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.
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.
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.
First, Fed Chair Jerome Powell: The 2024 60 Minutes Interview. Then, a report on the growing number of Chinese migrants crossing into the U.S. at the southern border. And, a look at how a sports betting boom is fueling concerns over problem gambling.
In an interview with 60 Minutes, chairman Jerome Powell said the Federal Reserve is working on regulations to prevent failures like Silicon Valley Bank.
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.
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.
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.
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.
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.
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.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
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.
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.
The Federal Reserve is expected to wrap up its first rate meeting of 2024 on Wednesday. CBS News business analyst Jill Schlesinger breaks down what to expect and how the Fed’s interest rate decisions affect your finances.
The Federal Reserve kept its benchmark rate steady at its first meeting of 2024. Here's what it means for your money.
Regional banks are seeing steep drops in their 2023 fourth quarter profits after avoiding a crisis last year as inflation persisted. Gina Heeb, a Wall Street Journal reporter, joins CBS News with her take on the regional banking outlook.
The U.S. economy had a robust end to 2023, with the gross domestic product exceeding expectations, according to a new Commerce Department report. Axios chief economic correspondent Neil Irwin joins CBS News to discuss the 2024 economic outlook.
The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
New data on wholesale prices appears to indicate inflation may be moderating but has not yet cooled to the Federal Reserve's target. Greg Robb, an economics editor at MarketWatch, joins CBS News with insight on the new figures.
Inflation grew at an annual rate of 3.4% in December, higher than economists had predicted. The increase could impact whether the Federal Reserve chooses to lower interest rates. Higher prices and mortgage rates have also left many Americans struggling. Jo Ling Kent has more.
The labor market beat Dow Jones expectations in December with 216,000 jobs added, according to the latest labor report. The unemployment rate remained unchanged at 3.7%. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined CBS News to break down the numbers.
The Federal Reserve has signaled it may cut interest rates in 2024 as inflation cools. CBS News contributor Javier David breaks down how likely those cuts may be.
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
Judge Scott McAfee allowed District Attorney Fani Willis to remain on the case involving former President Donald Trump if Nathan Wade resigned, which he did.
The Israeli military says it's reopened the Kerem Shalom crossing into Gaza, a key terminal for the entry of humanitarian aid, but the nearby Rafah crossing seized by Israel was still closed.
Three public school district leaders are testifying before a congressional panel Tuesday on antisemitism incidents in their schools.
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.
A man was convicted in the 2001 murder of Amanda Gonzales, a U.S. Army soldier who was 19 at the time of her death.
Indian police have arrested the parents of a 6-year-old deaf and nonverbal boy who's body was found in a canal with signs of a crocodile attack.
Rep. Marjorie Taylor Greene said she would force a vote on ousting House Speaker Mike Johnson this week, but appeared to be retreating on the threat — for now.
After more than three decades, Ventura police have solved the murder of Danielle Clause, who was found dead on a hillside in 1991.
Gov. Tim Walz on Tuesday signed a ticket transparency bill aimed at protecting music fans when they buy tickets for shows.
A man was convicted in the 2001 murder of Amanda Gonzales, a U.S. Army soldier who was 19 at the time of her death.
Judge Scott McAfee allowed District Attorney Fani Willis to remain on the case involving former President Donald Trump if Nathan Wade resigned, which he did.
You deserve a treat. And this spring, Mother Nature is providing a seemingly endless supply – trillions of cicadas.
The worker stabbed a woman and two guards who tried to intervene before being subdued and held in a "shipboard jail," the affidavit says.
Three public school district leaders are testifying before a congressional panel Tuesday on incidents of antisemitism in their schools.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
FDIC Chair Martin Gruenberg is also a focus of the report, which claims he treated staff in a "demeaning and inappropriate manner."
Starbucks, once one of America's most cherished brands, is in a rut. Even long-time former CEO Howard Schultz is worried.
Video gamers eagerly awaiting a successor to Nintendo's hit Switch system finally got a clue on when to expect a new device.
Nvidia and Microsoft are among the backers of Wayve and its embodied AI technology, described as "GPT for driving."
Judge Scott McAfee allowed District Attorney Fani Willis to remain on the case involving former President Donald Trump if Nathan Wade resigned, which he did.
Three public school district leaders are testifying before a congressional panel Tuesday on incidents of antisemitism in their schools.
Stormy Daniels was called to the witness stand to testify at former President Donald Trump's trial in New York on Tuesday.
Tens of thousands of migrants are estimated to be waiting in Mexico, in places like Ciudad Juárez where shelter space is limited and the conditions are sometimes dire.
Gov. Tim Walz on Tuesday signed a ticket transparency bill aimed at protecting music fans when they buy tickets for shows.
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.
According to a new study, "vehicles are likely important sources of human exposure to potentially harmful" flame retardants.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Recall includes yogurt pretzels and other confections sold by retailers such as Dollar General, HyVee, Target and Walmart.
A survey from the American Academy of Dermatology finds more than one-third of adults reported getting a sunburn last year — the highest number since 2020.
Jerusalem's Hand in Hand school sees Jewish and Arab kids learn together – and they're learning a lot more than just math and science.
Indian police have arrested the parents of a 6-year-old deaf and nonverbal boy who's body was found in a canal with signs of a crocodile attack.
The SS Tilawa was carrying hundreds of passengers and thousands of silver bars when it sank in 1942.
2 days after an apartment building collapsed in South Africa, the search continued for 42 construction workers still believed to be buried in the rubble
The Israeli military says it's reopened the Kerem Shalom crossing into Gaza, a key terminal for the entry of humanitarian aid, but the nearby Rafah crossing seized by Israel was still closed.
As part of AAPI month, "CBS Mornings" partnered with the organization Gold House to celebrate its A 100 list, which recognizes this year's most impactful Asian-Pacific leaders. One of the honorees is actor Hoa Xuande. You may recognize him for his lead role in the HBO show "The Sympathizer." He stars alongside Sandra Oh and Robert Downey Jr. Jo Ling Kent met the rising star, whose unlikely Hollywood journey shows no signs of stopping.
Billboard's Carl Lamarre joins "CBS Mornings" to discuss the heated feud between hip-hop artists Drake and Kendrick Lamar.
As tensions escalate between Kendrick Lamar and Drake, a security guard was critically injured in a shooting outside Drake's Toronto residence. Police are investigating the incident which casts a shadow over the hip-hop community's ongoing disputes.
Gov. Tim Walz on Tuesday signed a ticket transparency bill aimed at protecting music fans when they buy tickets for shows.
Stars were in full bloom at the Met Gala Monday night. The dress code was "Garden of Time." Rachel Smith from "Entertainment Tonight" breaks down fashion's biggest night.
TikTok filed a lawsuit over U.S. legislation that could ban the social media app. It says a new law demanding it sever ties with the Chinese government is unconstitutional and is a free speech issue. However, supporters of the law say it's essential for national security.
Video gamers eagerly awaiting a successor to Nintendo's hit Switch system finally got a clue on when to expect a new device.
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.
The lawsuit claims that the measure, signed into law by President Biden, is unconstitutional.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
Reported sightings of giant, toxic, invasive hammerhead flatworms are on the rise in parts of southeastern Canada. Experts say the worms can grow up to 3 feet long and pose a risk to children, pets and other small animals. Peter Ducey, PH.D. and distinguished teaching professor at SUNY Cortland, joins CBS News to discuss the worm.
When NASA added a tiny four-pound helicopter as a stowaway to its Mars 2020 lander, it expected the helicopter to fly five very brief flights in the thin Martian atmosphere. Yet, Ingenuity would far surpass all expectations.
When NASA added a drone named Ingenuity to its Mars 2020 rover Perseverance, it expected the tiny four-pound helicopter to fly a total of five very brief missions in the thin Martian atmosphere. But Ingenuity far surpassed all expectations, flying dozens of flights before suffering damage to its rotors in January. Correspondent David Pogue reports on how the tiny drone, created from off-the-shelf parts, continued to provide valuable data and images from the Red Planet three years into its mission.
A man was convicted in the 2001 murder of Amanda Gonzales, a U.S. Army soldier who was 19 at the time of her death.
Indian police have arrested the parents of a 6-year-old deaf and nonverbal boy who's body was found in a canal with signs of a crocodile attack.
The worker stabbed a woman and two guards who tried to intervene before being subdued and held in a "shipboard jail," the affidavit says.
A former Mayo Clinic resident accused of fatally poisoning his wife last year may have been identifying as a widower before she even died, a new warrant reveals.
Alexander Louie, 34, told authorities he was not taking his HIV medication so he could purposely infect his partners.
United Launch Alliance decided to replace a suspect valve in the Atlas 5 rocket's upper stage, delaying launch to late next week.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner space capsule is set for a historic launch Monday night. CBS News space consultant Bill Harwood looks at the long-awaited mission into orbit, and what it could mean for the future of space travel.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
The planned piloted launch of Boeing's long-delayed Starliner crew ferry ship was called off with less than two hours to go before liftoff.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Another round of severe weather blew through multiple states Tuesday night, leaving buildings in ruins and tens of thousands without electricity. One town in southwest Michigan was hit with two tornadoes. CBS News correspondent Roxana Saberi has more.
Hundreds of thousands of people across the U.S. are losing their homeowners insurance, with four major companies ending coverage in California due to the growing risk of wildfires. Companies in Florida are canceling policies due to increased hurricane risks. Matthew Eby, the founder and CEO of First Street Foundation, a nonprofit that studies climate risks, joined CBS News to discuss .
This week on "The Dish," "CBS Mornings" explores the increasingly popular Korean-American gastro-pub, Nowon, known for blending American and Asian cuisine.
As part of AAPI month, "CBS Mornings" partnered with the organization Gold House to celebrate its A 100 list, which recognizes this year's most impactful Asian-Pacific leaders. One of the honorees is actor Hoa Xuande. You may recognize him for his lead role in the HBO show "The Sympathizer." He stars alongside Sandra Oh and Robert Downey Jr. Jo Ling Kent met the rising star, whose unlikely Hollywood journey shows no signs of stopping.
Only six schools in Israel are not segregated among Arab and Jewish students. Educators at the handful of schools where Jewish and Arab students learn together are hoping to maintain peace and understanding amid the war in Gaza.