Here's the financial impact of the Fed's pause on rate cuts
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
Federal Reserve
Federal Reserve holds rates steady
The Federal Reserve did not apply a cut to its benchmark rate as inflation remains stubborn. CBS News business analyst Jill Schlesinger has more.
The Federal Reserve should resist pressure from Trump, experts say
President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
Fed expected to leave rates unchanged
The Federal Reserve on Wednesday will make its first interest rate decision of the second Trump administration with economists predicting rates will remain unchanged. CBS News business analyst Jill Schlesinger has more.
Fed to make next interest rate decision
On Wednesday, the Federal Reserve will make its first interest rate decision since President Trump took office. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what to expect.
Breaking down Trump's tariff threat at Davos
President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution, joins "America Decides" to examine Trump's remarks.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Stock market plunges after December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
Where are mortgage, CD and credit card rates heading in 2025?
The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in 2025.
What is the state of the job market?
The number of Americans applying for unemployment benefits fell slightly last week. Meanwhile, the average 30-year mortgage rate hit 6.85%, the highest since July. CBS News contributor Javier David breaks it down.
The impact of sticky inflation on Americans
2024 was a departure from the high inflation numbers of just two years ago, but the fight against rising prices is not over. CBS News MoneyWatch correspondent Kelly O'Grady looks back on the biggest economic and business stories of the year.
Mortgage rates increase despite Fed's rate cut
The Federal Reserve announced its third interest rate cut of the year this week. But despite the good news for consumers, mortgage rates are still rising. Bankrate senior industry analyst Ted Rossman joins "The Daily Report" to discuss.
Federal Reserve slashes rates again
The Federal Reserve said it is lowering rates by a quarter of a percentage point on Wednesday, marking a full percentage point drop since September. CBS News business analyst Jill Schlesinger explains the impact on your finances.
Dow plunges after Powell's comments on rate cuts
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
The Fed's rate cuts impact on Americans
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
Fed makes final 2024 interest rate decision
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
Fed lowers rates by 0.25 percentage point, but expects fewer cuts
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
Jerome Powell on U.S. economy after cut
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.
Here's how the Fed's interest rate cut today could impact your money
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
Federal Reserve cuts interest rate again
The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.
Federal Reserve decision coming
The Federal Reserve is set to announce a potential reduction to the interest rate, its final potential move in 2024. CBS News' Kelly O'Grady has more on what's expected.
Fed expected to make another rate cut
CBS News business analyst Jill Schlesinger speaks with "CBS Mornings" about what to expect and the impact of the Federal Reserve's final interest rate decision of 2024, which happens Wednesday.
Fed expected to make another interest rate cut
The Federal Reserve on Wednesday will make its final interest rate decision of 2024 with a 0.25 percentage point cut expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Why Wall Street is anticipating Trump's term
President-elect Donald Trump returned to his hometown of New York City on Thursday to ring the opening bell at the New York Stock Exchange. Wall Street investors seem to have embraced the incoming administration as all three major indexes have hit record highs since Election Day. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
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Iran insists it's ready for a new U.S. attack as Trump arrives in China
Iran's military says it's trained and ready for any new U.S. assault as Trump predicts a "long talk" about the war with China's President Xi in Beijing.
Senate defeats 7th attempt to limit Trump on Iran, despite new GOP defection
The Senate rejected another attempt by Democrats to limit President Trump's ability to use military force against Iran, but one new Republican senator voted in favor of advancing the measure.
Court overturns Alex Murdaugh's murder convictions, orders new trial
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Exclusive
Netanyahu made secret visit to UAE to meet with country's president
Israeli Prime Minister Benjamin Netanyahu made a secret visit to the United Arab Emirates recently, where he met with Mohammed bin Zayed, the country's president.
Amid fraud probe, Medicare pauses new enrollments for hospice providers
The Trump administration announced Wednesday that it would be put a six-month moratorium on new Medicare enrollments by hospice and home health agencies to target fraud.
Convicted Utah author's son reveals new details about night his dad died
Prosecutors said Kouri Richins laced her husband's cocktail with five times the lethal dose of fentanyl in 2022.
Justice Department investigating oil market trading, sources say
The Justice Department is probing suspicious trading timed to market swings, two sources say.
Overdose deaths fall for 3rd straight year, CDC data shows
This marks the longest decline in overdose deaths in decades, according to preliminary government data.
Sponsored
How diet and nutrition may help boost your brain health
Alzheimer's Association CEO and president Joanne Pike shares some recommendations on which foods to eat, and which foods to limit, for better brain health. (Sponsored by the Alzheimer's Association.)
U.S.
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Senate defeats 7th attempt to limit Trump on Iran, despite new GOP defection
The Senate rejected another attempt by Democrats to limit President Trump's ability to use military force against Iran, but one new Republican senator voted in favor of advancing the measure.
Overdose deaths fall for 3rd straight year, CDC data shows
This marks the longest decline in overdose deaths in decades, according to preliminary government data.
Justice Department investigating oil market trading, sources say
The Justice Department is probing suspicious trading timed to market swings, two sources say.
Top U.S. CEOs worth nearly $1 trillion accompany Trump to China
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
Court overturns Alex Murdaugh's murder convictions, orders new trial
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
MoneyWatch
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Top U.S. CEOs worth nearly $1 trillion accompany Trump to China
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
Will Trump seek investment to join China in a "dark factory" future?
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
Businesses starting to receive their IEEPA tariff refunds
"I'd been checking the status feverishly to see if anything was in my bank account," one small business owner said.
Searing U.S. energy prices are driving the hottest inflation in years
CPI gas price index has surged 28% from a year ago, while overall energy costs are up nearly 18%, new inflation data shows.
Social Security's cost-of-living adjustment could reach nearly 4% in 2027
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
Politics
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Exclusive
Netanyahu made secret visit to UAE to meet with country's president
Israeli Prime Minister Benjamin Netanyahu made a secret visit to the United Arab Emirates recently, where he met with Mohammed bin Zayed, the country's president.
Senate defeats 7th attempt to limit Trump on Iran, despite new GOP defection
The Senate rejected another attempt by Democrats to limit President Trump's ability to use military force against Iran, but one new Republican senator voted in favor of advancing the measure.
Justice Department investigating oil market trading, sources say
The Justice Department is probing suspicious trading timed to market swings, two sources say.
Amid fraud probe, Medicare pauses new enrollments for hospice providers
The Trump administration announced Wednesday that it would be put a six-month moratorium on new Medicare enrollments by hospice and home health agencies to target fraud.
Developer scraps Trump Tower Australia plans, citing Iran war
The Trump Organization says its former Australian construction partner is just distracting from "his own defaults and failures" as he bails on plans for a Trump Tower.
HealthWatch
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Overdose deaths fall for 3rd straight year, CDC data shows
This marks the longest decline in overdose deaths in decades, according to preliminary government data.
Sponsored
How diet and nutrition may help boost your brain health
Alzheimer's Association CEO and president Joanne Pike shares some recommendations on which foods to eat, and which foods to limit, for better brain health. (Sponsored by the Alzheimer's Association.)
Sponsored
How can movement boost your brain health?
A recent survey by the Alzheimer's Association found most adults think maintaining brain health is very important, but they don't know what steps to take. (Sponsored by the Alzheimer's Association.)
Sponsored
How exercise can improve brain health
Daily physical activity is one of the important steps to building healthy habits to lower the risk of dementia. As part of a three-part series, "Brain Health: From Awareness to Action," Alzheimer's Association President and CEO Joanne Pike joins "CBS Mornings" with tips on incorporating exercise into your routine as part of their "(re)think your brain" initiative. Learn more about their "6-Step Challenge" at rethinkyourbrain.org (Sponsored by the Alzheimer's Association)
Exclusive
Parents sue OpenAI over teen's death after he used ChatGPT to get drug info
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
World
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Exclusive
Netanyahu made secret visit to UAE to meet with country's president
Israeli Prime Minister Benjamin Netanyahu made a secret visit to the United Arab Emirates recently, where he met with Mohammed bin Zayed, the country's president.
Senate defeats 7th attempt to limit Trump on Iran, despite new GOP defection
The Senate rejected another attempt by Democrats to limit President Trump's ability to use military force against Iran, but one new Republican senator voted in favor of advancing the measure.
Bear kills worker at uranium mining facility in Canada
A black bear killed a man working for a Canadian uranium exploration and acquisition company in Saskatchewan.
Princess Kate visits Italy on first overseas trip after cancer treatment
Catherine, the Princess of Wales, is in Italy for her first foreign trip after undergoing cancer treatment.
Developer scraps Trump Tower Australia plans, citing Iran war
The Trump Organization says its former Australian construction partner is just distracting from "his own defaults and failures" as he bails on plans for a Trump Tower.
Entertainment
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Entertainment
Geena Davis talks new series "The Boroughs"
Actor Geena Davis talks about starring in the new series "The Boroughs," if there are parallels between herself and the character she plays, and why she's drawn to supernatural projects. She also addresses representation in the entertainment industry.
"Top Gun" celebrates 40 years
The action movie "Top Gun," starring Tom Cruise, was released 40 years ago. To celebrate its anniversary, the film and its sequel, "Top Gun: Maverick," are returning to AMC theaters nationwide for one week. Vladimir Duthiers reports.
Stars of "Dutton Ranch" on reprising roles
Kelly Reilly and Cole Hauser, the stars and executive producers of "Dutton Ranch," sit down with "CBS Mornings" to talk about reprising their "Yellowstone" roles for the series spinoff. The series premieres May 15 on Paramount+.
Dua Lipa alleges Samsung uses copyrighted image of her to sell TVs
Pop singer accuses electronics manufacturer Samsung of using a copyrighted image of her face to sell TVs.
Annette Bening talks "Dutton Ranch"
Annette Bening talks about starring in the "Yellowstone" spinoff "Dutton Ranch," why she wanted to play her character and learning to ride a horse for the role.
Technology
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Technology
The good behind the rise of AI
Josh Tyrangiel, a producer, journalist and author, breaks down the potentially positive uses of artificial intelligence amid concerns. Tyrangiel explains how AI can help solve meaningful problems and breaks down its use in schools.
OpenAI CEO Sam Altman testifies at trial
In federal court on Tuesday, OpenAI CEO Sam Altman testified about his leadership and pushed back against claims made by co-founder Elon Musk. Musk, who has since launched his own AI company, is suing Altman and OpenAI, claiming it flipped its original structure as a neutral nonprofit in favor of a for-profit business.
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.
White House invites business titans on China trip
The White House invited 16 top U.S. executives to join President Trump on his trip to China. CBS News contributor Patrick McGee joins "The Takeout" to discuss what the move could signal to Beijing.
Latest details on Musk-OpenAI court battle
OpenAI CEO Sam Altman took the stand on Tuesday to defend himself against a lawsuit brought by his former business partner, Elon Musk. Paresh Dave, senior writer for Wired, joins to unpack the case so far.
Science
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Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Trump: UFO files released for transparency
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
"The Age of Disclosure" director on UFO files
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Crime
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Crime
Court overturns Alex Murdaugh's conviction
The South Carolina Supreme Court overturned the murder convictions against Alex Murdaugh and ordered a new trial. Murdaugh was found guilty in 2023 of killing his wife and son in 2021. The court questioned "improper" conduct by the county clerk, Becky Hill, who later wrote a book about her time working on the trial. CBS News legal contributor Jessica Levinson has more.
Court overturns Alex Murdaugh's murder convictions, orders new trial
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Judge shot dead while heading to gym without her bodyguards
Lady Pachar was shot that day while traveling by car to a gym in the southwestern city of Machala.
Convicted Utah author's son reveals new details about night his dad died
Prosecutors said Kouri Richins laced her husband's cocktail with five times the lethal dose of fentanyl in 2022.
New details about Boston-area highway gunman
The suspect who allegedly fired into a major road near Boston had prior criminal convictions. Jericka Duncan reports on new details about the shooting and the suspect.
Space
More Space
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
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
Netanyahu confirms secret visit to UAE
Israeli Prime Minister Benjamin Netanyahu made a secret visit to the United Arab Emirates recently, his office confirmed Wednesday. CBS News Middle East contributor Courtney Kealy has more.
Guantanamo Bay mostly empty
President Trump said at the beginning of his second presidential term that the U.S. would hold 30,000 migrants at the Guantanamo Bay detention center in Cuba, but the facility remains mostly empty. CBS News' Camilo Montoya-Galvez reports.
Court overturns Alex Murdaugh's conviction
The South Carolina Supreme Court overturned the murder convictions against Alex Murdaugh and ordered a new trial. Murdaugh was found guilty in 2023 of killing his wife and son in 2021. The court questioned "improper" conduct by the county clerk, Becky Hill, who later wrote a book about her time working on the trial. CBS News legal contributor Jessica Levinson has more.
Skin cancer cases rising in U.S., report says
New data on skin cancer in the U.S. makes a stronger case for monitoring and preventative measures. Joseph Sardano, the CEO of Sensus Healthcare, joins CBS News with more details.
Trump in China for high-stakes summit with Xi
President Trump is meeting in Beijing with Chinese President Xi Jinping in a highly-anticipated summit. The two world leaders are expected to discuss Iran, Taiwan, trade and more. Weijia Jiang has the latest.