Fed unlikely to cut interest rates until 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Interest Rates
Minneapolis Fed president on interest rates
Neel Kashkari, the president and CEO of the Minneapolis Fed, told "Face the Nation with Margaret Brennan" that while economists have been watching for an interest rate cut, "we all need to be open-minded about where interest rates are going because there's so much uncertainty coming out of the Middle East."
Powell to stay on Federal Reserve board as policy makers hold rates steady
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
Why Fed kept rates same for third consecutive time
For its third consecutive meeting, the Federal Reserve left its benchmark interest rate unchanged. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Federal Reserve holds interest rates steady
The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Key moments at Warsh confirmation hearing
Kevin Warsh, President Trump's nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges.
Warsh asked about stance on interest rates
Sen. Chris Van Hollen, a Maryland Democrat, voiced his concerns about Kevin Warsh's shifting stance on interest rates over the years. Van Hollen asked Warsh why he was in favor of lowering interest rates while inflation remained high.
Mortgage rates continue rising
Mortgage rates rose for the fourth week in a row. MarketWatch reporter Andrew Keshner joins CBS News with more.
Record share of Americans carry credit card debt, can't pay off bills
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
What's behind Fed's interest rate decision
The Federal Reserve left U.S. interest rates unchanged for a third consecutive time on Wednesday. CBS News coordinating producer Richard Escobedo has more.
Economic uncertainty fuels Fed's rate decision
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, citing economic uncertainty, including potential impacts from the war in Iran. CBS News coordinating producer Richard Escobedo has the details.
Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Dow closes down after Fed holds rates steady
The stock market responded negatively on Wednesday after the Federal Reserve left its benchmark interest rate unchanged for a second straight policy meeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed decides to hold interest rates steady
The Federal Reserve announced Wednesday it would hold interest rates steady at 3.5% to 3.75%. CBS News' Kelly O'Grady reports.
The Iran war is making it harder for Fed officials to cut interest rates
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
Judge quashes subpoenas sent to Federal Reserve
A judge on Friday quashed subpoenas sent to the Federal Reserve as part of the Justice Department's criminal probe. CBS News justice correspondent Scott MacFarlane has the details.
Pirro blasts judge's ruling quashing Fed subpoenas
U.S. Attorney for the District of Columbia Jeanine Pirro held a fiery news conference on Friday after a judge quashed subpoenas sent to the Federal Reserve as part of the Justice Department's criminal probe. CBS News' Scott MacFarlane joins with analysis.
Home prices could dip in 22 U.S. cities next year, report says. See where.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
How Federal Reserve rates impact your wallet
Here's how changes at the Federal Reserve can matter in your life as President Trump pushes for new leadership.
Trump names Kevin Warsh as Fed Chair pick
President Trump on Friday announced former Fed Gov. Kevin Warsh as his pick to replace Jerome Powell as Federal Reserve Chair. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Warsh's experience.
Trump says he will pick Fed chair next week
President Trump held his first Cabinet meeting of the year on Thursday, addressing a range of topics, including the future of the Federal Reserve. CBS News White House reporter Olivia Rinaldi has more.
Why the Fed held interest rates steady
The Federal Reserve, as expected, left its benchmark interest rate unchanged on Wednesday. The decision to keep the rate at its current mark comes after the central bank ended 2025 with three consecutive rate cuts. CBS News business analyst Jill Schlesinger breaks down the decision.
Powell: Economy has "pushed right through" trade changes
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
No change to interest rates, Fed announces
The Federal Reserve announced Wednesday that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.
Federal Reserve cuts decision expected
The Federal Reserve is expected to make its first announcement of the year regarding interest rate cuts. Greg Robb, a senior reporter for MarketWatch, joins CBS News with more.
Passengers start to disembark cruise ship stricken by hantavirus
A Dutch-flagged cruise ship that was hit by a deadly hantavirus outbreak reached Spain's Canary Islands early Sunday morning.
Audio captures moment Frontier plane fatally struck pedestrian
The plane was evacuated because of smoke in the aircraft after the collision, according to the flight crew.
Live
U.S. awaits Iran's response on peace deal as month-long ceasefire holds
President Trump said Saturday he "expects to hear very soon" from the Iranians.
Watch our full interview with Spencer Pratt
Former reality TV star Spencer Pratt opened up about his run for mayor of Los Angeles in an exclusive interview with CBS News.
Putin says Ukrainian conflict nearing end amid Victory Day celebrations
The Victory Day celebrations didn't include a show of heavy weapons for the first time in nearly two decades.
Péter Magyar sworn in as Hungary's prime minister, ending Viktor Orbán's rule
Péter Magyar's center-right Tisza party defeated Orbán's nationalist-populist Fidesz in a stunning blow last month.
Kristin Smart search concludes in Northern California with no remains found
The San Luis Obispo County Sheriff's Office has concluded its latest search connected to the disappearance of Kristin Smart, but officials say her remains were not recovered.
11 hospitalized in possible Miami boat explosion, officials say
Several people were hurt after a possible boat explosion Saturday near the Haulover Sandbar in Miami, Florida.
Exclusive
Principal who tackled gunman: "God's hand was on all of us"
Kirk Moore, the Oklahoma principal who tackled a gunman, sits down with CBS News for a network exclusive interview airing Monday on "CBS Mornings."
U.S.
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How did a wealthy widow wind up dead below a staircase in her mansion?
Beverly Hills detectives responding to the death of 67-year-old Violet Yacobi — who was found on the marble floor below a staircase in her mansion — suspected foul play and her dentist son, and wondered if the family fortune was a motive for murder.
Watch our full interview with Spencer Pratt
Former reality TV star Spencer Pratt opened up about his run for mayor of Los Angeles in an exclusive interview with CBS News.
Bobby Cox, longtime Braves manager, dies at 84
Cox managed the Braves for 25 seasons, winning the World Series in 1995.
Audio captures moment Frontier plane fatally struck pedestrian
The plane was evacuated because of smoke in the aircraft after the collision, according to the flight crew.
Pedestrian fatally struck by Frontier plane departing Denver for LA
A pedestrian was hit by a Frontier airplane departing Denver for LA late Friday night, the airport and airline confirmed.
MoneyWatch
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Fed unlikely to cut interest rates until 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
What the Trump administration's latest tariff blow means for businesses
A trade court's ruling this week against a 10% U.S. tariff is narrow in scope, offering limited relief to importers. Here's what to know.
ABC accuses the FCC of violating free speech rights over "The View"
ABC filed a petition with the FCC claiming that the agency's scrutiny of "The View" threatens to "chill critical protected speech."
Employers added 115,000 jobs in April, blowing past forecasts
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
U.S. trade court rules against Trump's 10% tariffs
The tariffs were put in place in February, days after the Supreme Court struck down President Trump's previous round of sweeping "Liberation Day" tariffs.
Politics
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Watch our full interview with Spencer Pratt
Former reality TV star Spencer Pratt opened up about his run for mayor of Los Angeles in an exclusive interview with CBS News.
Pentagon says 1 survivor after latest strike on alleged drug boat kills 2
The U.S. military's latest strike on an alleged drug-trafficking boat in the eastern Pacific Ocean killed two men Friday while leaving one survivor.
Alabama lawmakers pass plan for new House primary as state pushes to redistrict
Alabama lawmakers have approved a plan for new House primaries if courts allow the state to use different congressional districts in this year's elections.
What the Trump administration's latest tariff blow means for businesses
A trade court's ruling this week against a 10% U.S. tariff is narrow in scope, offering limited relief to importers. Here's what to know.
Trump announces prisoner swap in 3-day Russia-Ukraine ceasefire
President Trump said the agreement will swap 1,000 prisoners from each country after Russia and Ukraine announced separate short-term ceasefire plans.
HealthWatch
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Passengers start to disembark cruise ship stricken by hantavirus
A Dutch-flagged cruise ship that was hit by a deadly hantavirus outbreak reached Spain's Canary Islands early Sunday morning.
Hantavirus cruise passengers to be evacuated
In just hours, the cruise ship at the center of a deadly hantavirus outbreak is expected to arrive in the Canary Islands. All the passengers will then be evacuated to their home countries, including 17 Americans. Ramy Inocencio reports and Dr. Jon LaPook has more on the virus.
WHO director arrives in Canary Islands to oversee hantavirus cruise evacuation
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
A deadly diagnosis almost derailed a mom's dream. Her husband gave her hope.
Maralee Lellio always dreamed of having a large family. A Stage IV cancer diagnosis almost caused her to lose hope.
Man who survived hantavirus 24 years ago, but lost mom and sister, recounts experience
In 2002, Zermeño found out he contracted hantavirus after cleaning the family house following the death of his mother and sister. He had been exposed to rodent droppings and became infected.
World
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Passengers start to disembark cruise ship stricken by hantavirus
A Dutch-flagged cruise ship that was hit by a deadly hantavirus outbreak reached Spain's Canary Islands early Sunday morning.
Putin says Ukrainian conflict nearing end amid Victory Day celebrations
The Victory Day celebrations didn't include a show of heavy weapons for the first time in nearly two decades.
Péter Magyar sworn in as Hungary's prime minister, ending Viktor Orbán's rule
Péter Magyar's center-right Tisza party defeated Orbán's nationalist-populist Fidesz in a stunning blow last month.
WHO director arrives in Canary Islands to oversee hantavirus cruise evacuation
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
U.K.'s Starmer faces calls to resign after disastrous local elections
British Prime Minister Keir Starmer pledged Saturday to revive the Labour Party after a disastrous set of local and regional elections.
Entertainment
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Martha Stewart: How to make an omelet
In her latest book, "The Martha Way," Martha Stewart shares her classic methods for cooking – the building blocks essential to every home chef.
Behind the scenes of Met Gala glam
Adriana Diaz goes behind the scenes with her prep ahead of this year's Met Gala.
Hiss Golden Messenger performs "Who You Gonna Run To?"
Hiss Golden Messenger is a project led by North Carolina singer-songwriter MC Taylor. The Grammy-nominated group blends multiple genres with earnest and reflective lyrics to create a unique sound. Here's Hiss Golden Messenger performing "Who You Gonna Run To?"
Hiss Golden Messenger performs "Last Orders"
Hiss Golden Messenger is a project led by North Carolina singer-songwriter MC Taylor. The Grammy-nominated group blends multiple genres with earnest and reflective lyrics to create a unique sound. Here's Hiss Golden Messenger performing "Last Orders."
Hiss Golden Messenger performs "In the Middle of It"
Hiss Golden Messenger is a project led by North Carolina singer-songwriter MC Taylor. The Grammy-nominated group blends multiple genres with earnest and reflective lyrics to create a unique sound. Here's Hiss Golden Messenger performing "In the Middle of It."
Technology
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Technology
Online learning platform Canvas hacked
The online learning platform Canvas, which is used by 30 million students around the world, was hacked Thursday in a massive cyberattack. The platform is used by thousands of schools, including major universities. Jo Ling Kent reports.
Canvas back online after cyberattack hit learning platform for U.S. schools
A system that thousands of schools and universities use was offline due to a cyberattack.
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.
Here's how AI can help with retirement planning, and where it struggles
As more people turn to chatbots for financial advice, experts say AI offers both pros and cons for retirement planning. Here's what to know.
Google unveils screenless Fitbit
Fitness trackers started as devices for measuring workouts, but now they are designed for 24/7 monitoring and the passive collection of health data. Fitbit announced its latest device, called the Fitbit Air, to compete with other screenless trackers like the Whoop. Tech journalist Lexi Savvides joins CBS News with more.
Science
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Science
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Trump: UFO files released for transparency
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
"The Age of Disclosure" director on UFO files
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Crime
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Crime
Beverly Hills 911
Beverly Hills detectives try to figure out how a widow ended up dead below a staircase in her mansion. "48 Hours" correspondent Erin Moriarty reports.
How did a wealthy widow wind up dead below a staircase in her mansion?
Beverly Hills detectives responding to the death of 67-year-old Violet Yacobi — who was found on the marble floor below a staircase in her mansion — suspected foul play and her dentist son, and wondered if the family fortune was a motive for murder.
Mother of missing woman in Bahamas speaks out
The search for Michigan mother Lynette Hooker headed into a fifth week as Coast Guard investigators seek to question the owners of a sailboat that was moored near the Hooker's vessel when she went missing. Cristian Benavides reports.
CBS News finds security gaps at Hilton Hotel
CBS News homeland security correspondent Nicole Sganga returned to the Hilton Hotel in Washington, D.C., to better understand the security surrounding the White House Correspondents' Dinner. What she found was a 13-minute gap in security camera coverage in the moments leading up to the shooting.
DOJ yet to authenticate possible Epstein note
A federal judge has made public an apparent suicide note written by convicted sex offender Jeffrey Epstein. CBS News' Anna Schecter reports.
Space
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UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
From the archives: Edward R. Murrow's World War II broadcasts
During World War II, CBS News Radio broadcaster Edward R. Murrow brought news of the war - with immediacy and empathy - into the homes of Americans. In this "Sunday Morning" report originally aired on May 7, 1995, Charles Osgood looked back at the journalist whose words helped listeners an ocean away see what he saw, from the London Blitz and the Allies' invasion of Europe, to the liberation of Buchenwald concentration camp.
Beverly Hills 911
Beverly Hills detectives try to figure out how a widow ended up dead below a staircase in her mansion. "48 Hours" correspondent Erin Moriarty reports.
Chicago 5th graders carry out Pope's mission
This week, Pope Leo XIV marked one year since his historic election, from a low-profile priest from Chicago to one of the most recognizable people on the planet. Noel Brennan visited some of his biggest supporters.
Jellyfish-like fish washing up on beaches
Scientists have been stunned this week by hundreds of thousands of sea creatures washing up along the West Coast. Carter Evans reports.
Bobby Cox dies at 84
Hall of Fame baseball manager Bobby Cox has died at 84 years old. His teams won five National League pennants and the World Series in 1995.