Federal Reserve to maintain interest rate after inflation eased slightly in May
The Federal Reserve announced it will keep interest rates the same — to help ease rising prices. That decision comes as a new government report on inflation is released.
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The Federal Reserve announced it will keep interest rates the same — to help ease rising prices. That decision comes as a new government report on inflation is released.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
The Federal Reserve concluded its latest policy meeting Wednesday, and made a decision on interest rates. CBS News Business Analyst Jill Schlesinger joins us from New York.
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.
A police chase that began in Golden Valley overnight Wednesday ended with both the suspect vehicle and an officer in a cruiser crashing into the Federal Reserve Bank building in downtown Minneapolis.
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.
Jeff Wagner talks with financial advisor Greg McBride about the Federal Reserve’s decision not to raise interest rates.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The Federal Reserve did what it had been signaling for weeks -- a pause in interest rate hikes. But it also warned to brace for more hikes this year.
A new Federal Reserve survey on economic confidence shows a record number of people say they’re not doing “at least OK financially.” University of Minnesota Professor Paul Vaaler reality check things when it comes to inflation -- and how we're doing.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
This weekend, more than 80 venues across Minneapolis will open up their doors to the public. It's all part of its Doors Open weekend event, where the public will be able to explore places they generally can't go. One of those spots is the Federal Reserve Bank of Minneapolis.
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.
Autopsy says central bank didn't appreciate "seriousness of critical deficiencies" in SVB's governance, contributing to the failure.
Stocks closed lower following latest update on inflation and warning of possible recession.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
CBS News Business Analyst Jill Schlesinger joins us to discuss the decision.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
The chairman of the Federal Reserve told lawmakers that the Central Bank will need to raise interest rates higher than previously expected in order to tame inflation.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
A combination of cold weather and fresh powder serves as a beacon for cross country skiers, eager to hit the trails.
Residents of a South Minneapolis apartment building say they've been without heat for weeks as a bitter blast of winter weather continues.
A 28-year-old man previously convicted of sexual assault in Minnesota has been federally charged with kidnapping a 15-year-old girl in 2017 and kidnapping a woman earlier this year, according to court documents filed Thursday.
According to the Burnsville Fire Department, crews arrived at the Willoway Apartments around 1:20 a.m. They found a fire on the third floor of the apartment building.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
A combination of cold weather and fresh powder serves as a beacon for cross country skiers, eager to hit the trails.
Residents of a South Minneapolis apartment building say they've been without heat for weeks as a bitter blast of winter weather continues.
A 28-year-old man previously convicted of sexual assault in Minnesota has been federally charged with kidnapping a 15-year-old girl in 2017 and kidnapping a woman earlier this year, according to court documents filed Thursday.
According to the Burnsville Fire Department, crews arrived at the Willoway Apartments around 1:20 a.m. They found a fire on the third floor of the apartment building.
Police said this is the city's 13th homicide of the year.
Out of the 1,500 men on his ship, Del Thielke was the only one selected to be aboard the USS Missouri when the peace treaty was signed.
The owner of the historic Lutsen Resort on Minnesota's North Shore has been charged with arson and insurance fraud more than a year after a fire destroyed the resort's lodge.
Minnesota will see a higher-than-expected surplus for this current budget, but is expected to see a deficit in the future due to spending outpacing revenues, according to state budget experts.
Police in Duluth, Minnesota, say a mountain lion has been spotted in the city recently.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
River Falls hosts St. John's this weekend in round three of the NCAA tournament.
Bodycam video captured a sheriff's deputy in Racine County, Wisconsin, saving the life of a little girl from a house fire that killed her mother and the family dog earlier this week.
A divided Wisconsin Supreme Court has agreed to take a case brought by the American Civil Liberties Union on behalf of an immigrant rights group.
A Democrat who served four years as Wisconsin's lieutenant governor and narrowly lost a 2022 U.S. Senate bid is running for governor in the battleground state.
Organizers at Mt. Telemark Village in Cable say there's no shortage of reasons to head north.
Firefighters are continuing a 44-year tradition that happens every year north of the Twin Cities.
It was a scary moment in the Twin Cities over the weekend, as a trailer hauling sled dogs turned over on Interstate 494 in Minnetonka.
On Sunday, members of Minnesota's Somali community spoke out against President Trump's social media post calling for an end to temporary protected status.
Two hundred Thanksgiving meals were distributed to this community by Second Harvest Heartland and the Thielen Foundation.
A Minnesota nonprofit is getting a major boost this week as dozens of college students spend their morning sorting donated shoes to support families in need.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
Minneapolis City Council leaders are set to roll out what they’re calling a “people-centred budget."
Minnesota's state budget could go from boom to bust. A new forecast shows a $2.5 billion surplus for the current budget but a $3 billion deficit in the next one. WCCO's Caroline Cummings explains the drop and how it could impact you.
Inspire Change Clinic opened its doors in Minneapolis with a simple mission: provide access to marginalized communities. On Thursday afternoon, the clinic should have been bustling with a waiting room filled with families. Instead, the clinic was empty.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
When we do winter weather stories, there's always that one line people use: cold, snow, ice — it's just what happens here. And this week, Ticket King president Michael Nowakowski said that same idea kind of applies to Minnesota Vikings ticket prices.
Thanksgiving is a big day for the farmers who raise the centerpiece of Americans' dinner tables on the last Thursday of November. But in Minnesota, the nation's top turkey producer, the work doesn't stop once the national holiday ends.
A family-owned Linden Hills bar and restaurant is closing its doors for Thanksgiving, but opening the kitchen for those who need it most.
On the eve of Thanksgiving, Sentyrz Liquor & Supermarket turned into holiday headquarters for last-minute shoppers.
A 28-year-old man previously convicted of sexual assault in Minnesota has been federally charged with kidnapping a 15-year-old girl in 2017 and kidnapping a woman earlier this year, according to court documents filed Thursday.
A man who law enforcement say was armed with a large knife when a deputy shot him in Monticello, Minnesota, now faces charges.
Police said this is the city's 13th homicide of the year.
The special edition locket was inspired by the James Bond film "Octopussy," which revolves around a plot to steal a rare Faberge egg.
A former Minneapolis elementary school teacher was sentenced to 10 years for possessing child sexual abuse material and soliciting a minor to engage in sexual conduct.
Inspire Change Clinic opened its doors in Minneapolis with a simple mission: provide access to marginalized communities. On Thursday afternoon, the clinic should have been bustling with a waiting room filled with families. Instead, the clinic was empty.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
Cases always rise in colder months, with the use of furnaces and people working on gas motors in closed garages.
A jury has awarded an Iowa woman a $19.8 million verdict against the Mayo Clinic and a colorectal surgeon in a lawsuit brought in Minnesota courts, according to her attorneys.
ByHeart said it can't rule out that all of its baby formula across all product lots could be contaminated, citing recent test results.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
The yellow childhood home of the Purple One is abandoned and in need of some TLC, despite the City of Minneapolis recently granting it landmark status.
Legendary rock 'n roll band Guns N' Roses is hitting the road again next year and will make a stop in Shakopee, Minnesota.
Jimmy Cliff, who famously sang about the "many rivers" we all must cross, has died after suffering a seizure and pneumonia, his family say.
River Falls hosts St. John's this weekend in round three of the NCAA tournament.
Julius Randle had 28 points and nine rebounds, carrying Minnesota on a quiet night from Anthony Edwards, and the Timberwolves beat the New Orleans Pelicans 125-116 on Thursday night.
J.J. McCarthy has returned to the lineup for the Minnesota Vikings, refreshed after an injury absence to resume his much-delayed development with a better perspective on how to handle this most difficult job.
A White Bear Lake Native, Bill Butters lived a hockey life through and through – playing for coach Herb Brooks at the University of Minnesota before embarking on a pro career throughout most of the 1970s with the Minnesota Fighting Saints and the Minnesota North Stars.
Cade Tyson had 17 points and eight rebounds to help Minnesota upset No. 22 Indiana 73-64 on Wednesday in the Big Ten debut for both head coaches, the Gophers' Niko Medved and the Hoosiers' Darian DeVries.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
Minnesotans who welcomed a child in this year can start applying to the state's new paid family and medical leave program to take time off in 2026. In Talking Points, Esme Murphy spoke with Matt Varilek, the commissioner of the state's Department of Employment and Economic Development about the program's rollout and who qualifies for the program.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
Minnesota lawmakers and small businesses are scrambling to get a piece of new federal legislation overturned that they say would eliminate Minnesota's hemp industry.
A new federal law threatens the hemp industry that Democratic U.S. Sen. Amy Klobuchar says provides 2,700 Minnesota jobs and has generated $16 million in taxes for the state through nine months in 2025.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
With the holidays fast approaching, and lutefisk on the menu for many families, one Minnesota town has the distinction of being called the "Lutefisk Capital of the Country."
How would you like to own a former Cold War missile site? In Dakota County, Minnesota, there's a one-of-a-kind property that could be yours for the right price.
It's a photograph found in homes across the country, and even overseas. The picture "Grace" shows a man bowing his head in prayer with food and what appears to be a Bible in front of him.
Fall harvest means barns across the Midwest are a busy place — but for a central Minnesota woman, they aren't just farm buildings, they're works of art.
It is the food that is top of mind right now, but did you know more turkeys come from Minnesota than anywhere else in the country?
Minnesota, Minneapolis, Minnehaha, Minnetonka, Minnewaska, Minneota. Those are just some of the place names in "the Land of 10,000 Lakes" featuring "minne" as the first five letters.
As we approach Thanksgiving, we wanted to do a deep dive into gratefulness, and why it makes us feel better.
Many commuters know the Interstate 394 and Interstate 94 interchange seems to back up almost every afternoon. And you face the choice: should you wait in the back of the line or try to get closer and swoop in?
According to the Minnesota Christmas Tree Association, 50% of their farms open before Thanksgiving, which used to be unheard of.
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.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A combination of cold weather and fresh powder serves as a beacon for cross country skiers, eager to hit the trails.
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.
Residents of a South Minneapolis apartment building say they've been without heat for weeks as a bitter blast of winter weather continues.
Temperatures will be in the teens on Saturday, with wind chills in the single digits, according to Next Weather meteorologist Lisa Meadows.
Snow has been falling across the Twin Cities on Friday, and more is on the way. It’s been tough on commuters, but skiers are smiling. John Lauritsen shows us why the early season cold and snow is welcome.
Temperatures will be in the teens on Saturday, with wind chills in the single digits, according to Next Weather meteorologist Lisa Meadows.
Snow has been falling across the Twin Cities on Friday, and more is on the way. It’s been tough on commuters, but skiers are smiling. John Lauritsen shows us why the early season cold and snow is welcome.
Residents of an apartment building in south Minneapolis say they've been without heat for weeks while temperatures bottom out. Caroline Cummings spoke to some who are concerned it won't get resolved soon enough.
An ice fisherman was uninjured after he was rescued from thin ice and open water on Lake of the Woods in northern Minnesota on Thursday.
Therapist Erin Pash, founder and CEO of Pash Company, shares about overspending and money habits.