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Mortgage rates increase despite Fed's rate cut
The Federal Reserve announced its third interest rate cut of the year this week. But despite the good news for consumers, mortgage rates are still rising. Bankrate senior industry analyst Ted ...CBS News - 3h -
Ex-Pentagon official on drones: 'Feds have gotta be more open'
"The federal government is not being honest with the American people," said Lue Elizondo.The Hill - 16h -
Does the Fed know it’s Christmas time at all?
JPow leaves a lump of coal for the degensFinancial Times - 21h -
How the Fed's rate cuts will affect Americans directly?
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full ...CBS News - 1d -
Fed cuts interest rates, delivering relief for borrowers
The rate decision follows two consecutive months of rising inflation.ABC News - 1d -
Stocks plunge following Fed inflation projections
Major stock indices plunged Wednesday after the Federal Reserve signaled a slower pace of interest rate cuts for 2025 than previously forecast, renewing concerns about how fast inflation would fall.NBC News - 1d -
Fed cuts interest rate for third consecutive time
The Federal Reserve has announced a quarter-point cut to its key interest rate for a third consecutive time in 2024. NBC News' Brian Cheung has details on the decision and what it could indicate ...NBC News - 1d -
Bracing for a Fed Pullback on Interest Rates
Wall Street sees the central bank cutting interest rates on Wednesday. But growing worries about inflation are adding to investor uncertainty about its policy agenda for 2025.The New York Times - 1d -
Rep. Carlos Giménez: 'Drones pose a threat,' feds don't know anything
"The federal government hasn't the faintest idea what's going on with these drones," Giménez said.The Hill - 1d -
Mortgage rates inch up ahead of Fed meeting
Mortgage applications fell 0.7% in the last week, the Mortgage Bankers Association said.MarketWatch - 1d -
Recent drone sightings do not pose a security risk and aren't out of the ordinary, feds say
The Department of Homeland Security and other agencies said they "have not identified anything anomalous" in their investigation of the sightings.NBC News - 3d -
Drone sightings a combination of 'lawful' drones, other aircrafts and stars, officials say
Recent drone sightings include a combination of "lawful" drones, other aircrafts and stars, federal government officials said in a statement on Monday. In looking into "the technical data and tips ...The Hill - 3d -
Feds are moving to improve airline travel for people with disabilities
New rule is department's latest effort to improve commercial air travel for passengers with disabilities. Here's what's in it.CBS News - 3d -
Lawmakers react to mysterious drone sightings
The FBI and Department of Homeland Security say there is "no evidence of a current threat to public safety" or of foreign influence regarding the mysterious drones that have been spotted in at ...CBS News - 3d -
Jerome Powell and the Fed Head for Another Collision with Trump
Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to the White House.The New York Times - 3d -
Feds step in as number of states reporting drone sightings grows
The federal government is deploying new resources to address the mysterious wave of drone encounters along the East Coast. Police say two men were arrested for flying a drone dangerously close to ...NBC News - 3d -
Drone detection system supplied by feds en route to New York
The move follows a swathe of drones appearing across the northeast in recent days and weeks, with some drones spotted near military bases.The Hill - 3d -
Drone sightings prompt urgent call for feds to help solve mystery
Top New York political leaders are urging the federal government to deploy high-tech drone hunters to crack the mystery of who is behind numerous sightings.ABC News - 4d -
Will the Fed signal a pause in rate cuts?
Market Questions is the FT’s guide to the week aheadFinancial Times - 4d -
On the hunt for mystery drones
The search for answers grows as more mystery drones are spotted over New Jersey, New York, and a handful of other states. NBC News' Maya Eaglin reports.NBC News - 5d -
Gotta lotta bottle: doing the rounds with Britain’s last milkmen – photo essay
Their floats were once a regular sight, quietly whirring down the country’s streets, delivering daily pints. Photographer Maxine Beuret captures the vanishing world of electric milk floats (and ...The Guardian - 5d -
Doughnuts, drones and a dancer: Photos of the week
A selection of news photographs from around the world.BBC News - 6d -
Who monitors drones in the U.S.?
The laws surrounding drones in the U.S. may create confusion over their local, state and federal enforcement. Jonathan Rupprecht, a commercial pilot and drone lawyer, joins CBS News with more details.CBS News - 6d -
The Fed Is Stuck Fighting the Last War
Mired in a battle to contain surging prices, the central bank also needs to be nimble enough for the economic downturns to come, our columnist says.The New York Times - 6d -
Belichick leading underachieving North Carolina? Something's gotta give
Can the NFL's GOAT coach up the Tar Heels to football greatness? For UNC, it's a shot worth taking.ESPN - Dec. 12 -
Inflation Ticks Up, but Details Are Encouraging for the Fed
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024.The New York Times - Dec. 11 -
C.J. Gardner-Johnson embodied Philadelphia when he didn't come off field after injury: 'You gotta kill me'
Gardner-Johnson was in obvious pain in fourth quarter, but kept playingCBS Sports - Dec. 9 -
Why Powell and the Fed should pause interest-rate cuts in December
Some say November’s jobs data support holding monetary policy steady.MarketWatch - Dec. 7 -
Jobs report shows hiring surge as Fed weighs interest rate cut
The fresh data marks the first jobs report since the election of Trump.ABC News - Dec. 6 -
These Two Factors Could Set Up a Trump Clash With the Fed
If borrowing costs don’t drop and household costs remain high, the incoming president could turn his ire on the traditionally independent central bank.Inc. - Dec. 5 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Powell ‘not concerned’ over risks Trump will stifle Fed independence
US central bank chief says his institution has ‘broad support’ on Capitol HillFinancial Times - Dec. 4 -
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - Dec. 4 -
You gotta believe: Democrats must rediscover faith
The increasingly leftward lurch of the Democratic Party as a whole has alienated millions of people of faith and raises serious questions about the ability of our party to regain the White House in ...The Hill - Dec. 4 -
Fed commentary, Foot Locker, ADP jobs data: What to Watch
Federal Reserve Chair Jerome Powell will be releasing a fresh round of commentary alongside St. Louis Fed President Alberto Musalem and Richmond Fed President Tom Barkin. The central bank is set to ...Yahoo Sports - Dec. 3 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
Kids worked overnight shifts at pork processing plant, feds find
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux Falls, Iowa.CBS News - Dec. 2 -
Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - Dec. 2 -
Under Powell, the Fed Makes Monetary Policy Boring Again
The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic crisis recedes.Inc. - Dec. 2