Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
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Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
President Trump’s pick is raising some eyebrows, so St. Thomas economics professor Tyler Schipper shares how economists are reacting.
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.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Lisa Cook sued the Trump administration to block her firing, the first time a president has sought to remove a member of the seven-person board of governors.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
President Trump says he has removed Federal Reserve Governor Lisa Cook from the Fed's Board of Governors and accused Cook of committing mortgage fraud.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
The Federal Reserve is expected to hold its benchmark rate steady at its May 7 meeting. CBS News financial analyst Jill Schlesinger talks more about how those rates affect borrowers versus savers.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
CBS News business analyst Jill Schlesinger previews the meeting.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
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.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
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 federal funds rate currently stands at a 5.25% to 5.50% range — the highest in more than 20 years — and there are expectations that the Fed will reduce the rate by 25 basis points.
A jury convicted David Wright, 51, of first-degree murder on Wednesday for killing his ex-girlfriend Mariah Samuels in Minneapolis minutes after she wrote on Facebook that he threatened her family and damaged her car.
Trevor Story homered and drove in five runs to lead the Boston Red Sox over the Minnesota Twins 9-5.
Republican Tyler Kistner has announced he is dropping out of the 2026 race for Minnesota's 2nd Congressional District seat.
Jesper Wallstedt let in a goal on a power play against the Minnesota Wild in the first period, looked up at the scoreboard to quickly analyze the replay, and realized something wasn't right.
A farm in Monticello, Minnesota, is recovering after a barn fire on Saturday killed dozens of animals, according to the facility.
Republican Tyler Kistner has announced he is dropping out of the 2026 race for Minnesota's 2nd Congressional District seat.
Lawmakers at the Minnesota State Capitol are searching for solutions, trying to lend a hand to Hennepin Healthcare before it's too late.
Minneapolis Mayor Jacob Frey is one of the world's most influential people, according to Time magazine.
One person was arrested early Wednesday morning in Brooklyn Park, Minnesota, after a car crashed into a congregate care facility.
Twenty-one-year-old Nathan Edberg was last seen in White Bear Lake, Minnesota, in 1999. Lead Investigator Miles Kensler has been on the case for 10 years.
A farm in Monticello, Minnesota, is recovering after a barn fire on Saturday killed dozens of animals, according to the facility.
Kale Misegades averaged a 36 point double-double this season as his Henning Hornets went undefeated until the state semifinal, where they got upset in overtime to the eventual state champs.
"I lost six of my battle buddies who were sitting pretty close to me and that's a struggle within itself. The invisible wounds are hard to heal," Sgt. Cory Hicks said.
Mitchell Bechtold, who is pastor for four churches in the area, has now filmed more than 40 churches across central Minnesota, with many still ahead.
The National Weather Service confirms three tornadoes hit southern Minnesota Monday night in Amboy, Matawan and Elmore.
Gamblers in Wisconsin will still have to wait months or maybe even longer before they can start to legally place bets.
Leaders on the board that oversees the Universities of Wisconsin say that the fired president of the system was slow to address pressing issues like artificial intelligence and feared upsetting policymakers, faculty and staff.
It's one of the largest musky hatcheries in the entire world. John Lauritsen shows us how the Spooner hatchery keeps fish healthy and anglers happy.
Officials at the Universities of Wisconsin have fired the system's president after he refused their offer to quietly resign and said they never gave a clear reason why he should.
Democratic-backed candidate Chris Taylor has won election to the Wisconsin Supreme Court, growing its liberal majority.
Mackenzie Reed, head custodian at Shakopee East Middle School, has painted large-scale murals throughout the building she once attended as a student, creating a more welcoming space for current students.
Kristi comes to the Salvation Army not only to get food, but to shine her light. She talks with and encourages people waiting in line.
The way Mary Hernandez describes it, the effort to keep families off the street in Shakopee, Minnesota, is like trying to keep your head above water.
Deputy Fire Marshal Shawn Johnson, 61, died March 5 after a two-year battle with job-related cancer, the Minnetonka Fire Department announced.
The Minnesota Department of Corrections says 95% of all incarcerated individuals will eventually be released from prison. The DOC says it does all it can to help people transition back into the community as productive citizens.
Republican Tyler Kistner has announced he is dropping out of the 2026 race for Minnesota's 2nd Congressional District seat.
Lawmakers at the Minnesota State Capitol are searching for solutions, trying to lend a hand to Hennepin Healthcare before it's too late.
House Democrats introduced articles of impeachment against Defense Secretary Pete Hegseth, claiming he has "demonstrated a willful disregard for the Constitution."
Minneapolis Mayor Jacob Frey is one of the world's most influential people, according to Time magazine.
Lawmakers took up the issue Tuesday, considering the challenges city and county leaders face trying to balance economic opportunity with environmental impacts.
The bills aim to close what supporters call a gambling law loophole, allowing for these prediction markets to flourish with no regulations.
It's a bittersweet changing of kegs and hands in northeast Minneapolis as HeadFlyer Brewing issued a permanent last call on Sunday.
Minnesota continues to beat the national gas price average, but there are still ways to save in the metro area.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Your car isn't the only vehicle that needs gas. It's a huge budget item for Minnesota fire departments, police and mass transit.
A jury convicted David Wright, 51, of first-degree murder on Wednesday for killing his ex-girlfriend Mariah Samuels in Minneapolis minutes after she wrote on Facebook that he threatened her family and damaged her car.
Charges say police arrested the suspect, who told investigators he punched the victim after he would not let him into the elevator.
Joel Casas-Santiago was arrested and charged last July after authorities seized nearly 900 pounds of meth from two vehicles in St. Paul.
A woman who had a revoked license was charged Monday in connection to a fatal head-on crash on an Eden Prairie, Minnesota, highway over the weekend.
Amarie Alowonle, 19, was shot and killed during a gathering at a Robbinsdale park last May. Her family is pushing for answers since that time.
Lawmakers at the Minnesota State Capitol are searching for solutions, trying to lend a hand to Hennepin Healthcare before it's too late.
The popular afternoon pick-me-up in a cup is like a super food, supplement and medicine cure-all.
At 5 years old, William Staley Olesen is a ball of energy. Watching him run around, laugh and play, it would be hard to know just how much he has already been through.
With a billion in Medicaid cuts, Hennepin Healthcare, a hospital that serves people with or without insurance, will likely close if state lawmakers don't act.
One of the biggest obstacles to exercising can be finding enough time to work out. WCCO explores whether upping the intensity can give someone the same benefits in a shorter amount of time.
At Mixed Blood Theatre in Minneapolis, a new production is using the stage to explore the impact of immigration and displacement.
Brad Paisley, along with special guest Avery Anna, will take to the stage on Sept. 3.
Minnesota's own Bob Dylan will return to the Twin Cities to play a show at the new Mystic Lake Amphitheater this summer.
Lady Gaga is still slated to perform in St. Paul later this week, despite canceling her Monday night show in Montreal.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Trevor Story homered and drove in five runs to lead the Boston Red Sox over the Minnesota Twins 9-5.
Jesper Wallstedt let in a goal on a power play against the Minnesota Wild in the first period, looked up at the scoreboard to quickly analyze the replay, and realized something wasn't right.
Red Sox outfielder Jarren Duran, who has spoken about his past struggles with mental health, said a fan made a personal comment that crossed the line.
Hunter Haight got his first career goal and rookie Jesper Wallstedt auditioned for action in the playoffs with 35 saves as the Minnesota Wild finished their regular season by beating the Anaheim Ducks 3-2.
Byron Buxton homered twice and Mick Abel pitched seven sharp innings as the Minnesota Twins beat the Boston Red Sox 6-0.
Both the DFL and GOP nominating conventions are the last weekend in May 7, and voting for the Aug. 11 primary begins in June.
Minnesota's hospitals are facing a growing financial crisis amid higher costs, fewer insured patients, shuttering clinics and federal Medicaid cuts.
Minnesota's hospitals are facing a growing financial crisis amid higher costs, fewer insured patients, shuttering clinics and federal Medicaid cuts.
The Trump administration's positions on a number of issues is prompting debate on constitutional powers versus executive orders.
The Trump administration's positions on a number of issues is prompting debate on constitutional powers versus executive orders. WCCO spoke with David Schultz, a congressional law professor at Hamline University in St. Paul, Minnesota, to get some clarity.
It's one of the largest musky hatcheries in the entire world. John Lauritsen shows us how the Spooner hatchery keeps fish healthy and anglers happy.
Shattuck-St. Mary's is more than a hockey school, but hockey has helped put the school on the map. They have banners and big names to prove it, though the real evidence lies with a man called Rooster.
Opening Day for the Minnesota Twins is almost here. And across town, the St. Paul Saints are getting ready for their season, too, with some added history.
The Nuss Collection is home to a lot of vintage trucks.
Denis Doyle was born in Kilkenny, Ireland. He emigrated to the U.S. and in 1856, Doyle traveled to Le Sueur County. Other Irish immigrants joined Doyle and the town was born.
The popular afternoon pick-me-up in a cup is like a super food, supplement and medicine cure-all.
One of the biggest obstacles to exercising can be finding enough time to work out. WCCO explores whether upping the intensity can give someone the same benefits in a shorter amount of time.
Filing your taxes can be stressful. But daydreaming about how to spend that refund makes it worthwhile.
It's estimated that children playing with fire set more than 20,000 fires every year. On average, the fires they start cause nearly 1,000 injuries and 150 deaths each year.
As we all pay more to fuel our cars, drivers might miss the savings hidden right at the pump. It comes down to timing, then adjusting your routine.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
It'll be a warm, summer-like day on Thursday before another chance for severe storms on Friday.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
The next couple of days will be warm and mostly quiet in the Twin Cities, but another active system is approaching.
Wednesday will be mostly quiet in the Twin Cities, with highs in the 60s and some sunshine.
Wednesday will be mostly quiet in the Twin Cities, with highs in the 60s and some sunshine.
It'll be a warm, summer-like day on Thursday before another chance for severe storms on Friday.
One person was arrested early Wednesday morning after a car crashed into a group home in Brooklyn Park.
Hennepin The county-owned health provider says it's losing more than $100 million to patients who can't pay.
Do you procrastinate when it comes to filing your taxes or do you get them done early?
LOVB Minnesota, the women’s pro volleyball team, is launching next winter, but you can get a taste of what the action is like at a volleyball watch party for the league championship.