When will the Fed cut rates? Maybe not in 2024, Fed official cautions
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
Federal Reserve
Why new inflation numbers aren't alarming Fed
The Federal Reserve kept interest rates steady on Wednesday, but officials still anticipate cuts later this year despite two straight months of higher-than-expected inflation. Nick Timiraos, chief economics correspondent at The Wall Street Journal, joins CBS News to discuss the Fed's path forward.
Intel gets $8.5B federal investment for chips
On Wednesday, President Biden unveiled an $8.5 billion agreement with tech giant Intel in Arizona. The funding is part of the CHIPS Act and will create 30,000 manufacturing and construction jobs. Jared Bernstein, White House economic adviser, joins "America Decides" to discuss.
What to know ahead of the Fed's announcement
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
Fed holds interest rates steady
The Federal Reserve announced Wednesday it's leaving the central bank's benchmark interest rate unchanged for now as the U.S. economy shows some signs of inflation persisting in certain sectors. CBS News contributor J.D. Durkin joins business analyst Jill Schlesinger with more on the news.
The Fed holds interest rates steady. Here's the impact on your money.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Fed is meeting today — will it finally cut interest rates?
After two years of rate hikes, Americans are coping with higher costs for all kinds of loans. Here's what to expect from the Fed today.
Fed to issue interest rate decision
The Federal Reserve could cut interest rates Wednesday afternoon, though early reports indicate there won't be any major reduction. For more on the announcement, CBS News was joined by Kristin Myers, editor-in-chief for ETF.com, a company that helps investors and advisers.
Interest rates hit 23-year peak
In a move to combat rising inflation, interest rates have soared to their highest in nearly a quarter-century. The Federal Reserve is concluding a two-day policy meeting today. Their decisions could significantly impact borrowing costs for consumers.
How Fed could react to hot February inflation
Consumer prices climbed again in February, according to a new U.S. Bureau of Labor Statistics report. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss if the increase could change the Fed timeline for a rate drop.
Jobs grow in February, unemployment rises
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
Home prices, mortgage rates remain high
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
Janet Yellen discusses inflation, U.S. economy
Treasury Secretary Janet Yellen sat down with Jo Ling Kent in the battleground state of Michigan for an exclusive interview about the concerns many Americans continue to have about high prices. This comes after inflation rose again in January at a higher rate than expected.
Here's when experts think the Fed could start cutting interest rates
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
Stocks tumble after hot inflation report
The three major stock indexes fell more than one percentage point each Tuesday after a government report showed inflation remained stubbornly high in January. CBS News contributor Javier David joins to unpack the figures.
Jerome Powell: The 2024 60 Minutes Interview
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and more. Scott Pelley reports.
Jerome Powell on SVB's collapse
In an interview with 60 Minutes, chairman Jerome Powell said the Federal Reserve is working on regulations to prevent failures like Silicon Valley Bank.
Federal Reserve Chair Jerome Powell discusses interest rate cut timeline
In a rare interview, Federal Reserve Chair Jerome Powell signaled the U.S. is nearing a long-awaited shift toward cutting interest rates. He shared more on timing and what he's waiting for.
Fed Chair Jerome Powell shares why Fed hasn't yet cut interest rates
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
Chairman Powell I Sunday on 60 Minutes
There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.
Presidential candidates address housing costs
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
When will the Fed cut interest rates?
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
Why the Fed is holding interest rates steady
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
Fed to announce interest rate decision
The Federal Reserve is holding its first rate meeting of the year Wednesday, with interest rates expected to be left unchanged. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joined CBS News with more insight on the Fed's decision-making process.
Federal Reserve holds interest rate steady. Here's what that means.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
Listen Live: Supreme Court hears major case over presidential firing power
The Supreme Court is considering whether removal protections for members of the Federal Trade Commission violate the separation of powers.
Marjorie Taylor Greene says Trump policies are not America First
The relationship between Rep. Marjorie Taylor Greene, one of President Trump's most loyal backers, soured over the Epstein files and disagreements over MAGA policies.
Live
Powerful earthquake hits off Japan, triggering tsunami on northern coast
Japan's Prime Minister Sanae Takaichi said the government set up an emergency task force to urgently assess the extent of damage.
Zelenskyy seeks support as Trump accuses him of not reading peace proposal
White House envoys say the Ukraine peace process hinges "on Russia's readiness," but Mr. Trump is once again voicing disappointment with Kyiv.
Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy Warner Bros. in a deal valued at $82.7 billion.
Golden Globe nominations announced for 2026. See the list.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
Senate focus turns to health care ahead of long-anticipated vote this week
The Senate is set to vote on a Democratic health care proposal this week, a key tenet of the deal to end the government shutdown.
Russia jails soldiers who tortured and killed pro-Moscow American
A court found the soldiers guilty of beating Russell Bentley, 64, to death in April 2024, after they mistook him for a U.S. spy.
Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
U.S.
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Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
White House to announce $12 billion aid package for U.S. farmers
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Alex Murdaugh trial clerk pleads guilty to showing reporter crime scene photos
Former South Carolina court clerk Becky Hill has pleaded guilty to showing sealed court exhibits to a photographer and lying about it in court.
Wisconsin Cinnabon worker fired after shouting racist slurs at customers
A Cinnabon worker in Wisconsin has been fired after a racist outburst directed at two customers went viral, the company said.
Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
MoneyWatch
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Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
White House to announce $12 billion aid package for U.S. farmers
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Trump's new H1-B visa fees could leave rural health care as collateral damage
Dozens of health care organizations have asked the Trump administration to shield the doctors, nurses, and techs they need to fill shortages from a $100,000 visa fee for skilled foreign workers.
Fine against Southwest for 2022 winter storm cancellations waived by DOT
Under a 2023 settlement reached by the Biden administration, Southwest agreed to a $140 million civil penalty after the company canceled thousands of flights during a winter storm in 2022.
Politics
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White House to announce $12 billion aid package for U.S. farmers
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Senate focus turns to health care ahead of long-anticipated vote this week
The Senate is set to vote on a Democratic health care proposal this week, a key tenet of the deal to end the government shutdown.
Listen Live: Supreme Court hears major case over presidential firing power
The Supreme Court is considering whether removal protections for members of the Federal Trade Commission violate the separation of powers.
Colin Allred exiting Democratic primary in Texas Senate race
Allred will instead seek the Democratic nomination in the Dallas-based 33rd Congressional District.
Exclusive
Beshear takes on national role as Dems eye governors to get to the White House
Kentucky Gov. Andy Beshear is leading the Democratic Governors Association for the 2026 midterms, with fellow potential presidential candidate Michigan Gov. Gretchen Whitmer handling a vice chair post.
HealthWatch
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Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Details on CDC Hepatitis B vaccine decision
The Centers for Disease Control and Prevention's vaccine advisory panel on Friday voted to not recommend the Hepatitis B vaccine for everyone at birth, alarming many in the medical community. CBS News medical contributor Dr. Celine Gounder explains what to know about the decision and its potential impact.
Controversial appointee rocks FDA like "an atom bomb," scientists there say
The Trump administration's elevation of Dr. Tracy Beth Høeg to lead a high-profile office within the Food and Drug Administration is raising alarm among multiple senior FDA officials.
California warns against foraging mushrooms after cluster of poisonings, 1 death
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
Artist who fought for diagnosis turns incurable cancer journey into art
Nardiz Cooke was immediately transfixed by the mask she wore while receiving treatment for late-stage cancer.
World
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Zelenskyy seeks support as Trump accuses him of not reading peace proposal
White House envoys say the Ukraine peace process hinges "on Russia's readiness," but Mr. Trump is once again voicing disappointment with Kyiv.
13 inmates found dead after explosion at prison in Ecuador
The deaths occurred Sunday at a prison in the coastal city of Machala, Ecuador, after "the detonation of an explosive device" outside, officials said.
Live
Powerful earthquake hits off Japan, triggering tsunami on northern coast
Japan's Prime Minister Sanae Takaichi said the government set up an emergency task force to urgently assess the extent of damage.
Russia jails soldiers who tortured and killed pro-Moscow American
A court found the soldiers guilty of beating Russell Bentley, 64, to death in April 2024, after they mistook him for a U.S. spy.
U.K. woman stitches strength into neurodiversity-themed fashion startup
Mille Haywood is overcoming her own mental health challenges and helping others with clothes that offer "comfort hugs," and a "Slay-DHD" attitude.
Entertainment
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Golden Globe nominations announced for 2026. See the full list.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
Golden Globe nominees announced
"CBS Mornings" reveals the nominees for some of the Golden Globe Awards' biggest categories. Plus, Fandango managing editor Erik Davis breaks down the nominations.
Trump hosts Kennedy Center Honors, a first for a president
President Trump hosted the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Book excerpt: "The Colonel and the King" by Peter Guralnick
Elvis Presley biographer Peter Guralnick's latest book traces the relationship between the King and Colonel Tom Parker, a manager whose marketing savvy helped launch a rock 'n' roll revolution.
Author Jan Karon on returning to Mitford: "I know that we don't have forever anymore"
The bestselling author had said she would no longer write novels set in the make-believe mountain village of Mitford. After the death of her daughter, she wrote through her grief – which led to her 15th Mitford book, "My Beloved."
Technology
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Technology
Waymo fallout amid school bus safety issues
Waymo, the ride-hailing service, says it is planning a voluntary software recall to fix a glitch after reports its self-driving cars don't stop for school buses. The company has already tried to fix the issue, but police in Texas said it didn't work. Kris Van Cleave reports.
2025 holiday gift ideas from Techno Claus
Who dresses as St. Nick and speaks an odd brogue? Why, it's Techno Claus, a.k.a. David Pogue! He offers "Sunday Morning" viewers his valuable tips for the gadget lovers on your gift-giving list.
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.
There's a new face in Hollywood, generated by AI
Tilly Norwood is unlike any other aspiring TV or movie star: Tilly is entirely generated by artificial intelligence. What might that mean for the media industry?
There's a new face in Hollywood, generated by AI
Tilly Norwood is unlike any other aspiring TV or movie star: Tilly is entirely generated by artificial intelligence. Jo Ling Kent talks with Tilly's creator, Eline Van der Velden, about her goal of producing "the Scarlett Johansson of the AI genre." Kent also talks with Kevin Reilly, CEO of Kartel ai, a Beverly Hills tech startup; and with SAG-AFTRA president Sean Astin, about the impact of AI on Hollywood and the actors' union.
Science
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
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13 inmates found dead after explosion at prison in Ecuador
The deaths occurred Sunday at a prison in the coastal city of Machala, Ecuador, after "the detonation of an explosive device" outside, officials said.
Greene speaks out rift with Trump
Rep. Marjorie Taylor Greene, a Republican from Georgia, spoke out on "60 Minutes" about her dynamic with President Trump ever since she joined calls for the release of files on Jeffrey Epstein. CBS News' Nikole Killion reports.
Newly released video in Mangione case
Luigi Mangione, the suspect in the muder of United Healthcare CEO Brian Thompson, returns to court Monday. Prosecutors say newly released surveillance video shows the moments before and after the deadly shooting last year. Prosecutors also released new photos of what Mangione was allegedly carrying the day of his arrest.
Russia jails soldiers who tortured and killed pro-Moscow American
A court found the soldiers guilty of beating Russell Bentley, 64, to death in April 2024, after they mistook him for a U.S. spy.
Hitmen ambush and kill journalist who covered corruption
Fernando Nunezwas shot and killed by hitmen while returning from an assignment and his brother was critically injured, the ANP said.
Space
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
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.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
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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Zelenskyy speaks with European leaders
Ukrainian President Volodymyr Zelenskyy is in London Monday to meet with European leaders after an initial U.S. proposal for a ceasefire with Russia last week. Critics say the deal fails to protect Ukraine or other countries in Europe. Ramy Inocencio reports.
Trump reacts to Marjorie Taylor Greene claims
President Trump responded on social media to some of Rep. Marjorie Taylor Greene's statements on "60 Minutes" about the Republican Party. CBS News' Nikole Killion has more.
2026 Golden Globes nominations announced
The nominees for the 2026 Golden Globes were announced on Monday morning. Fandango's Erik Davis joins CBS News with his takes.
Latest from Zelenskyy's Europe meeting
Ukrainian President Volodymyr Zelenskyy met with the leaders from France, Germany and the United Kingdom in London on Monday as part of his push to end his country's war with Russia. CBS News foreign correspondent Ramy Inoncenio has the latest details.
New Orleans residents react to ICE sweeps
The Trump administration's immigration sweeps in New Orleans are in their second week. One resident, who told CBS News' Kati Weis that she was born and raised in the U.S., explains how she was chased down the street by agents.