Latest in Forecast Cuts Rates
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Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.CBS News - Jan. 10 -
California fires weather forecast: Red flag warning to end Friday night
Strong Santa Ana winds are hitting fire-ravaged Los Angeles on Friday morning, but the winds will relax later in the day and the red flag warning will end Friday night.ABC News - Jan. 10 -
U.S. economy adds 256,000 jobs in December, unemployment rate at 4.1%
The final jobs report of the Biden administration has been released. It shows that the U.S. economy added 256,000 jobs in December and that the unemployment rate came in at 4.1%. NBC News’ ...NBC News - Jan. 10 -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - Jan. 10 -
Heavy Snow and Ice Is Forecast for Southern U.S. on Thursday and Friday
Parts of Texas, Oklahoma and Arkansas began to see snowfall on Thursday as Southern states stretching to the Carolinas brace for the storm to reach them on Friday.The New York Times - Jan. 9 -
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.NBC News - Jan. 9 -
Wild-card weekend preview: Players and prop bets to watch | Yahoo Fantasy Forecast
It's wild-card weekend in the NFL and there's so many juicy matchups to sink our teeth in. Matt Harmon and Scott Pianowski preview each of the six games to determine the players and, most ...Yahoo Sports - Jan. 9 -
What's a good home equity loan interest rate in 2025?
With the interest rate climate changing again, it helps borrowers to know what a good home equity loan rate is now.CBS News - Jan. 9 -
Fed Governor Bowman says December interest rate cut should be the last
Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.CNBC - Jan. 9 -
Why two Fed officials doubt the need for many more rate cuts
One official warned that “progress on inflation could continue to stall.”MarketWatch - Jan. 9 -
Uncertainty Over Trump’s EV Policies Clouds 2025 Forecast for Carmakers
Possible tariffs and an end to a $7,500 tax credit are only two factors that could affect automakers’ plans as the new administration assumes power.Inc. - Jan. 9 -
30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.The New York Times - Jan. 9 -
U.N. Raises Global Growth Forecast, but Warns of Potential Inflation Risks
An increase in trade barriers would likely reignite price pressures, the organization says ahead of Trump’s plan to impose new tariffs.The Wall Street Journal - Jan. 9 -
Cutting out alcohol for "Dry January"
Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.CBS News - Jan. 9 -
4 in 10 companies planning job cuts due to AI: Survey
Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...The Hill - Jan. 9 -
December jobs report forecast is 155,000. But here’s the number investors really should watch.
Rising unemployment prodded the Federal Reserve to cut interest rates last fall despite lingering inflation — and the jobless rate could still be the deciding factor for future rate cuts.MarketWatch - Jan. 9 -
Musk: Cutting $2T through DOGE ‘best-case outcome’
Tesla CEO Elon Musk said Wednesday that the best-case scenario would be to make $2 trillion in cuts to federal spending through the "Department of Government Efficiency" (DOGE) he is co-leading. “I ...The Hill - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft said it's cutting a small percentage of jobs across departments, based on performance.CNBC - Jan. 9 -
California wildfire forecast: LA under critical fire risk with gusty winds forecast
High pressure is building from the north and that will help to tighten the pressure gradient over southern California, producing more gusty winds.ABC News - Jan. 9 -
Lighter winds forecast for the Los Angeles area through Thursday may help firefighters
Santa Ana winds will still be strong enough to carry wildfire embers as they ease through Thursday. There are further strong wind gusts expected for Friday morning. KNBC meteorologist Belen de Leon ...NBC News - Jan. 9 -
U.S. Efforts to Cut Emissions Stalled in 2024 as Power Demand Surged
After staying flat for nearly two decades, electricity use is starting to rise again, and the boom in wind and solar power hasn’t kept pace.The New York Times - Jan. 9 -
Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.The New York Times - Jan. 9 -
Fed officials saw need for ‘careful approach’ to future rate cuts
Minutes from December meeting show policymakers are concerned about US inflation risksFinancial Times - Jan. 8 -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - Jan. 8 -
What's a good CD interest rate in 2025?
CD rates have dropped, but they're still relatively high as 2025 begins. Here's what's considered a good rate now.CBS News - Jan. 8 -
Fed’s Waller sees cooler inflation despite higher forecasts
Federal Reserve Governor Christopher Waller doubled down on more rate cuts and cooling inflation following higher price projections from the central bank and growing expectations among investors ...The Hill - Jan. 8 -
Latest weather forecast as massive California wildfires spread
The strong winds fueling the wildfires in Los Angeles County spread quickly and led to thousands of evacuations. CBS News Los Angeles teams break down how the fires took over, and CBS News Bay Area ...CBS News - Jan. 8 -
What factors drive mortgage loan interest rates?
The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.CBS News - Jan. 8 -
The Secret Sauce to Fixing the N.B.A.’s Ratings Woes
Rivalries spark fireworks, and the league is desperate for a new one, a columnist for The Athletic writes.The New York Times - Jan. 8 -
Fed Minutes May Show Why More Rate Cuts Will Face Hurdles
After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.Inc. - Jan. 8 -
Tips for cutting down winter heating costs and electricity bills
From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...NBC News - Jan. 8 -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - Jan. 8 -
Egypt unveils ancient rock-cut tombs and burial shafts in Luxor
Egypt has unveiled several discoveries near the famed city of Luxor including ancient rock-cut tombs and burial shafts dating back 3,600 yearsABC News - Jan. 8