First-time homebuyers priced out
Once ubiquitous "starter homes" have been disappearing from the U.S. market. Joseph Gyourk, a professor at the Wharton School of Business, joins CBS News to discuss the rising costs and shortage of affordable homes.
Economy
Federal Reserve hikes interest rate again
The Federal Reserve raised interest rates by three-quarters of a percentage point for the third consecutive time this year in an effort to curb inflation. CBS News business analyst Jill Schlesinger explains what's behind the move and what we should expect going forward.
Investors react to bear market fears
The Dow has given investors further confirmation that it is in a bear market. CBS News' Lana Zak and Lilia Luciano speak with Neil Irwin, chief economic correspondent for Axios, on what those concerns could mean for Americans' financial interests.
11/17: Red and Blue
President Biden tours Michigan to promote infrastructure; New York ethics panel pulls Cuomo book deal approval
9/29: Red and Blue
Deadline looms for Congress to avoid a government shutdown; Candidates for Virginia governor face off in debate
Volatility hitting U.S. and U.K. economies
Rick Newman, a senior columnist for Yahoo Finance, joins CBS News to discuss the ongoing impact of the Federal Reserve's latest interest rate hike, the historic drop of the British pound and how concerned Americans should be about the economy.
White House crackdown on hidden airline fees
The Biden administration plans to propose a new rule that would require airlines to show travelers the true cost of their plane tickets. CBS News' Kris Van Cleave tells us what we can expect at checkout.
Consumers gaining confidence as gas prices slide
But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.
CBS Mornings Deals: Items that could help promote self-care
Visit CBSDeals.com or text CBS to 65000 to take advantage of these exclusive deals today.
7/8: Red and Blue
Biden announces August 31 deadline for withdrawing troops from Afghanistan; U.S. jobless claims increase over last week
9/16: Red and Blue
President Biden pushes his economic agenda; Federal judge won't delay hearing against Trump
Concern growing over housing market
Inflation remains over 8%, and now there are growing concerns about the housing market. A recent analysis found that more than half of the country's largest regional markets are "significantly overvalued." Mark Strassmann has more.
Atlanta Fed chief: Central bank working to avoid "deep, deep pain"
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, "there is some ability for the economy to absorb our actions and slow in a relatively orderly way."
Inflation, stocks, interest rates fuel economic uncertainty
CBS News senior national correspondent Mark Strassmann reports from Atlanta on the uncertainty surrounding the economy as inflation continues, stocks fall and higher interest rates fuel a housing pullback.
Transcript: Atlanta Fed CEO Raphael Bostic on "Face the Nation"
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, Sept. 25, 2022, on "Face the Nation."
DOW plunges amid fears of a recession
As cars, food and electricity become more expensive, Americans are feeling the pressure of rising inflation. The DOW dropped 486 points, its lowest since late 2020, on Friday. Michael George has the details.
4/28: Red and Blue
President Biden to give first address to Congress; Examining Biden's political evolution
Recession fears mount as U.S. stocks fall
The Dow Jones Industrial Average, S&P 500 and NASDAQ each lost more than 1.5% on Friday, with the Dow closing at its lowest level since late 2020. CBS News correspondent Michael George has more on the troubling economic trends.
Fewer homes for sale as mortgage rates rise
Fewer homes are going on the market as homeowners hesitate to give up low, locked-in mortgage rates. Errol Barnett and Elaine Quijano discussed with Odeta Kushi.
Stocks plunge, dragging Wall Street toward another down week
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Dow drops below 30,000 points
The Dow Jones Industrial Average dropped below 30,000 Friday for the first time since 2020. Javier David, managing editor of business and markets at Axios, joined CBS News to discuss the volatile market.
3/11: Red and Blue
Biden addressing nation after passing COVID relief bill; Matthew McConaughey mulling run for Texas governor
2/18: Red and Blue
Biden postpones trip after East Coast winter storm; Dolly Parton humbly rejects statue proposal
3/15: Red and Blue
Biden admin. touring to promote COVID relief plan; Senate confirms Deb Haaland as Interior secretary
2/8: Red and Blue
Second Trump impeachment trial begins Tuesday; "Hero pay" for store workers prompts closures.
Live
Midterm Updates: El-Sayed, Stevens feud lights up campaign amid final push
First on CBS
As Texas Dems predict a Hispanic wave, Hinojosa takes her pitch ringside
DOJ calls Alaska Senate allegations "troubling," asks to segregate ballots
She spent 18 years believing she had MS. Then her diagnosis changed.
El-Sayed asks fellow Democrat Stevens not to attend final campaign events
Judge orders DOJ to stop trying to "intimidate" California election officials
Live
Iran's supreme leader warns U.S., Israel against new attacks
Exclusive
Daniel J. Sullivan left his Alaska hometown before Senate election
