NASA’s “Hidden Figures” have been honored with the Congressional Gold Medal. Katherine Johnson, Dorothy Vaughan and Mary Jackson, who were honored posthumously, and Christine Darden were given Congress’ highest civilian honor on Wednesday. https://lnkd.in/eNwZ4XSP
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Updates
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In making its first interest rate cut in more than four years, the Federal Reserve went big — a decision that took some economists and policy experts by surprise, while also providing cheer to Wall Street and consumers eager for relief from high borrowing costs. Behind the Fed's decision to make a jumbo cut are its efforts to juggle its so-called "dual mandate" to maintain stable prices — in other words, to keep inflation low — and ensure full employment. But the cut also carries implications for the broader economy, as it will influence consumers' and businesses' decisions about everything from major purchases to saving. "The messaging from the Fed is inflation has slowed, and because of that we don't need rates at such high levels," Veronica Clark, an economist at Citi, told CBS News. "That will impact affordability for things like new homes, new cars or credit cards, and so the consumer will eventually feel the impact of lower rates." Here are 5 takeaways about Wednesday's jumbo cut.
The Fed just made a jumbo rate cut. Here are 5 takeaways on what it means for mortgages and more.
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Connie Chung broke down barriers in TV news to become the first Asian woman to co-anchor a nightly network news program. She reflects on her four-decade career in a new memoir, "Connie."
Connie Chung's secrets to her success: "Work hard, be brave, and take risks"
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The Federal Reserve said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as inflation-weary consumers are grappling with high rates on everything from mortgages to credit cards.
Federal Reserve lowers interest rates by 0.50 percentage points in first cut since 2020
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A range of stars from the stage, screen and sport paid tribute to former President Jimmy Carter ahead of his 100th birthday, the eclectic lineup meant to highlight the 39th president's emphasis on human rights and his love of music as a universal language.
"Jimmy Carter 100" concert celebrates former president's 100th birthday
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It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove decisive to the finances of millions of Americans. On Wednesday, the Fed is expected to reduce its benchmark rate, which currently stands at its highest point in 23 years, after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation. Here's what it means for your money.
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Five years ago, one in three American families could afford a starter home in 63 of America's largest 100 cities, CBS News found. Now, it's down to just 10 cities.
As more first-time homebuyers are priced out, what can revive the American starter home?
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Former New Orleans Saints player Steve Gleason and his wife Michel talked about how #ALS has changed their lives, relive his legendary 2006 punt block and more in an interview with David Begnaud. Through the process of losing muscle control, Gleason said he held on to the one thing he has control over: his mindset. "This body may be a prison but my mind is free," Gleason said.
Former NFL player Steve Gleason gets candid about ALS journey: "This body may be a prison but my mind is free"
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Millions of Americans are struggling to keep up with the rising rent, while buyers say the housing market is "nuts." What in the world is going on?
Affording a home in the U.S. increasingly seems like an impossible dream
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Inflation hit a 3-year low in August, further opening the door for the Fed to cut interest rates next week.
Inflation falls to 3-year low as Fed prepares to cut interest rates next week
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