Fed unlikely to cut interest rates until 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
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A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
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.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
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.
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
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.
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.
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 Federal Reserve just cut a key interest rate for the first time in four years.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
The federal government announced Wednesday that it will keep interest rates where they are for now, but that could change in the next few weeks.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Human remains found in Lake Tulloch have been identified as a missing 59-year-old Modesto woman, the Tuolumne County Sheriff's Office said.
A woman from Ukraine living in the U.S. for over a decade was arrested by Immigration and Customs Enforcement agents at San Francisco International Airport, in an incident caught on video.
The Sixers' wild offseason continued Friday when they added four-time NBA champion LeBron James.
A woman's death is under investigation after hospital staff determined it was suspicious and may not have been from natural causes, the Sacramento County Sheriff's Office said.
A Sonora man was arrested on suspicion of felony animal cruelty this week after a dog was found dead in a dumpster with signs it had been hurt, police said.
The criticism comes after Bonta's office updated the title and summary for Proposition 39, which will appear before voters this November.
Human remains found in Lake Tulloch have been identified as a missing 59-year-old Modesto woman, the Tuolumne County Sheriff's Office said.
A nonprofit's plan to open a re-entry home for people recently released from prison is drawing questions from neighbors in Sacramento County, who say they were caught off guard by the proposal.
A woman from Ukraine living in the U.S. for over a decade was arrested by Immigration and Customs Enforcement agents at San Francisco International Airport, in an incident caught on video.
The Sixers' wild offseason continued Friday when they added four-time NBA champion LeBron James.
Sacramento is putting on an urban biking and scooting workshop in the Valley Hi neighborhood. It comes as e-bikes are growing in popularity, but many people still aren't following the rules.
People who live in Sacramento's Curtis Park neighborhood say they first started seeing new street parking restrictions go in several months ago, but they had no idea that it was an unauthorized act.
Sacramento civic leaders are grappling with what comes next after a mistrial was declared in the case of the city's deadliest mass shooting in history, with many saying the lack of a verdict leaves victims' families and the community without closure.
A group of Downtown Sacramento business owners says they grew tired of watching garbage pile up on city streets and decided to roll up their sleeves and take matters into their own hands.
Power lines in the area were damaged by the growing flames and fell toward the firefighters who were trying to access the building from a side alley, the fire department said.
As California races to build the infrastructure needed to power artificial intelligence, communities across the state are increasingly weighing whether they want data centers in their own backyards.
A United Airlines employee appears to have been caught on video threatening to call ICE on a passenger last week at San Francisco International Airport.
Two Siskiyou County men have been charged with kidnapping two U.S. Forest Service employees who prosecutors say were abducted at gunpoint and held for 15 hours in a remote Northern California trailer.
A body found in San Francisco Bay on Thursday afternoon was identified as one of the three passengers missing after the sinking of their boat near Alcatraz Island on Tuesday.
A man who lost relatives in the San Francisco Bay boating tragedy says his brother who captained the vessel was an experienced seaman and not at fault.
The Sixers' wild offseason continued Friday when they added four-time NBA champion LeBron James.
James McCann hit his 100th major league home run and Ryan Waldschmidt hit his first as part of a seven-run fifth inning and the Arizona Diamondbacks routed the Athletics 15-5.
Kiki Iriafen had 23 points and 12 rebounds, Shakira Austin finished with 15 points and 15 rebounds, and the Washington Mystics rallied past Golden State for a 90-82 victory Monday night to snap the Valkyries' nine-game winning streak.
CJ Abrams and Dylan Crews hit back-to-back homers in the fifth inning to send the Washington Nationals to a 5-2 victory over the Athletics.
The 2026 FIFA World Cup came to a close Sunday with Spain defeating Argentina in the championship match, ending a month-long tournament that transformed Sacramento bars, restaurants and coffee shops into gathering places for soccer fans.
A woman from Ukraine living in the U.S. for over a decade was arrested by Immigration and Customs Enforcement agents at San Francisco International Airport, in an incident caught on video.
California Attorney General Rob Bonta is being accused of using politically charged language to describe a ballot measure that would require voters to show government-issued identification before casting a ballot.
The lawsuit claims the Trump administration is withholding hundreds of millions of dollars in disaster-preparedness and homeland security grants to pressure states to change policies on elections and immigration.
As California races to build the infrastructure needed to power artificial intelligence, communities across the state are increasingly weighing whether they want data centers in their own backyards.
More than 43,000 immigrants were arrested last month as DHS continues to detain people in less-publicized enforcement surges.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Here's how weight-loss drugs like Ozempic and Wegovy could reduce worker illness and save companies money.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A Monterey County company is now at the center of a nationwide cyclosporiasis outbreak. The Washington Post is reporting that lettuce from Taylor Farms, a company headquartered in Salinas, may have supplied contaminated lettuce to Taco Bell.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Fresh off their undefeated season and conference championship win, the women on the team are speaking out for the first time.
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.
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.
All evacuation orders have been lifted for a fast-moving wildfire that sparked near the Nevada and Yuba county line Wednesday afternoon.
Firefighters stopped the forward progress of a vegetation fire that forced evacuations Sunday afternoon in the Pilot Hill area of El Dorado County.
Nothing but rubble remains of the McCombs home that was destroyed by the Kearny Fire. All their kids' toys, a wedding dress, memories and everything that meant something to them are completely gone.
All evacuation orders were lifted for a grass fire in rural Nevada County, west of Penn Valley, on Tuesday.
The Van Fire was reported Wednesday northeast of White Rock Road in Cathey's Valley, and north of Eastman Lake. The cause of the fire remains under investigation.
Their message is simple: keep showing up, keep moving and keep your heart open, because sometimes, the person who changes your life is living right across the street.
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.
Sacramento is putting on an urban biking and scooting workshop in the Valley Hi neighborhood. It comes as e-bikes are growing in popularity, but many people still aren't following the rules.
Conor McGill reports.
Darrielle Fair reports.
Steve Large reports.
There are questions and confusion over a plan to create new re-entry housing for recently released prisoners in a Sacramento County neighborhood.