<div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1U1z3m_0ukH1js900" alt="https://img.particlenews.com/image.php?url=1U1z3m_0ukH1js900" width="1200" height="630" ><p>The Federal Reserve on Wednesday maintained its benchmark interest rate even as inflation has cooled. CBS News business analyst Jill Schlesinger explains when to expect the Fed to cut rates.</p><nbtemplate data-id="AdPlaceholder" data-content="JTdCJTdE"></nbtemplate></div>

Columbus, OH

New York Post

The Federal Reserve as expected kept decades-high interests rates unchanged on Wednesday — but Fed Chair Jerome Powell gave the strongest signal yet that a possible cut “could be on the table” for September.

Powell’s remarks at his press conference following the end of the Fed’s latest two-day policy meeting appeared as an affirmation of a coming pivot that was partly reflected in the central bank’s new policy statement.

“A reduction in the policy rate could be on the table as soon as the next meeting in September,” Powell said. “We’re getting closer to the point at which it’ll be appropriate to reduce our...

Federal Reserve keeps rates unchanged — hints at possible cut in September as inflation moderates

CBS News

Federal Reserve Chairman Jerome Powell will announce the agency's decision on interest rates Wednesday with cuts not yet expected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News to discuss the Fed.

Federal Reserve to make decision on interest rates

NBC News

An anticipated decision on interest rates is expected from the Federal Reserve, as many believe the Fed is poised to cut rates for the first time in years. Editor-in-Chief at Investopedia, Caleb Silver, explains what to expect from the Federal Reserve decision.

Federal Reserve could cut interest rates for first time in years

TheStreet

The Fed won't cut rates on Wednesday, but it's next move is getting closer.

Fed to signal timing of first interest rate cut as inflation slows

POLITICO

With the prospect of a rate cut in the coming months, Harris can at least argue that the economy is finally turning the corner on inflation.

Fed's Powell signals inflation fight is nearly over, in boon to Harris

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

President Biden thanked the U.S. allies involved in the historic prisoner swap deal announced Thursday. Three American citizens and one permanent resident were released as part of the deal. CBS News chief White House correspondent Nancy Cordes reports from the White House, and CBS News campaign reporter Nidia Cavazos has more on Vice President Kamala Harris' role in the negotiations.

Biden thanks allies for prisoner swap deal, Harris involved in critical meetings

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Massachusetts State

CBS Boston

BOSTON - COVID numbers are rising again in Massachusetts, with the number of cases climbing at a high rate.State wastewater data shows the rate in Massachusetts is more than twice the national average. That's based on testing done at the end of July. National numbers are also higher than normal.Massachusetts is among the 19 states in the CDC's "very high" range. The rest of New England is also in that range. Emergency room visits are at their highest rates since February.This is the most COVID activity in Massachusetts since last winter.Why is COVID spiking again?Dr. Mallika Marshall said the coronavirus...

COVID rate more than twice the national average in Massachusetts

Arizona State

Tucson, AZ

The number of migrant apprehensions have dropped dramatically since the beginning of the year. Adam Yamaguchi visited the U.S.-Mexico border near Tucson, Arizona, to find out what's working.

Why Border Patrol agents are seeing a drop in migrant apprehensions

California State

San Diego, CA

The Park Fire in California has been raging for a week, destroying homes and forcing thousands to evacuate. In southern California, a new wildfire exploded near San Diego. The Nixon Fire has burned nearly 5,000 acres and has also forced evacuations.

New wildfire explodes in California as efforts continue to contain Park Fire

CarShield will pay $10 million to settle charges that its advertisements and telemarketing for its extended auto warranty plans are deceptive and misleading, the Federal Trade Commission said. Many customers found that repair claims were often not covered despite making payments of up to $120 per month, the FTC said Wednesday. The FTC also alleged that CarShield's celebrity and consumer endorsers made false statements in its ads, such as "you'll never pay for expensive car repairs again."The FTC complaint states that CarShield advertises and sells vehicle service contracts in a monthly price range of about $80 to $120. Its ads...

CarShield fined $10M for deceptive advertising charges

SACRAMENTO – California Gov. Gavin Newsom announced on Wednesday that he has signed an executive order that aims to jumpstart infill housing development projects. The executive order was coupled with a $94 million award to 15 counties to also support building on infill sites. Newsom's action comes as part...

California Gov. Gavin Newsom signs executive order to boost infill housing development on vacant lots

Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."

"CBS Evening News" headlines for Thursday, Aug. 1, 2024

Pennsylvania State

Butler, PA

New video appears to show the shooter who targeted former President Donald Trump on top of a building moments before he fired at a campaign rally in Butler, Pennsylvania. CBS News' Nicole Sganga reports.

New video shows moments before Trump rally shooting

A prisoner exchange with Russia on Thursday has freed journalist Evan Gershkovich and U.S. Marine Paul Whelan. Julia Ioffe, founding partner and Washington correspondent for Puck News, joins "America Decides" to look at the role Vice President Kamala Harris played in their release.

Analyzing Kamala Harris' views on foreign policy

Kentucky State

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Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Heat and humidity levels could dampen efforts to contain the Park Fire in Northern California as firefighters work to push back flames. CBS News senior national and environmental correspondent Ben Tracy has more.

Park Fire nears another devastating record in California

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

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  All eyes turn toward the Federal Reserve today as they meet to discuss the future of the economy and the interest rate climate. While a reduction to the federal funds rate, which affects what lenders offer borrowers, isn't expected after their meeting on Wednesday, it's appearing more likely to occur in September. While that will be welcome news for borrowers coping with high rates on everything from mortgages to credit cards, it will likely mark the end of this...

Why you should deposit $5,000 into an 18-month CD now

The Federal Reserve on Wednesday maintained its benchmark interest rate even as inflation has cooled. CBS News business analyst Jill Schlesinger explains when to expect the Fed to cut rates.

Fed maintains benchmark interest rate despite inflation cooling

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