Fed Raises Interest Rates, Tries To Catch Up With Inflation
In an effort to get a handle on the worst inflation in America in the last 40 years, the Federal Reserve has raised interest rates by a half-percentage point.
Watch CBS News
In an effort to get a handle on the worst inflation in America in the last 40 years, the Federal Reserve has raised interest rates by a half-percentage point.
Renters are facing sticker shock across South Florida and the country. Miami has seen rents jump 58% in the past two years, according to Realtor.com.
Florida gas prices are on the rise again. The average price rose to $4.18 per gallon on Sunday.
Federal student loan debt could be canceled. President Joe Biden said he's "taking a hard look" at the issue will reach a decision within a month.
The Ford Motor Co. recall covers certain 2020 through 2022 Explorers with 2.3-liter engines, as well as 3-liter and 3.3-liter hybrids and the 3-liter ST.
Check that ground beef in your fridge or freezer. More than 120 thousand pounds of ground beef products are being recalled.
The Miami and Tampa areas continued in February to have among the nation's largest increases in home prices when compared to a year earlier.
Florida gas prices are gradually moving lower after rising 10 cents last week. Florida's state average rose from $4.01 to $4.11 per gallon. Drivers are now paying an average price of $4.10 per gallon.
Mortgage rates are now at the highest level they have been since 2010.
Prices at the gas pumps have dropped slightly over the last week. According to AAA, Florida gas prices dropped another 7 cents and the state average has now declined nearly 25 cents per gallon over the course of a little more than two weeks.
Electric cars took center stage as the New York International Auto Show got underway on Friday.
The April 18 deadline to file your taxes is looming. Experts say things are going more smoothly with the IRS than in recent pandemic years, but an estimated 80 million people are still waiting until the last minute.
Costs for food, housing, and gasoline helped drive inflation to its highest level in 40 years, according to the U.S. Bureau of Labor Statistics.
Florida gas prices are the lowest in more than a month. Monday's state average price for a gallon of gasoline was $4.07 per gallon and falling.
A Kmart store in West Kendall will be one of only three left in the entire U.S. after a New Jersey location closes its doors for good on April 16.
Plaintiffs argue the deal violates the Constitution's Domestic Emoluments Clause, an anti-corruption measure intended to prevent sitting presidents from profiting from government-related transactions.
While city officials say new affordable housing will help keep the community in place, some neighbors say they feel like they are being forced out.
The incident took place last June when officers fired at a vehicle, wounding suspect Eric Chase in the knee. Chase survived the shooting.
Tamarius Davis appeared in court on Wednesday, where he told the judge he intends to take responsibility for the shooting that killed 21-year-old Dustin Wakefield on Ocean Drive nearly five years ago.
President Trump and Chinese President Xi Jinping are meeting in Beijing, as the two countries aim to stabilize their trading relationship and grapple with uncertainty over Iran.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
President Trump and Chinese President Xi Jinping are meeting in Beijing, as the two countries aim to stabilize their trading relationship and grapple with uncertainty over Iran.
For decades, U.S. presidents have remained steadfast in their defense of the tiny Asian ally from its neighboring giant.
DHS Secretary Markwayne Mullin said the department has no plan to shut down Alligator Alcatraz, following reports that companies hired by Florida to operate the detention center were told it would close.
Commerce Secretary Howard Lutnick said he was unaware for years that Jeffrey Epstein was a registered sex offender, according to a transcript of testimony released Wednesday.
Secretary of Homeland Security Markwayne Mullin told CBS News that ICE arrests at the FIFA World Cup are not off the table, but the agency will not be at the global sporting event for the purpose of immigration arrests.
CBS News Miami has confirmed from multiple sources that the Miami Dade State Attorney's office is investigating A3.
State Senator Rosalind Osgood is urging Wasserman Schultz not to run in Florida's 22nd Congressional district.
Several commissioners have raised questions about how the center would be funded in future years.
In an interview on Facing South Florida, Wasserman Schultz said the Governor's efforts to redraw the maps will almost certainly violate the Fair Districts constitutional amendment voters in Florida passed in 2010.
The center – which was promised to voters back in 2004 – would take mentally ill individuals out of the jail and move them into a place where they can receive comprehensive treatment and support.
The head of the World Health Organization says "our work is not over" to contain hantavirus after evacuations from a cruise ship hit by a deadly outbreak of the illness.
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.
In 2002, Zermeño found out he contracted hantavirus after cleaning the family house following the death of his mother and sister. He had been exposed to rodent droppings and became infected.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
"The Devil Wears Prada 2" edges out "Mortal Kombat II" at the North American box office this weekend.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
The performance followed similar shows by Madonna in 2024 and Lady Gaga last year on one of the world's most iconic waterfronts.
Attending this year's Kentucky Derby meant more for thoroughbred expert Mark Toothaker, who suffered a seizure from laughing at a whiffed NFL field goal attempt that led to a lifesaving diagnosis.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
