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.
Federal Reserve
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.
Why are prices still stubbornly high?
The annual inflation rate in the U.S. ticked up slightly in November. The Bureau of Labor Statistics reported that the Consumer Price Index for all items rose 2.7% in the past year, which was in line with economists' expectations. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Albertsons sues Kroger after merger blocked
Grocery giant Albertsons called off its nearly $25 billion merger with Kroger after a federal judge temporarily blocked the union Tuesday in an effort to protect consumers from increasing costs. Albertsons is also suing the rival grocery chain, claiming Kroger willfully breached the merger agreement. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Appeals court upholds potential TikTok ban
A federal appeals court upheld a law Friday that would ban TikTok in the U.S. if the app's Chinese parent company, ByteDance, does not sell it. TikTok and ByteDance could still appeal the case to the Supreme Court. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the challenges of reaching a deal, with the law set to take effect on Jan. 19.
Assessing potential impact of Trump's tariffs
Americans are bracing for President-elect Donald Trump's proposed tariff hikes on imported goods. CBS News MoneyWatch correspondent Kelly O'Grady looks at the potential economic impact. Then, small business owner Andy Gossett joins to discuss what the tariffs would mean for his outdoor sporting goods company.
What inflation data means for consumers
The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on what it means for consumers.
Inflation ticks up for first time since March
The consumer price index in October rose 2.6% year-over-year, the Labor Department reported Wednesday, a higher rate than September's 2.4%. The uptick means the Federal Reserve's 2% target rate is further out of reach. Kelly O'Grady reports.
What to know about new inflation data
if a rise in inflation becomes a trend it could affect the Federal Reserve's quest to reach its target rates and keep the economy healthy. CBS News' Kelly O'Grady has more on the new data.
Inflation rises slightly
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
Analyzing the stock surge after Trump's win
The stock market hit pause Tuesday on its record-setting spike after President-elect Donald Trump's victory, but what comes after the honeymoon? CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to dive into the market surge and the months ahead.
Fed Chair Powell says he won't resign if Trump asks him to step down
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
Powell vows to stay on as Fed Chair
Federal Reserve Chairman Jerome Powell said he would not step down if pressured by President-elect Trump. The Fed also cut interest rates by one quarter of a percentage point. MoneyWatch correspondent Kelly O'Grady has the details.
What the Fed interest rate cut means for you
Federal Reserve Chair Jerome Powell announced an interest rate cut Thursday for the second time in the last three months as inflation continues to decline. CBS News contributor Javier E. David has more on what that might mean for you.
Here's the impact of the Fed's rate cut decision today
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
Fed cuts interest rates another quarter-point
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.
Senate GOP members fight for leadership role
CBS News estimates that control of the House of Representatives is lean Republican. Meanwhile, the GOP flipped the Senate with longtime leader Mitch McConnell stepping down from the role. CBS News congressional correspondent Nikole Killion has more.
What does Fed rate cut say about the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly O'Grady looks at what impact the decision could have on the economy.
The Federal Reserve lowers interest rates by 0.25 percentage points
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Live
U.S., Iran hold first talks since June as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
DOJ defends Trump media ban, citing national security and "professionalism"
The Justice Department claimed that reporting from CNN, MS NOW and Politico raises national security concerns and accused their journalists of failing to act with "professionalism and decorum."
Exclusive
Ukraine ready to sign landmark drone defense deal with U.S., sources say
Sources tell CBS News that Ukraine is ready to sign a landmark drone defense deal with the U.S., as new details of Ukrainian technology helping defend U.S. bases in the Middle East come to light.
Harvey Weinstein sentenced to 15 years in New York sexual assault case
Harvey Weinstein, the disgraced movie mogul, was sentenced to 15 years in prison Wednesday morning for sexually assaulting Miriam Haley at his Manhattan apartment in 2006.
Wife of scholar detained in China wants Trump to press Xi to release him
Min Zin, a Myanmar scholar, has been held for more than 100 days at what human rights groups say is a "black site" in China.
Hurricane Polo a very powerful Category 4 storm off Mexico. See its path.
Hurricane Polo intensified rapidly in the Pacific off the southwestern Mexican coast, growing into a Category 5 storm before weakening slightly to a Category 4. Here's the latest on its path.
These GOP candidates in tight races are calling for a quick end to Iran war
Some Trump-aligned candidates are calling for an end to the Iran war, even as Trump stands by his Iran strategy and has suggested escalation is possible.
Should the U.S. raise payroll taxes to save Social Security?
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
U.S.
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Chris Spatola, basketball analyst and Mike Krzyzewski's son-in-law, dies at 47
Spatola played basketball for the U.S. Military Academy and later coached on legendary Duke head coach Mike Krzyzewski's staff.
These GOP candidates in tight races are calling for a quick end to Iran war
Some Trump-aligned candidates are calling for an end to the Iran war, even as Trump stands by his Iran strategy and has suggested escalation is possible.
El Niño could cause 451,000 more heat deaths compared to normal year, group says
Researchers project nearly half a million more heat-related deaths from June 2026 to February 2027 compared with a typical year, as a result of El Niño.
Should the U.S. raise payroll taxes to save Social Security?
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Shipwreck, apparent human remains found 7 years after boat sank in Atlantic
The nonprofit Green Oceans asked the Coast Guard to reopen an investigation that had classified the F/V Mistress as lost.
MoneyWatch
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Should the U.S. raise payroll taxes to save Social Security?
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
3 guys hacked OpenAI using a rival Anthropic model. Here's what to know.
Cybersecurity researchers from a small firm called Hacktron in India broke into OpenAI, showing how vulnerable frontier labs are.
Politics
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These GOP candidates in tight races are calling for a quick end to Iran war
Some Trump-aligned candidates are calling for an end to the Iran war, even as Trump stands by his Iran strategy and has suggested escalation is possible.
DOJ defends Trump media ban, citing national security and "professionalism"
The Justice Department claimed that reporting from CNN, MS NOW and Politico raises national security concerns and accused their journalists of failing to act with "professionalism and decorum."
Wife of scholar detained in China wants Trump to press Xi to release him
Min Zin, a Myanmar scholar, has been held for more than 100 days at what human rights groups say is a "black site" in China.
Live
U.S., Iran hold first talks since June as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Redrawn Missouri congressional map lands before Supreme Court for third time
The fight over Missouri's congressional map returned to the U.S. Supreme Court for a third time after an appeals court ordered the revival of new districts backed by President Trump.
HealthWatch
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Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Her postpartum symptoms wouldn't go away. A brain tumor was to blame.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
World
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6 people killed in bear attacks in Siberia: "Under siege"
Prosecutors said they opened a probe into criminal negligence, accusing local officials of failing to control bear numbers.
El Niño could cause 451,000 more heat deaths compared to normal year, group says
Researchers project nearly half a million more heat-related deaths from June 2026 to February 2027 compared with a typical year, as a result of El Niño.
Wife of scholar detained in China wants Trump to press Xi to release him
Min Zin, a Myanmar scholar, has been held for more than 100 days at what human rights groups say is a "black site" in China.
Live
U.S., Iran hold first talks since June as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Ancient wall found under Paris hotel could confirm origins of city
The wall dating from the Gallo-Roman period was discovered beneath a hotel on the Île de la Cité, a stone's throw from Notre Dame Cathedral.
Entertainment
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Entertainment
Zibby Owens on living "between chapters"
Zibby Owens sits down with "CBS Mornings" to discuss her new book "Between Chapters: How I Started Over, Took Some Chances, and Found the Plot ."
"Lioness" star Michael Kelly on new season
"Lioness" actor Michael Kelly sits down with "CBS Mornings" to discuss the highly anticipated third season of the series.
Dolly Parton's estate in feud with her nephew
Dolly Parton's estate has accused her nephew, Bryan Seaver, of extortion. Seaver, who announced the singer's death last month, was also fired as her head of security. Adriana Diaz reports.
Taylor Swift announces new song out this week
Taylor Swift announced she's releasing a new song, "Patient Zero," on Friday. Jo Ling Kent reports.
Details on Hayden Panettiere's cause of death
Hayden Panettiere died of an accidental overdose involving fentanyl, the coroner's office said in its autopsy report. Lillia Luciano reports.
Technology
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Technology
Trump to meet with China's XI over AI
President Trump has downplayed the threat posed by artificial intelligence amid growing calls for AI regulation. MIT professor and artificial intelligence expert Max Tegmark weighs in on Mr. Trump's planned meeting with China's Xi Jinping.
How a "swarm" of AI agents hacked a company
Experts are worried about the dangers of "swarms" of AI models coming together to accomplish a complex task for nefarious reasons. CBS News' Megan Cerullo breaks down what this means.
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.
Downloads surge for Meta's new AI agent Muse
Meta's new AI personal assistant, Muse, has reached the top of the U.S. App Store charts, surpassing competitor ChatGPT. CBS News digital reporter Lauren Fichten details how the app's popularity is helping Meta play catch-up in the AI race.
Trump rejects calls to rein in AI
At the U.N. General Assembly on Tuesday, President Trump told world leaders that the U.S. rejects efforts to rein in artificial intelligence. Stephen Witt, a journalist focused on AI, joins "The Takeout" with analysis.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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Crime
Call for Trump Jr., Hunter Biden probe
Some Republican senators want an investigation into the business dealings of both Donald Trump Jr. and Hunter Biden. CBS News' Nancy Cordes explains why.
Nolan Wells' family demands answers
An attorney for the family of Mississippi teen Nolan Wells is calling for the Department of Justice to step in after a grand jury declined to charge anyone in his drowning death. CBS News' Skyler Henry reports.
Harvey Weinstein sentenced to 15 years in New York sexual assault case
Harvey Weinstein, the disgraced movie mogul, was sentenced to 15 years in prison Wednesday morning for sexually assaulting Miriam Haley at his Manhattan apartment in 2006.
Concerns over kids' safety getting off the bus
When a school bus stops to pick up kids, the other cars on the road are supposed to stop with it. But thousands of times a day, they do not. As Mark Strassmann reports, some areas have found a way to crack down.
Hayden Panettiere cause of death revealed
Actress Hayden Panettiere died from an accidental overdose of fentanyl and several other drugs, according to a coroner in South Carolina. Lilia Luciano reports.
Space
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NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Latest CBS News Videos
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Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
Bone Loss: A Silent Disease
About half of women over the age of 50 experience bone density loss, but most don't even know they have a problem. That's why Dr. Jocelyn Wittstein calls it a "silent disease." Dr. Wittstein has been at the forefront of understanding how joint pain and joint health evolve over a woman's lifetime. She tells Norah how you can reverse bone loss and what impact hormones have on bone density.
White South Africans to be U.S. refugees
The Trump administration says it will allow up to 17,500 refugees to migrate to the U.S. in 2027, despite closing most of the U.S. refugee program, which is meant for those fleeing persecution and violence abroad. President Trump says those refugee spots will "primarily" go to white Afrikaners, who he claims are oppressed. CBS News' Camilo Montoya-Galvez reports.
Call for Trump Jr., Hunter Biden probe
Some Republican senators want an investigation into the business dealings of both Donald Trump Jr. and Hunter Biden. CBS News' Nancy Cordes explains why.
Latest on Trump's tiff with news outlets
President Trump has barred journalists from CNN, MS NOW and Politico from entering the White House grounds. CBS News legal contributor Katrina Kaufman explains more.