Fed rate hike expected on Wednesday. See what it means for your money.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Federal Reserve
Previewing Fed's interest rate decision
The Federal Reserve is expected to raise interest rates for the first time in three years on Wednesday. CBS News business contributor Javier David explains more.
Stocks dive ahead of expected Fed rate hike
Stocks stayed in the red on Tuesday ahead of the Federal Reserve's interest rate decision on Wednesday. CBS News contributor Javier David has a preview of the meeting.
Fed rate hike likelihood jumps to nearly 90% after hotter CPI report
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.
CPI rose at 3.4% pace in August, raising odds of Fed rate hike this month
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
Oil hovers above $100 a barrel
Oil prices continue to climb as the U.S. and Iran trade strikes. CBS News' Kelly O'Grady reports on the key inflation indicators expected next.
Unpacking August jobs report
U.S. employers added 162,000 jobs in August, more than double economists' forecasts. CBS News business producer Emily Pandise has more.
August jobs report shows U.S. added 162,000 jobs, blowing past forecasts
Strong hiring last month was driven by gains in education and in leisure and hospitality, with the nation's jobless rate remaining steady at 4.1%.
Ex-Trump adviser gives economy a B grade
As the midterms draw closer, mortgage rates have hit a new high for 2026, and gas prices are above $4 per gallon. Former Trump economic adviser Stephen Moore joins "The Takeout" to assess the state of the U.S. economy.
Volatile oil prices fuel inflation fears
Oil prices are reacting to developments in the war in Iran, with ripple effects felt throughout the stock market. CBS News' Kelly O'Grady explains more.
Rising bond yields threaten to push up U.S. borrowing costs
The U.S. bond market influences how much American consumers pay for loans and the interest they can earn on their savings accounts.
Fed will have "work to do" if inflation doesn't fade, Warsh says
Fed chief Kevin Warsh said in a closely watched speech that inflation remains a concern, while praising the broader U.S. economy.
Warsh says inflation is still a concern
Federal Reserve chair Kevin Warsh addressed the U.S. inflation, saying it still remains a concern despite measures taken to navigate higher prices. CBS News' Kelly O'Grady reports.
Inflation is still too high, July data shows
The Federal Reserve may soon consider raising interest rates after new data showed inflation didn't change from June and is higher than expected. CBS News contributor J.D. Durkin has more information.
July PCE inflation index held at 3.7% annual pace, hotter than expected
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
Trump faces disappointing July jobs report
The economy unexpectedly lost 23,000 jobs in July, signaling a slowdown that could complicate the Federal Reserve's next move on interest rates in September. The Trump administration downplayed the jobs report, blaming it on federal downsizing and layoffs in World Cup hospitality. CBS News business producer Emily Pandise has more.
U.S. unexpectedly loses 23,000 jobs in July
The U.S. economy saw an unexpected 23,000 job losses for the month of July. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
A quandary for the Fed: Dealing with hot inflation and cool job growth
A sudden slump in hiring has dramatically changed the outlook for the Federal Reserve's September interest rate decision.
Trump mounts new effort to fire Fed's Lisa Cook after Supreme Court ruling
The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her.
U.S. economic growth slows down
U.S. economic growth slowed down in the second quarter of 2026. CBS News business analyst Jill Schlesinger weighs in.
Stocks fall as Fed keeps interest rate steady
Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News' Kelly O'Grady explains more.
Latest on Fed interest rate decision
The Federal Reserve on Wednesday chose to hold interest rates steady, though three officials voted for a hike. Kelly O'Grady explains what this means for consumers and if a rate hike could come later this year.
Dow has worst day since April 2025
Investors reacted sharply on Wednesday to the Federal Reserve's decision to leave interest rates unchanged amid persistent inflation and spikes in energy prices. Emily Russell, commentary and policy editor at Barron's, joins with analysis.
Dow closes down, interest rates unchanged
Investors had a selloff Wednesday with the Dow closing down 1,000 points amid the Federal Reserve's decision to keep interest rates flat. CBS News' Richard Escobedo breaks it down.
3 Fed members voted to hike interest rates
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, but the decision was not unanimous: three members voted to raise rates by a quarter of a percentage point. CBS News MoneyWatch correspondent Kelly O'Grady joins with analysis.
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