Jerome Powell wants more proof inflation is falling before cutting rates
Jerome Powell noted inflation is slowing for both goods and services, but offered no hints on potential timing of rate cuts.
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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.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
Upticks signal a longer wait for rate cuts as the Federal Reserve's war against inflation isn't won just yet.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
CBS News Business Analyst Jill Schlesinger talks about the November numbers.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
New numbers from the federal government show the average American needs nearly $11,500 in additional funds just to maintain the same standard of living they enjoyed in 2021.
New numbers from the federal government show the average American needs nearly $11,500 in additional funds just to maintain the same standard of living they enjoyed in 2021.
About 60% of American workers say their income has lagged inflation over the past 12 months, survey shows.
U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.
The Bay Area is the best performing region within the U.S. for middle- and working-class families, according to a new analysis.
Best Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
If you've gotten shocked at the price after buying a bag of candy for as a treat or for Halloween, you're not alone.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Store owner Alan Peterson shares the store's strategies for offering discount goods.
General manager Tony Oelmann talks about the store's money-saving strategies.
Store owner Alan Peterson talks about how Mike's Treasure Hunt can offer such steep discounts.
The local grocery store chain Mike's Discount Foods continues to see a bump in business as inflation is still hitting families hard.
The local grocery store chain Mike's Discount Foods continues to see a bump in business as inflation is still hitting families hard.
Despite uptick in prices, Wall Street analysts still expect inflation to continue easing over the coming months.
Minneapolis police are investigating two Monday night stabbings that occurred about an hour apart.
Minnesota state and county officials allege they're being blocked from probing the shootings of Renee Good, Alex Pretti and Julio Cesar Sosa-Celis by federal agents.
Brett Larson, who has led the St. Cloud State University Huskies for eight seasons, will take over as head coach of the University of Minnesota men's ice hockey program.
A bill meant to strengthen school bus safety is the first of the session to pass in both chambers of the Minnesota Legislature.
The foreign ministry said in a statement it agreed after a letter from his family that Dennis Coyle "would be pardoned and released" for Eid.
Minneapolis police are investigating two Monday night stabbings that occurred about an hour apart.
If you have a newer car, you may be in for some sticker shock when you renew your Minnesota license tabs. That's because the formula for calculating license tab fees has changed because of a 2023 bill.
Wild Head Coach John Hynes said Jessi Pierce's presence will be sorely missed.
Weapons screening at the Minnesota State Capitol in St. Paul has been "running smoothly" since it started last month, according to the Minnesota State Patrol.
The Trump administration said ICE agents would fill in for staffing shortages, as TSA workers have gone unpaid since the partial government shutdown began in mid-February.
Officials in northern Minnesota say an eroding cemetery along Lake Superior is leaving human remains exposed near a major tourist destination.
Deron Russell has long been a problem for opposing teams. The Waseca, Minnesota, star broke his own school record in the section semifinal game with a 51-point performance.
If you have a newer car, you may be in for some sticker shock when you renew your Minnesota license tabs. That's because the formula for calculating license tab fees has changed because of a 2023 bill.
A Nevis, Minnesota, man who served as an election judge in Hubbard County during the 2024 election has pleaded guilty to accepting the vote of an unregistered voter, online court records said Monday.
The Minnesota State Patrol says a 2016 GMC Terrain SUV traveling north on Highway 71 and a southbound 2019 Ford Transit Van collided head-on near 240th Street.
Wisconsin lawmakers are taking a shot at expanding sports betting in the state.
A Wisconsin legislator has pleaded no contest to a misdemeanor count of disorderly conduct in connection with a bitter feud with her caucus over resolutions honoring Hispanics.
As the war in Iran evolves, National Guardsmen from Wisconsin are being recognized for what they are doing in the Middle East.
It's the season for booking those spring break getaways, and if you're looking to skip the airport this year, take a page out of the Condé Nast Traveler.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
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 Minnesota Department of Corrections says 95% of all incarcerated individuals will eventually be released from prison. The DOC says it does all it can to help people transition back into the community as productive citizens.
Minnesota native and World War II veteran Les Schrenk died earlier this week. He was 102 years old.
People from across the nation are traveling to the Twin Cities, but not as tourists. Many want to learn in person from Minnesota protestors to bring that knowledge back to their own cities.
A new watchdog agency faces an uncertain future as Minnesota lawmakers clash over what it should look like, but it took a crucial step forward on Tuesday.
Minnesota state and county officials allege they're being blocked from probing the shootings of Renee Good, Alex Pretti and Julio Cesar Sosa-Celis by federal agents.
A bill meant to strengthen school bus safety is the first of the session to pass in both chambers of the Minnesota Legislature.
The watchdog agency faces an uncertain future as lawmakers clash over what it should look like, but it took a crucial step forward on Tuesday.
The bill that would create the agency to investigate fraud, waste and abuse within state programs has been stuck in a House committee for weeks now.
Minnesota's recent swing from heavy snow to record heat is a recipe for rocky roads.
If you have a newer car, you may be in for some sticker shock when you renew your Minnesota license tabs. That's because the formula for calculating license tab fees has changed because of a 2023 bill.
Gas prices have been rising in the weeks since the Iran war started and WCCO has been tracking them since President Trump took office again last year.
Xcel Energy wants to increase rates for 492,000 natural gas customers in Minnesota. Customers can weigh in on the proposal during public hearings in April and May.
As fraud remains in focus in the Minnesota Legislature, the House on Monday unanimously approved a bill to repeal from state law a problematic program that prosecutors said was the target of a massive fraud scheme.
Minneapolis police are investigating two Monday night stabbings that occurred about an hour apart.
A Nevis, Minnesota, man who served as an election judge in Hubbard County during the 2024 election has pleaded guilty to accepting the vote of an unregistered voter, online court records said Monday.
A 34-year-old St. Paul man faces a criminal vehicular homicide charge in connection to a fatal hit-and-run last month.
According to the Minneapolis Police Department, a woman in her 20s had been crossing Marshall Street Northeast near 16th Avenue Northeast just after 3 a.m. when she was struck by a vehicle at a high rate of speed.
Minneapolis police are investigating a shooting that killed a 19-year-old man and injured a 16-year-old boy late Saturday night.
Deputy Fire Marshal Shawn Johnson, 61, died March 5 after a two-year battle with job-related cancer, the Minnetonka Fire Department announced.
Sacramento-based Sutter Health announced plans to acquire Minneapolis-based Allina Health, promising a $2 billion investment in Minnesota and Wisconsin, but healthcare unions say workers weren't consulted.
Hennepin County lawmakers plan to urge state legislators Wednesday morning to save Hennepin Healthcare, the state's busiest Level 1 trauma center, which officials say could close this year without immediate action.
Hennepin County lawmakers plan to urge state legislators Wednesday morning to save Hennepin Healthcare, the state's busiest Level 1 trauma center, which officials say could close this year without immediate action.
A northern California health nonprofit is planning to acquire Allina Health in a deal that was announced Tuesday.
Three of the most iconic '90s music groups are joining forces at this year's Minnesota State Fair.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
Spring break does not have to mean big travel plans or big spending for families who head to the Walker Art Center in Minneapolis, where a new exhibit invites children to climb, crawl and create as part of the art experience.
Comedian Bert Kreischer is without a tour bus after his caught fire in Minnesota.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
Deron Russell has long been a problem for opposing teams. The Waseca, Minnesota, star broke his own school record in the section semifinal game with a 51-point performance.
A Minnesota economics professor is breaking down the historic WNBA contract for her students in a fun and engaging way.
Wild Head Coach John Hynes said Jessi Pierce's presence will be sorely missed.
Minnesota has promoted Greg May to head coach of the women's hockey team after three seasons as an assistant under Brad Frost.
The loss snapped the Celtics' four-game winning streak and left them just a half-game ahead of the New York Knicks in second place in the Eastern Conference.
Young mothers working as Minnesota state senators are trying to change a system that was never designed to include them, saying their workplace is not allowing them time and space to breastfeed their infants.
Unlike the Minnesota House, which does allow children on the House floor, the Minnesota Senate bars children from being on the floor.
President Donald Trump has called the bill his number one priority and says it would prevent non-citizens from voting in the 2026 midterm elections.
Minnesota Secretary of State Steve Simon says non-citizen voting is extremely rare. He cited a University of St. Thomas study that found only three instances of non-citizens voting in Minnesota between 2014 and 2024.
The U.S. Senate has begun debate on a controversial elections bill that would require voters to show proof of citizenship with a birth certificate or passport. Minnesota Secretary of State Steve Simon says non-citizen voting is extremely rare. He cited a University of St. Thomas study that found only three instances of non-citizens voting in Minnesota between 2014 and 2024.
The Nuss Collection is home to a lot of vintage trucks.
Denis Doyle was born in Kilkenny, Ireland. He emigrated to the U.S. and in 1856, Doyle traveled to Le Sueur County. Other Irish immigrants joined Doyle and the town was born.
One of the oldest operating theaters in the Midwest is in danger of closing its doors for good.
In St. Louis Park, Minnesota, there's a place where you can find radio and television technology that's nearly a century old — and it still works.
One of the best views in Minnesota is at the top of a Bloomington hill. But 15-year-old Jacob Larson isn't here for the scenery. He's here for the jump.
Minnesota's recent swing from heavy snow to record heat is a recipe for rocky roads.
Heavy snow followed by bitter cold hit Minnesotans with a double whammy of winter. The good news is spring-like weather is right around the corner, but its quick arrival could spell trouble for homeowners.
Minnesota lakes remain frozen. The people walking on trails around them remain bundled up. After a warm start to March, the seasonal shift is sputtering as it often tends to do.
Drivers are bracing themselves for higher prices when they pull up to gas stations. But the pump isn't the only place you can expect to pay more in the weeks ahead.
A push for stricter gun laws in Minnesota is not new. However, this session comes on the heels of a devastating mass shooting last summer in which the target was students in prayer at Annunciation Catholic School in Minneapolis.
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.
It will be dry across the metro Tuesday with a bit more sunshine, says NEXT Weather meteorologist Joseph Dames.
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.
Warm midweek, cooler late, waiting on consistent warmth and spring flowers, WCCO meteorologist Joseph Dames reports.
The Twin Cities will stay mild and dry on Tuesday.
Tuesday will be mild in the Twin Cities, with highs in the mid-50s.
Culinary specialist Lauren Beuckman shows off the recipe.
It will be dry across the metro Tuesday with a bit more sunshine, says NEXT Weather meteorologist Joseph Dames.
Minneapolis police are investigating two Monday night stabbings that occurred about an hour apart.
A new watchdog agency faces an uncertain future as Minnesota lawmakers clash over what it should look like, but it took a crucial step forward on Tuesday.
Caillean Kapoor, with the Science Museum of Minnesota, shares a preview of the events available for curious adults.