The Fed rate decision meeting is today. Here's their rate decision.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
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.
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.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
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.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
A Minnesota couple who is stuck in Brazil with their newborn son has received some good news.
Thinking of trying out online dating? Here's a breakdown on whether or not dating apps are worth your time.
Save hundreds on TVs from top brands like Samsung, LG, TCL and more with Best Buy's pre-Memorial Day deals.
Warby Parker, GlassesUSA, Zenni Optical, Roka and more: The 6 absolute best places to buy glasses online and save
If you already have a valid eyeglass prescription, save money by shopping for prescription sunglasses online.
A Minnesota couple who is stuck in Brazil with their newborn son has received some good news.
The man who shot Minneapolis police officer Jacob Spies last summer was sentenced on Thursday to more than a decade in prison.
On Wednesday, Wridz joined MyWheels as one of Minneapolis's first newly licensed rideshare companies, aside from Uber and Lyft.
Officers responded to a carjacking at gunpoint near 26th Avenue North and Thomas Avenue North around 2 p.m., according to the Minneapolis Police Department.
Smith Park in Bloomington is home to a new kind of playground to test your ninja skills — no matter your age.
Police officers in the northwestern Minnesota city of Crookston fatally shot a man early Thursday morning who they say threatened them with a hatchet.
It's a rite of spring in the town of Atwater. When the weather gets warm, the racers get racing. But at this track, the vehicle of choice is a go-kart and most of the competition is too young for a driver's license.
The Superior National Forest declared a wildfire in the Tofte Ranger District around 1 p.m. after spotting the fire had spread beyond the planned burn area.
In 2020, then President Donald Trump promised that if he lost he would never come back. Now, he'll return to Minnesota Friday for one of the biggest fundraisers of the year for the Minnesota GOP. In Talking Points, Esme Murphy looks at Trump's goal of winning our state.
In a protest through songs, more than 50 students gathered outside Hinckley-Finlayson High School Wednesday afternoon, demanding a reversal to a school board decision to take a traditional Native song out of this year's upcoming graduation ceremony.
After more than three decades, DNA researchers and authorities have identified a skeleton found in the chimney of a Madison, Wisconsin music store.
Twenty-four-year-old Madison Bergmann was charged earlier this month with first-degree child sexual assault with a child under 13 in regard to her relationship with a fifth-grade student at River Crest Elementary School in Hudson.
The moves come six months before the election and are just the latest examples of political jousting between Evers and the Legislature. Both are trying to use the stalemate over PFAS funding and other issues to their advantage in the November election
Police are searching for a criminal they say used a machete to rob a gas station near the University of Wisconsin-Stout.
Two men were saved from drowning in a western Wisconsin lake Saturday evening, but one remains hospitalized in critical condition.
In a protest through songs, more than 50 students gathered outside Hinckley-Finlayson High School Wednesday afternoon, demanding a reversal to a school board decision to take a traditional Native song out of this year's upcoming graduation ceremony.
While on his run, 74-year-old John suffered a heart attack. Craig Humpfer, a real estate appraiser, happened to be driving in the area and noticed him on the ground.
After a few years of trying, last summer, Ashley and Josh Zapata-Palmer knew they were ready to be parents and adoption was their best option.
A fire wiped out thousands of plants, putting one urban farmer on the verge of losing it all.
Two months ago, Lauren Olson was seriously injured in a car crash. Now she's making an amazing recovery and back with her lacrosse family.
The Supreme Court said in a 7-2 decision that the Consumer Financial Protection Bureau's funding structure complies with the Constitution's Appropriations Clause.
Both chambers debated until early Thursday morning with the House making some progress regarding changes to the paid family and medical leave bill that passed last year.
There are now just four days left of the 2024 Minnesota legislative session, and lawmakers still have much work to get done.
President Joe Biden and former President Donald Trump agreed to face off in their first presidential debate of the election season next month
There are just 45 days left before Uber and Lyft say they'll leave Minneapolis when a new pay increase for drivers kicks in. But now a new option is getting ready to roll in.
On Wednesday, Wridz joined MyWheels as one of Minneapolis's first newly licensed rideshare companies, aside from Uber and Lyft.
The school year hasn't even ended yet, and next year's graduating class is already booking their photo shoots for senior pictures.
Rural Minnesotans say they're getting hit hard by what they call a "chaotic" health care scene.
The red-hot Minnesota Timberwolves are back home on Friday to take on the Denver Nuggets in game three of the Western Conference semifinal series — and tickets aren't cheap.
Gov. Tim Walz on Tuesday signed a ticket transparency bill aimed at protecting music fans when they buy tickets for shows.
The man who shot Minneapolis police officer Jacob Spies last summer was sentenced on Thursday to more than a decade in prison.
Police officers in the northwestern Minnesota city of Crookston fatally shot a man early Thursday morning who they say threatened them with a hatchet.
Officers responded to a carjacking at gunpoint near 26th Avenue North and Thomas Avenue North around 2 p.m., according to the Minneapolis Police Department.
Ryan Londregan is accused of shooting and killing 33-year-old Ricky Cobb II during a traffic stop last summer.
A former part-time substitute teacher faces criminal charges after she allegedly had sex with a 17-year-old student inside a St. Paul charter school.
Both chambers debated until early Thursday morning with the House making some progress regarding changes to the paid family and medical leave bill that passed last year.
While on his run, 74-year-old John suffered a heart attack. Craig Humpfer, a real estate appraiser, happened to be driving in the area and noticed him on the ground.
A sweaty Sunday with temperatures pushing into the 80s might have forced many people to hit the showers. And for some, it could have been their second go 'round for the day.
A hazy city skyline and quiet sidewalk strip tell part of the story up north in Canada, where dozens of wildfires rage.
It takes a special person to volunteer — and over at M Health Fairview Woodwinds Hospital, there's a lot of special people.
Smith Park in Bloomington is home to a new kind of playground to test your ninja skills — no matter your age.
Jim Parsons and Mayim Bialik are reprising their roles from "Big Bang Theory" in part one of the "Young Sheldon" series finale.
Guests will spend the night in The Kid's bedroom, enjoy "rare and special" Prince tracks and receive a private tour of the house featuring Prince's real-life personal items, according to Airbnb listing.
More than 900 shows will take place throughout the fair's 12 days.
There's no place like home, and the ruby red slippers worn by Judy Garland in "The Wizard of Oz" could soon have a new one in Minnesota.
Aaron Judge followed a 467-foot home run with three hard-hit doubles and drove in two runs for the New York Yankees in a 4-0 victory over the Minnesota Twins.
None of the five teams to win the NBA championship prior to Denver last year advanced past the second round of the playoffs the following season.
The Minnesota Vikings' 2024 schedule was released Wednesday night, and they'll open the season on Sunday, Sept. 8 against the New York Giants.
Richard Brendan Globensky pleaded guilty to federal charges, admitting he stole green jackets awarded to golf legends Arnold Palmer, Ben Hogan, and Gene Sarazen.
Though the Minnesota Vikings' full schedule is set to be released Wednesday night, the NFL has already announced the details for the team's game across the pond.
In 2020, then President Donald Trump promised that if he lost he would never come back. Now, he'll return to Minnesota Friday for one of the biggest fundraisers of the year for the Minnesota GOP. In Talking Points, Esme Murphy looks at Trump's goal of winning our state.
Internal Republican polling shows Minnesota is up for grabs, and Minnesota's 10 electoral college votes could be critical in the upcoming election.
While on the campaign trail in 2020, then President Donald Trump promised that if he lost Minnesota* he would never come back. Four years later, Trump will be back Friday to headline one of the biggest fundraisers of the year for the Minnesota GOP, the Lincoln Reagan dinner in St. Paul. In Talking Points, Esme Murphy spoke with Hamline Professor David Schultz about Trump's ongoing legal battles.
While on the campaign trail in 2020, then President Donald Trump promised that if he lost Minnesota* he would never come back. Four years later, Trump will be back Friday to headline one of the biggest fundraisers of the year for the Minnesota GOP, the Lincoln Reagan dinner in St. Paul. In Talking Points, Esme Murphy spoke with political strategists Abou Amara, a democrat, and Amy Koch, a Republican.
While on the campaign trail in 2020, then President Donald Trump promised that if he lost Minnesota* he would never come back. Four years later, Trump will be back Friday to headline one of the biggest fundraisers of the year for the Minnesota GOP, the Lincoln Reagan dinner in St. Paul. In Talking Points, Esme Murphy spoke with Professor Larry Jacobs about Trump's chances of winning Minnesota's electoral college.
It's a rite of spring in the town of Atwater. When the weather gets warm, the racers get racing. But at this track, the vehicle of choice is a go-kart and most of the competition is too young for a driver's license.
Minnesotans like to explore, and now they'll have a chance to step into caves that haven't been explored in half a century.
John Lauritsen looks at how a Breezy Point barn went from housing buffalo and cattle to hosting customers and wedding parties.
It's one of the few covered bridges remaining in the Midwest, and it's seen a lot of traffic over the years.
Decades ago, at an 88-acre pasture near Annandale, cars replaced cows and French Lake Auto Parts was born.
From Seattle in the Northwest, to across the world in Spain, and right back in Minnesota, the human collective looked north for a few nights as a massive light show performed for one of its largest audiences ever.
A sweaty Sunday with temperatures pushing into the 80s might have forced many people to hit the showers. And for some, it could have been their second go 'round for the day.
A survey by the U.S. Fish and Wildlife Service shows 1.7 million anglers went fishing in Minnesota in 2022. Of those, 69% were residents and 31% were from out of state.
A summer sausage is apparently what's propelled the Twins to 12 straight victories. So, why are athletes superstitious? Good Question.
Cameras are appearing more frequently in courtrooms, but an age-old way to capture the moment is still finding its way into the spotlight.
Minnesotans were delighted by an otherworldly light show Friday night that was on a level the state hadn't seen in nearly two decades.
Many Minnesotans were treated to a stunning double rainbow on Thursday.
Nicolae Miu, a 54-year-old man from Prior, Lake, Minnesota was found guilty of six criminal charges, including first-degree reckless homicide. Miu's trial lasted eight days in a Hudson, Wisconsin courtroom.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
An early spring snowstorm made for many beautiful sights across the state of Minnesota over the weekend.
WCCO meteorologist Adam Del Rosso says that things are looking up, with highs back in the mid 80s Friday, along with sunshine.
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.
Meteorologist Joseph Dames says Thursday will feel May-like, but temps move into summer territory starting Friday.
Meteorologist Joseph Dames says it will be a pleasant Thursday in the Twin Cities before a weekend warmup.
An area of low pressure will move east on Thursday, taking the rain threat and clouds with it.
WCCO meteorologist Adam Del Rosso says that things are looking up, with highs back in the mid 80s Friday, along with sunshine.
The limited-time offer is slated to begin June 25 and will last about a month. The value meal will include a choice of either a McChicken, a McDouble or four-piece chicken nuggets as well as small fries and a small drink.
Cohen, the key witness in the case against Trump, continued facing questioning Thursday from Donald Trump's defense attorneys about his record of lying under oath in different cases.
The man who shot Minneapolis police officer Jacob Spies last summer was sentenced on Thursday to more than a decade in prison. Frederick Leon Davis Jr., 20, pleaded guilty to second-degree attempted murder for the shooting on Aug. 11, 2023.
On Wednesday, Wridz joined MyWheels as one of Minneapolis's first newly licensed rideshare companies, aside from Uber and Lyft.