The Iran war is making it harder for Fed officials to cut interest rates
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
Watch CBS News
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Three former Fed chairs and other top economic officials decry "prosecutorial attacks" on Jerome Powell, saying it undermines the central bank.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
Some Sacramento residents on the housing hunt have hope after the Federal Reserve cut its benchmark interest rate for the first time in nine months.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
President Trump wants the Federal Reserve to cut interest rates. Here's what experts predict at the central bank's May 7 meeting.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
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 announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
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.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The great inflation spike of the past three years is nearly spent - and economists credit American consumers themselves for helping to slay it.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
The abundance of green space is just one of the reasons why Elk Grove is being named the best place to live in California, according to Livability, which also names it the sixth best city in the West.
Fire crews in Stockton responded to two separate house fires Monday evening, including one that left six people hospitalized.
Sacramento Metropolitan Fire District crews are investigating an explosion that injured a woman Monday evening at an apartment in the Arden-Arcade area.
Fresh off a huge night at the 2026 Academy Awards for the Sacramento-filmed Best Picture-winner "One Battle After Another," a new movie is set to begin filming in California's El Dorado County.
A California couple is facing dozens of criminal charges, including torture and child abuse, after investigators say an 11-year-old girl endured at least a year of severe physical abuse while living in their custody.
Authorities have made an arrest in the cold case disappearance of California teenager Victoria Marquina.
Fire crews in Stockton responded to two separate house fires Monday evening, including one that left six people hospitalized.
The abundance of green space is just one of the reasons why Elk Grove is being named the best place to live in California, according to Livability, which also names it the sixth best city in the West.
A high-pressure system moving into the region will bring above-average temperatures and is expected to set record highs for the month of March in Sacramento.
Sacramento Metropolitan Fire District crews are investigating an explosion that injured a woman Monday evening at an apartment in the Arden-Arcade area.
Sacramento Metropolitan Fire District crews are investigating an explosion that injured a woman Monday evening at an apartment in the Arden-Arcade area.
Around 12:01 a.m., a man and woman were inside a vehicle on the 4400 block of Auburn Boulevard when they were shot. The woman was pronounced dead at the scene, and the man was taken to the hospital, the Sacramento County Sheriff's Office said.
New moves have been made to support more permanent housing in Sacramento, but some fear it could put some short-term rentals like Airbnbs out of business.
The Sacramento Police Department said officers shot a suspect near an elementary school in the Northgate area on Tuesday evening after responding to reports of a person armed with a knife.
While the infant was being taken to an area hospital, officials said the child's pulse returned and they began breathing on their own.
San Jose, Livermore, Napa, Concord, and many other inland areas will be within reach of the 90° mark, which would either tie or break all-time record warm temperatures for March. The reason? A strong area of high pressure is building overhead.
The war with Iran is now leading to growing concerns among California farmers over a fertilizer shortage, with many fertilizing products coming from shipments that are stuck in the Persian Gulf. tuck in the Persian Gulf.
Getting a gallon of gas for under $3? In California, it's possible if you choose the right pump.
Drivers across California are feeling the impact of soaring gas prices in what feels like overnight.
An 8-year-old child was airlifted to a hospital after plunging 30 feet from a chair lift at the Sierra-at-Tahoe ski resort over the weekend, authorities said.
The U.S. men's national soccer team is expected to debut the new uniforms later this month in Atlanta, ahead of the 2026 FIFA World Cup starting in June.
DeMar DeRozan scored a season-high 41 points and had 11 assists to help the Sacramento Kings hold off the Utah Jazz 116-111.
Russell Westbrook had 12 points, 12 rebounds and 10 assists for his 209th career triple-double and DeMar DeRozan scored 27 points to lead the Sacramento Kings to a 118-109 victory over the Los Angeles Clippers.
The San Francisco 49ers have signed free agent linebacker Dre Greenlaw, welcoming back an impact player and fan favorite whose absence was felt on the defensive squad.
After winning two gold medals at the Winter Olympics, Alysa Liu received a hero's welcome at a hometown celebration in Oakland.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
A federal judge has quashed a pair of grand jury subpoenas sent to the Federal Reserve Board as part of a criminal probe by U.S. Attorney Jeanine Pirro's office.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Public health officials say they've confirmed two cases of measles in Sacramento County.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
Six months after a California wildfire destroyed dozens of homes in the Tuolumne County community of Chinese Camp, officials say debris removal is now complete and properties are being returned to their owners.
A man has been arrested and charged in connection with the Tiger Fire that burned 118 acres in California's Amador County last summer and forced evacuations near Pioneer.
A major home developer is rethinking how communities are built in wildfire-prone areas and the future is taking shape in El Dorado County.
San Joaquin County secured a grant aimed at helping to build a wildfire protection plan for the entire county.
More than two dozen structures were destroyed in a wildfire in the eastern Sierra Nevada mountains on Wednesday afternoon, officials said.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
Joshua Anthony Martinez was originally arrested in connection to the Amador County girl's disappearance in October 2019, but was released from custody. Now, the San Joaquin County District Attorney's Office confirmed Monday that Martinez has been arrested again in connection to the case. According to the jail booking log, Martinez is facing charges of murder along with several alleged sex crimes with a minor.
The abundance of green space is just one of the reasons why Elk Grove is being named the best place to live in California, according to Livability, which also names it the sixth best city in the West.
A total of six people were taken to the hospital. Officials said one person was in critical condition, two suffered moderate injuries and three others had minor injuries.
Fresh off a huge night at the 2026 Academy Awards for the Sacramento-filmed Best Picture-winner "One Battle After Another," a new movie is set to begin filming in California's El Dorado County.
Nina Burns reports.