Fed lifts interest rates another 0.75 percentage point
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
Federal Reserve
Fed expected to raise interest rates again
Federal Reserve policymakers are meeting Wednesday and it's likely they will raise interest rates by another 75 basis points in a continued effort to curb inflation. Previous rate increases have pushed the average 30-year fixed mortgage rate above 7%. Nancy Chen reports on how already high rates are affecting the housing market.
How the Fed's latest jumbo rate hike affects your money
The central bank on Wednesday said it is increasing rates by 0.75 percentage point, its sixth boost this year.
ISIS trainer from Kansas gets 20 years
A Kansas woman who trained over 100 fighters in an all-female ISIS battalion in Syria was sentenced in Alexandria, Virginia to 20 years in prison and 25 years of supervised release. The Federal Reserve is expected to announce its fourth straight interest rate hike. And the Philadelphia Phillies shut out the Houston Astros to take a 2-1 lead in the World Series.
Investors brace for likely interest-rate hike
Investors are bracing for the Federal Reserve to likely announce another aggressive interest-rate hike Wednesday. CBS News' Lana Zak spoke with John Leer, chief economist at Morning Consult, about the Fed's expected decision.
Federal Reserve expected to raise interest rates
The Federal Reserve is expected to raise interest rates as the U.S. grapples with ongoing inflation amid a looming recession. Axios managing editor of Business and Markets Javier David joins "CBS News Mornings" to discuss the ripple effects the rise could have globally.
Anticipating another interest rate hike
The Federal Reserve is widely expected to raise interest rates by another 75 basis points on Wednesday. Jon Hilsenrath, a senior writer for The Wall Street Journal, discussed why and what this move means for the U.S. economy.
Key inflation measure shows prices still high
A key inflation measure from the Commerce Department shows prices still high ahead of the Fed's interest rate meeting next week. Ellis Phifer, managing director of fixed income research at Raymond James, joins CBS News' Tanya Rivero and Elaine Quijano to discuss the economy and issues driving the markets.
U.S. economy returned to growth despite inflation
According to a Bureau of Economic Analysis report released Thursday, the U.S. gross domestic product grew at a 2.6% annual rate from July through September. David Wessel, the director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution joined John Dickerson to discuss the latest economic numbers and state of the economy.
Dow rises after U.S. reports economic growth
The gross domestic product report released Thursday showed the U.S. economy grew 2.6% in the third quarter. Justin Hoogendoorn, head of fixed income strategy and analytics at Hilltop Securities, joins CBS News to discuss.
Inflation remained high in September
The Bureau of Labor Statistics says September's consumer prices rose 8.2% compared to a year ago, with food, rent and other items driving inflation. Ben Levisohn, a deputy editor at Barron's joined John Dickerson on "Prime Time" to discuss the latest CPI report.
GDP grows in 3rd quarter, jobless claims drop
The U.S. economy grew in the third quarter of 2022 by a 2.6% annual rate. Meanwhile, the Labor Department reports the number of new unemployment claims last week dropped from the week before. "CBS News Mornings" spoke with New York Times Federal Reserve and economy reporter Jeanna Smialek about the nation's economic outlook.
Mortgage rates hit two-decade high
Mortgage rates have climbed to their highest levels in two decades. The average 30-year fixed-rate mortgage now tops 7%. "CBS News Mornings" spoke with Javier David, managing editor of business and markets at Axios, about what this means for the housing market.
Mortgage rates on the rise
The average interest rate on the most popular U.S. home loan has reached its highest level in more than two decades. Danielle Hale, chief economist for realtor.com, discussed how concerned Americans should be, how housing prices are affected and the potential impact of the Federal Reserve's expected interest rate hike next week on the housing market.
Consumer confidence falls in October
Consumer confidence fell in October after rising in both August and September. CBS News' Lana Zak and Lilia Luciano speak with Dory Wiley, president and CEO at Commerce Street Holdings, LLC, about what's driving the trend and whether it could impact the Federal Reserve's thinking on interest rates.
Stocks rally after report on interest rates
Stocks rallied on Friday as the Wall Street Journal reported that the Fed will consider slowing interest rate hikes heading into 2023. Brian Vendig, president of MJP Wealth Advisors, joins CBS News to discuss the latest.
Will the U.S. see a recession next year?
Economists are shifting gears and now saying the U.S. will enter a recession within the next year. CBS News anchors Lana Zak and Lilia Luciano spoke with Wall Street Journal reporter Harriet Torry about the potential impact.
Surging mortgage rates cool U.S. housing market
Home prices rose 43% in two years, but now in cities that had those massive spikes, prices are being slashed. Danya Bacchus has more.
U.S. mortgage rates reach 20-year high
U.S. mortgage rates reached a 20-year high as the Federal Reserve continues to raise interest rates to try to tame inflation. CBS News' Errol Barnett and Elaine Quijano are joined by Zillow senior economist Orphe Divounguy to discuss the impact.
Consumer prices climb 8.2%
Consumer prices rose again in September despite the Federal Reserve's attempts to drive down inflation. CBS News' Errol Barnett and Lana Zak speak with Diane Swonk, chief economist at KPMG U.S., about how the latest data could impact the Fed's next rate hike decision.
Inflation increased 0.4% in September
The September Consumer Price Index shows prices rose 8.2% over the last year, and increased 0.4% between August and September. Gargi Chaudhuri, head of iShares Investment Strategy Americas at BlackRock, and CBS News senior White House and political correspondent Ed O'Keefe joined Tanya Rivero and Nancy Chen to discuss the impact of these numbers on the U.S. economy.
Wall Street looking for insight from Fed
The Federal Open Market Committee will publish Wednesday the minutes from its September meeting as well as its economic forecast. Also, President Biden said he doesn't think there will be a recession during his CNN interview Tuesday night. Yahoo Finance senior columnist Rick Newman joined "CBS News Mornings" to discuss.
Dow Jones enters bear market territory
All three major U.S. stock market indexes are in a bear market territory. Wall Street Journal reporter Akane Otani joins John Dickerson on "Prime Time" to discuss.
Mortgage rates hit 14-year high
Home buyers nationwide are pulling back from the market due to high interest rates. Igor Popov, chief economist at Apartment Listing, joined Elaine Quijano to discuss where the housing market is heading.
Inflation remains high even as gas prices drop
The Consumer Price Index rose 8.3% in the past 12 months, as higher prices for groceries, shelter and medical care offset lower gasoline prices. CBS News chief White House correspondent Nancy Cordes has more on the latest report. Then, Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins John Dickerson on "Prime Time" to discuss the impact.
Meta and YouTube found liable on all charges in social media trial
The verdict, which caps a weekslong trial in Los Angeles, could set a legal precedent for similar allegations brought against social media companies.
Live
Senate Democrats send new offer to GOP as DHS shutdown grinds on
Senate Democrats have made their latest counteroffer to end the Department of Homeland Security shutdown. Follow live updates.
Live
Iran mocks Trump, rejects points suggested by U.S. for peace talks
Iran's state media say the regime has rejected points suggested by the Trump administration as the basis of a potential peace deal.
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DHS watchdog warned of risks in airport shoes-off policy. The report got buried.
An internal watchdog report in the Department of Homeland Security identified serious vulnerabilities in TSA's screenings at airports nationwide.
Savannah Guthrie gives first interview since mom vanished: "It is unbearable"
Savannah Guthrie said her family is in agony as she made a tearful plea for someone "to do the right thing" nearly two months after Nancy Guthrie disappeared.
We asked every lawmaker in Congress what they're doing to end the DHS shutdown
Lawmakers and President Trump appear to be edging closer to a framework to wrap up the Department of Homeland Security shutdown — but a breakthrough has remained out of reach. CBS News contacted every House and Senate office to ask what they're doing to end the shutdown.
Shock, disbelief at Houston airport as 36% of TSA officers call out: "Insane"
"This is the first time I've experienced something like this in my entire life," one traveler said as TSA lines snaked through George Bush Intercontinental Airport.
Supreme Court sides with internet provider in dispute over pirated music
The Supreme Court ruled that internet service provider Cox Communications cannot be held liable for copyright infringement by its subscribers.
Mikaela Shiffrin wins record-tying 6th overall World Cup skiing title
The 31-year-old American matched Austrian downhill great Annemarie Moser-Pröll, who won her six titles in the 1970s.
U.S.
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Melania Trump pitches robots as potential educators for schoolchildren
First lady Melania Trump argued that humanoids can help children develop critical thinking skills — and robots never get impatient.
Meta and YouTube found liable on all charges in social media trial
The verdict, which caps a weeks-long trial in Los Angeles, could set a legal precedent for similar allegations brought against social media companies.
Supreme Court sides with internet provider in dispute over pirated music
The Supreme Court ruled that internet service provider Cox Communications cannot be held liable for copyright infringement by its subscribers.
Savannah Guthrie gives first interview since mom vanished: "It is unbearable"
Savannah Guthrie said her family is in agony as she made a tearful plea for someone "to do the right thing" nearly two months after Nancy Guthrie disappeared.
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Husband of U.S. soldier killed in Kuwait on what her service meant
The Minnesota mom of two and U.S. soldier was days from returning home from her tour in Kuwait when she was killed in an Iranian strike.
MoneyWatch
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Meta and YouTube found liable on all charges in social media trial
The verdict, which caps a weeks-long trial in Los Angeles, could set a legal precedent for similar allegations brought against social media companies.
Record share of Americans carry credit card debt, can't pay off bills
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
FDA says billionaire's claims about cancer drug Anktiva are misleading
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
Judge calls Pentagon's moves against AI firm Anthropic "troubling"
A judge sharply questioned a lawyer for the federal government on Tuesday over the Pentagon's efforts to cut Anthropic's AI out of its classified systems.
FedEx to offer same-day delivery as it battles with Amazon, other retailers
FedEx said it will give customers the option of two-hour or end-of-day delivery, including for large and oversized packages.
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Melania Trump pitches robots as potential educators for schoolchildren
First lady Melania Trump argued that humanoids can help children develop critical thinking skills — and robots never get impatient.
Supreme Court sides with internet provider in dispute over pirated music
The Supreme Court ruled that internet service provider Cox Communications cannot be held liable for copyright infringement by its subscribers.
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DHS watchdog warned of risks in airport shoes-off policy. The report got buried.
An internal watchdog report in the Department of Homeland Security identified serious vulnerabilities in TSA's screenings at airports nationwide.
Live
Senate Democrats send new offer to GOP as DHS shutdown grinds on
Senate Democrats have made their latest counteroffer to end the Department of Homeland Security shutdown. Follow live updates.
Court denies appeal to stop Riverside County Sheriff's election probe
A California sheriff running for governor has seized more than half a million ballots cast in a November special election from county election officials, saying he's investigating a ballot count discrepancy.
HealthWatch
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FDA says billionaire's claims about cancer drug Anktiva are misleading
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Complex procedure saves officer with chest pain, heart condition
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
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.
World
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Iranians who hoped war would bring change now say they feel "doomed"
Some Iranians who'd hoped for regime change say the realities of the U.S. and Israel's war have been a "rude awakening," and they just want it to stop.
2 NATO allies report Russian drone impacts amid huge attack on Ukraine
NATO members Estonia and Latvia say Russian drones hit their territory amid one of Moscow's biggest assaults on Ukraine.
Skeleton of famed musketeer possibly found in Dutch church
D'Artagnan was killed during the siege of Maastricht in 1673. His final resting place has remained a mystery ever since.
Mikaela Shiffrin wins record-tying 6th overall World Cup skiing title
The 31-year-old American matched Austrian downhill great Annemarie Moser-Pröll, who won her six titles in the 1970s.
Live
Iran mocks Trump, rejects points suggested by U.S. for peace talks
Iran's state media say the regime has rejected points suggested by the Trump administration as the basis of a potential peace deal.
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"NCIS" star on show's 500th episode
Rocky Carroll, who has played the role of Director Leon Vance on "NCIS" for nearly two decades, joins to discuss the show's 500th episode, which aired Tuesday.
Rocky Carroll on major "NCIS" twist
(Alert: Spoilers ahead!) Actor Rocky Carroll, who has played beloved "NCIS" director Leon Vance for 18 season, talks with "CBS Mornings" about a shocking twist in the series in the show's 500th episode and what he would tell his younger self.
Makers of "The AI Doc" on tech's peril, promise
A new documentary examines the artificial intelligence boom and its potential risks to humanity, featuring interviews with top AI company CEOs and other experts. Co-director Charlie Tyrell and producer Ted Tremper join CBS News to discuss the making of the film, "The AI Doc: Or How I Became an Apocaloptimist."
Patrick Ball on medical drama "The Pitt"
"The Pitt" star Patrick Ball tells "CBS Mornings" he had been auditioning since 2013 and didn't think his acting dreams were "ever going to happen" when he was cast in the medical drama. He also opens up about how the series is personal for him.
Lisa Kudrow on making "The Comeback"
In 2005, the "Friends" star played Valerine Cherish, a washed-up sitcom actress, in the HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and returned in 2014. Now, "The Comeback" is itself making a comeback.
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Meta and YouTube found liable on all charges in social media trial
The verdict, which caps a weeks-long trial in Los Angeles, could set a legal precedent for similar allegations brought against social media companies.
Latest on social media addiction case
Jury deliberations continue Wednesday in the landmark California social media addiction case. Meanwhile, a jury in New Mexico found Meta violated a consumer protection law by enabling child exploitation. CBS News legal contributor Jessica Levinson has more.
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.
Verdict in landmark trial against Meta
A jury in New Mexico found Meta, which operates Facebook and Instagram, misled users about safety and enabled child sexual exploitation on its platforms. A judge has ordered the tech giant to pay $375 million in civil damages. Meta says it will appeal the verdict.
Jury finds Meta liable in child safety trial
The New Mexico Department of Justice has won a landmark trial against Meta, the parent company of Facebook and Instagram. CBS News senior business and technology correspondent Jo Ling Kent has the details.
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600-year-old pinot noir grape seed found in medieval hospital
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
Pit viper among new species discovered in cave in Cambodia
Researchers in Cambodia surveyed dozens of previously unexplored caves and found several species never seen before, including a pit viper that is still being studied.
How a fun nature app aids 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.
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Savannah Guthrie gives first interview since mom vanished: "It is unbearable"
Savannah Guthrie said her family is in agony as she made a tearful plea for someone "to do the right thing" nearly two months after Nancy Guthrie disappeared.
Wife of Hawaii doctor testifies at his trial
Arielle Konig testified that her husband, anesthesiologist Gerhardt Konig, attempted to stab her with a syringe, and when that failed she said he repeatedly bashed her head with a rock during a birthday hike one year ago. Gerhardt Konig has pleaded not guilty to the attempted murder of his wife. Matt Gutman reports.
Verdict in landmark trial against Meta
A jury in New Mexico found Meta, which operates Facebook and Instagram, misled users about safety and enabled child sexual exploitation on its platforms. A judge has ordered the tech giant to pay $375 million in civil damages. Meta says it will appeal the verdict.
Cold case murder of K-9 officer's wife could hinge on dog's cause of death
Paul Kovacich's defense team contends that long-suppressed evidence debunks claims that he killed his dog weeks before his wife disappeared.
Wife of Hawaii doctor takes stand 1 year after he allegedly tried to kill her
Arielle Konig took the stand to testify against her husband, anesthesiologist Gerhardt Konig, exactly one year after he allegedly tried to kill her by pushing her off a cliff during a hike in Hawaii.
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Fireball captured on video as meteor streaks across Pacific Northwest sky
As the number of people with cameras on their dashboards and doorbells has grown, so have reports of such sightings.
NASA to spend $20 billion on ambitious moon base
In an on-going overhaul of NASA's Artemis program, agency officials say it will take seven years to build a sophisticated base on the moon.
Artemis II back on launch pad for moon mission
NASA's Artemis II rocket is back on the launch pad after repairs inside the massive Vehicle Assembly Building at the Kennedy Space Center. Early next month, NASA will try, for a second time, to send a crew of four on a flyby of the moon. Mark Strassmann has more.
Possible meteorite crashes into Houston area home, officials say
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
Eileen Collins on breaking barriers in space
Retired NASA astronaut and Air Force Col. Eileen Collins joins "CBS Saturday Morning" to discuss her groundbreaking journey to become the first woman to pilot the Space Shuttle and the first to command a Space Shuttle mission.
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Notable Deaths in 2026
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Latest CBS News Videos
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Early details on verdict against Meta, YouTube
A jury has found Meta and YouTube both liable on all charges in a major social media addiction trial. CBS News legal contributor Caroline Polisi has more.
Meta, YouTube found liable in addiction trial
A jury on Wednesday found YouTube and Instagram's parent company, Meta, liable on all charges in a landmark social media addiction trial. CBS News senior business and tech correspondent Jo Ling Kent has more.
UAE says it intercepted nine Iranian drones
The United Arab Emirates announced it intercepted nine Iranian drones on Wednesday. CBS News' Chris Livesay has more.
Bronx 3-K center remains empty for years
A newly built early childhood center in the Highbridge neighborhood of the Bronx has been ready to open its doors since 2023, but the facility remains unused despite New York City paying thousands of dollars in rent each month. It's not the only center to sit empty. CBS News' Jared Ochacher has more.
Man demands $1.3 million over deportation
Neiyerver Adrián Leon Rengel, a Venezuelan who was deported to El Salvador's notorious CECOT prison, is suing the U.S. for damages after spending a month in what he described as "total hell." CBS News' Camilo Montoya-Galvez has more.