Fed holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Inflation
Here's the financial impact of the Fed's pause on rate cuts
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
Rep. Don Bacon on Trump's proposed tax cuts
On Wednesday, President Trump met with three House Republicans who kept their seats in districts that former Vice President Kamala Harris won. One of those lawmakers, Rep. Don Bacon of Nebraska, joins "America Decides" to unpack Trump's proposed tax cuts, as well as his own.
Breaking down Trump's tariff threat at Davos
President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution, joins "America Decides" to examine Trump's remarks.
Trump wants the feds to lower prices for Americans. Can he deliver?
President Trump campaigned on the promise to bring down the U.S. cost of living. That could be easier said than done.
Trump speaks at Inauguration Day parade
President Trump spoke at Capitol One Arena on Monday hours after taking the oath of office. Trump previewed his priorities for his second term and bashed his predecessor's policies.
What executive orders will Trump issue Day 1?
President-elect Donald Trump is expected to issue a flurry of executive orders after returning to the White House on Monday. Political strategists Joel Payne and Kevin Sheridan join "America Decides" with analysis.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Inflation up 2.9% in latest CPI report
The latest consumer price index report shows inflation rose 2.9% year-over-year in December, marking three months of consecutive increases. Experts are warning of delays in interest rate cuts and possibly even rate hikes. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Producer prices rose less than expected last month, encouraging investors
U.S. wholesale inflation rose 0.2% last month on higher energy prices.
Biden says he could have won 2024 election
President Biden says he thinks he could have beaten President-elect Donald Trump in the 2024 election. However, in an interview with USA Today, Biden also admitted he isn't sure he'd have the stamina to serve four more years. Author and political analyst Chris Whipple joins "America Decides" to unpack Biden's comments.
Stock market dips amid tech stock selloff
The U.S. stock market took a significant dip on Friday, fueled by a selloff in tech stocks. CBS News contributor Javier David breaks it down and looks ahead to 2025.
What is the state of the job market?
The number of Americans applying for unemployment benefits fell slightly last week. Meanwhile, the average 30-year mortgage rate hit 6.85%, the highest since July. CBS News contributor Javier David breaks it down.
The impact of sticky inflation on Americans
2024 was a departure from the high inflation numbers of just two years ago, but the fight against rising prices is not over. CBS News MoneyWatch correspondent Kelly O'Grady looks back on the biggest economic and business stories of the year.
Mortgage rates increase despite Fed's rate cut
The Federal Reserve announced its third interest rate cut of the year this week. But despite the good news for consumers, mortgage rates are still rising. Bankrate senior industry analyst Ted Rossman joins "The Daily Report" to discuss.
The Fed's rate cuts impact on Americans
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
Fed makes final 2024 interest rate decision
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
Jerome Powell on U.S. economy after cut
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.
Here's how the Fed's interest rate cut today could impact your money
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
Federal Reserve cuts interest rate again
The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.
Holiday baking costs rise
Americans use butter more this time of year than any other time. Last year, the cost of butter was up 16% in November and December, and this year the cost of butter and other baking ingredients have jumped. CBS News' Nancy Chen explains why.
Trump Person of the Year interview takeaways
President-elect Donald Trump will succeed Taylor Swift as Time Magazine's Person of the Year. It's the second time Trump has been awarded that distinction. CBS News' Nikole Killion and Jennifer Jacobs have more.
Inflation rises for second straight month
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what to know about the prices of products after the Consumer Price Index report for November showed inflation went up for a second straight month.
Holiday shoppers feeling inflation pinch
The Labor Department reported Wednesday that consumer prices rose 2.7% year-over-year in November. The news comes as consumers do their holiday shopping and the Federal Reserve weighs its final rate decision of 2024. CBS News contributor Javier David has more.
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