
The Federal Reserve is making a rate cut decision on Thursday. Here's the impact on your money.
CBSN
The Federal Reserve on Thursday is expected to cut interest rates for the second time this year, with the decision coming less than two months after its surprise jumbo cut in September.
The Fed is expected to shave borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to forecasts from economists polled by FactSet. That would bring the federal funds rate — the interest rate banks charge each other for borrowing money — down to a range of 4.5% to 4.75% from its current 4.75% to 5% level.
With the Federal Reserve's preferred inflation measure dropping to 2.1% last month, just shy of the Fed's 2% goal, the central bank is easing off the brakes it applied when inflation hit a 40-year high during the pandemic. High borrowing costs have made it more expensive to buy everything from homes to cars.

Washington — The Senate this week is taking up the massive budget package containing President Trump's second-term agenda, a measure that squeaked through the House with a one-vote margin, solely with Republican votes. Its path through the Senate seems destined to be similarly narrow, with the package almost certain to be revised, since parts of it are opposed by a handful of GOP senators critical to its passage.

This year, WorldPride is coming to Washington, D.C. A series of events, organized by the nonprofit InterPride, aims to bring visibility and awareness of lesbian, gay, bisexual, transgender and queer issues to an international stage. This year's location is leaving the community conflicted about showing up to the nation's capital amid an administration that has targeted them.

A suspect is in custody after what the FBI is calling a "targeted act of violence" at Pearl Street Mall in Boulder, Colorado, on Sunday. We are saddened and heartbroken to learn that an incendiary device was thrown at walkers at the Run for Their Lives walk on Pearl Street as they were raising awareness for the hostages still held in Gaza. My thoughts are with those injured and impacted by today's attack against a group that meets weekly on Boulder's Pearl Street Mall to call for the release of the hostages in Gaza.