Inflation fuels increase in home heating costs
Inflation is fueling a big increase in home heating costs, but there are ways to help you save on your heating bills this winter. Meg Oliver has more.
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Inflation is fueling a big increase in home heating costs, but there are ways to help you save on your heating bills this winter. Meg Oliver has more.
The Federal Reserve raised its benchmark interest rate by three-quarters of a point as it seeks to ease inflation. Robert Costa reports on the impact it could have on the midterm elections.
The Federal Reserve has taken the aggressive step of raising interest rates by another three-quarters of a percentage point. Jeff Taylor, board member at the Mortgage Bankers Association, and CBS News reporter Sarah Ewall-Wice join anchors Errol Barnett and Lana Zak to discuss what this means for the economy.
Markets turned volatile after the Federal Reserve announced it would increase interest rates by three-quarters of a percentage point. CBS News' Errol Barnett and Lana Zak speak with Edward Moya, senior market analyst for Oanda, about what today's action could signal for the markets and the economy.
President Biden is delivering a speech Wednesday night near Capitol Hill about the preservation of democracy. White House principal deputy communications director Kate Berner joins "Red and Blue" to discuss his speech, his economic agenda, and his travel schedule ahead of Election Day.
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
Federal Reserve policymakers are meeting Wednesday and it's likely they will raise interest rates by another 75 basis points in a continued effort to curb inflation. Previous rate increases have pushed the average 30-year fixed mortgage rate above 7%. Nancy Chen reports on how already high rates are affecting the housing market.
Despite the convenience, experts say buying a flight by mobile phone could end up costing you more.
Investors are bracing for the Federal Reserve to likely announce another aggressive interest-rate hike Wednesday. CBS News' Lana Zak spoke with John Leer, chief economist at Morning Consult, about the Fed's expected decision.
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Tanger Med, one of the largest global logistics gateways, is webbing a map connecting 180 ports in 70 countries and directing nearly 40% of the distribution to Africa, establishing an integrated economic platform.
Economists had expected the number of job openings to drop below 10 million for the first time since June 2021.
Missed the second half of the show? The latest on the Democrats and how they will accept midterm results; the Battleground Tracker as the GOP heads into final week with lead in seats; economic issues still top of mind for voters ahead of midterms; and how Democrats are adjusting their final midterm message.
Ukraine's Foreign Minister, Dmytro Kuleba, accused Russia of playing "hunger games" by imperiling global food shipments.
Candy prices are soaring this Halloween thanks to inflation. It's not just candy, pumpkin prices are also up. Carter Evans takes a look.
Rep. Tom Emmer, Rep. Sean Patrick Malone, Cybersecurity and Infrastructure Security Agency Director Jen Easterly, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.
Exxon and Chevron reported surging quarterly earnings, with gas prices still up sharply from a year ago.
After two consecutive quarters of decline, the U.S. gross domestic product grew at an expectedly high annual rate in the third quarter. However, recession fears remain amid high inflation and rising interest rates. Nancy Cordes has the latest.
Elon Musk has taken control of Twitter and fired at least three top executives including its CEO, according to numerous reports. Jonathan Vigliotti is at Twitter's headquarters in San Francisco.
As the White House praises the first positive GDP report of 2022, Republicans are dismissing the latest numbers with two weeks left until the midterm elections. CBS News senior White House and political correspondent Ed O'Keefe has more on the Biden administration's response and other developments from the campaign trail.
Water levels are hitting record lows along the Mississippi River, meaning big trouble for the economy. The drought is expected to last through January, threatening the critical supply chain for food, coal, petroleum and more. Ben Tracy has more.
The U.S. economy rebounded slightly in recent months, but there are troubling signs. The average interest rate for a 30-year mortgage topped 7% for the first time in 20 years. Weijia Jiang has the latest.
The gross domestic product report released Thursday showed the U.S. economy grew 2.6% in the third quarter. Justin Hoogendoorn, head of fixed income strategy and analytics at Hilltop Securities, joins CBS News to discuss.
Average home loan costs haven't been this high since the U.S. economy was reeling from the Sept. 11 attacks.
Weak earnings reports at Meta and other major tech companies offset gains in other parts of the market.