Fed lowers rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Federal Reserve
Why the Fed cut rates for first time in 4 years
The Federal Reserve cut interest rates by half a percentage point Wednesday after introducing several rate hikes throughout the pandemic. Martin Baccardax, chief markets correspondent for TheStreet, joins CBS News to explain the Fed's move.
Federal Reserve enacts first rate cut since 2020
The Federal Reserve lowered interest rates by half a percentage point Wednesday, more than expected. It's the first rate cut since the pandemic in 2020, and the largest cut since the 2008 financial crisis. Jo Ling Kent has more on what the move means.
Fed cuts rates in final stretch of 2024 race
The Federal Reserve lowered interest rates by half a percentage point on Wednesday, its first cut in more than four years. The decision came on a busy day for the Trump and Harris campaigns. CBS News' Jo Ling Kent, Nikole Killion and Aaron Navarro have the latest.
Biden economic adviser unpacks Fed rate cut
The Federal Reserve reduced its benchmark interest rate for the first time in more than four years on Wednesday. The move will directly impact the finances of millions of Americans. Jared Bernstein, chair of the White House Council of Economic Advisers, joins "America Decides" to discuss.
Here's how the Fed's rate cut could impact your credit card balance
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Federal Reserve cuts interest rates
The Federal Reserve has announced a cut to interest rates by 0.50 percentage points. This is the first cut to its benchmark interest rate since March 2020. CBS News business analyst Jill Schlesinger and Al Root, an associate editor at Barron's, break down the news.
Interest rates expected cut from the Fed
The Federal Reserve is expected to announce the first interest rate cut since 2020. CBS News business analyst Jill Schlesinger breaks down what economists predict may occur during today's announcement.
Previewing the Fed decision on rate cuts
The Federal Reserve is expected to cut interest rates Wednesday for the first time in four years, but how big could the cut be? CBS News contributor Javier David has a preview of the decision.
PPI data meets expectations
Wall Street opened with a bumpy start Thursday after the producer price index in August rose in line with expectations. CBS News contributor Javier David discusses how the data might affect the Federal Reserve's interest rate decision next week.
U.S. inflation drops to lowest level in years
Inflation cooled further in August, falling to a three-year low and cementing views that the Federal Reserve will soon start cutting interest rates. Martin Baccardax, senior editor and chief markets correspondent for the Street, joins to discuss.
Inflation eases ahead of expected rate cuts
The inflation rate dropped to 2.5% in August, according to the latest data from the Labor Department, a further sign that the Federal Reserve will enact interest rate cuts when it meets next week. Jo Ling Kent has details.
High prices despite cooling inflation
The Federal Reserve could cut interest rates during its Sept. 18 meeting after months of no change. CBS News business analyst Jill Schlesinger breaks down why consumer prices remain high despite inflation dropping to its lowest level since early 2021.
August CPI report shows 0.2% inflation rise
The Consumer Price Index rose 0.2% in August, the same as July, putting the 12-month inflation rate at 2.5%. CBS News contributor Javier David has a look at the numbers and what they might mean for interest rates.
Jobs report falls short of expectations
The U.S. added 142,000 jobs in August, the Labor Department reported Friday, which was below forecasts, although the unemployment rate ticked down to 4.2%. Economists still overwhelmingly anticipate an interest rate cut from the Federal Reserve in mid-September. Jo Ling Kent has details.
U.S. employers add 142,000 jobs in August
The U.S. added 142,000 jobs in August, slightly below economists' expectations while unemployment decreased from 4.3% to 4.2%. CBS News business analyst Jill Schlesinger has more on what that means for the Federal Reserve's upcoming decision on interest rates.
Will the Federal Reserve cut rates?
The Federal Reserve is expected to cut interest rates in September as inflation appears to cool. CBS News contributor Javier E. David has more on what to expect.
Powell signals interest rate cuts coming
Federal Reserve Chair Jerome Powell signaled Friday that the economy is ready for interest rate cuts, a move economists have been expecting will take place in September. CBS News contributor Javier E. David has more.
Goolsbee: It isn't a "certainty" that Fed will lower interest rates
Austan Goolsbee, the president and CEO of the Federal Reserve Bank of Chicago, tells "Face the Nation with Margaret Brennan," that he doesn't think it's a "certainty" that the Federal Reserve will lower interest rates in September. "We've been making clear for a while what economic conditions would be appropriate for us to cut rates, for us to hold rates where and they are and things like that."
Inflation drops below 3% for first time since 2021
The Labor Department reported Wednesday that consumer prices rose just 2.9% in July, the first time the year-over-year inflation rate has dropped below 3% since March of 2021. However, despite the good economic data, for many Americans monthly expenses such as rent, auto insurance and electricity remain stubbornly high. Jo Ling Kent reports.
Consumers saying "enough's enough" is helping to tame inflation
The great inflation spike of the past three years is nearly spent - and economists credit American consumers themselves for helping to slay it.
What the Federal Reserve is likely to do after stock selloff
A stock market rout and slower economic growth could soon lead to lower borrowing costs. Here's what experts think the Fed will do with interest rates.
Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
Trump and Zelenskyy say they're nearly in agreement on Ukraine peace plan
President Trump met with Ukrainian President Volodymyr Zelenskyy on Sunday after he said he had a "good and very productive" call with Russian President Vladimir Putin.
Bank of America CEO warns market "will punish people" without independent Fed
Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
Exclusive
Bondi Beach shooting hero says he just wanted to save innocent people
Ahmed al Ahmed, the man hailed as a hero for disarming one of the gunmen behind a deadly antisemitic attack on Australia's Bondi Beach, says he just wanted to save innocent people.
Brigitte Bardot, 1960s cinema icon and animal rights activist, dies at 91
At the height of a cinema career that spanned some 28 films and three marriages, Brigitte Bardot came to symbolize a nation bursting out of bourgeois respectability.
Top news headlines of 2025 month-by-month
From political upheavals and gun violence, to the first American-born pope, "Sunday Morning" host Jane Pauley looks back at key events of a transformative year in U.S. history.
South Korean mine could soon supply the U.S. with a critical mineral
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the U.S. desperately needs for defense.
Ski patrol strike shuts down Colorado's popular Telluride resort indefinitely
The Telluride Ski Resort in Mountain Village, Colorado, was shuttered Saturday, with no date set for reopening, due to a labor dispute with the ski patrol union over wages.
Gas line explosion shuts down major Southern California freeway
Several lanes of the 5 Freeway were closed and a shelter-in-place order was issued to residents in Castaic, California, after a gas line ruptured on Saturday.
Tracking winter "bomb cyclone" snarling flights. Maps show the latest forecast
More than 51 million Americans live in areas under winter storm alerts stretching from northern Minnesota to the Eastern Seaboard.
U.S.
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Full transcript of "Face the Nation with Margaret Brennan," Dec. 28, 2025
On this "Face the Nation with Margaret Brennan" broadcast, CBS News correspondents Major Garrett, Robert Costa, Jan Crawford, Jennifer Jacobs and Scott MacFarlane join Margaret Brennan.
South Korean mine could soon supply the U.S. with a critical mineral
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the U.S. desperately needs for defense.
"Hail and farewell": A tribute to those we lost in 2025
"Sunday Morning" looks back at some of the newsworthy men and women who passed away this year – from musicians and storytellers, to activists and statesmen – who touched us with their creativity and humanity.
Luke Burbank on making realistic New Year's resolutions
Forget about hitting the gym, or signing up for a foreign language app. Luke Burbank resolves to do far better with his New Year's resolutions in 2026 by committing to goals he can actually keep … probably.
The history of the New Year's Eve ball drop
Since 1907, New Yorkers have marked the New Year with the ceremonial dropping of a huge ball in Times Square. Now, a brand-new ball, covered with more than 5,000 handcrafted Waterford Crystal discs, will help ring in 2026.
MoneyWatch
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Bank of America CEO warns market "will punish people" without independent Fed
Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
Planning to return unwanted Christmas gifts? You may be charged fees.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
U.S. stocks hover at record highs after the Christmas holiday
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
Here's what is open on the day after Christmas, from retailers to banks
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
5 money moves to make in 2026, according to financial experts
As many Americans head into 2026 with mounting money worries, reviewing your finances now could help put you on firmer footing next year.
Politics
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Full transcript of "Face the Nation with Margaret Brennan," Dec. 28, 2025
On this "Face the Nation with Margaret Brennan" broadcast, CBS News correspondents Major Garrett, Robert Costa, Jan Crawford, Jennifer Jacobs and Scott MacFarlane join Margaret Brennan.
Trump and Zelenskyy say they're nearly in agreement on Ukraine peace plan
President Trump met with Ukrainian President Volodymyr Zelenskyy on Sunday after he said he had a "good and very productive" call with Russian President Vladimir Putin.
Bank of America CEO warns market "will punish people" without independent Fed
Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Dec. 28, 2025
The following is the transcript of the interview with Bank of America Chairman and CEO Brian Moynihan that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025. Editor's note: This interview was filmed on Dec. 17, 2025.
Trump calls for release of any Epstein files naming Democrats: "Embarrass them"
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
HealthWatch
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HealthWatch
Flu cases skyrocket across the U.S
Nearly five million flu cases have been reported nationwide, the CDC estimates, and at least 1,900 people have died from the virus. "CBS Saturday Morning" has more on why this year's strain is breaking records.
Baby defies all odds after growing outside his mom's womb
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
FDA approves Wegovy pill for weight loss
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
Aetna to cover IVF treatments for same-sex couples in national settlement
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Flu season is ramping up, and some experts are "pretty worried"
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
World
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Exclusive
Bondi Beach shooting hero says he just wanted to save innocent people
Ahmed al Ahmed, the man hailed as a hero for disarming one of the gunmen behind a deadly antisemitic attack on Australia's Bondi Beach, says he just wanted to save innocent people.
Knife attack in Suriname kills at least 9 people, police say
The attack took place in Richelieu in the Commewijne district about 25 kilometers (15 miles) east of Paramaribo.
Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Dec. 28, 2025
The following is the transcript of the interview with Bank of America Chairman and CEO Brian Moynihan that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025. Editor's note: This interview was filmed on Dec. 17, 2025.
South Korean mine could soon supply the U.S. with a critical mineral
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the U.S. desperately needs for defense.
1,000-pound U.S.-made WWII bomb found in Belgrade construction site
Unexploded bombs dating back to past wars have been discovered in Serbia and around the world in recent years.
Entertainment
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Entertainment
MetroCard art: Swiping beauty from the mundane
On December 31, New York City will officially retire the transit system's MetroCard, that ubiquitous piece of plastic used to gain entrance onto subways and buses. But there is beauty in using MetroCards as the raw materials for art, as Thomas McKean has found in his collages and miniature sculptures depicting portraits of city life. Serena Altschul reports.
2025: The year's top books
"Sunday Morning" checks out the bestselling fiction and non-fiction of the past year.
2025: The year's top movies
"Sunday Morning" checks out the highest-grossing films of the past year.
2025: The year's top music
"Sunday Morning" checks out Spotify's top streaming hits of the past year.
The Book Report: Ron Charles' picks from 2025
The Washington Post book reviewer offers "Sunday Morning" viewers his picks for fiction and non-fiction titles to add to their New Year's reading lists.
Technology
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Technology
Instacart ending AI price tests for retailers
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Tech companies push for data centers
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
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.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart to end AI price tests for retailers following investigation
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
Science
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Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
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Knife attack in Suriname kills at least 9 people, police say
The attack took place in Richelieu in the Commewijne district about 25 kilometers (15 miles) east of Paramaribo.
Man says wife was killed by pipe coming through car windshield
Todd Kendhammer said his wife Barbara was killed in a freak accident, but a Wisconsin jury didn't believe him. Can his new attorneys upend the case with what they say is critical new evidence?
Man charged with fatal shooting of woman during backyard target practice
The victim was sitting with her family under a covered porch several blocks away when she was hit by a bullet, according to a probable cause affidavit.
Dad uses cellphone data to rescue missing daughter, police say
After a teen didn't return from walking her dog, her dad used cellphone data to find her in a secluded area two miles away.
What's next on the Epstein files release?
Lawmakers may take action against the Department of Justice for the delayed release of the Jeffrey Epstein files. CBS News legal contributor Jessica Levinson weighs in.
Space
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Space
NASA's search for next lunar rover
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
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
Bondi Beach hero on disarming gunman
Ahmed al Ahmed, the man who disarmed one of the Bondi Beach gunmen, tells CBS News, "I know I saved lots, but I feel sorry still for the lost."
Trump, Zelenskyy meet at Mar-a-Lago
President Trump and Ukrainian President Volodymyr Zelensky are meeting at Mar-a-Lago on Sunday as they work toward a peace plan for Russia and Ukraine. Mr. Trump confirmed that he spoke with Russian President Vladimir Putin ahead of the meeting. CBS News' Jericka Duncan reports.
Face the Nation: Correspondents' panel
Missed the second half of the show? CBS News contributors Samantha Vinograd and Christopher Krebs join, plus our correspondents panel: Major Garrett, Robert Costa, Jan Crawford, Jennifer Jacobs and Scott MacFarlane join Margaret Brennan
Top national security threats in 2026
CBS News contributors Samantha Vinograd, a former top Homeland Security official in the Obama administration, and Christopher Krebs, the former director of the Cybersecurity and Infrastructure Security Agency, discuss what national security threats the U.S. is facing in 2026. Editor's note: This segment was filmed on Dec. 21, 2025.
Full interview: Brian Moynihan
Watch Margaret Brennan's full interview with Bank of America CEO Brian Moynihan, a portion of which aired on Dec. 28, 2025. Editor's note: This interview was recorded on Dec. 17, 2025.