Minneapolis Fed president gives economy "A" grade
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, gives the state of the economy right now high marks and expects more interest rate cuts before the year's end.
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Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, gives the state of the economy right now high marks and expects more interest rate cuts before the year's end.
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.
Drivers could continue to see higher car insurance rates in 2024, with the average U.S. rate projected to jump 22% this year.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
Chipotle CEO Brian Niccol said the company is addressing portion sizes after finding 10% of its locations were skimping.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
In the Twin Cities, new home listings are down, pending sales have fallen and mortgage rates are measurably higher than they were a year ago. Home prices are increasing faster than incomes, making it tougher than ever for first-time homebuyers to make a purchase. Derek James has more on the challenging market and how builders are responding.
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
New numbers out on Wednesday show prices on all items rose about 3% year-over-year last month. But car insurance prices jumped a whopping 20%.
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.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
As the unofficial start of summer begins, so does summer fun. But will it be an expensive one? Although inflation eased in April, prices still remain high, especially at the grocery store. Our Kirsten Mitchell did some number crunching to learn what items may be coming down.
The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.
The U.S. government released its monthly inflation report on Wednesday morning. CBS News Business Analyst Jill Schlesinger explains it all.
Owning and protecting a home or a car in Minnesota is getting more expensive.
Owning and protecting a home or a car in Minnesota is getting more expensive. Over the last year, the cost to insure your car jumped by 22%. Home rates are up almost 5%. WCCO's Allen Henry explains what you need to know about through-the-roof rates.
CBS News Business Analyst Jill Schlesinger discusses the results of a report on economic growth for the first quarter.
The latest inflation update shows some relief at the grocery store. But families are still shelling out for one major staple.
Even with the recent spike in egg prices, $3 for a dozen is more than a dollar lower than what it was a year ago.
Your money probably isn't going as far as you'd like it to. Tuesday's inflation update shows just over a 3% bump compared to February of last year. The report shows some relief at the grocery store, but families are still shelling out more for one major staple.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
Jerome Powell noted inflation is slowing for both goods and services, but offered no hints on potential timing of rate cuts.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Residents in the Twin Cities are keeping a close eye on public schools for U.S. Immigration and Customs Enforcement activity amid operations targeting Somali immigrants in the area.
A student is recovering after a school bus collided with a Metro Transit light rail train in St. Paul on Friday morning.
Car thieves aren't waiting for the sun to rise in the suburbs of the Twin Cities, and neither are the police.
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 student is recovering after a school bus collided with a Metro Transit light rail train in St. Paul on Friday morning.
Car thieves aren't waiting for the sun to rise in the suburbs of the Twin Cities, and neither are the police.
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.
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.
Car thieves aren't waiting for the sun to rise in the suburbs of the Twin Cities, and neither are the police.
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.
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.
Showers moving through southern Minnesota on Saturday may drop up to 5 inches of snow in some areas, according to Next Weather meteorologist Lisa Meadows. The Twin Cities could see up to 3 inches as the system moves through.
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.
Snow will cover southern Minnesota on Saturday, according to Next Weather meteorologist Lisa Meadows, with the system partially hitting the Twin Cities metro.
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.
Showers moving through southern Minnesota on Saturday may drop up to 5 inches of snow in some areas, according to Next Weather meteorologist Lisa Meadows. The Twin Cities could see up to 3 inches as the system moves through.
U.S. Immigration and Customs Enforcement activity in the Twin Cities has some parents and teachers dealing with scared students. Conor Wight explains what schools and parents are doing to address fears during the federal enforcement.
Snow will cover southern Minnesota on Saturday, according to Next Weather meteorologist Lisa Meadows, with the system partially hitting the Twin Cities metro.
In 1990, WCCO aired a report called "The Iron Crib," which exposed the horrible living conditions of thousands of children crowded into Romanian orphanages. Many Minnesota families saw their plight and opened their hearts and homes through adoption. Photojournalist Tony Peterson shows us how one of those orphans recently connected with her past.
Car thieves aren’t waiting for the sun to rise in the Twin Cities suburbs and neither are the police. They're flooding residential streets, hoping to stop a pattern of theft. WCCO's Ubah Ali takes us inside the operation designed to stop them.