to resume work on funding immigration agencies with a package that includes $1 billion for the renovation of the White House East Wing.
The Denver Zoo is celebrating its most recent addition, a bongo born last week.
The Van Gogh Immersive Experience in Denver highlights the late 1800s of Van Gogh's incredible collection, while also focusing on his struggling mental health.
Frontier flight 4765 was scheduled to take off from Denver to Phoenix when the ammunition magazine was discovered aboard the plane on Sunday evening.
A new video from the Denver International Airport shows a person walking onto a runway before being struck by a plane. The security breach is something a retired Denver police officer who worked at the airport says they raised concerns about for years.
Denver Public Schools has been teaching students about sustainability for years. But the way it's integrated into the curriculum is changing with the prevalence of artificial intelligence.
Watch Lauren Whitney's forecast
Frontier flight 4765 was scheduled to take off from Denver to Phoenix when the ammunition magazine was discovered aboard the plane on Sunday evening.
Sleep apnea impacts nearly 1 billion people worldwide but a majority are undiagnosed. Elizabeth Burcham, PA-C with AdventHealth Parker talks about who may be at risk.
Watch Alex Lehnert's forecast
An emergency declaration has been issued for the town of Victor where residents have been ordered not to drink or use the water.
The last time a horse won the Triple Crown was in 2018.
The Colorado Avalanche quickly drove away any doubt the team would be ready to start the second round Sunday.
On Sunday, the Colorado Avalanche are facing another one of the top teams in the NHL.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
Held every spring in Louisville, Kentucky, the event is also known for its over-the-top hats and vibrant suits and dresses.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
The Senate is returning to Washington to resume work on funding immigration agencies with a package that includes $1 billion for the renovation of the White House East Wing.
Allen is charged with attempting to assassinate President Trump, assaulting a federal officer with a deadly weapon and two gun counts.
The Moroccan military recovered the body of one of two U.S. soldiers who went missing on May 2, the U.S. Army said.
Democratic Sen. Mark Kelly of Arizona said the Trump administration's $1.5 trillion budget request for defense spending is "outrageous."
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
The Senate is returning to Washington to resume work on funding immigration agencies with a package that includes $1 billion for the renovation of the White House East Wing.
Allen is charged with attempting to assassinate President Trump, assaulting a federal officer with a deadly weapon and two gun counts.
Democratic Sen. Mark Kelly of Arizona said the Trump administration's $1.5 trillion budget request for defense spending is "outrageous."
A trade court's ruling this week against a 10% U.S. tariff is narrow in scope, offering limited relief to importers. Here's what to know.
Twenty-four out of Colorado's nearly 180 school districts have earned special recognition for asthma preparation and education. Cherry
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
May is Stroke Awareness Month, a reminder that everyone needs to recognize the warning signs. One Colorado resident made a miraculous recovery following a stroke thanks to his wife's quick action.
The MV Hondius is currently traveling to the Canary Islands, where the 147 people on board will be methodically off-boarded and flown home.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
A trade court's ruling this week against a 10% U.S. tariff is narrow in scope, offering limited relief to importers. Here's what to know.
ABC filed a petition with the FCC claiming that the agency's scrutiny of "The View" threatens to "chill critical protected speech."
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
A Denver County Court judge on Friday sentenced a vocal police critic to 60 days in jail and two years of probation, saying he needed to send a message that would deter her and her YouTube followers from future doxing of law enforcement.
City-funded contractors have been moving through Denver neighborhoods, replacing sections of sidewalks, frustrating some homeowners. The work was part of a broader program aimed at making city sidewalks more usable and accessible.
While touring the Marvin Foote Youth Services Center, Colorado state officials described the efforts behind massive changes being made to operations across juvenile detention facilities statewide.
Another Colorado family has come forward after they say they were charged thousands of dollars for having a lock changed.
State regulators are warning bad actors who are bringing hemp‑derived, often chemically-altered products into the state's legal marijuana system that there will be consequences.