Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
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Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
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.
A normally quiet neighborhood in Citrus Heights is recovering after a weekend Airbnb party grew out of control, causing chaos and costly damage.
The bill would allow drivers to install federally approved E-85 conversion kits, giving more vehicles access to the lower-cost fuel option.
Friday is demolition day for a southern Sacramento County bridge that's nearly 100 years old. Engineers say the list of problems on the New Hope Bridge is so long that it's easier to tear it down and build a new one.
The attorney for the man shot by U.S. Immigration and Customs Enforcement agents in Patterson is disputing federal claims and raising questions about what led up to the shooting, and what's happening now at the hospital.
The Athletics rallied to beat the New York Yankees 3-2 on Wednesday night.
The attorney for the man shot by U.S. Immigration and Customs Enforcement agents in Patterson is disputing federal claims and raising questions about what led up to the shooting, and what's happening now at the hospital.
The Nevada County Planning Commission recently recommended that a development project in Cedar Ridge be put in front of the board of supervisors for a vote.
A normally quiet neighborhood in Citrus Heights is recovering after a weekend Airbnb party grew out of control, causing chaos and costly damage.
The suspect attempted to run over an officer, ICE officials say.
The bill would allow drivers to install federally approved E-85 conversion kits, giving more vehicles access to the lower-cost fuel option.
Last year, six people ran for Sacramento mayor and no one got more than 30% of the vote during the primary election. Now, there's a push to eliminate the primary and allow voters to choose more than one candidate.
A young girl was blindsided near her Natomas home Wednesday afternoon when her mother says a man crouching behind a utility box jumped out and attacked her from behind as she rode her bike.
Friday marks four years since the worst mass shooting in Sacramento history. Since then, police say they've been successful in reducing these types of violent crimes. One advocate says the city still isn't doing enough.
A new type of home may soon be rolling into Sacramento. City leaders are considering allowing people to live in cottages mounted on wheels.
One person was killed in a hit-and-run collision between two vehicles in Sacramento on Friday evening, police said.
The bill would allow drivers to install federally approved E-85 conversion kits, giving more vehicles access to the lower-cost fuel option.
California lawmakers want schools to include nicotine in drug tests already given to student-athletes, some as young as seventh graders.
The cost of diesel fuel is nearing $8 per gallon in parts of California, creating significant pressure on small trucking companies already struggling.
Northern California lawmakers denounced President Trump's latest threats against Iran on social media, vowing to wipe out "a whole civilization, and mirroring other Democratic lawmakers nationwide who are now calling for his removal from office.
Vanity plates are a popular way for people to personalize their cars in California, and they help generate millions of dollars for nonprofit causes. Now, a new lowrider license plate is being proposed.
The Athletics rallied to beat the New York Yankees 3-2 on Wednesday night.
Stephen Curry scored 17 points with a pair of four-point plays in 25 minutes making his second appearance back from a 27-game absence because of a right knee injury, and the Golden State Warriors held off the Sacramento Kings 110-105 to snap a four-game losing streak.
Amed Rosario homered twice, including a go-ahead, three-run drive in the eighth inning that rallied the Yankees over the Athletics 5-3 on Tuesday night.
This is Michigan's second NCAA title in school history, and the win ends a 26-year national championship drought for the Big Ten.
Kawhi Leonard scored 26 points and the Los Angeles Clippers snapped a two-game skid by beating the Sacramento Kings 138-109 to improve their playoff positioning.
California lawmakers want schools to include nicotine in drug tests already given to student-athletes, some as young as seventh graders.
Riverside County Sheriff Chad Bianco previously described the investigation as a "fact-finding mission."
Northern California lawmakers denounced President Trump's latest threats against Iran on social media, vowing to wipe out "a whole civilization, and mirroring other Democratic lawmakers nationwide who are now calling for his removal from office.
President Trump said he has agreed to a "double sided CEASEFIRE" with Iran, less than two hours before his deadline for Iran to either cut a deal with the U.S. or face massive strikes on its power plants.
Homeland Security Secretary Markwayne Mullin said DHS employees affected by the government shutdown will be paid through the recent pay periods by the end of the week.
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.
Charlie Lapastora reports.
Conor McGill reports.
Friday is demolition day for a southern Sacramento County bridge that's nearly 100 years old. Engineers say the list of problems on the New Hope Bridge is so long that it's easier to tear it down and build a new one.
The attorney for the man shot by U.S. Immigration and Customs Enforcement agents in Patterson is disputing federal claims and raising questions about what led up to the shooting, and what's happening now at the hospital.
Steve Large reports.