What the Fed's rate decision this week could mean for mortgage rates
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
Economy
Many Americans say they're spending more than they earn: poll
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
Top budget puzzles facing the nation
The first big test for the new speaker of the House will be negotiating government funding, which runs out in November. Alan Auerbach, economics professor at the University of California, Berkeley, joins CBS News to discuss the debates that need to happen to shrink the deficit.
GDP surged 4.9% in the third quarter, defying the Fed's rate hikes
Consumers and businesses are continuing to spend despite the headwinds of higher interest rates, fueling economic growth.
Bank of Israel trims economic growth outlook
The Bank of Israel says it expects the nation's economy to slow amid the ongoing war with Hamas. For now, Israel is seeing an increase in defense spending as well as increases in support for local businesses and its citizens. Liz Alderman, the chief European business correspondent for The New York Times, joined CBS News to discuss the economic forecast.
What happened to the "American Dream"?
The "American Dream" doesn't mean what it used to for many people. David Leonhardt, author of a new book about American prosperity, "Ours Was the Shining Future," joins CBS News to discuss why the dream has diminished -- and how we can get it back.
U.S. unemployment at lowest level in 8 months
Unemployment claims in the U.S. are at their lowest level in about eight months, with first-time applications falling by 13,000 last week to 198,000. Victoria Guida, an economics policy reporter for Politico, joined CBS News to discuss the numbers.
Why the boomer wealth transfer may be a myth
There is uncertainty surrounding how much wealth baby boomers will be able to hand down to the next generation. Costs of assisted living and medical expenses can significantly deplete the nest egg that boomers have prepared. Ann Logue, a contributor for Insider, joined CBS News to discuss why "the great boomer wealth transfer" could be a myth.
Israel-Hamas war sparks recession concerns
There are growing concerns that the outbreak of war in the Middle East could tip the world economy into a recession. If Israel is brought into direct conflict with Iran, Bloomberg Economics estimates oil prices could soar to $150 per barrel. Sultan Meghji, former chief innovation officer for the FDIC, joined CBS News to discuss the potential economic fallout of the war.
Oil prices surge amid Israel-Hamas war
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
Biden addresses Hamas hostages, economic agenda
President Biden on Friday spoke for over an hour with the families of 14 Americans who are missing following Hamas' attack on Israel. At an event in Philadelphia, he spoke about his conversation with them before an address on his economic agenda.
Household incomes down in 17 states
Census data shows that median household incomes dropped in one-third of U.S. states last year. Many of those 17 states where households lost economic ground are clustered in the Midwest and Northeast, including electoral swing states such as Michigan, Ohio and Pennsylvania. CBS MoneyWatch associate managing editor Aimee Picchi has more.
Incomes are falling in 17 states. Here are the hardest-hit areas.
Many Americans are sour about the economy as median household incomes took a hit in one-third of U.S. states, while stagnating elsewhere.
Social Security benefits to rise 3.2% in 2024
The Social Security Administration said its 2024 cost-of-living adjustment will be 3.2%, a much smaller bump than the 8.7% increase seniors and other beneficiaries received this year. Mark Miller, a contributor to The New York Times, joined CBS News to discuss the adjustment.
Explaining the latest on inflation
The Consumer Price Index rose 0.4% last month with energy and housing prices contributing to the increase. Greg Robb, a senior economic reporter for MarketWatch, joined CBS News to break down the numbers.
Autoworkers walk out at Ford's largest factory as UAW escalates strike
Nearly 9,000 unionized workers at Ford's Kentucky truck plant walked off the job, targeting the automaker's most profitable vehicles.
PPI up slightly higher than expected
The Producer Price Index, measuring how much wholesale goods cost, rose half a percentage point in September, slightly higher than the 0.3% some experts expected. More than 40% of the increase can be attributed to a rise in energy costs. Business journalist Kristin Myers joined CBS News to discuss the numbers.
Nobel in economics awarded for research on workplace gender gap
Claudia Goldin, whose work shed light on the gender gap in pay, is just the third woman out of 93 economics laureates to win the Nobel.
UAW members reject tentative contract deal with Mack Trucks
The United Auto Workers union says members at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday.
Biden's new plan for more manufacturing jobs
During President Biden's remarks today on the September jobs market, he took questions on why sentiments among Americans about the economy may not reflect what the strength this month's data yields. Biden also announced more American jobs in manufacturing. CBS News chief White House correspondent Nancy Cordes has more.
Jobs soared beyond expectations this month
Businesses are still hiring at a high rate as consumer spending remains robust. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News with some of the indicators of where the economy is headed next.
"Surprising" September jobs report
The September jobs report showed that the U.S. economy created 336,000 jobs last month -- a sign that the job market remained strong despite challenges with inflation. Jeanna Smialek, a Federal Reserve and U.S. economy reporter at The New York Times, has more.
U.S. office occupancy rates still low
Bosses across America's biggest cities are still struggling to get workers back into the office. Andrew Keshner, a MarketWatch reporter, joins CBS News with some reasons why the hybrid model continues to prevail after the pandemic.
High costs still making consumers angry
People across the country remain "deeply dissatisfied" with the state of the economy even as the rate of inflation declines. Amara Omeokwe, an economics reporter with The Wall Street Journal, shares her latest reporting on why consumers remain angry.
Senators to visit China amid growing tensions
A bipartisan delegation of U.S. senators will travel to China next week. The visit comes amid a time of persistent disagreement over policies concerning Taiwan, the South China Sea and what the U.S. calls genocide of the country's Uyghur population. Patrick Cronin, Asia-Pacific security chair at the Hudson Institute, joins CBS News to discuss what's at stake for the visit.
Investigation
Whistleblower says DEA let fentanyl pills hit the streets
Hegseth fires Pentagon's top military planner over alleged leaks
El-Sayed's faith, family under scrutiny in campaign. Here's what we know.
Live
Live Updates: Alaska's ballot controversy and more from campaign trail
Live
Ship burns as Iran claims 3 tankers hit mines in Strait of Hormuz
Judge rejects DOJ's push to force California to set aside ballots
Investigation
Classified material missing from Epstein files, documents suggest
Experts react to new findings on CTE in former NFL players
