Federal Reserve announces interest rate hike
The quarter-point hike is the first rate increase since 2018 as the central bank looks to rein in inflation.
Jerome Powell
Powell supports interest rate hike at March meeting
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
Senate Republicans boycott Biden's Federal Reserve nominees
Republicans on the Senate Banking Committee skipped Tuesday's meeting, denying Democrats the quorum needed to advance Biden nominees.
Report shows inflation up 5.8% in 2021
An economic analysis report shows a key inflation measure rose 5.8% last year, the highest it's been since 1982. Despite a big leap in the stock market numbers late Friday, major indexes are still down this year. Terry Haines, founder of Pangaea Policy, joins CBS News after the New York Stock Exchange's closing bell to break down how inflation is effecting the economy and what can be done to correct it.
Fed appears poised for rate increase in March
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Fed plans to raise interest rates to fight inflation
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.
Americans face inflation despite economic growth
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.
Economist weighs in on record high inflation
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 climbs at fastest pace in decades
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.
Unemployment rate drops to 3.9%
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.
Federal Reserve signals interest rates hikes
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.
Fed signals interest rate hikes to fight inflation
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.
Federal Reserve's plan to slow inflation
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.
Experts struggle to predict job gains
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.
Economic uncertainty looms for Biden administration
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.
Powell and Yellen testify on inflation, debt ceiling
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.
Powell warns Congress that inflation may keep rising next year
He tells Senate panel that the new COVID-19 variant could have an impact on economic activity and inflation.
Poll: Inflation hurting Biden job approval
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.
Biden renominates Powell as Federal Reserve chair
President Biden is nominating Jerome Powell for a second term as Federal Reserve chair. Powell, a Republican who was originally nominated by President Trump, said he will focus on inflation if confirmed again.
Biden to nominate Jay Powell for second term as Fed chair
Lael Brainard, whom progressives had pushed to lead the central bank, nominated as vice chair.
Biden nominates Powell to remain as Fed chair
President Biden nominated Federal Reserve Chair Jerome Powell to a second term. Plus, Democrats hope to boost their midterms chances with legislative successes. CBS News senior white house and political correspondent Ed O'Keefe, Washington Post deputy Washington editor Natalie Jennings and Politico national political correspondent David Siders join CBSN's "Red & Blue" anchor Elaine Quijano with the latest.
The impact of Biden's agenda on inflation
Some economists say fears about the impact president Biden's economic agenda could have on inflation are overblown. CBS News MoneyWatch reporter Aimee Picchi joins CBSN to discuss more.
Fed to keep interest rates near zero
Last week, the Federal Reserve voted to keep interest rates near zero as inflation rises to the highest point in 30 years. The central bank will also dwindle its buying of billions of dollars a stocks a month, which began during the pandemic. Senior vice president and director of research for the committee of economic development Joe Menarik joins Lana Zak on CBSN to discuss.
Fed to start removing support for economy as inflation surges
The central bank said it will start reducing its $120 billion in monthly bond purchases in the coming weeks.
Fed ready to start reeling in stimulus as U.S. economy heals
Economic recovery remains on course despite surge in COVID-19 cases, according to U.S. central bank.
RNC Day 4: Trump to accept GOP presidential nomination
Former President Donald Trump is slated to accept the GOP's nomination for president on the fourth and last day of the Republican National Convention.
live updates
Live Updates: Trump shooting probes focus on motive, security failures
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Canada to quadruple sub fleet as NATO, Russia and China eye the Arctic
Canada plans to buy 12 new submarines as the U.S. and its allies and adversaries step up operations in the thawing Arctic.
Lara Trump says Americans may see a "different version" of Trump tonight
Former President Donald Trump is set to speak Thursday night at the Republican National Convention.
Oregon fugitive who escaped in 1994 found in Georgia with stolen identity
A man who authorities have described as a dangerous pedophile was arrested in Georgia, nearly 30 years after he fled an Oregon prison.
Biden administration forgives another $1.2 billion in student loans
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
Sheriff's deputy charged in fatal shooting of woman who called 911
Sonya Massey was killed after Sangamon County deputies responded to her 911 call about an intruder early on July 6, officials said.
Alabama set to execute convicted murderer, then skip autopsy
A man convicted of killing a delivery driver who stopped for cash at an ATM to take his wife to dinner is scheduled for execution in Alabama, which has agreed to forgo the usual post-execution autopsy.
See the full list of Kennedy Center honorees
"CBS Mornings" got an exclusive first look at the 47th class of Kennedy Center honorees, who will be celebrated for their lifetime artistic achievements and impact on American culture.
U.S.
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Online account thought to belong to Trump shooter was fake, source says
The gunman, Thomas Matthew Crooks, opened fire from the roof of a building near the rally, hitting Trump in the right ear.
Here's who bought the "Apex" Stegosaurus for a record $45 million
The buyer intends to keep the fossil in the U.S., and is exploring making it available for public display.
JD Vance's mom has emotional reaction during VP nominee's speech
"It will be 10 years officially in January of 2025, if President Trump is okay with that, let's have the celebration in the White House," JD Vance said.
Oregon fugitive who escaped in 1994 found in Georgia with stolen identity
A man who authorities have described as a dangerous pedophile was arrested in Georgia, nearly 30 years after he fled an Oregon prison.
live updates
Live Updates: New details in Trump shooting emerge amid investigations
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
MoneyWatch
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Here's who bought the "Apex" Stegosaurus for a record $45 million
The buyer intends to keep the fossil in the U.S., and is exploring making it available for public display.
Biden administration forgives another $1.2 billion in student loans
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
Trader Joe's viral insulated mini totes are back in stock today
The popular cooler bags are back in stock at Trader Joe's stores today. Some locations are setting purchasing limits.
Hot dogs shipped to hotels, restaurants in two states are recalled
Nearly 7,000 pounds of hot dogs were produced and distributed without being inspected, federal government says.
Tornado damage could affect baby formula supplies, Reckitt says
Baby formula maker Reckitt said tornado damage to an Indiana warehouse could affect supplies of its nutrition products.
Politics
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Online account thought to belong to Trump shooter was fake, source says
The gunman, Thomas Matthew Crooks, opened fire from the roof of a building near the rally, hitting Trump in the right ear.
Biden tests positive for COVID. Here's what we know about his condition.
President Biden has tested positive for COVID-19, prompting an array of questions about his health and condition. Here's what we know so far.
JD Vance's mom has emotional reaction during VP nominee's speech
"It will be 10 years officially in January of 2025, if President Trump is okay with that, let's have the celebration in the White House," JD Vance said.
live updates
Live Updates: New details in Trump shooting emerge amid investigations
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Lara Trump says Americans may see a "different version" of Trump tonight
Former President Donald Trump is set to speak Thursday night at the Republican National Convention.
HealthWatch
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Biden tests positive for COVID. Here's what we know about his condition.
President Biden has tested positive for COVID-19, prompting an array of questions about his health and condition. Here's what we know so far.
Emergency responders turning to drones to try to get people help faster
Public safety and health care organizations are using drones to speed up lifesaving treatment during medical emergencies in which every second counts.
Tennessee to drop sex workers with HIV from sex offender list
For years, Tennessee has required anyone convicted of prostitution while HIV-positive to register as a sex offender for life. To settle DOJ and ACLU discrimination suits, the state has agreed to reverse course.
Hot dogs shipped to hotels, restaurants in two states are recalled
Nearly 7,000 pounds of hot dogs were produced and distributed without being inspected, federal government says.
FDA warns Diamond Shruumz still on shelves despite recall, hospitalizations
At least 36 have been hospitalized after eating the mushroom "edibles."
World
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Canada to quadruple sub fleet as NATO, Russia and China eye the Arctic
Canada plans to buy 12 new submarines as the U.S. and its allies and adversaries step up operations in the thawing Arctic.
Content creator dies in fall shooting videos at Indian beauty spot
Indian influencer Aanvi Kamdar was shooting Instagram reels at the popular Kumbhe waterfall when she slipped into a 300-foot deep gorge.
Seven members of same family killed in suspected arson attack in Nice
Authorities in Nice, southern France, say images show hooded people dousing a stairwell with liquid before a suspected arson fire that killed 7 people.
Boy among 6 shot dead in Mexico as mass killings of families persist
More women, children and entire families have fallen victim to indiscriminate violence in areas where drug cartels are fighting bloody turf battles.
U.S. journalist Evan Gershkovich's trial resumes in Russia on spying charges
Wall Street Journal reporter Evan Gershkovich appeared in court in Russia for the second hearing in his trial on espionage charges that he, his employer and the U.S. government vehemently deny.
Entertainment
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Entertainment
Sheryl Lee Ralph on latest Emmy nominations
Emmy award-winning actor Sheryl Lee Ralph joins "CBS Mornings" to talk about her new comedy, "The Fabulous Four," and her third Emmy nomination for "Abbott Elementary."
Author discusses "Familiaris"
Oprah Winfrey selected "Familiaris" by David Wroblewski as her latest book club selection. Watch as author David Wroblewski answers reader's guide questions about his novel.
David Wroblewski reads "Familiaris" excerpt
Oprah Winfrey selected "Familiaris" by David Wroblewski as her latest book club pick. Watch the author, David Wroblewski, read an excerpt from his long-awaited follow-up to his bestselling debut, "The Story of Edgar Sawtelle."
2024 Kennedy Center honorees revealed
The 47th class of Kennedy Center honorees was revealed on "CBS Mornings" Thursday. The star-studded list of recipients includes award-winning filmmaker Francis Ford Coppola, legendary rock band the Grateful Dead, blues rock singer-songwriter Bonnie Raitt, jazz musician and composer Arturo Sandoval and the Apollo.
Here are the full 2024 Emmy nominations, topped by "Shogun," "The Bear"
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
Technology
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NASA counting on SpaceX to dispose of space station when program ends
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
Elon Musk announces X, SpaceX headquarters relocating to Texas
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
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.
Apple releases iOS 18 preview. Here's what's new.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
AT&T says customer data exposed in big data breach
AT&T on Friday disclosed that hackers had accessed records of calls and texts of "nearly all" its cellular customers for a six-month period between May 1, 2022, and Oct. 31, 2022. Jo Ling Kent reports.
Science
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Climate change is making days longer, according to new research
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Creature that washed up on New Zealand beach may be world's rarest whale
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
5 human cases of bird flu in Colorado poultry workers, health officials report
Symptoms among the new bird flu cases included "fever, chills, coughing and sore throat/runny nose," alongside pink eye and eye tearing, a CDC spokesperson confirmed Monday.
James Webb Space Telescope captures galaxies merging
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
Watch: Satellite video tracks Beryl's deadly 2-week journey
The 2024 Atlantic hurricane season got off to a deadly start as Hurricane Beryl tore across the Caribbean, Mexico and eventually the U.S.
Crime
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Oregon fugitive who escaped in 1994 found in Georgia with stolen identity
A man who authorities have described as a dangerous pedophile was arrested in Georgia, nearly 30 years after he fled an Oregon prison.
Sheriff's deputy charged in fatal shooting of woman who called 911
Sonya Massey was killed after Sangamon County deputies responded to her 911 call about an intruder early on July 6, officials said.
Arrests made after woman's body found in toolbox in Vermont river
Kayla Wright's body was found in a truck-bed-style toolbox on a sandbar in the Missisquoi River in February.
Alabama set to execute convicted murderer, then skip autopsy
A man convicted of killing a delivery driver who stopped for cash at an ATM to take his wife to dinner is scheduled for execution in Alabama, which has agreed to forgo the usual post-execution autopsy.
Boy among 6 shot dead in Mexico as mass killings of families persist
More women, children and entire families have fallen victim to indiscriminate violence in areas where drug cartels are fighting bloody turf battles.
Space
More Space
NASA counting on SpaceX to dispose of space station when program ends
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
NASA beams Missy Elliott song to Venus
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
NASA celebrates Webb telescope anniversary
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
James Webb Space Telescope captures galaxies merging
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
FAA investigating SpaceX rocket failure
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
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.
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.
Clues and evidence in the John McCabe case
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
Donald Sutherland
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
Becky Bliefnick texted about fear of her estranged husband
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Paris Olympics performers threaten to strike
Performers for the Paris Olympics' opening ceremony are threatening to go on strike with just eight days remaining before the ceremony takes place. CBS News correspondent Elaine Cobbe has more.
New report on Oct. 7 Hamas war crimes
A new Human Rights Watch report found Hamas committed numerous war crimes and crimes against humanity during the Oct. 7 attacks in Israel. Human Rights Watch also tells CBS News that due to lack of access, they have been unable to do a comprehensive report on Israel's conduct in Gaza. CBS News correspondent Debora Patta has more.
WSJ reporter's Russian trial resumes
Wall Street Journal reporter Evan Gershkovich is back in a Russian court on espionage charges that could send him to prison for 20 years. The U.S. says the charges are a sham and that Gershkovich is being wrongfully detained as a political hostage. CBS News senior foreign correspondent Elizabeth Palmer has more.
Previewing Trump's RNC speech
Former President Donald Trump will deliver his first speech since last weekend's assassination attempt when he takes the stage Thursday night at the Republican National Convention. CBS News campaign reporter Jake Rosen has a preview of Trump's remarks.
Biden leaves campaign trail due to COVID
Calls from Democrats in Congress for President Biden to end his reelection campaign are continuing with leaders of the party reportedly telling the president in private that he cannot beat former President Donald Trump. Biden has left the campaign trail and is isolating in Delaware after being diagnosed with COVID-19 on Wednesday. CBS News' Willie James Inman and Nikole Killion have more.