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.
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The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
A vintage banknote and an even older coin collectively sold for nearly $1 million at a multi-day bidding event in Dallas.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
On Wednesday, we'll see if interest rates will keep climbing, or stay the same.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Hitting "Date X" without raising the debt ceiling could lead the U.S. to default on its debt for the first time in its history.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
For the first time since 2018, the Federal Reserve is raising interest rates.
Real estate website RealtyHop has just compiled a list of least affordable US cities according to their data, and DFW ranks in as the 20th least affordable city in the country.
Joel Hayden Schrimsher, 19, pleaded guilty on Aug. 24 to conveying false or misleading information through the internet concerning the potential destruction of a federal building.
The Federal Reserve expects that as many as 15 million Americans will remain unemployed by year-end even as the economy continues recovering from the impact of the coronavirus.
The Federal Reserve of St. Louis estimates the nation's jobless rate could hit a staggering 32% within months.
In response to concerns over COVID-19, the Federal Reserve recently cut its benchmark interest rate to near zero.
A new report says the nation's four most-populated states carry the highest total amount of credit card debt, with Texas residents in the number two spot.
Overnight temperatures should feel comfortable in the 60's and you'll notice the first wave of drier air.
Dak Prescott and the Dallas Cowboys suddenly seem lost at home.
People can enjoy live entertainment on two stages, German beer, and take pictures with Weiner dog mascots.
A fire broke out at Silver Lake Marina in Grapevine Lake on Sunday, affecting at least five boats.
This week's full moon is called the Hunter's Moon. It's also a supermoon, which is expected to be the brightest one of the year so far.
Overnight temperatures should feel comfortable in the 60's and you'll notice the first wave of drier air.
Dak Prescott and the Dallas Cowboys suddenly seem lost at home.
People can enjoy live entertainment on two stages, German beer, and take pictures with Weiner dog mascots.
A fire broke out at Silver Lake Marina in Grapevine Lake on Sunday, affecting at least five boats.
This week's full moon is called the Hunter's Moon. It's also a supermoon, which is expected to be the brightest one of the year so far.
Mothers Against Police Brutality accuses DPD of a "half century of unaccountable police brutality."
A recent report lays out the role immigrants play in the city's labor force.
The now 18-year-old survivor said Texas law enforcement dropped the ball on her case.
As more seniors fall victim to financial scams, citizens and lawmakers search for stronger consumer protections.
Following an I-Team investigation, Sunnova Energy is facing legal action from nearly a dozen Texas families.
Trump is one point closer to Harris nationally in CBS News' polling than last month, and the decisive battleground states also remain effectively even.
The Harris campaign views the release as an opportunity to turn the conversation towards the physical health and mental acuity of her opponent, former President Donald Trump.
Jack Fink and Senator Ted Cruz talk border, abortion and the economy ahead of his debate against challenger Colin Allred. Cruz recently began a 53-stop bus tour across the Lone Star State, including stops in Tarrant County, where he lost in 2018 to Democrat Beto O'Rourke by just over 4,300 votes.
Jack Fink and Colin Allred talk border, abortion and the economy ahead of his debate against incumbent Senator Ted Cruz. Allred has been crisscrossing Texas and has spent a lot of time in the Dallas-Fort Worth area including a campaign stop in Dallas with the Chair of the Democratic National Committee, Jaime Harrison.
CBS News Texas is tracking the battleground states in the presidential race, and since last week, there has been some movement in the Real Clear Politics average of polls.
With new foods, such as the "Drowning Taquitos" and the "Beso de Angel," Tony's Taco Shop owners say they don't take their success for granted.
Latinas in Tech DFW started back up last year after the pandemic. They have lots of opportunities for Latinas to network, connect, and learn new skills.
Anchor Ken Molestina shows us how he makes his Cuban coffee for the CBS News Texas newsroom.
Del Olmo, who has played golf his entire life, recalls how rare the sport was for people like him growing up in Mexico City.
Rodriguez says his greatest accomplishments have been mentoring and teaching the next generation of bilingual journalists, with a 100% graduation and employment rate since he began in 2009.
As more seniors fall victim to financial scams, citizens and lawmakers search for stronger consumer protections.
Following an I-Team investigation, Sunnova Energy is facing legal action from nearly a dozen Texas families.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
Richardson residents continue to recover from storms that hit North Texas with winds that created debris and damages to homes.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
In 1974, a creative surgical procedure saved the career of L.A. Dodgers pitcher Tommy John after he tore his UCL. Today, an astonishing 35% of active MLB pitchers have had "Tommy John surgery." But more than half of the athletes getting the procedure are under 18.
Amid the usual orange and black of spooky season, Angela Fincher's house is decked out to raise awareness for breast cancer.
Fisher-Price is offering $25 to product owners who remove and destroy swing parts that increase risk of suffocation.
Some may say it looks easy, though one North Texas woman proves it takes grit.
Flu vaccine effectiveness in South America was 35% against hospitalization.
Seventeen thousand workers depend on those containers to arrive by train or truck transport inside southern Dallas County’s International Inland Port.
Following an I-Team investigation, Sunnova Energy is facing legal action from nearly a dozen Texas families.
Elliott Hill is a TCU graduate and currently serves on the school's board of trustees.
Chevron Corporation announced Friday it would relocate its headquarters from San Ramon to Houston, Texas before the end of the year.
The U.S. Olympic and Paralympic Committee filed a federal lawsuit this week alleging Prime, Logan Paul's energy drink company, of infringing on the committee's trademarks.
Dak Prescott and the Dallas Cowboys suddenly seem lost at home.
Before the Cowboys enjoy their bye week and attempt to get healthy, they focus on earning their first win in Dallas this season.
In March of 2026, a different sport will be speeding into town.
Dozens of men and women who serve our country gushed at a chance to meet a few Cowboys.
Effective on Dec. 31, Cynt Marshall will retire as CEO and will remain a consultant of the organization through December 2025.
One of the greatest actors of all time, Al Pacino's life might have turned out very differently, if not for his mother's determination, the faith of director Francis Ford Coppola, or his success at overcoming an addiction to drink. He talks about his new memoir, "Sonny Boy."
A judge in New York has set a 2025 trial date for rapper Sean "Diddy" Combs, who was arrested for sex trafficking, racketeering and conspiracy.
The 2024-2025 prime-time programming lineup of CBS Originals features three new dramas, two new comedies, a reimagined classic game show, special event programming and much more.
Cissy Houston performed alongside superstar musicians like Elvis Presley and Aretha Franklin.
The mother of Sean "Diddy" Combs released a statement Sunday defending her son against the federal charges and multiple allegations of sexual misconduct he is currently facing.
Check out photos of cars, trucks and SUV's on display this year at the Texas Auto Show at the State Fair of Texas.
We take a look back at Dallas Police Chief Eddie Garcia's time in Dallas.
Stars, stripes and plenty of fun in the sun is how Fort Worth celebrates the Fourth of July.
Severe storms made way across North Texas on May 28, leaving behind a path of destruction.
Damage from across North Texas that was left behind by two tornadoes on May 25.
