U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
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The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
Inflation in September fell to an annual rate of 2.4%, its lowest point since early 2021, as gas and energy costs continued to ease.
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.
Eugenio Suárez went 2 for 3 with a double and two RBIs, Brandon Williamson allowed a run in 5 1/3 innings, and the Cincinnati Reds beat the Minnesota Twins 2-1.
WCCO's crew found multiple houses whose side walls had been torn down; multiple vehicles had been flipped or launched like toys; garages and sheds were leveled.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
The Hopkins Police Department says officers were dispatched to the area of Feltl Court and Smetana Road for a reported shooting around 3 p.m.
The opening was a huge success and just a year later, Erin Flavin opened up her St. Paul location. However, two years ago, she saw a shift that would end up being what she calls the "downfall of Marigold."
The Hopkins Police Department says officers were dispatched to the area of Feltl Court and Smetana Road for a reported shooting around 3 p.m.
The opening was a huge success and just a year later, Erin Flavin opened up her St. Paul location. However, two years ago, she saw a shift that would end up being what she calls the "downfall of Marigold."
Lakeville is home to more than 77,000 residents and is growing quickly. New developments are pushing the city to number one in the Twin Cities for residential building permits in 2025, according to Housing First Minnesota.
"When a crisis happens in Minneapolis, this team is spot on. They are there, they are paying attention to what's going on," said Joni Hodne, director of Minneapolis 911.
A 21-year-old man died in a motorcycle crash in northeast Minneapolis early Friday morning.
WCCO's crew found multiple houses whose side walls had been torn down; multiple vehicles had been flipped or launched like toys; garages and sheds were leveled.
Residents in Bemidji, Minnesota, reported hearing "multiple explosions" when a structure fire caused propane tanks to blow Thursday afternoon, authorities said.
The U.S. Senate on Thursday voted to end a mining ban near the Boundary Waters in northern Minnesota.
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.
A woman was found dead at a complex on the Mississippi River in Winona County, Minnesota, on Wednesday morning.
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.
Two years ago, Cooper met with his running partner Hulsey through My Team Triumph Minnesota, and the connection was instantly special.
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 deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Lakeville is home to more than 77,000 residents and is growing quickly. New developments are pushing the city to number one in the Twin Cities for residential building permits in 2025, according to Housing First Minnesota.
President Trump spoke with CBS News Friday in a new telephone interview.
The man accused of attacking two lawmakers and their spouses is expected back in court.
A Minnesota woman has filed a claim against the U.S. government over her treatment during an arrest by federal agents.
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.
The Hopkins Police Department says officers were dispatched to the area of Feltl Court and Smetana Road for a reported shooting around 3 p.m.
The sentencing for a Minneapolis man who shot and killed his ex-girlfriend minutes after she posted about his abuse on social media is pushed back to Monday, after he failed to show up to court on Friday morning.
A man shot in south Minneapolis Thursday evening should survive, police say.
Federal agents say they executed criminal search warrants at two Twin Cities stores on Thursday as part of an investigation into $2.1 million of Supplemental Nutrition Assistance Program fraud.
A federal jury convicted a Minnesota man of illegally possessing a machine gun while on the way to a Twin Cities high school graduation.
At M Health Fairview Southdale Hospital in Edina, Minnesota, there is an emergency room within the emergency room, focused on mental health.
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.
A video game is helping people experience the Ojibwe culture in a new way.
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.
Eugenio Suárez went 2 for 3 with a double and two RBIs, Brandon Williamson allowed a run in 5 1/3 innings, and the Cincinnati Reds beat the Minnesota Twins 2-1.
Two years ago, Cooper met with his running partner Hulsey through My Team Triumph Minnesota, and the connection was instantly special.
Minnesota clinched the program's first NCAA finals appearance in women's gymnastics, joining top three seeds Oklahoma, Florida and LSU to battle for the national title.
The Minnesota Lynx re-signed five-time All-Star forward Napheesa Collier, who's coming off one of the most productive seasons in WNBA history.
The Minnesota Wild have entered the playoffs with fully professed confidence in both of their goalies.
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.
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.
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.
The Nuss Collection is home to a lot of vintage trucks.
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.
WCCO's crew found multiple houses whose side walls had been torn down; multiple vehicles had been flipped or launched like toys; garages and sheds were leveled.
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.
WCCO meteorologist Lisa Meadows says tomorrow's high will be in the mid 40s with feels-like temperatures in the 30s during a breezy day.
The National Weather Service confirmed several touchdowns this afternoon in southeastern Minnesota. Several communities are still assessing the damage. Conor Wight shows us the damage done to a neighborhood in Rochester.
WCCO meteorologist Lisa Meadows says lows tonight will drop below freezing.
Chris Majeski has spent much of his life serving others through his roles as a deputy sheriff, a firefighter, a school bus driver, a father and a husband. It's the life he wants to get back to, but it's been interrupted. Mike Max has his story in tonight's Home Team.
WCCO meteorologist Lisa Meadows says tomorrow's high will be in the mid 40s with feels-like temperatures in the 30s during a breezy day.
A boy is fighting for his life after a shooting in a Twin Cities suburb.
The National Weather Service confirmed several touchdowns this afternoon in southeastern Minnesota. Several communities are still assessing the damage. Conor Wight shows us the damage done to a neighborhood in Rochester.
WCCO meteorologist Lisa Meadows says lows tonight will drop below freezing.