Fed raises interest rates again
For the fourth time this year, the Federal Reserve has raised its benchmark interest rate in a bid to slow record-high inflation. Megan Cassella, a reporter for Barron's, joined CBS News' Lana Zak to discuss.
Federal Reserve
CBS Evening News, July 27, 2022
Fed hikes interest rates again amid recession fears; FBI honors 1st female special agents 50 years later
Fed hikes interest rates yet again
The Federal Reserve raised interest rates 0.75% on Wednesday. It's the fourth rate hike this year, aimed at curbing inflation while also preventing a recession. Naomi Ruchim reports on the news. Then, Major Garrett is joined by Adam Phillips, managing director of portfolio strategy at EP Wealth Advisors, to discuss what this could mean for the economy.
Biden tests negative for COVID-19, ends isolation
President Biden ended his isolation Wednesday after testing negative for COVID-19 both Tuesday night and again Wednesday morning. Sean Sullivan, deputy politics editor for campaigns at the Washington Post, joins "Red and Blue" to discuss the latest from the White House, including a potential deal with Russia to release WNBA star Brittney Griner.
Federal Reserve announces interest rate hike
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
What the Fed's latest interest-rate hike means for your money
"Extraordinary" rate hike comes on the heels of another sharp increase in June. That means debt is about to get more expensive.
Federal Reserve to hike interest rates
Economists and investors are bracing for another aggressive rate hike from the Federal Reserve today. The expected move would mark the fourth rate increase this year. Frances Stacy, the director of portfolio strategy for Optimal Capital, joins CBS News' Tanya Rivero and Christina Ruffini to discuss the central bank's upcoming meeting and its significance.
Fed to announce interest rate decision
The Federal Reserve is expected to announce the fourth interest rate increase of the year. They're hoping to curb inflation and prevent a recession. CBS News reporter Sarah Ewall-Wice joined Vladimir Duthiers and Jericka Duncan with a closer look at how another rate hike might impact American consumers.
Federal Reserve preps rate hike announcement
In an effort to curb inflation, officials at the Federal Reserve are looking to hike interest rates. Finance correspondent for Insider Aaron Wineman joins CBS News Mornings with what that could mean for American's wallets.
Federal Reserve expected to hike interest
The Federal Reserve is expected to hike interest rates for the fourth time since March in an effort to curb inflation and avoid a recession. Kris Van Cleave reports.
U.S. stocks tumble over fears of another Fed rate hike
Investors and economists are bracing for another possible interest rate hike as the Federal Reserve is set to meet this week. Dion Rabouin, a reporter for the Wall Street Journal, joins CBS News to discuss what another hike could mean for the U.S. economy.
Weighing the state of the U.S. economy
Lori Bettinger, the president and BancAlliance and former director of the Troubled Asset Relief Program, joins CBS News' Tanya Rivero and Lana Zak to discuss consumer spending, falling consumer confidence, the upcoming Federal Reserve meeting and recession concerns.
Federal Reserve hikes key interest rate by another 75 basis points
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Consumer confidence index falls again
The Conference Board's consumer confidence index fell for the third straight month in July as inflation and interest rate hikes discourage spending. Steve Odland, president and CEO of The Conference Board, speaks with CBS News' Tanya Rivero and Lana Zak about why consumers are worried.
Another Fed interest rate hike expected
The Federal Reserve is expected to raise its benchmark interest rate again to combat inflation. Matt Schulz, chief credit analyst for LendingTree, joined CBS News' Tanya Rivero and Nikki Battiste to discuss what Americans should know ahead of the Fed's decision.
Dollar down after hitting parity with the euro
The U.S. dollar continues to retreat after reaching the equivalence of the euro for the first time in two decades last week. Joe Rennison, markets reporter for The New York Times, joins "CBS News Mornings" to discuss what this means for the global economy.
Federal Reserve signals possible rate hike
The Federal Reserve is signaling it could again raise interest rates. Matt Luzzetti, senior U.S. economist at Deutsche Bank, speaks with CBS News’ Adriana Diaz on what this could mean for American consumers.
MoneyWatch: Global recession fears grow
Fears of a global economic downturn are growing as nations around the world react to inflation concerns. Peter Goodman, global economics correspondent for the New York Times, joins CBS News to discuss why he believes the COVID-19 pandemic remains the root cause of our current economic situation.
What a Fed rate hike of 1% would mean for your money
With inflation at a four-decade high, some economists are predicting the Fed will direct one of the biggest hikes since the 1980s.
Inflation hit 9.1% in June, highest rate in nearly 41 years
According to the Labor Department, inflation hit a fresh 40-year record last month with consumer prices increasing 9.1% over the last 12 months. CBS News correspondent Nancy Chen reports on how rising prices are affecting people across the country. Then, Joe Brusuelas, principal and chief economist for RSM, joins CBS News' John Dickerson to discuss the latest numbers.
7/13: Red and Blue
Inflation hits highest rate in 40 years; Rise in Los Angeles COVID cases
Fed rate hikes hurting would-be home buyers
The Fed has tried to ease inflation by raising interest rates, but that move is also shutting some would-be home buyers out of the housing market. New York Times Federal Reserve and economy reporter Jeanna Smialek explains how the Fed's actions are putting more pressure on renters.
Euro falls to equal the U.S. dollar
For the first time in 20 years, the U.S. dollar is equal to the euro. Here's why it's happening and what it means for American travelers in Europe.
MoneyWatch: Major stock indexes down Monday
Major stock indexes dropped Monday but Mark Hamrick, senior economic analyst at Bankrate, says the market is still rallying from losses earlier in the year and discusses why a recent inflation expectations report could be a good sign for the Federal Reserve.
Mick Mulvaney weighs in on the U.S. economy
Mick Mulvaney, former acting White House chief of staff, spoke to CBS News’ Catherine Herridge about the current state of the U.S. economy and why he believes a recession is "inevitable."
UATX launches, touting ideological openness and debate
The University of Austin, or UATX, is teaching its inaugural class of 92 college students. The school, with its focus on free speech, has been labeled by some as "anti-woke."
Poll: Trump starts on positive note as most approve of transition handling
Democrats say they're concerned or scared Trump will threaten their rights, but fewer than half feel motivated to oppose him.
Duckworth says Trump Pentagon pick is "flat-out wrong" about women in combat
Democratic Sen. Tammy Duckworth said that Pete Hegseth is "flat-out wrong" in his view that women should not serve in the military in combat roles.
Potential winter storms forecast across U.S. for Thanksgiving week
Forecasters have warned of another round of winter weather that could complicate travel around the Thanksgiving holiday.
A team of researchers has warned about "pink cocaine" for over a year
The death of music star Liam Payne has thrust "pink cocaine," sometimes also called Tusi, into the national spotlight. The National Drug Early Warning System predicted its rise back in 2023.
Congressional stalemate causing backlog in aid applications after Helene
Helene ransacked western North Carolina on Sept. 27, leaving a path of devastation, death and an economic calamity from which the state will need years to recover.
Bird flu found in raw milk on California farm, prompting recall
Health officials in California are alerting consumers of a voluntary recall of a batch of cream top, whole milk that was produced by Raw Farms, LLC, in Fresno County after bird flu was detected in a sample.
H.R. McMaster says coming months are "really critical" for Ukraine
Lt. Gen. H.R. McMaster said that Russia and Ukraine are both incentivized to make "as many gains on the battlefield as they can before the new Trump administration comes in."
Chuck Woolery, host of "Love Connection" and "Scrabble," dies at 83
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
U.S.
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A team of researchers has warned about "pink cocaine" for over a year
The death of music star Liam Payne has thrust "pink cocaine," sometimes also called Tusi, into the national spotlight. The National Drug Early Warning System predicted its rise back in 2023.
Connecticut couple charged in $1 million Lululemon theft operation
A couple from Connecticut is charged with allegedly orchestrating a retail theft operation that may have cost Lululemon as much as $1 million.
H.R. McMaster says coming months are "really critical" for Ukraine
Lt. Gen. H.R. McMaster said that Russia and Ukraine are both incentivized to make "as many gains on the battlefield as they can before the new Trump administration comes in."
Full transcript of "Face the Nation with Margaret Brennan," Nov. 24, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Rand Paul and Tammy Duckworth join Margaret Brennan.
Chuck Woolery, host of "Love Connection" and "Scrabble," dies at 83
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
MoneyWatch
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Hyundai, Kia recall more than 208,000 electric vehicles over power loss issue
Car dealers will inspect and replace the control unit and a fuse if needed, as well as update software.
Who is Scott Bessent? What to know about Trump's Treasury secretary pick.
If confirmed, Bessent would runn the department that manages the nation's finances as well as its tax agency, the Internal Revenue Service.
Trump selects Scott Bessent for Treasury secretary
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
Walmart must pay driver it accused of fraud $35 million, jury says
A jury ruled that Walmart must pay a former employee almost $35 million after finding that the retailer defamed him.
Eggs are getting scarcer and pricier ahead of the holidays. Here's why.
Highly Pathogenic Avian Influenza — also known as bird flu — is killing layer hens and reducing the nation's egg supply.
Politics
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Congress stalemate causing backlog in aid applications after Helene
Helene ransacked western North Carolina on Sept. 27, leaving a path of devastation, death and an economic calamity from which the state will need years to recover.
H.R. McMaster says coming months are "really critical" for Ukraine
Lt. Gen. H.R. McMaster said that Russia and Ukraine are both incentivized to make "as many gains on the battlefield as they can before the new Trump administration comes in."
Full transcript of "Face the Nation with Margaret Brennan," Nov. 24, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Rand Paul and Tammy Duckworth join Margaret Brennan.
Duckworth says Trump Pentagon pick is "flat-out wrong" about women in combat
Democratic Sen. Tammy Duckworth said that Pete Hegseth is "flat-out wrong" in his view that women should not serve in the military in combat roles.
Transcript: Rep.-elect Sarah McBride on "Face the Nation with Margaret Brennan," Nov. 24, 2024
The following is a transcript of an interview with Rep.-elect Sarah McBride, Democrat of Delaware, on "Face the Nation with Margaret Brennan" that aired on Nov. 24, 2024.
HealthWatch
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A study to devise nutritional guidance just for you
When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"
A study to personalize nutrition guidance just for you
From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there's growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: "What should I eat?" Correspondent Lee Cowan reports.
New treatments offer hope for older patients with a deadly cancer diagnosis
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
1 infant dead in California, 9 hospitalized in latest listeria outbreak
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
E. coli outbreak in St. Louis sickens 106, hospitalizes 2
More than half of the cases involve students, parents and guests of Rockwood Summit High School who attended events where food from Andre's Banquets and Catering was served.
World
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Former Israeli hostages mark 1 year since war's only release deal
The only truce in the ongoing Israel-Hamas war on Nov. 24, 2023 – fewer than two months after fighting began – led to the release of 80 Israelis held by militants in Gaza.
Gunmen in southeast Mexico open fire in a bar killing 6 and injuring 5
The shooting took place in the coastal province of Tabasco, which is struggling with a recent increase in violence.
Israeli strike kills Lebanese soldier as Hezbollah fires 185 rockets at Israel
Israeli strikes have killed over 40 Lebanese troops since the start of the war between Israel and Hezbollah, even as Lebanon's military has largely kept to the sidelines.
Gazan chefs cook up hope and humanity for online audience
Ten-year-old Chef Renad (who's gained a following on Instagram) and Hamada Shaqoura (who relies on humanitarian aid and crude cooking arrangements) educate while preparing meals in war-torn Gaza.
U.S Air Force says drones spotted near 3 bases in England last week
The drones were spotted between Wednesday and Friday near RAF Lakenheath, RAF Mildenhall and RAF Feltwell.
Entertainment
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Chuck Woolery, host of "Love Connection" and "Scrabble," dies at 83
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
What makes a martini a martini?
There are very few American inventions more American than the martini – a classic cocktail of gin and vermouth, garnished with lemon. But today, a martini's ingredients may be up for debate.
Mick Fleetwood plays to the future in Maui
Last year's horrific wildfires turned Lahaina into a disaster zone, and destroyed the Fleetwood Mac founder's club, Fleetwood's on Front Street. Today, Mick Fleetwood is determined to rebuild, saying, "There has to be music."
Mick Fleetwood plays to the future in Maui
As a young man, Fleetwood Mac founder Mick Fleetwood dreamed of a place – a club – where he could get his friends together. Twelve years ago, he made it happen in the west Maui city of Lahaina: Fleetwood's on Front Street. But last year's horrific wildfires turned Lahaina into a disaster zone, and destroyed his treasured club. Today, Fleetwood says he's determined to rebuild. Correspondent Tracy Smith reports.
"Sandwiches of History": Resurrecting sandwich recipes that time forgot
Every week on his blog, "Sandwiches of History," Barry Enderwick rescues sandwich recipes from the dustbin of history. He's now collected some of the unlikeliest (and even amazing) historical recipes in a cookbook.
Technology
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Technology
A new generation of shopping cart, with GPS and AI
At a Price Chopper outside Kansas City, shoppers are test driving the new Caper Cart, featuring digital screens, GPS, cameras equipped with artificial intelligence, and packaging scanners that spit out coupons. Correspondent Jonathan Vigliotti looks at the technology used to "reinvent the wheel" of the shopping cart.
Who has the best Black Friday tech prices?
Black Friday is almost here, but some of the hottest tech items are already on sale. CNET senior editor Lisa Eadicicco joins CBS News to discuss high-demand gifts and what retailers offer the best prices.
How AI powered robots are helping small farms
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.
AI grandma fights back against scammers
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
Australia could ban social media for kids
Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
Science
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Science
Dishing up space food
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
How are U.S. winters permanently changing?
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
Emperor penguin found on Australian beach released at sea after 20 days of care
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Crime
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Venezuelan gangs trying to recruit kids from migrant families, NYPD says
There is growing concern among the police over an increase in Venezuelan gang activity across New York City.
Law enforcement raises warning over "pink cocaine"
Law enforcement is raising alarm bells over a drug called pink cocaine. It doesn't actually contain cocaine, but is instead a combination of other substances. Tom Hanson has more on the spread of the potentially deadly drug.
Connecticut couple charged in $1 million Lululemon theft operation
A couple from Connecticut is charged with allegedly orchestrating a retail theft operation that may have cost Lululemon as much as $1 million.
Fugitive Kaitlin Armstrong caught after answering ad for a yoga instructor
When cyclist Anna Moriah "Mo" Wilson was murdered in Texas, U.S. Marshals assigned to the case used a unique tactic to track down her suspected killer in Costa Rica and bring the fugitive to justice.
$20 million settlement reached in death of woman fatally shot by officer
Teresa Gomez, 45, was fatally shot in 2023 after a Las Cruces police officer on a bicycle approached her while she sat in a parked car with another person, authorities said.
Space
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Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
Trump, Musk attend SpaceX launch
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Summer music heats up 2024
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Latest CBS News Videos
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Latest CBS News Videos
11/24: The Takeout: Sen. Joe Manchin
Sen. Joe Manchin joins "The Takeout" to discuss his political career and the state of American politics in 2024. Manchin provides insight on his disagreements with Democrats during Biden's presidency, why he left the party and how it can move forward after falling short this past election.
60 Minutes returns to Notre Dame
Next Sunday, 60 Minutes returns to the Cathedral of Notre Dame in Paris, bringing viewers a unique first look at the rebirth of one of the world’s great treasures.
Texas pie shop sees huge lines for Thanksgiving
Houston's Flying Saucer Pie Company has a devoted following, with people camping out overnight and lines up to half a mile long to get dessert for Thanksgiving. Janet Shamlian takes a look at what makes this shop so special.
Law enforcement raises warning over "pink cocaine"
Law enforcement is raising alarm bells over a drug called pink cocaine. It doesn't actually contain cocaine, but is instead a combination of other substances. Tom Hanson has more on the spread of the potentially deadly drug.
Thanksgiving travel ramping up
Some people are already getting a headstart on their Thanksgiving travel this weekend, as airports are expected to be packed as the week progresses. More than 70 million people are also expected to drive to their holiday destinations. Shanelle Kaul reports.