Fed rate hikes are over, economists say. Here's the impact on your money.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
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The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
CBS News business analyst Jill Schlesinger discusses the latest economic developments.
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 stabilized interest rates Wednesday, which could bring in more buyers, but that doesn't mean the process will be easier or cheaper any time soon.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
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.
Neel Kashkari says he has faith in the banking system, but he's monitoring the impact of recent bank failures on future lending and inflation.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
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.
The new October housing report from Minnesota Realtors shows home sales down 31% compared to last year. WCCO’s Allen Henry spoke to local agents who say the drop isn’t necessarily a bad thing, just a return to normalcy.
Bank boss Andrew Bailey said there was a "tough road ahead," and if action isn't taken now, things "will be worse later on."
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
