Fed lowers interest rates by 0.25 percentage points in first cut since 2024
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Federal Reserve
Fed cuts rates for first time in 9 months
The Federal Reserve announced it's lowering its benchmark interest rate by 0.25 percentage points. It's the first rate cut since December. CBS News' Kelly O'Grady
Fed cuts interest rates 0.25 percentage points
The Federal Reserve announced that it lowered interest rates by 0.25 percentage points, its first rate cut since December 2024. CBS News MoneyWatch correspondent Kelly O'Grady and White House correspondent Ed O'Keefe have more.
Will the Fed cut its benchmark interest rate?
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down the Federal Reserve's upcoming decision Wednesday on interest rates. The Fed is expected to cut rates for the first time this year. The decision impacts everything from credit cards to savings rates.
Will the Fed cut rates today? These charts may determine its decision.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
Reporter's Notebook: Behind the Fed's jargon
The Federal Reserve is expected to lower interest rates, and decisions that shape household budgets will be explained in woolly-mouthed Fed speak. "CBS Evening News" co-anchor John Dickerson explains.
Why the Fed is expected to cut rates
The Federal Reserve's upcoming rate decision is shaping up to be its most consequential of the year, with most economists predicting the first cut of 2025. Kelly O'Grady has more.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
How the Federal Reserve decision could influence mortgage rates
Experts say Americans shouldn't expect a further decline in mortgage rates immediately after the Fed's September meeting.
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Federal Reserve heads to September meeting
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Will Fed cut interest rates by half a point?
Revised data from the Bureau of Labor Statistics showed the U.S. economy added nearly a million fewer jobs for the 12 months that ended this past March than previously reported. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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Trump goes golfing amid economic slowdown concerns
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Miran makes case as for Federal Reserve role
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Hearing for Trump Federal Reserve board pick
Stephen Miran, President Trump's pick to join the Federal Reserve Board of Governors, is testifying on Capitol Hill. CBS MoneyWatch correspondent Kelly O'Grady breaks down Miran's remarks.
Hearing for Federal Reserve governor pick
President Trump's nominee to join the Federal Reserve Board of Governors, Stephen Miran, is testifying on Capitol Hill. CBS News' Kelly O'Grady reports.
Court rules most of Trump tariffs are illegal
A federal appeals court on Friday ruled that most of President Trump's global tariffs are unconstitutional. Plus, a federal judge heard arguments on Friday from Federal Reserve Governor Lisa Cook's lawyers for an emergency temporary restraining order to block President Trump from ousting her. CBS News White House reporter Aaron Navarro has more.
Dow Jones dips after new July inflation data
The Dow Jones fell on Friday after new data showed inflation remained mostly steady in July, but with some prices edging up. CBS News senior business and technology correspondent Jo Ling Kent has the details.
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Trump calls off Strait of Hormuz ultimatum as Iran receives U.S. message from mediators
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U.S. sent Iran a message via mediators as Trump says deal is possible, Iranian official says
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Markwayne Mullin confirmed as DHS secretary in 54-45 Senate vote
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Congress launches investigation into California hospice fraud
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2 pilots killed as plane and fire-rescue truck collide at LaGuardia Airport
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DHS funding talks in limbo after Trump insists GOP pass SAVE America Act
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DOJ guts office helping poorer immigrants obtain affordable legal aid, sources say
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Markwayne Mullin confirmed as DHS secretary in 54-45 Senate vote
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TSA lines at Houston airport a 3-floor nightmare amid staffing shortage
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