Wage growth is slowing. Blame the Federal Reserve.
Some policy experts are urging the central bank to stop jacking up interest rates before it tanks the economy.
Federal Reserve
U.S. consumers undeterred by inflation, report shows
Although U.S. inflation continues to remain high, it's not stopping Americans from spending on everything from everyday essentials to pricey vacations. A Commerce Department report released Friday found that consumer spending rose 1.8% in January. Michael George has the details.
New inflation data could change rate hike strategy
The stock market fell on Friday as investors responded to the latest inflation data which came in higher than expected. Brian Vendig, president of MJP Wealth Advisors, joined CBS News to discuss how the latest data could force the Federal Reserve to raise interest rates higher than anticipated.
Federal Reserve likely to cause a recession, research says
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
Fed notes released on quarter-point hike
The stock market stayed relatively flat Wednesday following the release of the Federal Reserve's minutes prior to its last interest rate hike. CapWealth chief investment officer Tim Pagliara joined CBS News to discuss.
What moved stocks and economy this week
Dow Jones Industrial Average made gains Friday but still ended the week in the red. J.D. Durkin, host of "The Street," and Javier David, a CBS News contributor and the managing editor of business and markets at Axios, join CBS News to recap this week's biggest market movers.
Here are the latest tech layoffs as the industry shudders
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
Dow Jones plummets after inflation report
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
More companies to report Q4 earnings
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Why tech workers are getting laid off
Yahoo is the latest tech company to announce mass layoffs. Courtenay Brown, an economics reporter for Axios, joins CBS News' Errol Barnett and Elaine Quijano to discuss what's behind the layoffs, why they are happening amid historically low unemployment numbers and how the layoffs could affect the Federal Reserve.
Biden touts progress on economy
Jared Bernstein, a member of the White House Council of Economic Advisers, joined CBS News to discuss the optimistic message in President Biden's State of the Union address and the state of the American economy.
Parties clash on debt limit ahead of address
Prominent Democrats and Republicans on both sides of the aisle are clashing on how to raise the debt ceiling. CBS News reporter Sarah Ewall-Wice discusses how politicians and the public view the debt ceiling.
U.S. hiring surged in January
President Biden is highlighting January's job report after it soared past economists' predictions. Jeanna Smialek, a financial reporter at The New York Times, joins CBS News to discuss what the numbers mean for the state of the U.S. economy and future Fed moves.
January jobs report surpasses expectations
The January jobs numbers crushed expert expectations, with more 517,000 new jobs being reported last month. In addition, the unemployment rate fell to its lowest level in more than 50 years. CBS News business analyst Jill Schlesinger has more.
Investors react to strong January jobs report
The January jobs report showed unemployment at its lowest since 1969, but investors fear the hot economy will bring further interest rate hikes from the Federal Reserve. Lori Bettinger, president of Bancalliance, joined CBS News to discuss why the prospect of a soft landing is looking more likely.
Fed hikes interest rates by a quarter-point
As it continues efforts to combat inflation, the Federal Reserve on Wednesday increased interest rates by a quarter-point. In a statement, the Fed said that further hikes are likely.
Biden, McCarthy meet to discuss debt ceiling
President Biden and House Speaker Kevin McCarthy met Wednesday to discuss the debt ceiling and open the door for budget cut negotiations. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joins CBS News' John Dickerson to discuss what it would take to balance the budget and what that would do to the economy.
Federal Reserve raises interest rates again
Javier David, a managing editor of business and markets for Axios and a CBS News contributor, joins Lana Zak and Elaine Quijano as the Federal Reserve announces it is raising rates for the eighth time over the course of a year. He explains why the central bank decided on the quarter-point increase and what it means for the U.S. economy.
Federal Reserve hikes interest rates 0.25 percentage point
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Stocks rise after Fed acknowledges "disinflationary process"
"We will need substantially more evidence to be confident that inflation is on ... downward path," said Fed Chair Jerome Powell
How the Fed's latest interest rate hike affects your money
Because inflation is easing, Fed is increasing rates at slower pace. But borrowing will still be more expensive.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another interest rate hike today, but the increase is expected to be lower than previous hikes that began in March 2022. Fed Chairman Jerome Powell will address the media this afternoon. CBS News reporter Sarah Ewall-Wice joins us to discuss the significance.
Stocks finish higher on encouraging GDP numbers
The Dow Jones ended in the green Thursday following a report that showed the U.S. gross domestic product rose 2.9% in the fourth quarter of 2022. Kayla Bruun, economic analyst for Morning Consult, joined CBS News to discuss what the latest GPD data could mean to the economy.
U.S. GDP grew 2.9% in final quarter of 2022
The economy is fighting back against inflationary pressures, but many economists say that won't last, and the economy could slow down in 2023 as an intended consequence of the Federal Reserve's efforts to rein in inflation by raising interest rates. Economist and Harvard University professor Jeffrey Frankel joined CBS News to discuss what the latest GDP data could mean for the economy moving forward.
How interest rates affect the tech industry
As tech companies cutting thousands of jobs this month, CBS News correspondent Vladimir Duthiers discusses how the Federal Reserve's interest rate hikes have contributed to the industry's financial woes.
Live
War escalates, energy prices spike after Israeli strike on Iran gas field
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
Exclusive
We visited an LA building with 89 registered hospices. Here's what we found.
Advocates said the Van Nuys building looked like an example of "clustering" — a red flag for hospice fraud.
Comey subpoenaed in conspiracy case against ex-officials who investigated Trump
Former FBI Director James Comey has been subpoenaed by prosecutors in Miami as part of the Justice Department's investigation into Obama-era intelligence officials.
Trump brings up Pearl Harbor while meeting with Japan's prime minister
Asked why the U.S. didn't inform allies ahead of the Iran strikes, President Trump said, "Who knows better about surprise than Japan?"
Body of missing student James Gracey found in Barcelona, police say
The body of missing University of Alabama student James Gracey, who disappeared on a trip to Barcelona, has been found, Spanish officials said Thursday.
In voting process, photo ID gets wide support, CBS News poll finds
Few Americans feel they know a lot of the specifics about the SAVE Act.
Ex-FBI agents who worked on Trump 2020 election probe sue over firings
Two former FBI agents who helped investigate President Trump's efforts to overturn the 2020 presidential election results sued the federal government, alleging they were wrongfully terminated.
U.N. nuclear watchdog chief: "A lot has survived" of Iran's nuclear capabilities
In an interview with "Face the Nation with Margaret Brennan," Rafael Grossi, director general of the International Atomic Energy Agency, said there had already been damage done to Iran's nuclear sites.
"The Bachelorette" season with Taylor Frankie Paul canceled, ABC says
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after a 2023 video surfaced.
U.S.
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Federal commission made up of Trump appointees approves design of his gold coin
The vote by the U.S. Commission of Fine Arts, whose members are supporters of the president and were appointed by him earlier this year, was without objection.
FCC approves Nexstar's purchase of Tegna hours after lawsuits sought to block deal
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
In voting process, photo ID gets wide support, CBS News poll finds
Few Americans feel they know a lot of the specifics about the SAVE Act.
Mortgage rates rise as Iran war heightens U.S. inflation fears
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
"The Bachelorette" season with Taylor Frankie Paul canceled, ABC says
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
MoneyWatch
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FCC approves Nexstar's purchase of Tegna hours after lawsuits sought to block deal
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
Mortgage rates rise as Iran war heightens U.S. inflation fears
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
U.S. oil producers could get $63 billion boost from high crude prices
Domestic energy companies could benefit from high oil prices in the short-term, but take a hit if the Iran war drags on.
Analysts warn oil prices could keep climbing as Iran war intensifies
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
3 reasons the Federal Reserve's interest rate pause is worrying investors
Fed Chairman Jerome Powell used the phrase "we don't know" at least 14 times during his press conference. Investors are nervous.
Politics
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DOJ says it shut down websites that threatened dissidents and took credit for hacks
The Justice Department says it has shuttered four websites that were allegedly used by Iranian government-linked groups to post hacked information and threaten regime critics.
Federal commission made up of Trump appointees approves design of his gold coin
The vote by the U.S. Commission of Fine Arts, whose members are supporters of the president and were appointed by him earlier this year, was without objection.
FCC approves Nexstar's purchase of Tegna hours after lawsuits sought to block deal
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
In voting process, photo ID gets wide support, CBS News poll finds
Few Americans feel they know a lot of the specifics about the SAVE Act.
Comey subpoenaed in conspiracy case against ex-officials who investigated Trump
Former FBI Director James Comey has been subpoenaed by prosecutors in Miami as part of the Justice Department's investigation into Obama-era intelligence officials.
HealthWatch
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Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
World
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Trump brings up Pearl Harbor while meeting with Japan's prime minister
Asked why the U.S. didn't inform allies ahead of the Iran strikes, President Trump said, "Who knows better about surprise than Japan?"
Iran hangs 3, including teen wrestler, in first executions over Jan. protests
Two sources confirmed to CBS News that Saleh Mohammadi, a young member of Iran's national wrestling team, was among the three men executed in Iran.
Divers find marble treasure possibly taken from Parthenon at Aegean shipwreck
Excavations at the site of the 1802 Mentor shipwreck uncovered a marble fragment that may have ties to the Parthenon in Ancient Greece, officials say.
Transcript: IAEA's Rafael Grossi on "Face the Nation," March 22, 2026
The following is the full transcript of the interview with International Atomic Energy Agency Director-General Rafael Grossi, a portion of which will air on "Face the Nation with Margaret Brennan" on March 22, 2026.
What can one of the world's happiest nations teach us about parenting?
U.S. author Jessica Joelle Alexander says Americans should consider adopting some of Denmark's "great parenting practices."
Entertainment
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Entertainment
Steve Hartman on filming "All the Empty Rooms"
Unmade beds and overdue books. That's some of what CBS News correspondent Steve Hartman found in his Oscar-winning documentary "All the Empty Rooms," which looks at the bedrooms of children killed in school shootings. Hartman joins "The Takeout" to discuss the making of the film.
"The Bachelorette" season with Taylor Frankie Paul canceled, ABC says
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Alessia Cara on new album
Grammy winner Alessia Cara is debuting a new album 10 years into her music career. Cara joined CBS News with details on her latest collaborations.
AI version of Val Kilmer to star in new movie
Val Kilmer was originally set to star in "As Deep as the Grave" before he died last year, never shooting a scene of the movie. But Kilmer will still star in the film thanks to generative AI, which is artificial intelligence that can generate new content by analyzing existing content. Jo Ling Kent has more.
"Survivor" contestant talks elimination
Spoiler alert! The latest contestant eliminated from "Survivor 50: In the Hands of the Fans" joins "CBS Mornings" to discuss his surprising elimination and if he has any regrets about how he played the game.
Technology
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Technology
AI version of Val Kilmer to star in new movie
Val Kilmer was originally set to star in "As Deep as the Grave" before he died last year, never shooting a scene of the movie. But Kilmer will still star in the film thanks to generative AI, which is artificial intelligence that can generate new content by analyzing existing content. Jo Ling Kent has more.
Risks of excessive screen time for adults
More than 80% of adults say they go online at least several times per day and research indicates that even adults' fully-formed brains can suffer negative consequences from excessive screen time. Dr. Sue Varma breaks down risks, tips to reduce your screen time and why adults are spending more time on screens.
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.
Inside NVIDIA's new chip
NVIDIA's GTC conference brought big crowds to Silicon Valley this week, with hundreds of companies showcasing products powered by NVIDIA's chips. Tim Werth, tech editor at Mashable, joins CBS News to discuss.
AI expert designs cancer vaccine for his dog
A tech entrepreneur in Australia, Paul Conyngham, said he used artificial intelligence to design a cancer vaccine for his dog Rosie. He joins CBS News with Páll Thordarson, director of the UNSW RNA Institute, who worked with Conyngham on the technology.
Science
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Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Crime
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Crime
Steve Hartman on filming "All the Empty Rooms"
Unmade beds and overdue books. That's some of what CBS News correspondent Steve Hartman found in his Oscar-winning documentary "All the Empty Rooms," which looks at the bedrooms of children killed in school shootings. Hartman joins "The Takeout" to discuss the making of the film.
New photos in Michigan synagogue attack
Temple Israel in West Bloomfield Township, Michigan, has shared new images of the damage from last week's attack at the synagogue. A photo has also emerged of the attacker holding an AR-style rifle. CBS News' Anna Schecter has the latest.
Photo of Michigan synagogue attacker shows him with AR-style rifle
The man who attacked a synagogue in Michigan last week sent a photo of himself with the AR-style rifle he had during the attack to a family member in Lebanon, according to a U.S. official.
Joseph Duggar faces child sex abuse charges
Joseph Duggar, one of the stars of the reality show "19 Kids and Counting," has been arrested and is facing child sex abuse charges. He's accused of sexually abusing a 9-year-old girl six years ago in Florida. Tom Hanson reports.
César Chávez sexual abuse allegations
More details are emerging about the allegations of abuse against the late Cesar Chavez. CBS News' Ed O'Keefe has more.
Space
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Repaired moon rocket heads back to launch pad for April 1 blastoff
After an overnight Thursday trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
Video shows meteor streaking across the sky
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
7-ton meteor identified as likely cause of boom heard across Ohio
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
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
Elemental Crisis | Sunday on 60 Minutes
In the U.S. trade war with China, rare earths are a critical battleground. Jon Wertheim reports from the only active rare earth mine in the US that is challenging China's near-monopoly over the strategic metals that are key components in smartphones, robotics, fighter jets, and drones. Sunday.
Democrats walk out of Epstein briefing
Democrats on the House Oversight Committee walked out of a briefing with Attorney General Pam Bondi about convicted sex offender Jeffrey Epstein on Wednesday night, claiming Bondi refused to commit to follow a subpoena that GOP Chairman James Comer issued. Bondi later told reporters that she would "follow the law," and Comer called the walkout "premeditated." Watch what all sides had to say on the incident.
3/19: The Takeout with Major Garrett
Israel strikes a key Iranian natural gas field; Pentagon asking for an additional $200 billion for the Iran war, the Washington Post reports.
Iran hangs 3 people over January protests
Iran has executed three men accused of killing two police officers during protests in January, including 19-year-old Saleh Mohammadi, a member of Iran's wrestling team. Rights groups said the trio were executed without a fair trial and had given confessions under torture. CBS News contributor and Iranian activist Masih Alinejad shares her reaction.
Two superfans transform LIU basketball home games
Two old high school pals went looking for a local New York school to root for during college basketball season. They found Long Island University. Tony Dokoupil has the story.