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.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
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 Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
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.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
U.S. Senator Josh Hawley's bill comes as Americans have been saddled with more than $1 trillion in credit card debt.
Interest rates haven't been this high in nearly two decades. Buyers are forced to accept they can afford less home than just a few years ago.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
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.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
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.
The cost of borrowing has increased.
The Collin County Association of Realtors reports year-to-year median sales prices in Collin County are up nearly 20%, but homes are staying on the market longer.
Debt just became more costly for consumers – whether that's auto loans, credit cards, and in some cases home mortgages.
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
It's visually stunning and will cost billions of dollars to build.
The Amber Alert issued for a 14-year-old girl missing from Weatherford has been canceled, Texas DPS said.
One homeowner says instead of getting rid of his bill, he's now paying even more.
"It was actually Halloween weekend 1987," said Laura Burns.
It's visually stunning and will cost billions of dollars to build.
The Amber Alert issued for a 14-year-old girl missing from Weatherford has been canceled, Texas DPS said.
One homeowner says instead of getting rid of his bill, he's now paying even more.
Show off your home BBQ setup for a chance to win tickets to BBQ Homecoming 2026 in Grand Prairie and other prizes.
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
Nearly 300 railroad crossings used by school buses in Texas have a history of crashes.
Technology company SPAN wants to build thousands of tiny data centers and spread them across the country.
Critics of LifeWise say its business model puts too much of the burden on local communities.
Under SB 1049, school districts must allow students to leave campus during the school day for religious instruction.
SB 1049 compels school districts to allow students to leave campus for religious instruction during the school day.
Texas ex, RC Danle, reacts to the controversy involving Bo French's racially charged X post, which showed a photo of UT Austin students at a recent football game. Damle was the first Southeast Asian American to become the International President of a nationwide fraternity, for Delta Chi Fraternity. "For those that spoke up, thank you. For those that haven't, shame on you."
Jon Rosenthal, Democratic Candidate for Texas Railroad Commissioner, discusses the controversy surrounding his opponent, Bo French's, widely condemned post on X. The racially charged X post from French showed a photo of UT Austin students at a recent football game. He also discusses his campaign for office and priorities should he be elected.
The Supreme Court left intact a ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting, rejecting the Trump administration's effort to move forward with the rules in the midterms.
GOP Sen. Mitch McConnell of Kentucky returned to Capitol Hill on Monday for the first time in three months, ending a prolonged absence that sparked widespread speculation about his health.
Both conservative and liberal voices expressed alarm over the post, which showed a photo of UT Austin students at a recent football game.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported an increase in first-quarter sales Wednesday.
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.
Bimbo Bakeries USA employs over 20,000 people and has been headquartered in Horsham, Pennsylvania, for the past 17 years.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
U.S. officials have confirmed cases of a parasitic illness tied to lettuce in three more states: Georgia, Tennessee and Texas.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Dallas County health officials said the possible exposure happened during the 2025-26 school year, and that testing is recommended for returning students in grades 10-12.
Casting for Recovery was started by two women, a professional angler and a reconstructive breast surgeon, who recognized the healing powers of fly fishing.
The Republican Midterm Convention starts Wednesday at the American Airlines Center.
After a 2024 merger with Cedar Flags the combined company moved its headquarters to North Carolina.
The project would include a new Dallas Stars arena, along with restaurants, shops and public spaces.
It's an annual Dallas tradition, but this year those pink Cadillacs are parking in Fort Worth.
A fairly new entertainment and food venue in Allen surprised a lot of people last week by suddenly shutting down.
Jaxson Dart connected with Isaiah Likely for two touchdowns and Devin Singletary on another, and the Giants opened the season with a 28-20 win over the Cowboys on Sunday night.
Corey Seager homered for the fourth time in seven games and the Rangers won their first road series in two months with a 7-6 victory over the Arizona Diamondbacks.
Fans are hoping for a better season after missing the playoffs last season.
Germany's Alexander Zverev won his second Grand Slam after finally taking home his first major title earlier this year at the French Open.
Despite the final score, this one wasn't easy; the Americans faced their biggest deficit in the tournament in a long time.
The Metro Nashville Airport Authority board voted 6-0 on Friday to begin the process of changing the name and said a final name has not been chosen.
Stella Parton gives insight into her sister Dolly Parton's marriage, makeup habits and views on death in an exclusive CBS News interview.
Dolly Parton died in Nashville on Aug. 25 at the age of 80 — a shock to fans around the world who weren't aware of her illness.
Ben Shelton ended Carlos Alcaraz's title reign in the latest-finishing match in U.S. Open history, pulling out the victory in a marathon tussle that ended at 3:33 a.m. Wednesday.
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
