Federal Reserve raises rates
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to share what this increase in interest rates means for credit cards, auto loans and more.
Federal Reserve
Stock market reacts to interest rate hike
The Federal Reserve announced it will raise interest rates by a quarter percentage point to fight soaring gas prices and inflation. Trading expert Joe Saluzzi joined CBS News' Anne-Marie Green and Vladimir Duthiers to discuss how the stock market is reacting and what this means for our bank accounts.
Federal Reserve announces interest rate hike
The quarter-point hike is the first rate increase since 2018 as the central bank looks to rein in inflation.
How the Fed hiking interest rates could affect your wallet
Americans could soon pay more to borrow. One expert says it may be hard to give up the "easy money mentality."
Federal Reserve expected to raise interest rates
The Federal Reserve is expected to raise interest rates by a quarter point on Wednesday amid soaring inflation rates. Joe Glauber, a senior research fellow for the International Food Policy Research Institute, joins CBS News' Lana Zak and Enrique Acevado to discuss the Fed's plan and how it could affect rising food prices and related food insecurity.
MoneyWatch: Fed expected to raise interest rates
The Federal Reserve is set to raise interest rates for the first time since 2018 in a growing effort to combat soaring inflation. Greg Robb, economics editor of MarketWatch, joins "CBS News Mornings" with more on the potential impact.
Sarah Bloom Raskin withdraws nomination to Federal Reserve board
It isn't yet clear who will be nominated in her place.
Fed leaves interest rates unchanged
The Federal Reserve signaled interest rates could increase as soon as March. CBS News' business analyst Jill Schlesinger joins "CBS Mornings" to discuss what that increase could look like and the impact it will have.
Stocks see lowest drop since May
Monday, stocks saw the biggest drop in months due to a Chinese property developer on the brink of bankruptcy. CBS News business analyst Jill Schlesinger explains the impact on the market, what investors should do now and if this will impact the two-day Federal Reserve meeting.
Raskin nomination for Fed endangered by Manchin's opposition
His opposition could doom her confirmation prospects if Raskin can't pick up a Republican vote in the Senate.
3/13: Kuleba, Georgieva, El-Erian
This week on "Face the Nation," we have the latest updates on the war in Ukraine as we hit day 18 of Russia’s invasion. We'll have the latest reporting from Ukraine and hear from its foreign minister, Dmytro Kuleba. Plus, we'll ask White House national security adviser Jake Sullivan what our options are at this critical time.
El-Erian: Fed has "no good policy options"
Mohamed El-Erian, the chief economic adviser for Allianz, says the Federal Reserve can either raise interest rates and risk a recession, or allow inflation to continue to rise.
U.S. adds 678,000 jobs in February
Numbers released Friday show major job growth nationwide as COVID cases fall and states roll back restrictions. According to the Department of Labor, U.S. employers added 678,000 jobs in February, and the unemployment rate fell from 4% to 3.8%. Barclays chief U.S. economist Michael Gapen joined CBS News's Vladimir Duthiers and Anne-Marie Green to discuss the numbers.
Powell supports interest rate hike at March meeting
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
For Black Americans, living longer impacts health and wealth
With the right financial choices, longer life expectancy can help goals like building wealth and passing it on to heirs come true, experts said.
Senate Republicans boycott Biden's Federal Reserve nominees
Republicans on the Senate Banking Committee skipped Tuesday's meeting, denying Democrats the quorum needed to advance Biden nominees.
Inflation hits highest level in 40 years
The Consumer Price Index climbed 0.6% in January, meaning the average cost of goods is up 7.5% since the same time last year. Meantime, first-time jobless claims fell for a third straight week. CBS News senior White House and political correspondent Ed O'Keefe has more on how the Biden administration is handling the latest economic news.
January jobs report better than expected
The January jobs report released Friday surpassed Wall Street projections, with 467,000 jobs added. Mike Pugliese, an economist at Wells Fargo, joins CBS News to break down the employment data and what it means for the U.S. economy.
Republicans take aim at Biden's Federal Reserve nominees at tense hearing
Sarah Bloom Raskin was pressed over climate change regulation.
MoneyWatch: Impact of higher interest
The Federal Reserve has signaled that it will be raising interest rates this year to help offset the increase in consumer goods brought on largely by the pandemic. But what does this mean for everyday Americans? CBS MoneyWatch reporter Aimee Picchi joins "CBS News Mornings" to discuss.
Fed plans to raise interest rates to fight inflation
The Federal Reserve is signaling it plans to begin raising interests rates soon. Officials are hoping the move will help ease inflation, which has risen to its highest level in decades. Dana Peterson, chief economist for The Conference Board, joins CBS News' Elaine Quijano to discuss.
Report shows inflation up 5.8% in 2021
An economic analysis report shows a key inflation measure rose 5.8% last year, the highest it's been since 1982. Despite a big leap in the stock market numbers late Friday, major indexes are still down this year. Terry Haines, founder of Pangaea Policy, joins CBS News after the New York Stock Exchange's closing bell to break down how inflation is effecting the economy and what can be done to correct it.
Interest rates are set to rise. Here's how that will affect consumers.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Fed appears poised for rate increase in March
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Federal reserve signals interest rate hike
The Federal Reserve signaled it plans to raise interest rates as early as March in an effort to curb inflation. Carter Evans takes a look at what that means for consumers.
Live
Trump says Strait of Hormuz deadline delayed amid talks with Iran
As Iran threatens to mine the entire Persian Gulf, President Trump says his deadline for the Strait of Hormuz to reopen is postponed amid negotiations with Tehran.
2 pilots killed as plane and fire-rescue truck collide at LaGuardia Airport
Two pilots were killed and dozens of people injured at New York's LaGuardia Airport late Sunday night when an arriving Air Canada Express plane and fire and rescue vehicle collided, authorities said.
Exclusive
Congress launches investigation into California hospice fraud
A CBS News analysis of Los Angeles County hospice records found indications of fraud are growing. The House Oversight Committee is now investigating.
DHS funding talks in limbo after Trump insists GOP pass SAVE America Act
Senate talks aimed at ending the 38-day DHS shutdown hit a new roadblock after President Trump called on Republicans to hold out for passage of the SAVE America Act.
Supreme Court hears case over mail ballots that arrive after Election Day
The Supreme Court is considering a challenge to a Mississippi law that allows ballots that are postmarked by but received up to five days after Election Day to be counted.
Strait of Hormuz dotted with about a dozen Iranian mines, U.S. officials say
U.S. officials say assessments show at least a dozen Iranian mines in the Strait of Hormuz as President Trump backs off his threat to target Iran's energy infrastructure over claims of productive peace talks
Suspected hate crime as 4 Jewish group ambulances set ablaze in London
Police in London are investigating a suspected antisemitic hate crime after vehicles belonging to a Jewish ambulance service were set on fire early Monday morning.
Could the Iran war help Ukraine get back in Trump's good books?
Trump says aid for Ukraine depleted U.S. weapons stockpiles, but as the Iran war takes that mantle, Kyiv eyes opportunities to build long-term defense partnerships.
Exclusive
DOJ guts office helping poorer immigrants obtain affordable legal aid, sources say
The DOJ's Recognition and Accreditation program enables non-attorneys to assist immigrants with needs including naturalization petitions and immigration court appearances.
U.S.
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Bill Cosby found liable in 1972 sexual assault, must pay over $19M in damages
A civil jury in California found 88-year-old Bill Cosby liable for drugging and sexually assaulting Donna Motsinger in 1972, and awarded her $19.25 million.
TSA lines at Houston airport a 3-floor nightmare amid staffing shortage
Out of the five terminals at George Bush Intercontinental Airport, only two had TSA staffing, and wait times could exceed four hours, the airport told travelers.
Polymarket buckles down on insider trading after suspiciously timed bets
Polymarket tightened its rules after questions surfaced over whether some prediction market customers engaged in insider trading.
DHS funding talks in limbo after Trump insists GOP pass SAVE America Act
Senate talks aimed at ending the 38-day DHS shutdown hit a new roadblock after President Trump called on Republicans to hold out for passage of the SAVE America Act.
Pope Leo puts Father Flanagan of Boys Town fame a step closer to possible sainthood
With Pope Leo XIV's proclamation, the priest commonly known as "Father Flanagan" is now officially declared "venerable."
MoneyWatch
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Polymarket buckles down on insider trading after suspiciously timed bets
Polymarket tightened its rules after questions surfaced over whether some prediction market customers engaged in insider trading.
Here are Elon Musk's "most epic" goals for his vast Terafab chip plant
Elon Musk unveiled plans for a massive chip manufacturing facility in Austin, Texas, that he said will power his "galactic" aspirations.
As airport delays continue, can enrolling in TSA PreCheck save you time?
"TSA PreCheck will likely help you, even now with the long lines we're seeing at checkpoints," said one travel expert.
How to cut down on pet expenses as costs rise
Pet ownership costs over the past year have increased by up to 10%, according to Rover.
OnlyFans owner Leonid Radvinsky dies of cancer at 43
The reclusive billionaire bought a majority stake in OnlyFans in 2018, growing the site into a major adult content platform.
Politics
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Exclusive
Congress launches investigation into California hospice fraud
A CBS News analysis of Los Angeles County hospice records found indications of fraud are growing. The House Oversight Committee is now investigating.
DHS funding talks in limbo after Trump insists GOP pass SAVE America Act
Senate talks aimed at ending the 38-day DHS shutdown hit a new roadblock after President Trump called on Republicans to hold out for passage of the SAVE America Act.
Strait of Hormuz dotted with about a dozen Iranian mines, U.S. officials say
U.S. officials say assessments show at least a dozen Iranian mines in the Strait of Hormuz as President Trump backs off his threat to target Iran's energy infrastructure over claims of productive peace talks
Exclusive
DOJ guts office helping poorer immigrants obtain affordable legal aid, sources say
The DOJ's Recognition and Accreditation program enables non-attorneys to assist immigrants with needs including naturalization petitions and immigration court appearances.
Could the Iran war help Ukraine get back in Trump's good books?
Trump says aid for Ukraine depleted U.S. weapons stockpiles, but as the Iran war takes that mantle, Kyiv eyes opportunities to build long-term defense partnerships.
HealthWatch
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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.
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.
World
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Pope Leo puts Father Flanagan of Boys Town fame a step closer to possible sainthood
With Pope Leo XIV's proclamation, the priest commonly known as "Father Flanagan" is now officially declared "venerable."
Strait of Hormuz dotted with about a dozen Iranian mines, U.S. officials say
U.S. officials say assessments show at least a dozen Iranian mines in the Strait of Hormuz as President Trump backs off his threat to target Iran's energy infrastructure over claims of productive peace talks
Dozens feared dead in military plane crash in southwestern Colombia
A military cargo plane crashed shortly after taking off in southwestern Colombia, the South American country's military said.
Could the Iran war help Ukraine get back in Trump's good books?
Trump says aid for Ukraine depleted U.S. weapons stockpiles, but as the Iran war takes that mantle, Kyiv eyes opportunities to build long-term defense partnerships.
Police find $12 million worth of cocaine on smuggling boat off Puerto Rico
Cocaine with an estimated value of $12 million has been seized off the north coast of Puerto Rico, authorities said.
Entertainment
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Entertainment
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.
Extended interview: Lisa Kudrow
In this web exclusive, Emmy-winning actress Lisa Kudrow talks with Tracy Smith about "Friends," and her HBO show "The Comeback."
Lisa Kudrow on making "The Comeback"
"Friends" star Lisa Kudrow played a washed-up sitcom actress, Valerie Cherish, in the 2005 HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and then returned in 2014. Now, "The Comeback" is itself making a comeback for a third season. Kudrow talks with correspondent Tracy Smith about her love for playing Phoebe Buffay; her aptitude for "cringe comedy"; and how she found solace following the death of "Friends" castmate Matthew Perry.
Chef Ruthie Rogers on the comforts of food and conversation
The River Cafe in London has had a Michelin star since the late 1990s, thanks to co-founder, owner, acclaimed chef and podcaster Ruthie Rogers, whose new book, "Table 4 at the River Cafe," celebrates conversations and comfort food.
Technology
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Polymarket buckles down on insider trading after suspiciously timed bets
Polymarket tightened its rules after questions surfaced over whether some prediction market customers engaged in insider trading.
Musk says he'll manufacture chips in Texas
Elon Musk says he will make chips in the U.S. for use in Teslas and robots. Reuters global aerospace editor Joe Brock joins to discuss.
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.
Here are Elon Musk's "most epic" goals for his vast Terafab chip plant
Elon Musk unveiled plans for a massive chip manufacturing facility in Austin, Texas, that he said will power his "galactic" aspirations.
Ways to cut down on pet care expenses
The cost of care for your pet is rising with one study finding that one in five pet owners carry at least $2,000 in pet-related debt. But there are ways to cut down on pet expenses. Ash-har Quraishi explains.
Science
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Science
How a fun nature app aids science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species.
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.
Crime
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Crime
Justin Timberlake's 2024 arrest on video
Newly released bodycam footage shows Justin Timberlake during his 2024 DWI arrest in New York. CBS News' Shanelle Kaul has more.
Suspected hate crime as 4 Jewish group ambulances set ablaze in London
Police in London are investigating a suspected antisemitic hate crime after vehicles belonging to a Jewish ambulance service were set on fire early Monday morning.
Fentanyl found inside Barbies sold at Missouri discount store, police say
Police found that five Barbie packages containing fentanyl were sold. They have all been recovered.
Couple on unusual activity at neighbor's home: "I think they finally killed him"
When Gary Herbst, described by his Minnesota neighbors as confrontational, disappeared on July 8, 2013, it appeared he walked out on his wife and teenage son. Years later, a startling discovery would confirm what neighbors thought they might have witnessed.
Wife of Joseph Duggar charged with child endangerment after his arrest
Kendra Duggar was charged with multiple misdemeanors a day after husband Joseph Duggar's arrest.
Space
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Space
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.
Repaired moon rocket heads back to launch pad for April 1 liftoff
After a 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.
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
Trump postpones Strait of Hormuz deadline
President Trump on Monday postponed his deadline for Iran to reopen the Strait of Hormuz. Mr. Trump had threatened strikes against Iranian power plants if the strait wasn't opened by Monday night. CBS News national security analyst Aaron MacLean joins with more.
NYC runway crash comes amid chaos at airports
A deadly collision on a LaGuardia Airport runway late Sunday night has rattled travelers as the nation's airports face increasing chaos due to the nearly 40-day shutdown affecting parts of the Department of Homeland Security. CBS News' Tom Hanson, Skyler Henry and Kris Van Cleave have the latest.
Musk says he'll manufacture chips in Texas
Elon Musk says he will make chips in the U.S. for use in Teslas and robots. Reuters global aerospace editor Joe Brock joins to discuss.
Iran's capabilities in war's fourth week
As the war with Iran enters its fourth week, President Trump says he's holding off on his threat to destroy the country's power plants if it does not reopen the Strait of Hormuz. CBS News national security analyst Aaron MacLean joins with more.
Duffy, Hochul and Mamdani on LGA runway crash
Transportation Secretary Sean Duffy and New York officials gave an update Monday on the deadly runway collision between a passenger jet and a fire truck at LaGuardia Airport.