How the Fed's interest rate hike will impact your wallet
Federal Reserve's push to stem inflation could also make your credit card debt more expensive and impact home buyers.
Federal Reserve's push to stem inflation could also make your credit card debt more expensive and impact home buyers.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
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.
Interest rates are going up again as the economy gets hotter.
President Trump nominated Federal Reserve Governor Jerome Powell on Thursday to lead the world's most influential central bank.
Federal Reserve Chair Janet Yellen spoke before Congress about the inflation rates since 2008.
A day after addressing a senate committee, Federal Reserve Chairwoman Janet Yellen was back on Capitol Hill Wednesday.
Federal Reserve Chairwoman Janet Yellen said Tuesday the central bank will "evaluate whether employment and inflation are continuing to evolve in line with [the Fed's] expectations, in which case a further adjustment of the federal funds rate would likely be appropriate."
As was expected, the Feds raised interest rates and now banks will likely pass their higher costs to consumers and companies leading to high borrowing rates throughout the economy.
Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of Texas and Alan Greenspan was asked if he purposely sought to confuse Congress with his answers.
Auto sales in the United States are expected to hit an all-time high as Americans are buying more new cars than ever before.
A man from Jamaica is behind bars for running a lottery scam which targeted elderly people.
The Federal Reserve says it will spend $40 billion a month to purchase mortgage-backed securities because the economy is too weak to reduce high unemployment.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
The latest numbers from the U.S. Labor Department offer a mixed bag of news to President Barack Obama.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
For the second consecutive year and the third time in franchise history, the Florida Panthers will play the Boston Bruins in the playoffs.
Madonna put on a free concert in Rio de Janeiro, turning a stretch of Copacabana beach into an enormous dance floor.
The Eta Aquariids meteor shower will peak overnight on Sunday into Monday, according to NASA.
Miami-Dade Police's Traffic Homicide Unit is currently investigating the incident.
For the second consecutive year and the third time in franchise history, the Florida Panthers will play the Boston Bruins in the playoffs.
The Eta Aquariids meteor shower will peak overnight on Sunday into Monday, according to NASA.
Entering its third year, Miami has been chosen as one of the only six venues to host an F1 Sprint in 2024, meaning there will be an extra race held that Saturday and guaranteeing high-octane action throughout the weekend.
Miami-Dade Police's Traffic Homicide Unit is currently investigating the incident.
The circumstances leading up to the crash are under investigation.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
The number of people traveling to Florida during the second quarter of 2023 decreased compared to a year earlier, according to estimates released Wednesday by the state's tourism-marketing agency.
Gov. Ron DeSantis on Monday said Walt Disney Parks and Resorts should drop a federal lawsuit that claims retaliation by the state and accept changes to a special district that long benefited the theme-park giant.
It's Back-To-School and that also means back to the lunch room, as breakfast and lunch are free to all Miami-Dade public school students again this year.
South Dakota Gov. Kristi Noem has been under fire for details about killing her dog and a false claim about meeting with North Korea's leader in her new book.
The queen, who is of Palestinian descent, has criticized the reaction to the war by the U.S., saying it's caused a "loss of credibility."
Since Florida enacted a six-week abortion ban, clinics in several other Southern and mid-Atlantic states have sprung into action.
The former president will be the main attraction at a fundraiser luncheon hosted at his Mar-a-Lago club, where he will court his deep-pocketed supporters as he attempts to catch up to the Biden campaign's ever-growing war chest.
Roughly 100,000 immigrants who were brought to the U.S. as children are expected to enroll in the Affordable Care Act's health insurance next year under a new administration rule, the White House says.
Lauren Pastrana and her guest discuss the options currently being discussed, possible solutions and how all this might impact students, their teachers and their parents.
Lauren Pastrana does a deep dive with perspective from leaders of local Jewish and Muslim groups for their take and perspective on the protests, the fallout and the fear and threats they are creating.
Jim DeFede catches up with State Senator Lauren Book to talk about the looming six-week abortion ban while she is making her annual walk across Florida to bring attention to child sexual exploitation.
CBS News Miami's Jim DeFede devotes the bulk of this week's program to Florida's six-week abortion ban, which takes effect in a few days.
Jim DeFede talks to former state senator Jeff Brandes, who runs the Florida Policy Project, which has been exploring solutions that include the role of vouchers and something called "upzoning."
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
Plaintiffs have three months to vote on whether to approve a proposed legal settlement that would resolve nearly all talc lawsuits.
Recall involves shelled walnuts distributed in 19 states and sold in bulk bins at natural food and co-op stores.
Cat deaths and neurological disease are "widely reported" around farms where the H5N1 bird flu virus was detected, health officials say.
Experts tip their hats and share their picks for the 2024 Kentucky Derby, plus how to watch or stream the race.
Find out how and when to watch the 150th running of the Kentucky Derby today, even if you don't have cable.
Get a cinema-like movie experience at home or outdoors. Use a projector -- instead of a TV -- from Samsung, Hisense or one of our other favorites for 2024.
Here's how and when to watch Game 5 of the Miami Heat vs. Boston Celtics NBA Playoffs series tonight.
Learn how to properly clean and maintain your hearing aids.
Has mom and dad's bank been open too long at your house?
One consumer reported suffering a dental injury after eating Trader Joe's Chicken, Lentil & Caramelized Onion Pilaf product.
The company will keep its name and headquarters in Pittsburgh, but the United Steelworkers union voiced opposition to the deal.
For customers of SmileDirectClub, they were greeted with a message that they had shut down when logging on to its website.
CBP officials say the individually wrapped pink packages have an estimated resale value of more than $19,000.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
Madonna put on a free concert in Rio de Janeiro, turning a stretch of Copacabana beach into an enormous dance floor.
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
Oscar-winning actor Kevin Spacey fired back at fresh allegations of sexual harassment and assault from men who will feature as part of a documentary on British television.
The 2024 Met Gala theme is "The Garden of Time" — to go along with the spring exhibition, titled "Sleeping Beauties: Reawakening Fashion."