
Fed Chair Powell says interest rates on hold amid economic uncertainty
Powell says the Fed is in no hurry to change course, citing "uncertainty" over the impact of the Trump administration economic policies
Watch CBS News
Powell says the Fed is in no hurry to change course, citing "uncertainty" over the impact of the Trump administration economic policies
New February jobs data may indicate slowing economic growth. This comes as Americans remain uncertain over the state of the economy. CBS MoneyWatch correspondent Kelly O'Grady reports.
More restrictive trade and immigration policies under the Trump administration could mean higher prices for Americans, Morgan Stanley analysts say.
President Trump made claims during his address to Congress about the history of U.S. inflation and about the electric vehicle policy under former President Joe Biden. CBS News' Rhona Tarrant has more.
The economy helped put President Trump back in the White House, and it will be a pillar of his speech to Congress. He is expected to talk about lowering prices for Americans, even as his tariffs threaten to raise them. Caitlin Huey-Burns went to York, Pennsylvania, to see how residents are rating Trump's handling of the economy so far. Then, Kelly O'Grady explains when Americans might start to feel the effects of Trump's tariffs.
President Trump is expected to lay out his legislative priorities during his address to Congress tonight. CBS News polling has some insights on what Americans want to see from lawmakers. CBS News executive director of elections and surveys Anthony Salvanto has more.
Republicans are more likely than Democrats to say they'll watch President Trump's joint address to Congress.
Stocks tumbled for a second consecutive trading day, wiping out all post-election gains for the S&P 500.
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
A large majority of Americans say their incomes aren't keeping pace with inflation. Here's what the numbers say.
Most Americans believe their incomes aren't keeping pace with inflation, according to a new CBS News poll. CBS News executive director of elections and surveys Anthony Salvanto unpacks the findings.
Americans express concern about their ability to pay bills and save money.
Consumers still coping with high food costs face scalding hot coffee prices, with retail costs up 75% in recent years.
Activists are planning an "economic blackout" day on Feb. 28 to limit spending at major retailers. The move is part of a growing protest to rising prices across the nation. Betty Lin-Fisher, a national consumer reporter at USA Today, joins CBS News with more.
New data from the consumer confidence index shows a concerning drop in economic outlook among Americans. CBS MoneyWatch correspondent Kelly O'Grady reports.
With the nationwide egg shortage, Denny's said it will be adding a surcharge to every meal that includes eggs at some of its locations. The restaurant chain didn't say which of its 1,500 locations would see the surcharge.
Illinois Gov. JB Pritzker slammed President Trump during his State of the State address on Wednesday, saying tariffs would increase the cost of everyday goods. Pritzker, a chief critic of Mr. Trump, could be one of the many Democrats hoping to run for president in 2028. Political strategists Kevin Sheridan and Chuck Rocha join "America Decides" with analysis.
Grocery stores are scrambling as bird flu drives up "egg-flation." CBS News MoneyWatch correspondent Kelly O'Grady discusses the impact of rising egg costs on the U.S. economy.
Kevin Hassett, the director of the National Economic Council and President Trump's chief economic adviser, says the administration plans to address inflation through tax cuts, reductions in government spending, increased energy production, deregulation and issue-specific policies.
The producer price index jumped 0.4% in January, a mark that's higher than expected and possibly another indicator that progress against inflation has stalled. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. Martin Baccardax joins to discuss.
The Labor Department says inflation ticked up to 3% last month compared to a year ago. The increase was largely driven by the rising costs of rent, gasoline and groceries -- especially eggs, which are now facing a shortage tied to an outbreak of avian flu. Lana Zak spoke to an Iowa farmer who's meeting the challenge head on.
New data out Wednesday shows U.S. inflation accelerated faster than economists had predicted in January. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
New government data shows inflation is up 3% on an annual basis. In reaction to the hot report, President Trump blamed the surge on his predecessor, saying "BIDEN INFLATION UP!" Political strategists Hyma Moore and Justin Sayfie join "America Decides" with analysis.
New York City Mayor Eric Adams' historic federal corruption case has been dropped with prejudice, meaning Adams cannot be re-tried on the same charges at a later time.
The closely-watched race was the most expensive judicial election in U.S. history.
President Trump is expected to announce the details of his reciprocal tariffs plan after 4 p.m. at the White House.
A unique talent, Val Kilmer was praised as an acting chameleon who took on varied and challenging roles, and the results were often memorable.
Republican Randy Fine won the House seat formerly held by Mike Waltz, while Republican Jimmy Patronis won the house seat vacated by Matt Gaetz.
London police say convicted serial rapist Zhenhao Zou may have targeted over 50 other women, and almost two dozen have come forward already.
Israel says its war in Gaza is "expanding to crush and clean the area" of Hamas, but Palestinian civilians are once again being killed and displaced in huge numbers.
Tesla is seeing softer demand for its electric vehicles amid protests over Elon Musk's government role at DOGE.
A federal judge has ordered the Trump administration to temporarily restore legal aid to migrant kids in the U.S. without a parent or guardian.
New York City Mayor Eric Adams' historic federal corruption case has been dropped with prejudice, meaning Adams cannot be re-tried on the same charges at a later time.
U.S. health officials said 224 passengers and 17 crew on board the Cunard cruise ship Queen Mary 2 caught norovirus during a voyage that's still ongoing.
Tesla is seeing softer demand for its electric vehicles amid protests over Elon Musk's government role at DOGE.
Oliver Stone's "JFK" was nominated for eight Oscars and grossed more than $200 million but was also dogged by questions about its historical accuracy.
President Trump is expected to announce the details of his reciprocal tariffs plan after 4 p.m. at the White House.
Tesla is seeing softer demand for its electric vehicles amid protests over Elon Musk's government role at DOGE.
President Trump is expected to announce the details of his reciprocal tariffs plan after 4 p.m. at the White House.
As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.
Each year, more than 400 Americans die from unintentional carbon monoxide poisoning. Here's what to know about traveling with a detector.
President Trump is expected to announce reciprocal tariffs today on a number of other countries. Here's what to know about these import taxes.
State Senator Mallory McMorrow of Royal Oak declares candidacy for 2026 U.S. Senate seat from Michigan.
Oliver Stone's "JFK" was nominated for eight Oscars and grossed more than $200 million but was also dogged by questions about its historical accuracy.
A federal judge has ordered the Trump administration to temporarily restore legal aid to migrant kids in the U.S. without a parent or guardian.
President Trump is expected to announce the details of his reciprocal tariffs plan after 4 p.m. at the White House.
More than 130 staff were cut from the FDA's Center for Veterinary Medicine, officials said.
More than 130 staff were cut from the FDA's Center for Veterinary Medicine, officials said.
Each year, more than 400 Americans die from unintentional carbon monoxide poisoning. Here's what to know about traveling with a detector.
The Navajo Nation has a unique program to fight sexually transmitted infections, including syphilis.
It is unclear what will happen to hundreds of pending requests for public information as the health agencies slash staff.
The lawsuit, filed in Rhode Island, calls the HHS cuts to public health grants illegal.
London police say convicted serial rapist Zhenhao Zou may have targeted over 50 other women, and almost two dozen have come forward already.
Israel says its war in Gaza is "expanding to crush and clean the area" of Hamas, but Palestinian civilians are once again being killed and displaced in huge numbers.
Malanga's 21-year-old son Marcel was among the Americans convicted for participating in the coup plot that left six dead
As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.
A toddler unearthed an ancient treasure dating back to the Middle Bronze Age during a trip to the archaeological site Tel Azekah earlier this month.
Hollywood icon Val Kilmer died Tuesday of pneumonia at 65 years old. The actor was known for his roles in movies like "Top Gun," "Batman Forever" and "The Doors." CBS News' Vlad Duthiers looks back on his life and legacy.
A unique talent, Val Kilmer was praised as an acting chameleon who took on varied and challenging roles, and the results were often memorable.
Kim Delaney, an Emmy-winning actor known for her role on "NYPD Blue," will not face criminal charges in connection with her arrest in Marina Del Rey in an alleged domestic dispute over the weekend.
Actor Román Zaragoza spoke to "CBS Mornings" about hope for his character's struggling love life in the CBS comedy, "Ghosts."
Magician and puzzle master David Kwong joins "CBS Mornings Plus" to talk about his new children's book, "How to Fool Your Parents," which teaches over two dozen magic tricks, just in time for April Fools' Day.
As cryptocurrency and artificial intelligence advancements are made, U.S. demand for the energy needed to power massive mining and data centers grows. David Turk, former deputy secretary of the U.S. Department of Energy, joins "The Daily Report" to discuss how much energy the U.S. needs and the potential environmental impacts.
White House chief of staff Susie Wiles was among the contacts listed in Waltz's Venmo account.
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.
Several newspapers have sued OpenAI and Microsoft, seeking to end the practice of using their stories to train artificial intelligence chatbots.
The Senate Intelligence Committee heard testimony on Tuesday from key players involved in a group chat on the messaging app Signal, in which the U.S.'s highly sensitive plans to bomb Houthi targets in Yemen were discussed inadvertently with a journalist. President Trump said that his administration would investigate the government's use of Signal. CBS News contributor and former CIA official Andrew Boyd has more on what it is and how it's used.
Originally scheduled for just 8 days aboard the International Space Station, the two astronauts spent over 9 months in orbit due to delays with their Boeing Starliner return. Now back on Earth, they share how they coped, what they missed most, and how the mission unexpectedly became political.
Authorities in Iceland were forced by a new volcanic eruption to evacuate dozens of homes and shut down the hugely popular Blue Lagoon tourist attraction.
The international all-civilian Fram2 crew is the first in space history to fly to orbit with no licensed pilot or trained astronaut on board.
"I've seen a lot of strange insects, but this has to be one of the most peculiar-looking ones I've seen in a while," said one entomologist.
Bees play a key role in the U.S. food supply, and the mass deaths could jeopardize that.
London police say convicted serial rapist Zhenhao Zou may have targeted over 50 other women, and almost two dozen have come forward already.
Attorney General Pam Bondi says the Department of Justice will seek the death penalty in the case against Luigi Mangione for the murder of UnitedHealthcare CEO Brian Thompson in New York City. CBS News' Shanelle Kaul reports.
AG Pam Bondi directed federal prosecutors to pursue the death penalty against Luigi Mangione, the UnitedHealthcare CEO murder suspect.
One recruit who reportedly survived the Jalisco cartel ranch said those who refused or tried to escape were beaten, tortured and killed.
A new trial is underway in the case surrounding Boston police officer John O'Keefe's death. Karen Read, O'Keefe's former girlfriend, is facing second-degree murder and other charges after her first court case ended in a mistrial in 2024. CBS News' Katrina Kaufman has more.
The first images captured by NASA's SPHEREx space telescope showed tens of thousands of stars and galaxies.
Butch Wilmore and Suni Williams are sharing more details about their experience in space aboard the International Space Station after their time in Boeing's Starliner capsule. CBS News' Mark Strassmann spoke to the pair about their journey.
Astronauts Butch Wilmore and Suni Williams addressed the media for the first time Monday since returning to Earth almost two weeks ago. CBS News senior national correspondent Mark Strassmann reports from the Johnson Space Center in Houston, Texas.
NASA astronauts Sunita "Suni" Williams and Barry "Butch" Wilmore are adjusting to life back on Earth after spending more than nine unplanned months in space. The astronauts discussed their science mission at a news conference on Monday from the agency's Johnson Space Center in Houston. Former NASA astronaut Dr. Tom Marshburn joins CBS News to unpack the pair's comments.
NASA astronauts Butch Wilmore and Sunita Williams, who were stuck in space for more than nine months, took questions after returning to Earth.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
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.
A growing partnership between China, Russia, Iran and North Korea poses an increasing threat against the U.S. This comes as the group tries to evade sanctions from the West. Timothy W. Martin, the Korea bureau chief at the Wall Street Journal, joins CBS News with more of his reporting on the matter.
The United Kingdom and the rest of Europe are bracing for potential tariffs as part of President Trump's highly-anticipated announcement. The move could strain already fragile relations with the U.S. CBS News' Ramy Inocencio has more.
Countries with the biggest trade deficits with the U.S. are expected to get hit hardest by the tariffs that President Trump will announce on what he has been calling "Liberation Day." CBS News' Weijia Jiang reports, and Anna Coren looks at the impact abroad.
Mass layoffs began Tuesday at federal health agencies. HHS has defended the downsizing strategy, saying it will eliminate redundancies and save taxpayer money. Critics argue the workforce reductions have already impacted vital programs.
In an exclusive interview, the wife of a Maryland migrant spoke to CBS News after the Trump administration admitted to mistakenly deporting the man to a notorious El Salvador prison due to an "administrative error." Kilmar Abrego Garcia received protected immigration status from a judge in 2019, but was part of the controversial deportation flights last month.