Scott Horsley
Stories
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Federal Reserve votes to cut interest rates for a 3rd time
The Federal Reserve voted to cut interest rates Wednesday by another quarter percent, in an effort to prop up a sagging job market. Fed officials warned they'll be cautious about more cuts in 2026.
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A divided Fed cuts interest rates for third straight time
The Federal Reserve voted to cut its benchmark interest rate on Wednesday. This was the Fed's third rate cut since September, but policymakers signaled they expect to make fewer rate cuts next year.
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A divided Fed is expected to cut rates for a 3rd straight time
The Fed is expected to lower its benchmark interest rate by a quarter percentage point — but with inflation stubbornly high and mixed signals from the job market, it could be a split decision.
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China's trade surplus hits $1 trillion for first time ever
China's exports to the U.S. have dropped sharply this year, in the face of President Trump's tariffs — but the country is still finding plenty of customers elsewhere around the world.
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How consumers feel about the economy as the holidays approach
New numbers from the Commerce Department show inflation is still elevated, but it doesn't appear to be getting worse. The Federal Reserve is expected to cut interest rates next week by another quarter percentage point.
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Costco sues the Trump administration over tariffs
Costco has filed a lawsuit challenging the Trump administration's tariffs. The retailer joins other companies hoping to get a refund for the import taxes it's already paid.
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Thanksgiving weekend saw the lowest gasoline prices in more than four years
AAA says the average price of gasoline nationwide has dropped to just over $3 per gallon.
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Retailers eye holiday shopping season as consumers tighten belts amid uncertainty
The holiday shopping season is here, but a lot of shoppers are more cautious about spending as the Trump administration pleads for patience on the economy.
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Give thanks for the discounts: the feast will cost a little less this year
Shoppers can be thankful for discounts on turkey and stuffing this year. While overall grocery prices are up, this year's Thanksgiving meal should cost a bit less than last year's.
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Jobs Report offers mixed picture of the economy
U.S. employers added 119,000 jobs in September, but hiring was weaker than expected. That's according to a new report from the Labor Department, which was delayed because of the government shutdown.
