The Federal Reserve meets Wednesday. Could it raise interest rates?
The central bank is widely expected to stand pat on Wednesday, but persistent inflation concerns are reshaping expectations for the rest of 2026.
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The central bank is widely expected to stand pat on Wednesday, but persistent inflation concerns are reshaping expectations for the rest of 2026.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
Gas prices have jumped 28% from last year, reaching the highest level since July 2022, as the Iran war continues to restrict global oil supplies.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
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.
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.
Kevin Warsh, a former Fed governor, is in line to replace Fed Chair Jerome Powell in May. Here's what Wall Street wants to know.
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.
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.
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.
The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
Natalie Brand reports move against the independent agency is expected to trigger a lengthy legal battle that could go to the Supreme Court.
The U.S. DOT says 110 commercial license schools are shut down for English proficiency violations.
Reps. Alex Rizo and David Borrero both want the District 39 seat that Avila left to join the Donalds ticket.
DeSantis approved millions for the cameras tied to immigration enforcement, then pulled state road access.
Investigators are conducting interviews and processing the scene to determine each person's level of involvement, according to police.
MDSO confirmed that the crash, which occurred near the Northwest 41st Street exit, was a police officer-involved accident.
The U.S. DOT says 110 commercial license schools are shut down for English proficiency violations.
Reps. Alex Rizo and David Borrero both want the District 39 seat that Avila left to join the Donalds ticket.
DeSantis approved millions for the cameras tied to immigration enforcement, then pulled state road access.
A Florida grand jury found the DeSantis administration misappropriated $10 million in taxpayer money for political purposes.
Investigators are conducting interviews and processing the scene to determine each person's level of involvement, according to police.
A sign referencing Cuba was visible in surveillance footage of a gas pump fire at a Bird Road Chevron station.
Khalid Sheikh Mohammed is accused of developing and directing the plot to crash hijacked airliners into the World Trade Center and the Pentagon on Sept. 11, 2001.
Degnis Bofill, who won a 2022 Latin Grammy, is being held at the Krome Detention Center in Miami-Dade County while his asylum case is pending.
Tania Rosa Rodriguez, 57, applied for naturalization in 2017 and was granted citizenship in 2018.
A cargo plane packed with food and hygiene kits has left Miami for Cuba as part of the U.S. government's humanitarian assistance efforts for the people of the island nation.
The deal involves developing 17 strategic oil fields in Venezuela, an undertaking that experts said could take years.
President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
Carlos Tellez Sanchez had worked at a car dealership in Dallas during the day and drove for Uber Eats at night to support his family.
Courtney Walter said her husband, Jorge Luis Eliecer Ruiz, was stopped by immigration agents on Aug. 3 in Coconut Creek.
Latin music stars Marc Anthony, Feid, and others are set to perform at a benefit concert in Miami on August 16.
The report found taxpayer money was routed through nonprofits and into political accounts, while Attorney General James Uthmeier faces fresh criticism over his role in the transfer.
Moskowitz discusses primary win, Democratic divide.
Gilbert is running for the seat that Frederica Wilson is retiring from.
The winner of the Florida Democratic primary now has her eyes set on the Senate seat currently held by Republican Ashley Moody.
The race to see who will be the Democratic nominee to take on Republican Congresswoman Maria Elvira Salazar in District 27 is being closely watched.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
Despite a rash of foodborne illnesses in recent months, one expert said the nation's food supply is "remarkably safe." Here's what to know.
Federal officials issued a public health alert for meat products containing jalapeños that may be linked to a salmonella outbreak that has sickened hundreds of people across at least 27 states.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
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.
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
The international airport in Nashville, Tennessee, would be renamed for Dolly Parton under a proposal by Tennessee's governor.
Stella Parton said her sister Dolly told her "that if there was no hope for her, she would still allow her medical team to try experimental drugs in the hope of helping others in the future."
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
President Trump said that he would be "lowering the American flag" throughout the nation for one week in Dolly Parton's honor.