Here's how the Fed's rate cut today may impact your finances
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Interest Rates
Fed lowers rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Why the Fed cut rates for first time in 4 years
The Federal Reserve cut interest rates by half a percentage point Wednesday after introducing several rate hikes throughout the pandemic. Martin Baccardax, chief markets correspondent for TheStreet, joins CBS News to explain the Fed's move.
Federal Reserve enacts first rate cut since 2020
The Federal Reserve lowered interest rates by half a percentage point Wednesday, more than expected. It's the first rate cut since the pandemic in 2020, and the largest cut since the 2008 financial crisis. Jo Ling Kent has more on what the move means.
Fed cuts rates in final stretch of 2024 race
The Federal Reserve lowered interest rates by half a percentage point on Wednesday, its first cut in more than four years. The decision came on a busy day for the Trump and Harris campaigns. CBS News' Jo Ling Kent, Nikole Killion and Aaron Navarro have the latest.
Biden economic adviser unpacks Fed rate cut
The Federal Reserve reduced its benchmark interest rate for the first time in more than four years on Wednesday. The move will directly impact the finances of millions of Americans. Jared Bernstein, chair of the White House Council of Economic Advisers, joins "America Decides" to discuss.
Here's how the Fed's rate cut could impact your credit card balance
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.
Federal Reserve cuts interest rates
The Federal Reserve has announced a cut to interest rates by 0.50 percentage points. This is the first cut to its benchmark interest rate since March 2020. CBS News business analyst Jill Schlesinger and Al Root, an associate editor at Barron's, break down the news.
Interest rates expected cut from the Fed
The Federal Reserve is expected to announce the first interest rate cut since 2020. CBS News business analyst Jill Schlesinger breaks down what economists predict may occur during today's announcement.
Previewing the Fed decision on rate cuts
The Federal Reserve is expected to cut interest rates Wednesday for the first time in four years, but how big could the cut be? CBS News contributor Javier David has a preview of the decision.
High prices, low inventory for new homes
Americans looking to buy or rent a new home are seeing higher prices and low inventory. CBS News senior business and technology correspondent Jo Ling Kent breaks down the latest in the U.S. housing market.
PPI data meets expectations
Wall Street opened with a bumpy start Thursday after the producer price index in August rose in line with expectations. CBS News contributor Javier David discusses how the data might affect the Federal Reserve's interest rate decision next week.
U.S. inflation drops to lowest level in years
Inflation cooled further in August, falling to a three-year low and cementing views that the Federal Reserve will soon start cutting interest rates. Martin Baccardax, senior editor and chief markets correspondent for the Street, joins to discuss.
Inflation eases ahead of expected rate cuts
The inflation rate dropped to 2.5% in August, according to the latest data from the Labor Department, a further sign that the Federal Reserve will enact interest rate cuts when it meets next week. Jo Ling Kent has details.
August CPI report shows 0.2% inflation rise
The Consumer Price Index rose 0.2% in August, the same as July, putting the 12-month inflation rate at 2.5%. CBS News contributor Javier David has a look at the numbers and what they might mean for interest rates.
U.S. employers add 142,000 jobs in August
The U.S. added 142,000 jobs in August, slightly below economists' expectations while unemployment decreased from 4.3% to 4.2%. CBS News business analyst Jill Schlesinger has more on what that means for the Federal Reserve's upcoming decision on interest rates.
Mortgage rates fall to lowest since April 2023. Here's where they're headed.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Fed Chair Jerome Powell signals "time has come" for interest rate cuts
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.
Real estate market, interest rates shift
The real estate market in the U.S. may see some movement when the Federal Reserve Board makes a decision on potentially cutting interest rates in September. CBS News contributor J.D. Durkin has more.
Inflation drops below 3% for first time since 2021
The Labor Department reported Wednesday that consumer prices rose just 2.9% in July, the first time the year-over-year inflation rate has dropped below 3% since March of 2021. However, despite the good economic data, for many Americans monthly expenses such as rent, auto insurance and electricity remain stubbornly high. Jo Ling Kent reports.
Inflation below 3% in new CPI report
Wednesday's release of the latest Consumer Price Index marks the first time inflation has been below 3% since 2021. CBS News contributor Javier E. David has more on the report and what it could mean for interest rates.
Key flags before stock market sell-off
The global stock markets sell-off that transpired Monday follows some key economic data reports that may have spooked some investors. CBS News senior business and technology correspondent Jo Ling Kent breaks down the other market flags about the U.S. economy to consider as a rebound appears to be developing.
Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
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