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The Federal Reserve signaled interest rates could increase as soon as March. CBS News' business analyst Jill Schlesinger joins "CBS Mornings" to discuss what that increase could look like and the impact it will have.
The Federal Reserve is signaling it plans to begin raising interests rates soon. Officials are hoping the move will help ease inflation, which has risen to its highest level in decades. Dana Peterson, chief economist for The Conference Board, joins CBS News' Elaine Quijano to discuss.
The Federal Reserve signaled it plans to raise interest rates as early as March in an effort to curb inflation. Carter Evans takes a look at what that means for consumers.
Economists expect the Federal Reserve to start lifting rates as soon as its next meeting in March.
The Federal Reserve signaled it's getting ready to raise interest rates as soon as March but will keep rates near zero for now. Jared Woodard, the head of the research investment committee of Bank of America Global Research, joined CBS News at the closing bell to discuss the announcement.
Wall Street analysts expect the central bank this week to signal that it will raise interest rates starting in March.
Fears about rising tensions over Ukraine and the Federal Reserve's plan to curb inflation sent the markets into a free fall for much of the day. But the Dow and SP 500 rebounded by the end of the day, closing in positive territory.
The markets ended the first day of trading this week up slightly after a wild day of trading. Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company, joins CBS News at the closing bell to break down what's driving the market.
President Biden has vowed to tackle the rising rate of inflation in the U.S. But many Americans don't feel like his administration is doing enough, despite steady economic growth during his first year in office. Chief economist for Morning Consult John Leer joins CBSN's Lana Zak to discuss.
The Labor Department says inflation in the U.S. jumped 7% between December 2020 and December 2021. That's the biggest increase since 1982. Peter Morici, an economist and emeritus professor at the University of Maryland, joins CBSN's Lilia Luciano to discuss what the latest data means for our economy.
Inflation surged to its highest level in nearly four decades in 2021. The Consumer Price Index increased by 0.5% in December, for a total annual increase of 7%. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join CBSN to discuss the Biden administration's plans to combat inflation and what it means for Americans moving forward.
A new Department of Labor report reveals the U.S. added 199,000 jobs in December. The unemployment rate has fallen to 3.9%. This comes as the country confronts a surge in COVID-19 infections and rising inflation. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to discuss the current and future labor market.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the latest news out of the Federal Reserve meeting Wednesday. She will share how inflation is impacting the Fed's decision to pull back on the emergency policies it put in place during the pandemic and how likely interest rate hikes next year will impact consumers.
As inflation soars, the Federal Reserve says it could raise interest rates at least three times in 2022. CBS News senior White House and political correspondent Ed O'Keefe joins CBSN's Lana Zak to discuss that and more.
The Federal Reserve signaled that it may raise interest rates at least three times in 2022, hoping to ease the staggering inflation that has Americans paying more for just about everything. Ed O'Keefe has the details.
The Federal Reserve Chairman Jerome Powell announced new plans to battle rising inflation, ending the Fed's pandemic-era stimulus program earlier than planned. Barclays Chief Economist Michael Gapen joins CBSN's Elise Preston to discuss how Americans will be affected.
"The inflation that we got was not at all the inflation we were looking for," Fed Chair Jerome Powell said.
The Federal Reserve is rolling out a new plan to help fight rising inflation. CBS News reporter Sarah Ewall-Wice breaks down how this could impact Americans' everyday lives.
The pandemic has made it even more difficult for experts to predict job growth. Josh Mitchell, a staff reporter with the Wall Street Journal, joins Elaine Quijano on CBSN's "Red & Blue" to explain why.
Mohamed El-Erian, chief economic adviser for Allianz, says the "characterization of inflation as transitory is probably the worst inflation call in the history of the Federal Reserve."
Consumer prices rose 6.8% in November compared to a year ago -- the biggest increase in 39 years. Carter Evans has more on how it's affecting Americans.
President Biden traveled to Minnesota Tuesday to highlight aspects of his $1 trillion infrastructure plan. Mr. Biden's trip comes as concerns over the new COVID-19 variant, rising inflation and issues within the nation's supply chain threaten to derail his overall economic agenda. CBS News senior White House correspondent Weijia Jiang joins CBSN's Ed O'Keefe to discuss.
Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testified before the Senate banking committee Tuesday. They addressed top economic concerns including rising inflation and the approaching deadline to raise the debt ceiling. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" with more.
He tells Senate panel that the new COVID-19 variant could have an impact on economic activity and inflation.
A CBS News poll shows just 33% of Americans approve of President Biden's handling of inflation, with only 44% approving of the job he is doing overall. As CBS News' Skyler Henry reports, Mr. Biden is hoping to build economic stability by reappointing Jerome Powell for another term as Federal Reserve chairman. Alex Gangitano, a White House correspondent for The Hill, joins CBSN's Elaine Quijano to discuss how the economy could shape the future of Biden's presidency.
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
President-elect Donald Trump, who ran on mass deportation and harsher immigration policies, could inherit a border that is relatively quiet.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Erik and Lyle Menendez made their first Los Angeles court appearance in years after their lawyers requested that a judge review potential new evidence and consider resentencing their first-degree murder convictions for the 1989 killings of their parents.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
A white woman in Florida with a racist history will be sentenced on Monday for shooting and killing Ajike (A.J.) Owens, her Black neighbor, last year.
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
Service workers at Charlotte Douglas International Airport have gone on strike at the start of a busy week of Thanksgiving travel to protest what they say are unlivable wages.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Two CBS News correspondents conducted an experiment to see which was better at planning a trip — AI or a person. Here's what they found.
An Arkansas couple sacrifices their wedding fund to save an injured dog, while an 85-year-old teacher in New York continues to inspire generations of students with her passion for teaching.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Two CBS News correspondents conducted an experiment to see which was better at planning a trip — AI or a person. Here's what they found.
Workers at Amazon warehouses around the world plan to strike between Black Friday and Cyber Monday this week.
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
Biden said four years of Trump would become an "aberrant moment in time." Now his presidency is wedged between his rival's time in power.
About 20% of patients — as many as 1 in 5 — may not respond well to medications like Mounjaro and Wegovy, according to several obesity experts.
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?"
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.
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
Scuffles and fistfights broke out weeks after a deadly rail station roof collapse that ignited tensions in the Balkan state.
Police thought a shoe thief was on the loose at a kindergarten, until a security camera caught the furry culprit in action.
Trans performance artist Ling'er says she was forced to undergo electroshock treatments at a hospital in China that left her with a heart condition.
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
Authorities in Egypt say a luxury yacht that set off with 45 people from the Red Sea port of Ghalib for a week-long diving trip sank, with 28 rescued and 16 still missing.
"Wicked" led the box office with $114 million, while "Gladiator II" earned $55 million in a record-setting pre-Thanksgiving weekend. The combined success marks the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic. Rebecca Rubin, a senior film and media reporter with Variety, has more.
While "Gladiator II" earned $55 million at the box office domestically, "Wicked" soared with $114 million. It was the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic, with the two movies earning the nickname "Glicked."
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
One of the most successful computer games of all time is currently being developed by Apple as a forthcoming movie.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
More than one third of travelers says they've incorporated artificial intelligence into their travel planning, according to a recent survey. CBS News compared how efficient booking a trip with the help of AI is compared to doing the research yourself.
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.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
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.
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.
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.
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.
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.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.
There are three legal paths for the Menendez brothers to potentially leave prison after serving several decades for the 1989 killings of their parents. CBS News legal contributor Jessica Levinson breaks down the latest in their legal battle.
A white woman in Florida with a racist history will be sentenced on Monday for shooting and killing Ajike (A.J.) Owens, her Black neighbor, last year.
A suspect in the fatal shooting of a woman and her 4-month-old son inside a car in Hartford, Connecticut, was arrested in Puerto Rico, officials said.
Erik and Lyle Menendez made a remote court appearance Monday in their bid to be released from prison. They were convicted of first-degree murder in 1997 for the 1989 killings of their parents.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
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.
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.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
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.
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.
A judge is hearing arguments against The Onion's purchase of InfoWars as part of Alex Jones' efforts to retain power over the brand. CBS News' Janet Shamlian reports.
The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.
A growing number of voters think the economy is improving ahead of President-elect Donald Trump's second term in the White House, according to a recent CBS News poll. CBS News' Anthony Salvanto has more.
Special counsel Jack Smith is seeking to dismiss two federal cases against President-elect Donald Trump ahead of his second term in the White House. CBS News' Robert Legare and Caroline Polisi have more.
Holiday travel for the Thanksgiving weekend has begun and an incident at Boston's Logan Airport may delay some flights. This comes as Charlotte airport workers go on strike. WBTV's Mary Calkins reports.