Stocks tumble on Wall Street as Fed escalates inflation fight
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
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Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
Automotive research company Kelley Blue Book says the average price Americans paid for a new vehicle in August hit a record high of $48,301. That's the fifth consecutive month car prices have risen to record highs.
Borrowing costs for a conventional home loan have more than doubled over the last year.
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
Declining oil prices and somewhat lower demand for gas since motorists have been driving a little less have combined to give Americans some relief at the pump.
It's $3.99 a gallon as of Sunday morning.
Jeff Wagner explains how low gas prices may go, and if we can expect this downward trend elsewhere.
The average price for a gallon of regular in the Twin Cities is $4.41.
The average gas price per gallon in Minnesota is about $4.50. But some parts of the state are already well under $4.
On the top ten list of cheapest gas prices in Minnesota, six locations are in or near Hastings -- at a range of $3.68 to $3.88 a gallon. That's up to 70 cents cheaper than the state average.
For 90 minutes Sunday, a Forest Lake gas station dropped its prices more than $2 a gallon. David Schuman shares the statement they were trying to make about inflation.
For 90 minutes Sunday, a Forest Lake gas station dropped its prices more than $2 per gallon.
The national average has fallen for four straight weeks. Minnesota's gas average is $4.50 per gallon.
According to AAA, the average price for a gallon of unleaded in Minnesota is now $4.59 a gallon, down roughly 20 cents from this time last month.
According to AAA, the average price for a gallon of regular in Minnesota is at $4.59, down nearly 20 cents from last month.
High gas prices take a hit on our wallets, but they could also take a hit on how quickly you get help when it matters most.
Ambulance services are mostly paid through insurance reimbursements that are at locked-in rates.
Gas prices are continuing to trend downward. Prices are down more than 30 cents nationwide in the past month, falling to $4.68 a gallon on average.
Whether you're on the open road, or open water, high gas prices are unavoidable. But they could be coming down soon.
As Minnesota's average price for gasoline maintains a price near $4.75 a gallon heading into the heart of summer, marinas along the St. Croix River are averaging prices up to $2 more.
The idea, which would require the support of Congress, is already being met with skepticism.
The national average fell to $4.99. The slight drop follows weeks of increases.
Gas is high, really high. But as it turns out, some of the people you may think would be benefitting from these sky high prices are hurting, just like the drivers.
As statewide averages near $4.75 Friday, many are making the decision to host a vacation closer to home.
The Minnesota Wild are going home with a chance to advance in the NHL playoffs for the first time since 2015.
The Minnesota Supreme Court on Wednesday affirmed the conviction against Adam Fravel, who killed Madeline Kingsbury in 2023 and was sentenced to life in prison.
They were all hospitalized, and the driver's injuries were severe enough to necessitate an airlift, police said.
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
An ambulance driver hit and killed a moose in northern Minnesota early Monday, with no serious injuries to those in the emergency vehicle.
Police fatally shot a man in Richfield, Minnesota, Wednesday morning after he "brandished a firearm" and shot an officer in the hand, authorities said.
The United States Attorney's Office filed a motion on Tuesday that says Aimee Bock, since at least February, has been directing her college-age son to "download large volumes of material related to her federal prosecution," and disseminate them to lawmakers and members of the media.
Tick season appears to be off to a fast start across the country, with the Centers for Disease Control and Prevention reporting nearly 100 ER visits for bites in April. That's the most for April since 2017.
There is bipartisan support to help save the hospital, but the state Senate is proposing less money than the House. One former patient has something to say to those lawmakers.
Federal agents raided five autism centers in the Twin Cities on Tuesday alongside more than a dozen daycare sites as part of an ongoing probe into suspected fraud.
The Minnesota Supreme Court on Wednesday affirmed the conviction against Adam Fravel, who killed Madeline Kingsbury in 2023 and was sentenced to life in prison.
They were all hospitalized, and the driver's injuries were severe enough to necessitate an airlift, police said.
An ambulance driver hit and killed a moose in northern Minnesota early Monday, with no serious injuries to those in the emergency vehicle.
Tick season appears to be off to a fast start across the country, with the Centers for Disease Control and Prevention reporting nearly 100 ER visits for bites in April. That's the most for April since 2017.
A new Minnesota law is now in effect which requires drivers to stop 20 feet from a school bus when they see red lights flashing, and remain stopped until those lights stop flashing.
You may have heard of Give to the Max Day, where people donate millions of dollars to hundreds of nonprofits and organizations across Minnesota on a single day. That idea has spread to western Wisconsin, called Give Big Valleys.
Federal prosecutors say a small-town Wisconsin police chief tried to help California gun dealers import illegal armor-piercing rounds from Europe.
Local and federal law enforcement are investigating after nearly 50 firearms and "a large quantity of ammunition" were stolen from a sporting goods store in St. Croix County, Wisconsin, the Bureau of Alcohol, Tobacco, Firearms and Explosives said Friday.
Two Minnesotans were killed in a motorcycle crash Wednesday evening in western Wisconsin.
Matthew Keirans used William Woods's identity for decades, then manipulated police into prosecuting Woods, who spent 428 days in jail and 147 days in a mental hospital before DNA evidence proved his innocence.
Bobby Rogers once came to the Minneapolis Institute of Art to sketch and study; now he leads its design and editorial work, shaping what visitors see and experience.
Moses Cooper, who has cerebral palsy, met running partner Mark Hulsey through My Team Triumph Minnesota two years ago and the pair qualified for the Boston Marathon at Grandma's Marathon last summer.
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.
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
Fraud was a focus in tonight's State of the State address from Governor Tim Walz. It was his last, as his second term will end in about eight months. Esme Murphy is live at the State Capitol with the governor's message for Minnesotans.
Minnesota Gov. Tim Walz delivered his final State of the State address on Tuesday.
Federal agents raided five autism centers in the Twin Cities on Tuesday alongside more than a dozen daycare sites as part of an ongoing probe into suspected fraud.
The settlement ends a case where the Minnesota Supreme Court found USA Powerlifting violated the state's Human Rights Act by barring JayCee Cooper from competition.
A large investment company is warning anyone with stocks to hold on to your hats. Information from JP Morgan says uncertainty is fueling inflation, but so far the market has been more resilient than expected.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
The bill would provide an average refund increase of $171 to homeowners after sharp property tax increases across the state this year.
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.
The Minnesota Supreme Court on Wednesday affirmed the conviction against Adam Fravel, who killed Madeline Kingsbury in 2023 and was sentenced to life in prison.
London's mayor says police will increase patrols after an "appalling attack on two Jewish Londoners," amid a "series of shocking antisemitic attacks" in the city.
Police fatally shot a man in Richfield, Minnesota, Wednesday morning after he "brandished a firearm" and shot an officer in the hand, authorities said.
The United States Attorney's Office filed a motion on Tuesday that says Aimee Bock, since at least February, has been directing her college-age son to "download large volumes of material related to her federal prosecution," and disseminate them to lawmakers and members of the media.
Federal agents raided five autism centers in the Twin Cities on Tuesday alongside more than a dozen daycare sites as part of an ongoing probe into suspected fraud.
There is bipartisan support to help save the hospital, but the state Senate is proposing less money than the House. One former patient has something to say to those lawmakers.
Hold Your Horses is a local nonprofit that provides therapy alongside horses and the natural world for people of all ages and abilities.
Minnesota lawmakers are calling for the humanitarian release of a woman detained earlier this year amid Operation Metro Surge who is suffering from a tennis ball-sized ovarian cyst.
For more than 50 years, Steve Nesseth has answered the call, not for the recognition, but because for him service is simply a way of life.
The media we consume and how long we spend consuming it can impact our mental health. In a world where screens are scrutinized, what is the worst kind of screen time?
Mononymous country music star Hardy is set to kick off the final weekend of the 2026 Minnesota State Fair.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
A previously unreleased song is one of many ways Prince is being honored a decade after his death.
Bobby Rogers once came to the Minneapolis Institute of Art to sketch and study; now he leads its design and editorial work, shaping what visitors see and experience.
A video game is helping people experience the Ojibwe culture in a new way.
The Minnesota Wild are going home with a chance to advance in the NHL playoffs for the first time since 2015.
Matt Boldy scored the tiebreaking power-play goal in the final minute of the second period and the Minnesota Wild beat the Dallas Stars 4-2 for a 3-2 lead in the first-round Western Conference series.
Julio Rodriguez hit three doubles, scored twice and drove in two runs, and Josh Naylor had a homer and four RBIs as the Seattle Mariners beat the Minnesota Twins 7-1.
Brock Faber's third career pro hockey game was a playoff game. That was three years ago. Fast forward to the present, and the 23-year-old has taken a huge step forward offensively in these playoffs.
The new format would add eight more at-large teams, and take eight more teams out of the main bracket for play-in games.
The only open Congressional race in Minnesota is in the state's 2nd Congressional District, where the incumbent Rep. Angie Craig is not running for reelection but running for U.S. Senate.
The Cook Partisan Voting Index rates the district at a +3 for Democratic candidates, which means in recent presidential elections, Democrats have held a narrow 3-point edge.
From the controversies to the name-calling to bathhouse proposals to perhaps not renewing Police Chief Brian O'Hara's contract, it seems the Minneapolis City Council is always giving us something to talk about.
From the controversies to the name-calling to bathhouse proposals to perhaps not renewing Police Chief Brian O'Hara's contract, it seems the Minneapolis City Council is always giving us something to talk about.
Both the DFL and GOP nominating conventions are the last weekend in May 7, and voting for the Aug. 11 primary begins in June.
When you think of masterful, memorable works of art, grain elevators don't typically come to mind. But in towns across the country, including in Minnesota, they're becoming an unlikely canvas for creativity.
At Arnie Lillo's Creations in Blue Earth County, you can visit a metal-scaled version of the Eiffel Tower and the Golden Gate Bridge. The works of art have taken on a shape of their own.
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.
A symbolic change is bothering some Minnesotans. Now their local leaders are listening; several cities are voting to fly the old state flag instead of the new one. While it was a drastic redesign, it wasn't the first.
Construction season has arrived, potentially adding several minutes to your daily drive to work. So, how bad is the commute in the Twin Cities? Good Question.
The media we consume and how long we spend consuming it can impact our mental health. In a world where screens are scrutinized, what is the worst kind of screen time?
The pet insurance industry is relatively new, and experts say that's partly why there's a low number of policies, but it is growing.
The popular afternoon pick-me-up in a cup is like a super food, supplement and medicine cure-all.
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.
A few sprinkles are possible Wednesday in the Twin Cities, says NEXT Weather meteorologist Lisa Meadows.
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.
Wednesday will top out in the mid 50s with isolated sprinkles mainly northeast, WCCO meteorologist Joseph Dames reports.
Our quiet, cool stretch continues on Wednesday in the Twin Cities.
Wednesday will start out chilly in the Twin Cities before temperatures end up in the mid to upper 50s.
One person is dead and an officer is recovering in the hospital following a shootout early Wednesday in Richfield, Minnesota.
A few sprinkles are possible Wednesday in the Twin Cities, says NEXT Weather meteorologist Lisa Meadows.
The Buttered Tin, known for its scratch-made brunch and bakery offerings, is ready to host your group for Mother's Day, explains founder Alicia Hinze.
If you are looking for ideas to make some changes around the house, the MSP Home Tour is a great way to get some inspiration. Beatrice Owen, executive director of the National Association of the Remodeling Industry of Minnesota, shares a preview.
Police fatally shot a man in Richfield, Minnesota, Wednesday morning after they say he "brandished a firearm" and shot an officer in the hand, authorities said.