Here's when experts think the Fed could start cutting interest rates
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
The three major stock indexes fell more than one percentage point each Tuesday after a government report showed inflation remained stubbornly high in January. CBS News contributor Javier David joins to unpack the figures.
First, Fed Chair Jerome Powell: The 2024 60 Minutes Interview. Then, a report on the growing number of Chinese migrants crossing into the U.S. at the southern border. And, a look at how a sports betting boom is fueling concerns over problem gambling.
In an interview with 60 Minutes, chairman Jerome Powell said the Federal Reserve is working on regulations to prevent failures like Silicon Valley Bank.
In a rare interview, Federal Reserve Chair Jerome Powell signaled the U.S. is nearing a long-awaited shift toward cutting interest rates. He shared more on timing and what he's waiting for.
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and more. Scott Pelley reports.
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
The Federal Reserve is holding its first rate meeting of the year Wednesday, with interest rates expected to be left unchanged. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joined CBS News with more insight on the Fed's decision-making process.
The Federal Reserve is expected to wrap up its first rate meeting of 2024 on Wednesday. CBS News business analyst Jill Schlesinger breaks down what to expect and how the Fed’s interest rate decisions affect your finances.
The Federal Reserve kept its benchmark rate steady at its first meeting of 2024. Here's what it means for your money.
Regional banks are seeing steep drops in their 2023 fourth quarter profits after avoiding a crisis last year as inflation persisted. Gina Heeb, a Wall Street Journal reporter, joins CBS News with her take on the regional banking outlook.
The U.S. economy had a robust end to 2023, with the gross domestic product exceeding expectations, according to a new Commerce Department report. Axios chief economic correspondent Neil Irwin joins CBS News to discuss the 2024 economic outlook.
The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
New data on wholesale prices appears to indicate inflation may be moderating but has not yet cooled to the Federal Reserve's target. Greg Robb, an economics editor at MarketWatch, joins CBS News with insight on the new figures.
Inflation grew at an annual rate of 3.4% in December, higher than economists had predicted. The increase could impact whether the Federal Reserve chooses to lower interest rates. Higher prices and mortgage rates have also left many Americans struggling. Jo Ling Kent has more.
The labor market beat Dow Jones expectations in December with 216,000 jobs added, according to the latest labor report. The unemployment rate remained unchanged at 3.7%. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined CBS News to break down the numbers.
The Federal Reserve has signaled it may cut interest rates in 2024 as inflation cools. CBS News contributor Javier David breaks down how likely those cuts may be.
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
The president says he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial is set to continue for a second day Thursday.
Greene's move marked a reversal from a day earlier, when the Georgia Republican appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
Former Spirit AeroSystems worker Santiago Paredes was responsible for checking 737 Max fuselages before they were shipped to Boeing.
Wednesday's deadly weather comes after a series of deadly and powerful tornadoes struck the Midwest on Monday and Tuesday.
The judge overseeing former President Donald Trump's "hush money" trial gave Trump permission to attend Barron Trump's high school graduation later this month.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
Justice Department accuses Hyundai Capital America of failing to obtain court orders before repossessing service members' cars.
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial is set to continue for a second day Thursday.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
The judge overseeing former President Donald Trump's "hush money" trial gave Trump permission to attend Barron Trump's high school graduation later this month.
Wednesday's deadly weather comes after a series of deadly and powerful tornadoes struck the Midwest on Monday and Tuesday.
A sting, part of "Operation MetaPhile," led to the arrests of two men at the same New Mexico motel Tuesday.
Justice Department accuses Hyundai Capital America of failing to obtain court orders before repossessing service members' cars.
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
If it feels like everyone in New York City is richer than you, it's because they probably are.
The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial is set to continue for a second day Thursday.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
The judge overseeing former President Donald Trump's "hush money" trial gave Trump permission to attend Barron Trump's high school graduation later this month.
Greene's move marked a reversal from a day earlier, when the Georgia Republican appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
The Biden administration is planning to announce a new regulation designed to allow immigration officials to deport migrants ineligible for U.S. asylum earlier in the process.
Almost 650,000 people aged 18 to 64 died of a drug overdose from 2011 to 2021, researchers found.
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
The American Cancer Society is trying to find out why Black women have the highest death rate for most cancers.
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.
According to a new study, "vehicles are likely important sources of human exposure to potentially harmful" flame retardants.
Rescue work was turning into a victim recovery effort after an apartment building collapsed in South Africa, trapping dozens of construction workers.
Four flight attendants who worked at major international airlines and flew from the U.S. to the Dominican Republic were charged for allegedly smuggling drug money.
Prince Harry, the Duke of Sussex, is marking the 10th anniversary of the Invictus Games but his spokesman said he will not meet with his father, King Charles III.
The Olympic flame arrived in France aboard a 19th century tall ship to kick off a 7,500-mile journey to the Paris Summer Games.
Nearly 400 municipalities have been affected by the worst natural calamity ever to hit the state of Rio Grande do Sul in Brazil.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
"Grotesquerie" star Niecy Nash took to social media to show off her new co-worker, Travis Kelce, on the new horror-drama TV series by "American Horror Story" creator Ryan Murphy.
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
As part of AAPI month, "CBS Mornings" partnered with the organization Gold House to celebrate its A 100 list, which recognizes this year's most impactful Asian-Pacific leaders. One of the honorees is actor Hoa Xuande. You may recognize him for his lead role in the HBO show "The Sympathizer." He stars alongside Sandra Oh and Robert Downey Jr. Jo Ling Kent met the rising star, whose unlikely Hollywood journey shows no signs of stopping.
Billboard's Carl Lamarre joins "CBS Mornings" to discuss the heated feud between hip-hop artists Drake and Kendrick Lamar.
A new Microsoft report shows that 75% of workers now use artificial intelligence at their jobs. Jared Spataro, Microsoft's corporate vice president of AI at work, joins CBS News to discuss how the technology is changing workplaces.
Artificial intelligence has revolutionized how millions work and the same is true for militaries worldwide. Autonomous weapons systems are already on the battlefield in Ukraine and Gaza. Dr. C. Anthony Pfaff, research professor at U.S. Army War College, joins CBS News to discuss.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Santiago Paredes spent a decade doing final inspections on 737 fuselages for Spirit AeroSystems, one of Boeing's largest suppliers. He says he filed an ethics complaint when his managers asked him to speed up inspections about where he was finding issues, and when he was ignored, he eventually resigned. He spoke exclusively to Kris Van Cleave.
Jordyn Zimmerman is autistic and nonspeaking at 29, but she's still making her voice heard.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
Reported sightings of giant, toxic, invasive hammerhead flatworms are on the rise in parts of southeastern Canada. Experts say the worms can grow up to 3 feet long and pose a risk to children, pets and other small animals. Peter Ducey, PH.D. and distinguished teaching professor at SUNY Cortland, joins CBS News to discuss the worm.
When NASA added a tiny four-pound helicopter as a stowaway to its Mars 2020 lander, it expected the helicopter to fly five very brief flights in the thin Martian atmosphere. Yet, Ingenuity would far surpass all expectations.
Campus police discovered an assault rifle registered to the student, as well as several high-capacity magazines, ammunition and "hand-drawn images in a journal depicting a violent act."
A sting, part of "Operation MetaPhile," led to the arrests of two men at the same New Mexico motel Tuesday.
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
Four flight attendants who worked at major international airlines and flew from the U.S. to the Dominican Republic were charged for allegedly smuggling drug money.
A man was convicted in the 2001 murder of Amanda Gonzales, a U.S. Army soldier who was 19 at the time of her death.
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
United Launch Alliance decided to replace a suspect valve in the Atlas 5 rocket's upper stage, delaying launch to late next week.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner space capsule is set for a historic launch Monday night. CBS News space consultant Bill Harwood looks at the long-awaited mission into orbit, and what it could mean for the future of space travel.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
The Biden administration says it paused a shipment of bombs to Israel last week because of concerns that the Israeli military could use them in Rafah where more than one million civilians are sheltering. CBS News national security correspondent David Martin has the details.
The Biden campaign continued its focus on abortion rights Wednesday, with Vice President Kamala Harris speaking on the issue near Philadelphia. The stop comes as CBS News polling finds the presidential race is neck to neck in the Keystone State. Pennsylvania State Rep. Malcolm Kenyatta, Biden campaign adviser, joins CBS News' "America Decides" to discuss.
Seventeen states in the U.S. now ban abortions after six weeks of pregnancy or sooner, with some exceptions. Elizabeth Dias, national religion correspondent for The New York Times, joins "America Decides" to explain the history of six-week abortion bans and their increasing visibility.
The leaders of three large public school districts faced questions Wednesday from a House panel about antisemitism. They denied allegations they let the incidents run rampant at their schools. CBS News congressional correspondent Nikole Killion has details on the hearing.
A new Microsoft report shows that 75% of workers now use artificial intelligence at their jobs. Jared Spataro, Microsoft's corporate vice president of AI at work, joins CBS News to discuss how the technology is changing workplaces.