Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Economy
Fed lowers interest rates by 0.25 percentage points in first cut since 2024
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Fed to announce interest rate decision
The Federal Reserve is set to announce its latest interest rate decision as economists expect the first cut since 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more on what to expect.
Will the Fed cut rates today? These charts may determine its decision.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
Recent grads face tougher odds in the job market
Graduates are entering a turbulent economy, with more competition for entry-level positions.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Fed meeting begins amid push for rate cuts
The Federal Reserve begins its two-day meeting on Tuesday amid renewed pressure from President Trump to cut interest rates. Madison Mills, a senior markets reporter for Axios, joins with more.
Tariffs hiked prices on some goods in August
New economic data found that heavily imported goods saw steep price hikes in August. CBS News MoneyWatch reporter Megan Cerullo has the details.
Ex-CBO director on Trump's 2nd term economy
President Trump's position on interest rates and the overall economy is under intense scrutiny. Former Congressional Budget Office Director Douglas Holtz-Eakin, one of the U.S.' foremost conservative economists, says in his first term, Mr. Trump did some "astounding" things for the economy. Holtz-Eakin joins "The Takeout" to discuss why his views on the president's second-term economic policies have turned negative.
Inflation fuels falling consumer sentiment
New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month. CBS News senior business and technology correspondent Jo Ling Kent has more.
Breaking down the latest inflation numbers
New data from the Labor Department shows that inflation ticked up last month with the consumer price index rising by nearly 3% in August compared to the year before. CBS News MoneyWatch correspondent Kelly O'Grady reports.
U.S. consumer inflation increase in August
The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.
CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
Inflation is creeping higher, putting pressure on American consumers
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
New economic data shows slight dip
The Producer Price Index fell by 0.1% in August, according to new data released Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Trump responds to jobs report revisions
The Bureau of Labor Statistics revised its jobs report to show that the U.S. added 911,000 fewer jobs than previously reported between March 2024 and March 2025. Meanwhile, President Trump continued his attacks on the agency's data collection, telling reporters he should look at the revised data. CBS News business contributor Javier David has more.
Rising costs impact on the middle class
Rising costs from groceries to housing are outpacing wages and leaving many households stretched thin. CBS News business analyst Jill Schlesinger breaks down the impact on the middle class.
Labor market added 911,000 fewer jobs than earlier reported, BLS says
The downward revision from the Bureau of Labor Statistics shows the job market was slowing in 2024 and early 2025.
David Rubenstein: Recession not on horizon
CBS News chief Washington correspondent Major Garrett sat down with David Rubenstein, co-founder of the Carlyle Group and owner of the Baltimore Orioles, to get his outlook on the U.S. economy and more.
Will Fed cut interest rates by half a point?
Revised data from the Bureau of Labor Statistics showed the U.S. economy added nearly a million fewer jobs for the 12 months that ended this past March than previously reported. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Former CBO director slams Trump's economy
The Bureau of Labor Statistics on Tuesday said the U.S. added 911,000 fewer jobs than previously reported in the 12-month period ending in March 2025. Douglas Holtz-Eakin, former director of the Congressional Budget Office, joins "The Takeout" to discuss the state of the U.S. economy.
What do major job revisions say about economy?
The U.S. labor market added 911,000 fewer jobs in the past year than earlier reported, the Bureau of Labor Statistics announced on Tuesday. CBS News MoneyWatch correspondent Kelly O'Grady has the details. Then, Douglas Holtz-Eakin, former chief economic adviser for the George W. Bush administration and former director of the Congressional Budget Office, joins with analysis.
Jobs growth revised down by 911,000
The Bureau of Labor Statistics said the U.S. labor market added 911,000 fewer jobs between April 2024 and March 2025. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Economists expect a major downward jobs revision from BLS today
Economists expect the Bureau of Labor Statistics to revise its jobs data downward for the year ended in March 2025. Here's why.
Americans' confidence in finding a new job is crumbling
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Live
Trump and his "Board of Peace" partners sign founding charter in Davos
The president joins fellow members of his "Board of Peace," signing its founding charter and pledging that the vaguely defined group will work with the U.N. to end suffering.
Maps show where winter storm threatens to bring snow, brutal cold this weekend
Heavy snow, thick ice and brutal cold are expected to make the winter storm a potentially life-threatening weather event for nearly 30 states.
Jack Smith set to testify publicly for first time at House hearing
Former special counsel Jack Smith, who oversaw two investigations into President Trump, will testify publicly for the first time before the House Judiciary Committee.
Internal memo authorizes ICE to enter homes without judicial warrants in some cases
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
Murders plummeted more than 20% in U.S. in 2025, study shows
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
Jet donated by Qatar could start serving as Trump's new Air Force One this summer
President Trump could start flying in a plane donated by Qatar as early as this summer, as the U.S. Air Force confirms it will deliver the refurbished jumbo jet for use as Air Force One within months.
FCC says TV talk shows must offer equal time to political candidates
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
Ex-Uvalde officer acquitted of all charges over his response to Robb Elementary shooting
A Texas jury acquitted a former Uvalde school police officer who was on trial for allegedly failing to act during the massacre at Robb Elementary School in 2022 that left 19 students and two teachers dead.
Oscar nominations for 2026 being announced today
The nominees for the 98th annual Academy Awards are being announced Thursday morning, with "One Battle After Another," "Sinners," "Marty Supreme," "Frankenstein" and "Hamnet" each expected to potentially earn double-digit Oscar nominations.
U.S.
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Jack Smith set to testify publicly for first time at House hearing
Former special counsel Jack Smith, who oversaw two investigations into President Trump, will testify publicly for the first time before the House Judiciary Committee.
Murders plummeted more than 20% in U.S. in 2025, study shows
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
Oscar nominations for 2026 being announced today
The nominees for the 98th annual Academy Awards are being announced Thursday morning, with "One Battle After Another," "Sinners," "Marty Supreme," "Frankenstein" and "Hamnet" each expected to potentially earn double-digit Oscar nominations.
Trump administration expects the economy to roar this year. Here's why.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
MoneyWatch
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Trump administration expects the economy to roar this year. Here's why.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Wealth inequality in America just hit its widest gap in 3 decades
Nearly one-third of U.S. household wealth was held by the top 1% in the third quarter of 2025.
Trump touts policies aimed at promoting homeownership in Davos speech
President Trump said his plans for boosting home affordability are already helping, but stopped short of providing details.
Ryanair CEO on Elon Musk: "I suspect he's a bigger idiot than me"
Budget airline Ryanair launches "big idiot" fare promotion after CEO Michael O'Leary and Elon Musk trade insults.
Politics
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Jack Smith set to testify publicly for first time at House hearing
Former special counsel Jack Smith, who oversaw two investigations into President Trump, will testify publicly for the first time before the House Judiciary Committee.
Live
Trump and his "Board of Peace" partners sign founding charter in Davos
President Trump joined fellow members of his "Board of Peace," signing its founding charter and pledging that the vaguely defined group will work with the U.N. to end suffering.
Jet donated by Qatar could start serving as Trump's new Air Force One this summer
President Trump could start flying in a plane donated by Qatar as early as this summer, as the U.S. Air Force confirms it will deliver the refurbished jumbo jet for use as Air Force One within months.
Death of Cuban immigrant in ICE custody in Texas ruled a homicide, autopsy finds
Geraldo Lunas Campos died following an altercation with guards at Camp East Montana, a tent facility on the grounds of Fort Bliss.
FCC says TV talk shows must offer equal time to political candidates
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
HealthWatch
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Loss of measles-free status would be "cost of doing business," new CDC deputy says
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
Measles cases surge in South Carolina as U.S. risks elimination status
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
Tylenol not linked to autism, new study shows
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Woman gets her life back after rare transplant: "Prepared for the worst"
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
Study finds no link between Tylenol and autism
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
World
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Live
Trump and his "Board of Peace" partners sign founding charter in Davos
President Trump joined fellow members of his "Board of Peace," signing its founding charter and pledging that the vaguely defined group will work with the U.N. to end suffering.
Trump repeats false or exaggerated claims about Greenland as he pushes for U.S. ownership
President Trump has exaggerated threats to Greenland from Russia and China and downplayed the country's current defenses, according to local officials and experts on the Arctic.
3 journalists killed in Gaza, including cameraman who worked with CBS News
An Israeli airstrike killed three journalists in Gaza on Wednesday, the territory's civil defense agency said. One of those killed, Abed Shaat, had worked for years as a cameraman for CBS News and other outlets.
Trump touts policies aimed at promoting homeownership in Davos speech
President Trump said his plans for boosting home affordability are already helping, but stopped short of providing details.
Trump backs off from tariff threat over Greenland
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
Entertainment
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Sundance Film Festival opens for its final year in Park City
The celebrated Sundance Film Festival, opening Thursday in Park City, Utah, includes films starring Natalie Portman, Olivia Wilde, Seth Rogen and Charli XCX, plus a wide range of documentaries.
Oscar nominations for 2026 being announced today
The nominees for the 98th annual Academy Awards are being announced Thursday morning, with "One Battle After Another," "Sinners," "Marty Supreme," "Frankenstein" and "Hamnet" each expected to potentially earn double-digit Oscar nominations.
FCC says TV talk shows must offer equal time to political candidates
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
Prince Harry says U.K. tabloid court battle is "not just about me"
Prince Harry struck a combative tone as he testified in his lawsuit against the Daily Mail's publisher.
Judge releases Busfield as he awaits trial
An Albuquerque judge denied the state's request to detain actor Timothy Busfield while he awaits trial. Busfield, who has denied the allegations, is accused of inappropriately touching two young boys while directing the TV series, "The Cleaning Lady."
Technology
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Technology
Tech leaders discuss future of AI in Davos
Tech leaders have taken the stage this week at the World Economic Forum in Davos, Switzerland, to discuss how AI will impact jobs. Bloomberg News reporter Sarah Frier joins CBS News with more.
Nonprofit helps to cut down on screen time
On average, young people between the ages of 8 and 18 spend about 7.5 hours a day on their screens, not including school work. A growing nonprofit is trying to change that alarming trend. The Balance Project focuses on delaying the use of smartphones for kids and encouraging more time with friends and independent play outside. Meg Oliver shows how.
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.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Palantir develops app to help ICE: 404 Media
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
Science
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Science
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Crime
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Ex-DEA agent learns fate for aiding drug traffickers: "Little dark secret"
Joseph Bongiovanni was accused of authoring bogus DEA reports, stealing sensitive files, throwing off colleagues and outing confidential informants.
Murders plummeted more than 20% in U.S. in 2025, study shows
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Jury deliberates in former Uvalde cop's case
A Texas jury began deliberations on Wednesday in the trial of the former police officer who is charged over his response to the 2022 Uvalde school shooting. CBS News correspondent Omar Villafranca reports.
Suspect in murder of Ohio couple extradited
A Chicago man accused of murdering his ex-wife and her husband arrived in Ohio on Wednesday to face charges. CBS News correspondent Nicole Valdes has the latest on the investigation.
Space
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Space
More on Virgin Galactic all-female space crew
Virgin Galactic is sending its first all-female crew to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
Latest Galleries
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Notable Deaths in 2025
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
Sneak peek: The Mother I Wish I Knew
ALL NEW: A daughter whose mother was murdered is convinced her father is innocent."48 Hours" correspondent Natalie Morales reports Saturday, Jan. 24 at 10/9c on CBS and streaming on Paramount+.
100-year-old joins grandkid's 100th day of school
With many kindergarteners celebrating the 100th day of school by bringing 100 things to class, one little girl in Georgia brought just one very special thing -- her 100-year-old great-grandfather. Tony Dokoupil has the story.
Prince Harry testifies against Daily Mail
Prince Harry testified for hours in a London courtroom as part of his yearslong battle with British tabloids. Elizabeth Palmer has more.
Cameraman who worked for CBS News killed in Gaza
An Israeli airstrike killed three journalists in Gaza, the territory's civil defense agency said. One of those killed, Abed Shaat, had worked for years as a cameraman for CBS News and other outlets.
Justices appear skeptical of Lisa Cook firing
Embattled Federal Reserve Board Governor Lisa Cook's fight to stay on the job got a boost as Supreme Court justices appeared skeptical of President Trump's efforts to fire her. Jan Crawford has the latest.