News

Fed Is Right to Wait on Rates, Says Hoenig
Former Kansas City Fed President Thomas Hoenig says the Federal Reserve is right keep interest rates where they are because there is so much uncertainty and there's plenty of liquidity in the market.
Fed’s Powell keeps rates where they are, defying Trump
Federal Reserve officials announced Wednesday that they will hold interest rates steady, ignoring repeated calls from President Donald Trump to dramatically lower borrowing costs. In fact, projections from the central bank’s policymakers suggest they’re less confident they will be able to significantly decrease rates than they were in March.
The Fed is set to make its next rate decision today. Here's what to expect.
The Federal Open Market Committee — the 12-member group that sets rate decisions — will meet on June 17-18. The FOMC's decision will be announced on Wednesday, the second day of the meeting.
Fed should consider cutting rates as early as July, official says
Fed Governor Christopher Waller's remarks come as President Trump is pressuring the Fed Chair Jay Powell to cut interest rates.
Federal Reserve's interest rate decision aligned with expectations: Michael Darda
Roth Capital Partners chief economist and market strategist Michael Darda discusses how the Fed's decision to leave interest rates unchanged could impact your wallet on 'Making Money.'
What Fed decision means for mortgage rates
For homebuyers, this means that mortgage rates are likely to keep hovering around the 7-percent mark for the foreseeable future. A majority of experts were expecting the Federal Reserve to leave its key interest rate unchanged on Wednesday,
Interest rate remains unchanged, Fed Chair says
The Federal Reserve held its interest rate steady on Wednesday for the fourth time despite political pressure to make cuts.
Fed holds rates steady, eyes Trump tariff risks and inflation
The Fed, helmed by Chair Jerome Powell, is expected to hold rates steady this month despite pressure from President Donald Trump to make cuts.
Fed Chair Holds Interest Rates Steady
In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged. We believe that the current stance of monetary policy leaves us well positioned to respond in a timely way to potential economic developments.
Fed holds interest rates steady, defying Trump
Four meetings and six months have elapsed since the Fed last adjusted interest rates. The federal funds rate stands between 4.25% and 4.5%, preserving much of a sharp increase imposed in response to a pandemic-era bout of inflation.
Fed Keeps Rates Unchanged After Trump Floats Appointing Himself to Chair
Inflation remains somewhat elevated." The Federal Reserve last cut interest rates in December. Despite increasing pressure from President Donald Trump, Chair Jerome Powell has refused to lower them further.
CBS News4mon
Talk of a "Feb 28 Economic Blackout" is spreading on social media. What is it?
Lee is an editor for CBS MoneyWatch. She writes about topics ... adding that the Minnesota-based company was "so great" before it decided at the end of January to scale back its DEI programs ...
CBS Studios' EVP Casting Deborah Aquila Departs Amid Paramount Layoffs; CBS' SVP Late Night Nick Bernstein Exits As ‘After Midnight' Ends
EXCLUSIVE: Veteran casting director and executive Deborah Aquila, most recently EVP and head of casting for streaming series at CBS Studios, is leaving as part of the companywide layoffs at parent ...