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The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
The Federal Reserve could cut interest rates Wednesday afternoon, though early reports indicate there won't be any major reduction. For more on the announcement, CBS News was joined by Kristin Myers, editor-in-chief for ETF.com, a company that helps investors and advisers.
In a move to combat rising inflation, interest rates have soared to their highest in nearly a quarter-century. The Federal Reserve is concluding a two-day policy meeting today. Their decisions could significantly impact borrowing costs for consumers.
After two years of rate hikes, Americans are coping with higher costs for all kinds of loans. Here's what to expect from the Fed today.
Consumer prices climbed again in February, according to a new U.S. Bureau of Labor Statistics report. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss if the increase could change the Fed timeline for a rate drop.
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
Treasury Secretary Janet Yellen sat down with Jo Ling Kent in the battleground state of Michigan for an exclusive interview about the concerns many Americans continue to have about high prices. This comes after inflation rose again in January at a higher rate than expected.
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.
Toy stores and the toy industry are warning that his pledge to add tariffs to Chinese imports could harm their businesses.
Gunfire rang out at Phoenix Sky Harbor International Airport on Christmas night and left three people wounded, police say. Another was stabbed. One was in critical condition.
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Two people have been arrested and are facing charges of felony child abuse after a one-month-old baby was discovered in the median of a road Christmas morning.
The tragic incident on Tuesday when her family's SUV left the roadway, got caught in a drainage ditch near U.S. 75 and Taylor Street, and was carried away by strong currents.
Mobile phone footage circulating online appeared to show the Azerbaijani aircraft making a steep descent before slamming into the ground in a fireball.
Six people were hurt including a young boy when a taxi hit pedestrians in NYC's Herald Square on Christmas Day.
A corrections officer died after an assault by an inmate in an Ohio prison on Christmas morning, authorities say.
Four people were found dead on Christmas in Wakefield, New Hampshire from suspected carbon monoxide poisoning, the fire marshal said.
Gunfire rang out at Phoenix Sky Harbor International Airport on Christmas night and left three people wounded, police say. Another was stabbed. One was in critical condition.
Boxing Day 2024 is here, but not all Americans understand the meaning of the holiday celebrated in countries like the U.K. and Canada.
A corrections officer died after an assault by an inmate in an Ohio prison on Christmas morning, authorities say.
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
Defense lawyers say the former longtime CEO of Abercrombie & Fitch may have dementia, prompting a competency hearing.
Last-minute grocery items and gifts can be found on Christmas Day, but many retailers and chains may be closed today.
More than 5,000 workers were expected to take part in walkout that ends later on Christmas Eve, their union says.
Ryan Wesley Routh is being held in Miami awaiting trial in Fort Pierce.
President Biden signed legislation Christmas Eve to make the bald eagle officially the U.S. national bird.
Among the new laws signed by President Biden are Paris Hilton's bill to protect institutionalized teenagers and a bill to address hazing on college campuses.
Former President Bill Clinton was released from a hospital in Washington. D.C., on Christmas Eve, following an overnight stay for treatment of a fever and flu.
President Biden has signed the annual defense authorization bill into law.
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
The FDA has raised the level of a Costco egg recall, warning of the risk of severe illness or death due to potential salmonella contamination. Over 10,000 cartons of Kirkland brand organic eggs sold at stores across the South are affected. Customers are urged to discard or return eggs marked with Julian code 327 and a use-by date of Jan. 5, 2025.
With flu levels rising, Dr. Rabia De Latour shares ways to support your immune system and stay healthy during the holidays.
Seasonal illnesses are increasing just days away from the holidays. The CDC reports positive flu tests are up 9% in the most recent week and cases of whooping cough are six times last year's rate. Dr. Susannah Hills, an ear, nose and throat specialist at Columbia University Medical Center, explains how to stay safe.
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Boxing Day 2024 is here, but not all Americans understand the meaning of the holiday celebrated in countries like the U.K. and Canada.
At least 73 migrants have died trying to cross the English Channel to Britain this year, according to French authorities, making 2024 the deadliest year on record for the crossings.
Chairlifts at two different resorts in the French Alps broke down on Tuesday, stranding hundreds in two separate incidents.
King Charles III was joined at Christmas services by close members of the royal family, including Prince William and Kate — but Prince Andrew was notably absent.
A bridge linking two northern states in Brazil collapsed, sending cars and trucks plunging into the river below. A sulphuric acid spill is complicating the rescue operation.
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Angel Blue, who was recently named Classical Music's "Vocalist of the Year," is set to perform the title role in "Aida" at the Metropolitan Opera. Known for her Grammy-winning performances, Blue will take the stage in New York beginning on Dec. 31. She joins "CBS Mornings Plus."
Netflix will have one of its biggest days Wednesday since the site launched in 1998 when it airs two NFL games for the first time.
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
Just shy of his 70th birthday, Denzel Washington has a new line to add to an already impressive résumé.
New artificial intelligence features appeared across the tech landscape this year, from the latest iPhone to chatbots like Google's Gemini. Adam Auriemma, the editor-in-chief at CNET, joins CBS News 24/7 with more.
A robotic exosuit may seem like science fiction, but a team of South Korean researchers is turning the concept into reality. CBS News' Leah Mishkin explains how the new tech is helping people with disabilities walk on their own.
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.
TVs are some of the most popular items to fly off store shelves during the holidays. But this year, experts say shoppers are going bigger than ever. CBS News' Jeff Wagner explains.
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
An ancient shipwreck that dates back to the 7th century B.C.E. has been removed from waters off Spain, two decades after its discovery in 1994.
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Gunfire rang out at Phoenix Sky Harbor International Airport on Christmas night and left three people wounded, police say. Another was stabbed. One was in critical condition.
A corrections officer died after an assault by an inmate in an Ohio prison on Christmas morning, authorities say.
Agents found 30 brick-like packages of cocaine inside the backpacks, located in a wooded area in Washington near the U.S. border with Canada.
Authorities in Mississippi say a "desperate" and "very dangerous" convicted murderer, Drew Johnson, is back in custody after escaping from prison Tuesday.
Former Philadelphia Eagles running back Wendell Smallwood Jr. pleaded guilty to federal fraud charges.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
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.
Twice a year, between 100 and 150 student Santas and Mrs. Clauses from as far away as Europe enroll at the Northern Lights Santa Academy in Atlanta for a three-day boot camp where they will learn to become professional Christmas entertainers. Skyler Henry has details.
In Midland, Texas, four pastors from different denominations decided to exchange pulpits for one day in order to deliver a message about tolerance and acceptance to their congregations and the community. Jason Allen has more.
Jericka Duncan takes a look at how Christmas and Hanukkah are being marked around the world and even aboard the International Space Station.
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
If President-elect Donald Trump follows through on his threat of imposing new tariffs on Mexico, Canada and China, it could have major repercussions for the U.S. toy industry. Kelly O'Grady explains.