Latest in Fed’s Rate Move
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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 -
4 mortgage interest rate scenarios that could occur in 2025
Many experts predict a gradual decline in mortgage rates next year, but other scenarios could play out.CBS News - Dec. 5 -
Why a ‘robust’ jobs report for November probably wouldn’t derail Fed rate cut
A “decently robust” U.S. jobs report on Friday probably wouldn’t derail the Fed from delivering an interest-rate cut this month, according to BlackRock’s Russ Brownback.MarketWatch - Dec. 5 -
South Korea's opposition parties move to impeach president
After South Korean President Yoon Suk Yeol shockingly declared martial law on Tuesday, opposition parties Wednesday sought to impeach him. While South Korea's reputation as a democratic stronghold ...CBS News - Dec. 4 -
Liverpool player ratings: Alexander-Arnold, Salah star in thriller vs. Newcastle
Mohamed Salah continued his flying form to help Liverpool come from behind and draw Newcastle United.ESPN - Dec. 4 -
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 -
Everything to Know About South Korea’s Martial Law and How It Moved Markets
Korean stocks like Samsung and Coupang tumbled, while the local currency also weakened against the dollar.Inc. - Dec. 4 -
EU condemns reported Taliban move to suspend medical education for women and girls
The European Union has condemned the Taliban for violating human rights and women’s access to education after media reports that the Taliban’s leader has ordered private and public institutions to ...ABC News - Dec. 4 -
New motorsports leadership executives introduced as Andretti Global moves on without Andretti
The Associated Press has learned that two longtime NASCAR executives have been introduced at Andretti Global as part of the restructuring now that Michael Andretti has stepped asideABC News - Dec. 4 -
Interest rates forecast to be higher for longer due to Budget
Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.BBC News - Dec. 4 -
Central banks should tread cautiously with rate cuts, says OECD
Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludesFinancial Times - Dec. 4 -
South Korea President Lifts Martial Law After Parliament Rejects Move
Leader Yoon Suk Yeol’s reversal ended a tense night in Seoul.The Wall Street Journal - Dec. 3 -
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 -
High snow totals for U.S. as another system moves East
A break from the snow in the Northeast may come to a close as another weather system threatens parts of the U.S. CBS News' Rob Marciano looks at the weather impact.CBS News - Dec. 3 -
What drives home equity loan interest rates?
Wonder what impacts home equity borrowing rates? Here are the factors borrowers should be aware of.CBS News - Dec. 3 -
Modelo brewer Constellation Brands' sale of Svedka vodka is a positive move for the stock
Wine and spirits have been a consistent drag on the brewer's earnings.CNBC - Dec. 3 -
Biden Administration Moves to End a Minimum Wage Waiver for Disabled Workers
A plan by the Biden administration would phase out a provision that allows employers to pay workers with disabilities less than the federal minimum wage.The New York Times - Dec. 3 -
America’s Hidden Racial Divide: A Mysterious Gap in Psychosis Rates
Black Americans experience schizophrenia and related disorders at twice the rate of white Americans. It’s a disparity that has parallels in other cultures.The New York Times - 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 -
House Democrats move to oust aging committee leaders
Candidates for the positions have stressed the need to be able to effectively counter President-elect Donald Trump and Republicans in Congress.CBS News - Dec. 3 -
What's the home equity loan interest rate forecast for December 2024?
Will December be a good time to borrow from your home equity? Here's where rates could head this month.CBS News - Dec. 3 -
What's the mortgage interest rate forecast for December 2024?
If you're planning to buy or refinance a home this month, here's what mortgage rates could look like.CBS News - Dec. 3 -
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Transfer rumors, news: Man United move for Juventus star Yildiz
Manchester United are tracking Juventus midfielder Kenan Yildiz. Transfer Talk has the latest news, gossip and rumors.ESPN - Dec. 2 -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - Dec. 2 -
College football brawls after controversial flag moves
Several players for some popular college football teams around the U.S. took to fighting as a controversial flag move grows in popularity. USA TODAY's Dan Wolken joins CBS News with more on the ...CBS News - Dec. 2 -
Fed’s Waller says he supports interest-rate cut at next meeting — for now
Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.MarketWatch - Dec. 2 -
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 -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - Dec. 2 -
This move by the stock market’s ‘fear gauge’ is historically bullish for the S&P 500
Traders have been rushing in to buy stocks in the final hour of trading over the past two weeks, while a gauge of expected S&P 500 volatility has dropped sharply in the wake of the presidential ...MarketWatch - 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 -
A Second-Rate Crime Gets a Second-Rate Pardon
At least Joe didn’t make Hunter ambassador to a major international ally.The New York Times - Dec. 2 -
Preparing to retire in 2025? Make these 3 smart moves now
A secure financial retirement could be dependent on making these three moves now, before a 2025 retirement date.CBS News - Dec. 2 -
Here’s a surprising reason most boomers are worried about moving to a senior residence
A new survey points to the importance of quality meals as a key driver to win over older adults.MarketWatch - Dec. 2 -
Joe Biden criticized by some supporters for pardoning son Hunter: ‘Selfish move’
Some Democrats express disappointment in Biden for setting ‘bad precedent’ but others leap to his defence. Joe Biden has been criticised by some of his own supporters for issuing a pardon to ...The Guardian - 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 -
Will credit card interest rates fall this December?
Credit card rates are sitting at a record high right now, but will they drop lower this month? Here's what to know.CBS News - Dec. 2