Federal Reserve holds interest rates steady, trims economic growth outlook
CBSN
The Federal Reserve held its benchmark interest rate steady on Wednesday, with investors now waiting to hear from Chair Jerome Powell for further clues on the direction of monetary policy and the state of the U.S. economy.
"Uncertainty around the economic outlook has increased," the Fed stated in its announcement.
Investors had signaled virtually no chance of the Federal Open Market Committee (FOMC), the central bank's rate-setting panel, lowering interest rates this month. But President Trump's aggressive trade policies, which have triggered concerns about economic growth, have also amplified uncertainty for financial markets.
Tesla, whose pioneering electric vehicles were once a symbol of forward-thinking sustainability, increasingly finds itself the target of public furor.
Masked and heavily armed men have circulated a video denouncing people searching for missing relatives at the site of what authorities said was a cartel training camp in the western Mexican state of Jalisco.
Colorado regulators are issuing licenses for providing psychedelic mushrooms and are planning to authorize the state's first "healing centers," where the mushrooms can be ingested under supervision, in late spring or early summer.
Two men charged after 53 immigrants died in the back of a sweltering tractor-trailer with no air conditioning were found guilty Tuesday after a two-week trial. The 2022 tragedy in San Antonio was the nation's deadliest smuggling attempt across the U.S.-Mexico border.
A federal judge on Tuesday temporarily blocked a move by the Environmental Protection Agency to cancel more than $20 billion in climate grants awarded under the Biden administration, stating that the EPA had failed to provide sufficient evidence the grants were examples of waste and fraud.
Bobbie and Gerald Watkins planned to live out the rest of their lives in their Palisades home. Bobbie is 88 and Gerald, a holocaust survivor, recently turned 97.
A Columbia University student and green card holder arrested by U.S Immigration and Customs Enforcement in New York City over his involvement in the pro-Palestinian campus protests made his first public remarks since being taken into custody earlier this month, in which he described himself as a "political prisoner."
Washington — The Trump administration on Tuesday evening released tens of thousands of pages of government documents related to the 1963 assassination of President John F. Kennedy, weeks after President Trump ordered government agencies to unveil their JFK files to the public.
A Hollywood writer-director was arrested Tuesday on charges that he swindled $11 million from Netflix for a sci-fi show that never aired, instead steering the cash toward cryptocurrency investments and a series of lavish purchases that included a fleet of Rolls-Royces and a Ferrari.
A Louisiana woman faces a charge of second-degree murder in the killing of a sports reporter found in his hotel in New Orleans during Super Bowl week, the Kenner Police Department said.
At least five Tesla vehicles in Las Vegas were damaged early Tuesday in a "targeted attack" with two vehicles fully engulfed in flames and others shot at with guns, authorities said.
The U.S. Food and Drug Administration will step up its testing for heavy metals in infant formula and review nutrients required in the products used to feed millions of babies, the agency and the U.S. Department of Health and Human Services announced on Tuesday.
Mexico is handing over one of the FBI's Ten Most Wanted Fugitives to the United States after his arrest in Veracruz, officials said.