
Fed's Powell shrugs off trade worries
The Federal Reserve chair was bullish on the economy, saying the typical worker is better off now than a year ago
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The Federal Reserve chair was bullish on the economy, saying the typical worker is better off now than a year ago
The Fed's interest rate hikes are leading to higher rates for your cash, but you have to know where to look
Fed chief Jerome Powell faces new pressure to raise rates thanks in part to President Trump's trade and tax actions
Central bank notes heightened uncertainty about U.S. trade policies, saying some companies curtailing spending as a result
The banks will have to keep their dividend payouts at current levels after the Federal Reserve's annual stress test
Finally, some noticeable rise is filtering into the wallets of consumers, and the best rates are at internet banks
The Federal Reserve raised a key interest rate another quarter-point on Wednesday. The federal funds target rate, which is now between 1.75 and 2 percent, is the highest it's been in nearly a decade, indicating that the nation's central bank has confidence the economy will continue to expand.
And that was before the Fed's latest hike, meaning consumers can look forward to even higher payments
The Federal Reserve says a "resilient economy" is one reason why it's raising a key interest rate for the second time this year. The central bank increased the short-term rate a quarter point on Wednesday to a range of 1.75 to 2 percent. The Fed also predicts four rate hikes this year after an earlier forecast of three. CBS New business analyst Jill Schlesinger joins "CBS This Morning" to discuss what this means for you.
Borrowing costs are likely going up again, with monetary policy makers expected to raise rates on Wednesday
If you're concerned about your credit history, you are not alone. According to the Federal Reserve, Americans owe more than a trillion dollars in credit card debt. Marcus Garrett, host of the podcast Paychecks and Balances, joins CBSN with tips on how to rebuild your credit.
April's report is a good sign of stronger second-quarter GDP growth, along with inflation at the Fed's target level
The rule was crafted to prohibit banks from using customer deposits to fund risky trades
Many Americans can't afford to pay their bills, see a doctor or cope with a minor financial emergency
Credit card delinquencies, a possible leading indicator, are just one category that's showing the pressure
With the benchmark 10-year Treasury at a 7-year high, borrowing costs are rising, while home prices also climb
Neither Apple's strong results nor a "dovish" Fed policy statement can allay Wall Street's rising rate worries
Consumer prices are finally growing at 2 percent a year — a target that has eluded the central bank for years
So far this year, stocks have turned in a disappointing performance, and that suggests trouble right about now
Despite a strong first-quarter earnings season, the prospects of faster Fed tightening are keeping stocks down
Though March's one-month pace was slightly down from February, year-over-year prices showed a big jump
CEO of nation's largest bank says financial firms and government should work more closely to protect financial system
Monetary policymakers say U.S. economy is gaining speed, move to hike rates for the first time this year
Wall Street, especially tech stocks, has overcome Trump's tariffs -- but the Fed's removal of stimulus will continue
With the weight of the U.S. economy falling largely on his shoulders, Scott Pelley speaks with Federal Reserve Chairman Ben Bernanke; Lesley Stahl profiles Alice Waters and her "slow food" revolution; And, Andy Rooney on the era of newspapers.
X's AI chatbot Grok, the AI-search engine Perplexity and Google's AI summaries all provided false information in the aftermath of Charlie Kirk's assassination.
Erika Kirk, the widow of Charlie Kirk, speaks out for the first time since her husband's death on Wednesday.
An ICE agent shot and killed a man in Franklin Park, Illinois, Friday morning after authorities say he attempted to drive into agents as they tried to make an arrest.
Conservative activist Charlie Kirk was shot and killed on Wednesday while speaking an event at Utah Valley University.
A U.S. Secret Service agent who wrote a negative social media post about Charlie Kirk has been put on leave, U.S. officials said Friday.
Missouri is the third state to seek to redraw its congressional maps ahead of next year's midterms.
The Justice Department filed a $125 million lawsuit against Uber, alleging the company discriminates against disabled passengers.
Conservative activist Charlie Kirk died Wednesday after he was shot at an event at Utah Valley University. Officials say a suspect is now in custody.
Fourteen animal shelter workers were evacuated and went to the hospital. The shelter's 75 dogs and cats were relocated or put into foster homes.