Federal Reserve's interest rate announcement: Here's what to expect
CBSN
All eyes are on the Federal Reserve as the central bank's rate-setting body debates how to deal with a prolonged bout of inflation that has soured consumers on the post-COVID-19 recovery.
The Fed's rate-setting body, the Federal Open Markets Committee, is wrapping up its last meeting of the year on Wednesday. Fed Chair Jerome Powell is set to give a press conference at 2:30 p.m. EST laying out his outlook for the economy and the bank's upcoming policy changes that could include multiple small hikes in interest rates next year.
The woman accused of stowing away on a Delta flight from New York to Paris was arrested again, this time while reportedly trying to get into Canada.
Argentina's President Javier Milei is likely to attend President-elect Donald Trump's inauguration in January, according to an Argentine diplomatic official. While his attendance has not been confirmed publicly, the official said all signs point to Milei traveling to Washington, D.C., for the swearing-in ceremony.
President-elect Donald Trump's criminal conviction in state court remains on the books Monday, after a New York judge rejected an effort by Trump to have the case tossed based on a landmark Supreme Court ruling.
Most Americans may consider the standard retirement age to be 65, but the so-called "full retirement age" for Social Security is already older than that — and it's about to hit an even higher age in 2025.
Artificial intelligence-enabled voice cloning tools have made it easier for criminals to mimic strangers' voices and dupe victims into handing over large sums of money.
Washington — TikTok and its parent company ByteDance have asked the Supreme Court to temporarily pause a law that would ban the app in the U.S. as soon as Jan. 19.
The Federal Reserve on Wednesday will make its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.
Supreme Court Justice Ketanji Brown Jackson swapped her judge's robes for a Broadway costume Saturday night, stepping onto the stage for a one-time performance in the hit musical comedy "& Juliet." The sold-out audience was treated to a special moment as Jackson made her Broadway debut, impressing both her fellow performers and the crowd.
Airline travel in 2025 is set to become more dignified for passengers with disabilities under a new Department of Transportation rule.
Washington — President-elect Donald Trump said Monday that his new administration will challenge a deal reached between the Social Security Administration and its union that would allow employees to continue teleworking into 2029.
Japanese tech conglomerate SoftBank plans to invest $100 billion in the U.S. and create 100,000 jobs in artificial intelligence and technology, President-elect Donald Trump announced Monday at Mar-a-Lago alongside SoftBank CEO Masayoshi Son.