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.
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
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.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
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.
Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save 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.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
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 lowered interest rates Wednesday by 0.50 percentage points and CBS News Miami hit South Florida streets to get reactions.
The Fed lowered interest rates Wednesday by 0.50 percentage points and CBS News Miami hit South Florida streets to get reactions.
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.
Many americans are counting down to Wednesday, that's when the Federal Reserve is expected, for the first time in years, to cut interest rates
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
"Love & Hip Hop: Atlanta" star Tommie Lee was one of six people arrested at the England vs. Norway World Cup match in Miami, according to the Miami-Dade Sheriff's Office.
Florida political leaders are remembering U.S. Sen. Lindsey Graham following the South Carolina Republican's death, with tributes pouring in Sunday.
Dotie Joseph said after talking with neighbors and looking at the field, she thinks she has plenty of experience to assume the governorship.
Perhaps the most controversial cut DeSantis made was the $15 million that would have gone to fund security efforts at Catholic schools in Miami-Dade County.
Fierce Ukraine supporter Lindsey Graham passed away Saturday on the heels of his tenth trip to the warzone, and at a key moment for one of the Republican senator's proudest accomplishments.
"Love & Hip Hop: Atlanta" star Tommie Lee was one of six people arrested at the England vs. Norway World Cup match in Miami, according to the Miami-Dade Sheriff's Office.
Florida political leaders are remembering U.S. Sen. Lindsey Graham following the South Carolina Republican's death, with tributes pouring in Sunday.
Dotie Joseph said after talking with neighbors and looking at the field, she thinks she has plenty of experience to assume the governorship.
Perhaps the most controversial cut DeSantis made was the $15 million that would have gone to fund security efforts at Catholic schools in Miami-Dade County.
Fierce Ukraine supporter Lindsey Graham passed away Saturday on the heels of his tenth trip to the warzone, and at a key moment for one of the Republican senator's proudest accomplishments.
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.
Fierce Ukraine supporter Lindsey Graham passed away Saturday on the heels of his tenth trip to the warzone, and at a key moment for one of the Republican senator's proudest accomplishments.
Sen. Lindsey Graham was running for reelection in November when he died suddenly on Saturday.
The senior U.S. senator for South Carolina died suddenly at 71 on Saturday.
President Trump paid tribute to the late senator, who was reportedly scheduled to do an interview on Sunday.
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Dotie Joseph said after talking with neighbors and looking at the field, she thinks she has plenty of experience to assume the governorship.
Perhaps the most controversial cut DeSantis made was the $15 million that would have gone to fund security efforts at Catholic schools in Miami-Dade County.
The likely Republican candidate for governor, Congressman Byron Donalds, said he would vote for it, but as he told CBS Miami's Jim DeFede, if it does fail, they will tackle the issue again next year.
Florida Attorney General James Uthmeier has avoided talking about both topics with opponents calling him "the most corrupt attorney general Florida has had."
On Thursday, Governor Ron DeSantis announced the closing of Alligator Alcatraz, the highly controversial immigration detention center that was the subject of numerous lawsuits as well as allegations of abuse.
A recall has been issued for frozen blueberries sold at Publix stores in Georgia, Florida and other Southern states after 12 people became sick, the FDA says.
A new Florida law requires drug prescribers to complete sickle cell training, aiming to improve care and address stigma faced by patients.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
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.
A total of 22,141 fans wore the caps in London's Hyde Park on Friday ahead of his set at the British Summer Time festival.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
The Empire State Building lit up in blue for Taylor Swift and Travis Kelce's wedding Friday night.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.