Here's how you can save some money
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money on loans, credit cards and mortgages.
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One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money on loans, credit cards and mortgages.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Mike Pappas, CEO of the Keyes Company, said the reduction will eventually lower interest rates on consumer loans, which is good news for the housing market.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The central bank is expected to reduce its benchmark rate on Wednesday, which stands at its highest point in 23 years.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing 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.
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.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
A vintage banknote and an even older coin collectively sold for nearly $1 million at a multi-day bidding event in Dallas.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Although policymakers kept rates steady last month, some Fed officials wanted to keep raising them.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Nicole D'Antonio reports the head of the Federal Reserve testifies Tuesday before the Senate Banking Committee on the U.S. economic outlook, fighting inflation, and the state of employment including wages and available jobs.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
The drop in spending activity is expected to continue through this year
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.
In a statement, Moody attempted to distance herself from the affair, suggesting the blame rests with the Governor and his Administration.
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.