A key inflation measure drops to 2.1%. Here's the interest rate impact.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
Economy
Harris leans into economy, abortion rights in new ads in final days of campaign
Harris' closing ads are emphasizing issues of abortion access and her economic proposals in the final full week of the 2024 presidential campaign.
The Climate Election: How climate will impact your bills, health and more
The next president could have a big impact on climate change policies. Here are 11 ways the issue could impact your health, bills, natural disaster recovery and more.
Economy grew at 2.8% pace last quarter, powered by consumer spending
Consumer confidence soared in October, signaling that Americans may continue to open their wallets.
Why inflation in one battleground state could sway the election
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
Defining inflation before Election Day
The economy is a top voting issue in the 2024 elections and voter feelings about inflation and costs may differ from what data shows about the country's economic health. CBS MoneyWatch associate managing editor Aimee Picchi breaks down how inflation is impacting Americans.
COVID-19 cases spike as states reopen
Health officials are expressing concerns over a surge in coronavirus cases in at least 20 states as restrictions continue to ease. More than 2.1 million cases of COVID-19 have been confirmed in the U.S. so far. Manuel Bojorquez reports.
New GDP numbers show 2.8% growth in Q3
The new GDP report released Wednesday shows the U.S. economy grew at a 2.8% annual pace in the third quarter. Jared Bernstein, chair of the Council of Economic Advisers, joined CBS News to discuss the report.
Here are the 5 most important U.S. economic issues for voters
Americans say the economy is the most pressing issue as they prepare to cast their ballots on November 5, including these five key issues.
Trump on immigration, border security
Former President Donald Trump delivered remarks at Mar-a-Lago focused on the economy, immigration and the U.S.-Mexico border as both presidential campaigns make last-minute efforts to court undecided voters. CBS News' Manuel Bojorquez has more.
McDonald's surpasses earnings expectations
Fast food giant McDonald's reported its third quarter results Tuesday morning with revenue beating Wall Street's expectations at around $6.9 billion. CBS MoneyWatch correspondent Kelly O'Grady has a look at the numbers.
The Climate Election: The economy, explained
The economy remains one of the top concerns for voters just a week out from Election Day, but there's a major factor that experts say could cause significant harm to it: climate change. One study found that not limiting global temperature rise could cost $551 trillion, roughly 19 times the size of the entire U.S. economy.
How the economy is faring before Election Day
CBS News polling shows most voters have long been dissatisfied with U.S. economic conditions. But does perception match reality? Kate Davidson, managing editor for U.S. economic policy for Bloomberg News, joins "America Decides" to discuss.
Former President Obama on "Face the Nation"
Two months after taking office, President Barack Obama sat down with Face the Nation moderator Bob Schieffer to discuss the war in Iraq and Afghanistan and his plans to revive the American economy.
Pension a sticking point for Boeing machinists
The union representing Boeing machinists has voted to reject the company's latest contract offer, extending a costly, weeks-long strike. CBS News' Kris Van Cleave and Kelly O'Grady explain what happens next.
How Trump, Harris are approaching the economy
Gas and home prices are falling and inflation is down, but there still seems to be a disconnect between what economists are saying and how Americans are feeling about their money. CBS News political director Fin Gómez has more on how Donald Trump and Kamala Harris are handling that.
Impact of Trump proposals on Social Security
A new analysis suggests former President Donald Trump's economic proposals, should he win the election, could speed up when the Social Security trust fund runs out of money. This is according to a report by the nonpartisan group Committee for a Responsible Federal Budget. Marc Goldwein, senior vice president and senior policy director for the group, joins CBS News to unpack the findings.
Trump holds Latino leaders roundtable
Former President Donald Trump courted Latino voters in Florida during a roundtable conversation where he discussed union voters and his plans to expand the U.S. economy. CBS News' Nikole Killion has more.
A look back at 1990's quirky recession
In this fun "Mornings Memory," we revisit a hands-on illustration from 1990, where large and colorful balls were used on CBS This Morning to explain the complexities of supply and demand during a recession.
Last Kmart store closes down
Shoppers bid farewell to the final Kmart store in Bridgehampton, New York, while snagging great deals before the store shut its doors for good. Shanelle Kaul has the story.
Despite signals economy is strong, voters are wary
Wall Street has seen six straight weeks of gains and with unemployment near a 50-year low, there are signs the economy is strong. However, the cost of everyday essentials is still a top-of-mind issue for voters, and although the rate of inflation is at a three-year low, consumers are still complaining food prices remain high. Michael George reports.
How is the economy really doing just weeks before the U.S. election?
With only weeks before the November 5 election, here's how top economists assess the health of the U.S. economy.
Survey: Middle-aged women prefer Harris
A new survey from Marie Claire magazine finds middle-aged women prefer Vice President Kamala Harris over former President Donald Trump. Forty-nine percent of women between the ages of 40 and 60 preferred Harris compared to 41% for Trump. Andrea Stanley, executive editor for Marie Claire, joins "America Decides" to walk through the results.
Yellen warns "sweeping, untargeted tariffs" would reignite inflation
Treasury chief Janet Yellen is warning that tariffs planned by former President Donald Trump will reignite inflation.
Gender wage gap widens for the first time in 20 years
Pay gap between men and women working full-time widened in 2023 for first time in 20 years, USCB data shows.
Live
Iran balks at Trump's threats as his deadline for a deal approaches
It's unclear when or even if top Iranian officials will come to Pakistan for peace talks just a day before Trump's latest ultimatum expires.
Kevin Warsh testifies that the Fed will remain "strictly independent"
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Virginia Democrats seek 10-1 congressional map with voter referendum
The referendum is seeking to amend the state's constitution to use the Democratic-controlled Assembly's redrawn congressional maps, which will give Democrats an advantage in 10 of the state's 11 House districts.
FBI investigating deaths, disappearances of staff at government labs
The disappearances and deaths of 10 government workers tied to nuclear or space technology have sparked speculation online. President Trump said the cases are "hopefully, coincidence."
Democrats demand Trump admin. halt plan to collect federal workers' health data
After KFF Health News reported that the Trump administration is seeking federal workers' medical records, Democratic lawmakers are insisting that the Office of Personnel Management drop its request.
Ethics panel to decide penalty for Rep. Cherfilus-McCormick over theft allegations
The Florida Democrat is accused of stealing $5 million in FEMA funds for her campaign.
Southern Poverty Law Center facing DOJ probe over use of paid informants
The Justice Department is investigating the Southern Poverty Law Center in connection with a now-defunct program that used paid informants to infiltrate extremist groups.
NATO intercepts Russian bombers and fighter jets over Baltic Sea
The Russian mission included two supersonic Tu-22M3s, as well as about 10 fighters, the French detachment said.
Hegseth scraps mandatory flu shots for troops
Defense Secretary Pete Hegseth said U.S. service members will no longer be required to get annual flu shots.
U.S.
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Leon Smith of Pennsylvania named 2026 National Teacher of the Year
"CBS Mornings" exclusively revealed Leon Smith, who teaches at Haverford High School in Pennsylvania, as the 2026 National Teacher of the Year.
Hegseth scraps mandatory flu shots for troops
Defense Secretary Pete Hegseth said U.S. service members will no longer be required to get annual flu shots.
Southern Poverty Law Center facing DOJ probe over use of paid informants
The Justice Department is investigating the Southern Poverty Law Center in connection with a now-defunct program that used paid informants to infiltrate extremist groups.
Kevin Warsh testifies that the Fed will remain "strictly independent"
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Bears chase, bite visitors at Great Smoky Mountains National Park
Parts of the Great Smoky Mountains National Park are closed after visitors encountered aggressive bears over the weekend.
MoneyWatch
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Kevin Warsh testifies that the Fed will remain "strictly independent"
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Who will run the Federal Reserve if the Senate doesn't confirm Trump's pick?
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
Uber found liable for actions of driver who grabbed passenger's inner thigh
The so-called bellwether case is part of a broader group of sexual assault lawsuits filed against Uber in multiple jurisdictions around the country and is the third to go to trial.
Tim Cook to step down as Apple CEO, with John Ternus tapped as successor
Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.
Kevin Warsh faces lawmakers in Fed chair confirmation hearing today
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.
Politics
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Hegseth scraps mandatory flu shots for troops
Defense Secretary Pete Hegseth said U.S. service members will no longer be required to get annual flu shots.
Southern Poverty Law Center facing DOJ probe over use of paid informants
The Justice Department is investigating the Southern Poverty Law Center in connection with a now-defunct program that used paid informants to infiltrate extremist groups.
Kevin Warsh testifies that the Fed will remain "strictly independent"
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Who will run the Federal Reserve if the Senate doesn't confirm Trump's pick?
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
Ethics panel to decide penalty for Rep. Cherfilus-McCormick over theft allegations
The Florida Democrat is accused of stealing $5 million in FEMA funds for her campaign.
HealthWatch
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Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
Trump signs executive order to research psychedelics for mental health
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Mom's labor turns into fight for life after 1 symptom: "I think I'm about to die"
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
Dr. Erica Schwartz nominated for CDC director
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
World
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NATO intercepts Russian bombers and fighter jets over Baltic Sea
The Russian mission included two supersonic Tu-22M3s, as well as about 10 fighters, the French detachment said.
Mass murder trial in El Salvador for almost 500 alleged MS-13 members
Nearly 500 alleged MS-13 members, including several alleged leaders, are on trial collectively in El Salvador, accused of thousands of murders.
Live
Iran balks at Trump's threats as his deadline for a deal approaches
It's unclear when or even if top Iranian officials will come to Pakistan for peace talks just a day before Trump's latest ultimatum expires.
Mexico probing role of U.S. officials killed in car crash after drug lab raid
The crash, following an operation to destroy a clandestine drug lab, has reignited a debate over U.S. involvement in Mexican security operations.
Canadian tourist killed in shooting at Mexico's Teotihuacán pyramids
Mexico's security officials said a gunman opened fired at the popular tourist spot, killing a Canadian woman and injuring at least 13 people, including six Americans.
Entertainment
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Entertainment
D4vd charged with murder in14-year-old's death
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Details on charges against D4vd in teen's death
Los Angeles prosecutors on Monday charged singer D4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
What to know on the "Matlock" season finale
"Matlock" stars Skye P. Marshall and Jason Ritter join CBS News with more clues ahead of the show's season finale.
Indigo Girls' member reveals incurable medical disorder affecting her voice
Emily Saliers, one-half of the Atlanta folk duo The Indigo Girls, has revealed that she has been diagnosed with two incurable movement disorders that will forever change the way that she sings.
D4vd expected to face murder charge
The Los Angeles County District Attorney's Office is expected on Monday to charge singer-songwriter D4vd with murder, seven months after 14-year-old Celeste Rivas' body was found in a car that he owned. The 21-year-old musician was arrested last week. Matt Gutman reports.
Technology
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Technology
Major change at Apple
Apple CEO Tim Cook announced he is stepping down from his leadership role running one of the world's biggest companies. CBS News contributor Patrick McGee joins CBS News with more details.
Tim Cook to step down as Apple CEO
Tim Cook, who has been with Apple for nearly three decades and has served as the company's CEO for 15 years, will step down in September and stay on as chairman. The tech giant announced Monday who will replace Cook. Jo Ling Kent reports.
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.
Tim Cook to step down as Apple CEO
After 15 years, Tim Cook is stepping down as Apple's CEO. Starting in September, Cook will be the executive chairman of Apple's board of directors. New York Times technology correspondent Mike Isaac joins CBS News to discuss.
How internet culture is morphing our identities
A new book called "Screen People" argues that's what society has become: a people defined by screens, what we do with those screens and how we present ourselves on those screens. Author Megan Garber joins "The Takeout" to discuss.
Science
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Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Breeding a better bread
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Crime
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Crime
D4vd pleads not guilty to first-degree murder
Singer and songwriter D4vd is facing several charges linked to the death of 14-year-old Celeste Rivas Hernandez. CBS News' Matt Gutman has the latest.
Weinstein faces third rape trial in New York
Disgraced Hollywood mogul Harvey Weinstein will be in a Manhattan courtroom on Tuesday for trial. He is accused of third-degree rape. CBS News' Jericka Duncan reports.
Shooting at Mexico's Teotihuacán pyramids
A Canadian tourist was killed, and 13 others were injured, during a shooting at the popular Teotihuacán pyramids in Mexico, officials confirmed. CBS News' Bradley Blackburn reports.
D4vd charged with murder, pleads not guilty
Singer D4vd pleaded not guilty Monday to first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. If convicted he could face the death penalty.
Mass murder trial in El Salvador for almost 500 alleged MS-13 members
Nearly 500 alleged MS-13 members, including several alleged leaders, are on trial collectively in El Salvador, accused of thousands of murders.
Space
More Space
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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
Virginia redistricting vote's possible impact
Voters in Virginia are headed to the polls on Tuesday for a special redistricting vote as part of a nationwide battle between Democrats and Republicans to control the House. CBS News' executive director of elections and surveys Anthony Salvanto has more.
D4vd pleads not guilty to first-degree murder
Singer and songwriter D4vd is facing several charges linked to the death of 14-year-old Celeste Rivas Hernandez. CBS News' Matt Gutman has the latest.
Virginia redistricting plan vote
Virginia's redistricting efforts are up for a vote on Tuesday. CBS News' Fin Gómez reports.
Warsh gives opening statement at hearing
Kevin Warsh, President Trump's nominee to become the next Federal Reserve chairman, appeared before lawmakers for his Senate confirmation hearing on Tuesday. Warsh began his opening statement saying "America's economic growth potential is rising as we sit here today."
Iran conflict causes travel uncertainty
Jacqui Gifford, the editor-in-chief for Travel + Leisure, breaks down how the Iran war is impacting travel and how to get the best bang for your buck on your summer vacations.