Dow surges more than 800 points after Fed's Powell hints at rate cut
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
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Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
The Federal Reserve is expected to hold its benchmark rate steady at its May 7 meeting. CBS News financial analyst Jill Schlesinger talks more about how those rates affect borrowers versus savers.
Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Economy showed solid fourth-quarter growth, though roughly a percentage point below economist expectations.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
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.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Officials want more data to be confident that inflation is abating, according to the minutes of their July 25-26 meeting.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
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.
Stronger-than-expected wage data raised expectations Fed hikes will be more aggressive to get inflation under control.
Smaller hike shouldn't be taken as sign central bank will let up on inflation fight anytime soon, Fed chair cautions.
Businesses become slightly less desperate for workers, but there are still 10.3 million open jobs.
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
Economists had expected the number of job openings to drop below 10 million for the first time since June 2021.
Tim Bertz worked for the Harris and Lino Lakes fire departments, and on Dec. 17, he graduated from the St. Paul Fire Academy. He died just five days later.
A man is accused of fatally shooting a Castle Rock Township, Minnesota, woman on Christmas Eve, which, according to court documents filed Monday, was her birthday.
A group of Minnesota House and Senate Republicans is calling on Gov. Tim Walz to resign over accusations that as much as $9 billion paid through state services during his administration could be fraudulent.
Two people are hospitalized in critical condition after a house fire in south Minneapolis Sunday evening.
A patient who allegedly fatally assaulted a security guard at a hospital north of the Twin Cities on Christmas is now charged with murder.
Tim Bertz worked for the Harris and Lino Lakes fire departments, and on Dec. 17, he graduated from the St. Paul Fire Academy. He died just five days later.
Two people are hospitalized in critical condition after a house fire in south Minneapolis Sunday evening.
Homeland Security agents were in Minneapolis on Monday "conducting a massive investigation on childcare and other rampant fraud," Secretary Kristi Noem said.
Sunday's winter storm blanketed parts of Minnesota with snow and caused treacherous conditions on state roads. WCCO has issued a NEXT Weather Alert and a NEXT Drive Alert.
Though the snowstorm that lashed Minnesota on Sunday has wrapped up, road conditions were still challenging Monday morning.
Tim Bertz worked for the Harris and Lino Lakes fire departments, and on Dec. 17, he graduated from the St. Paul Fire Academy. He died just five days later.
A man is accused of fatally shooting a Castle Rock Township, Minnesota, woman on Christmas Eve, which, according to court documents filed Monday, was her birthday.
A patient who allegedly fatally assaulted a security guard at a hospital north of the Twin Cities on Christmas is now charged with murder.
Six snowmobilers fell through the ice on a northern Minnesota lake Sunday evening, and five of them had to be hospitalized, authorities said.
Sunday's winter storm blanketed parts of Minnesota with snow and caused treacherous conditions on state roads. WCCO has issued a NEXT Weather Alert and a NEXT Drive Alert.
A Wisconsin woman who almost killed her sixth-grade classmate to please the fictional Slender Man has been ordered back to a state psychiatric hospital after she escaped from her group home last month.
Several schools in Minnesota and Wisconsin are reporting delayed starts on Monday amid a messy morning commute.
The U.S. Justice Department has sued three states, including Illinois and Wisconsin, and D.C. for not turning over requested voter information to the Trump administration.
Defenders of a Wisconsin judge found guilty of felony obstruction for helping a Mexican immigrant evade federal officers are raising alarms about judicial independence and say they hope the conviction will be overturned on appeal.
The Minnesota Attorney General's Office says Menards, the Wisconsin-based home improvement retailer, has reached a $4.25 million settlement with several states to "resolve claims" of deceptive marketing practices in its popular "11% Rebate Program," and pandemic-era price gouging.
Many people who serve in the U.S. military find it hard to ask for assistance when they've been trained to help and serve others.
Food Bank Eatery in North Minneapolis provides free meals for children, who may have little to eat after the pause of SNAP benefits for many in the community.
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.
A group of Minnesota House and Senate Republicans is calling on Gov. Tim Walz to resign over accusations that as much as $9 billion paid through state services during his administration could be fraudulent.
The head of the FBI is turning his attention to fraud in the North Star state.
Israeli Prime Minister Benjamin Netanyahu also announced President Trump will receive the Israel Prize for his work on peace negotiations.
The U.S. announced a $2 billion pledge for U.N. humanitarian aid as the Trump administration continues to slash U.S. foreign assistance and warns United Nations agencies to "adapt, shrink or die" in a time of new financial realities.
Minneapolis officials have banned government officials, including U.S. Immigration and Customs Enforcement agents, from using city lots and ramps as a staging area to enforce federal immigration laws, according to an updated city ordinance.
While no illness has been reported so far, the U.S. Food and Drug Administration says 54 stores in the state were affected by Gold Star Distribution's recall.
This season of giving can really do a number on our recycling systems. But we can all be part of the solution.
With the time-honored tradition of gift giving comes gift concealing.
Twin Cities shoppers were out and about on Super Saturday, the second-busiest shopping day of the year. The day lands on the final Saturday before Christmas annually.
Buy now, pay later plans are becoming more popular for shoppers this holiday season.
A man is accused of fatally shooting a Castle Rock Township, Minnesota, woman on Christmas Eve, which, according to court documents filed Monday, was her birthday.
A patient who allegedly fatally assaulted a security guard at a hospital north of the Twin Cities on Christmas is now charged with murder.
Homeland Security agents were in Minneapolis on Monday "conducting a massive investigation on childcare and other rampant fraud," Secretary Kristi Noem said.
A 17-year-old boy is dead after shots were fired into a Minneapolis home where he was on Sunday evening.
Police in Roseville, Minnesota, are investigating after they said officers found a man injured at the scene of a reported shooting on Friday morning.
The clock is ticking to snag a few more gifts and prepare for that holiday trip to visit family. As the pressure builds, so does the stress.
The Minnesota Athletic Trainers Association says of the middle and high schools they know of, only 49% have an athletic trainer providing some level of service.
From 2021 to 2025, Smart Therapy Center submitted claims totaling $31.8 million across all Minnesota Department of Human Services programs, according to that data. But the provider was only approved for a fraction of those payments.
The family of a Minnesota Vikings player who died at training camp from heat exhaustion in 2001 is still fighting to protect others.
A Twin Cities metro area school shifted to e-learning after a flu outbreak impacted nearly a quarter of its students. A senior epidemiologist with the Minnesota Department of Health said flu season is "definitely picking up."
The band announced Perry Bamonte's death on their official website on Friday.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
The NFL revealed the Week 18 schedule on Sunday, and with neither team having much to play for, the NFC North matchup at U.S. Bank Stadium gets the default slot.
Led by Nolan Minessale's 22 points, the St. Thomas Tommies defeated the Division-III North Central (MN) Rams 105-59.
Matt Boldy scored two goals, including the winner just 39 seconds into overtime, to lead the Minnesota Wild to a 4-3 come-from-behind victory over the Winnipeg Jets on Saturday night.
Taylor Heise scored her first goal of the season 2:57 into overtime Saturday to give the Minnesota Frost a 2-1 victory over the Vancouver Goldeneyes as the Professional Women's Hockey League Takeover Tour hit Edmonton's Rogers Place.
Hill-Murray is again one of the best girls hockey teams in Minnesota. This season, at any given time, there could be five Pohls on the Pioneers bench.
Minnesota Congresswoman Ilhan Omar is calling for answers about the immigration crackdown in the Twin Cities. She is also denouncing the president's attacks on the Somali community and herself. In Talking Points, Esme Murphy shows us how, for Omar, this is a familiar position to be in.
Minnesota Congresswoman Ilhan Omar is calling for clarity about the immigration crackdown in the Twin Cities.
Fear and uncertainty continue in Minnesota's Somali communities as ICE continues its intensified focus on the Twin Cities.
Opposition to ICE actions is widespread among Democratic elected officials throughout the state, though nowhere more than in Minneapolis, home to the state's largest Somali population.
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.
On Dec. 9, 1965, "A Charlie Brown Christmas" debuted on CBS, and it became an instant classic. Lee Jenkins' home is proof that the show is still a hit six decades later.
Holiday lights are on full display across the state right now, and just south of the Twin Cities you'll find a Christmas light show that's been around for more than half a century.
The story begins years ago when the city acquired one of the T-38 Talon Thunderbird jets from the Air Force.
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."
According to the Smithsonian Magazine and Britannica, eggnog has British roots.
With the time-honored tradition of gift giving comes gift concealing.
The story of "The Wizard of Oz " is 125 years old, yet still reinventing itself in all kinds of forms.
It's the time of year when we accumulate the most stuff. When we do, people often throw around the word "hoarding." But it turns out it's a frequently misunderstood term.
Why do we have oily or dry skin? A dermatologist explains the root cause and how it can change over time.
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.
A band of light snow is possible on Tuesday morning, though most of it will fall north of the metro, NEXT Weather meteorologist Chris Shaffer said.
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.
Sunday's winter storm in Minnesota brought another round of snow to clean up across the state. In Oakdale, a man recovering from a heart attack in April got some help thanks to a call made by his children. Photojournalist Nick Lunemann and Jeff Wagner report.
WCCO meteorologist Chris Shaffer says temperatures will fall overnight and a band of light snow could fall tomorrow morning.
Minnesota chills down overnight, falling back to around 3 to start Tuesday morning, WCCO meteorologist Mike Augustyniak reports.
A band of light snow is possible on Tuesday morning, though most of it will fall north of the metro, NEXT Weather meteorologist Chris Shaffer said.
Sunday's winter storm in Minnesota brought another round of snow to clean up across the state. In Oakdale, a man recovering from a heart attack in April got some help thanks to a call made by his children. Photojournalist Nick Lunemann and Jeff Wagner report.
Tim Bertz, a former Navy SEAL and firefighter, is being remembered as someone who always went out of his way to help others. He died three days before Christmas after a serious medical incident. John Lauritsen shows the legacy he leaves behind.
A 17-year-old boy is dead after someone fired into a north Minneapolis home. It happened on Sunday night in the Jordan neighborhood. As Jason Rantala shows us, the victim is someone police say they knew.
WCCO meteorologist Chris Shaffer says temperatures will fall overnight and a band of light snow could fall tomorrow morning.