When will the Fed cut rates? Maybe not in 2024, Fed official cautions
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
Inflation
California gets new fast food minimum wage
Fast food workers in California will now earn a minimum of $20 an hour. CBS News correspondent Carter Evans has more details. Then, economy and labor journalist Margot Roosevelt joins to discuss what the wage changes mean for the industry and Californians.
Cocoa prices hit record highs ahead of Easter holiday
Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply.
Why new inflation numbers aren't alarming Fed
The Federal Reserve kept interest rates steady on Wednesday, but officials still anticipate cuts later this year despite two straight months of higher-than-expected inflation. Nick Timiraos, chief economics correspondent at The Wall Street Journal, joins CBS News to discuss the Fed's path forward.
Intel gets $8.5B federal investment for chips
On Wednesday, President Biden unveiled an $8.5 billion agreement with tech giant Intel in Arizona. The funding is part of the CHIPS Act and will create 30,000 manufacturing and construction jobs. Jared Bernstein, White House economic adviser, joins "America Decides" to discuss.
What to know ahead of the Fed's announcement
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
Latino voters in Arizona discuss 2024 race
President Biden is wrapping up a Southwest trip to Nevada and Arizona. There, he highlighted his economic policies and appealed to Latino voters. CBS News' Fin Gómez and Weijia Jiang have more.
The Fed is meeting today — will it finally cut interest rates?
After two years of rate hikes, Americans are coping with higher costs for all kinds of loans. Here's what to expect from the Fed today.
Interest rates hit 23-year peak
In a move to combat rising inflation, interest rates have soared to their highest in nearly a quarter-century. The Federal Reserve is concluding a two-day policy meeting today. Their decisions could significantly impact borrowing costs for consumers.
3/20: CBS Morning News
Appeals court to hear arguments on Texas border law; Princess Kate privacy breach investigation.
Home prices fall amid higher mortgage rates as spring buying season begins
A rise in the number of home listings with price cuts suggests a return to a more balanced dynamic between buyers and sellers.
How immigration contributes to job growth
A new study by the Brookings Institution examines the role immigration has played in allowing the U.S. job market to grow faster without stoking inflation. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joins CBS News to explain how migrants contribute to job growth and U.S. demand.
Wholesale inflation up 0.6% in February
Wholesale inflation saw its biggest increase since last summer in February, rising 0.6% according to the Producer Price Index. CBS News business analyst Jill Schlesinger has more.
Biden, Trump pivot to general election mode
President Biden and former President Donald Trump are shifting focus to the general election after gaining enough delegates to clinch their parties' nominations. Biden campaign senior spokesperson Kevin Munoz and Trump campaign national press secretary Karoline Leavitt join "America Decides" to discuss what they believe will be key to their victory.
Why inflation ticked up in February
Consumer prices rose 0.4% from January to February, indicating inflation continues to be a hurdle in the U.S. economy. Gas and home prices contributed to the increase. CBS News' Jo Ling Kent breaks down the figures.
How Fed could react to hot February inflation
Consumer prices climbed again in February, according to a new U.S. Bureau of Labor Statistics report. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss if the increase could change the Fed timeline for a rate drop.
Inflation hotter than expected in February
New economic data shows inflation ticked up last month at a higher-than-expected rate. The Consumer Price Index rose four-tenths of a percent in February with a marked increase in the cost of shelter and gasoline. CBS News contributor Javier David has more.
Jobs grow in February, unemployment rises
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
Sen. Katie Britt delivers GOP rebuttal
Republican Sen. Katie Britt of Alabama delivered her party's response to President Biden's State of the Union address Thursday night, in emotional remarks from her kitchen. "CBS Evening News" anchor and managing editor Norah O'Donnell leads a panel to break down Britt's speech.
Biden touts economic record, infrastructure
In his 2024 State of the Union address, President Biden ran through his legislative achievements during his first term in office. He highlighted a $1.2 trillion infrastructure package to revitalize the nation's roads, bridges, waterways and public transit, and legislation that aims to boost domestic production of semiconductor chips.
Aldi plans to open 800 new stores around the U.S.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
Previewing 2024 State of the Union address
President Biden is set to deliver the 2024 State of the Union address Thursday as he lags behind Donald Trump in the polls. CBS News senior White House and political correspondent Ed O'Keefe has more.
Jerome Powell wants more proof inflation is falling before cutting rates
Jerome Powell noted inflation is slowing for both goods and services, but offered no hints on potential timing of rate cuts.
Creative shopping for high food costs
As food inflation continues to persist, some shoppers are getting creative with the way they shop for groceries and plan meals. The Wall Street Journal reports consumers are cutting down on eating out, leaning more on coupons and changing the kind of food they eat. Heather Haddon, the co-writer of that Wall Street Journal story, joined CBS News to discuss.
Here's what's making it so hard to buy a home in the U.S. these days
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
Paxton projected to win Texas Senate GOP runoff, defeating incumbent Cornyn
President Trump had endorsed Texas Attorney General Ken Paxton in the primary runoff.
Live
As Iran and U.S. appear to near a deal, Israel ramps up war in Lebanon
As the U.S. and Iran keep up the bluster but appear ready to de-escalate, Israel expands deadly attacks on the complex war's other front in Lebanon.
5 of 7 people trapped in flooded Laos cave for over a week found alive
Five villagers stuck in a flooded cave in central Laos for more than a week were found alive, rescuers said Wednesday, but two others are missing.
At least 1 dead, 9 missing after chemical tank implosion in Washington
The damaged tank at Nippon Dynawave Packaging Co. held approximately 900,000 gallons of white liquor, a chemical used in paper processing, authorities said.
Minneapolis Police Chief Brian O'Hara resigns after internal probe
Minneapolis Police Chief Brian O'Hara has resigned following an internal investigation into his conduct, the mayor announced Tuesday evening.
Biden sues Justice Department to block release of files from biographer interviews
Former President Joe Biden has sued the Justice Department seeking to block the release of files related to interviews he conducted with a biographer that later became a central part of a special counsel investigation into his handling of classified documents.
Exclusive
Latino voters turning away from Trump, but warnings remain for Dems, poll says
Hispanic voters are heading into the midterms feeling economically squeezed and increasingly skeptical of the direction of the country — but Democrats are not necessarily running away with their support, a new poll by UnidosUS finds.
Galindo projected to lose Texas Dem House runoff after antisemitism accusations
Maureen Galindo lost to Johnny Garcia after accusations of antisemitism roiled the race in recent days.
Fire at kosher store in London doesn't look suspicious, officials say
An official says a fire in a London neighborhood with a large Jewish community that's been targeted repeatedly is "not believed to be suspicious."
U.S.
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Man accused of hurling rock at rare seal was assaulted, lawyer says
A witness recorded what prosecutors say was a video of Igor Lytvynchuk throwing the rock at a Hawaiian monk seal at a Maui beach.
The safest vehicles for teen drivers and how much they cost
The Insurance Institute and Consumer Reports ranked 96 of the safest cars for teens. Here's what to know.
Biden sues Justice Department to block release of files from biographer interviews
Former President Joe Biden has sued the Justice Department seeking to block the release of files related to interviews he conducted with a biographer that later became a central part of a special counsel investigation into his handling of classified documents.
1 killed, 2 survive U.S. strike on boat in Eastern Pacific, SOUTHCOM says
At least 193 people have been killed in the Trump administration's campaign of missile strikes on boats it claims are trafficking drugs in Latin American waters.
Court gives Mahmoud Khalil more time to fight efforts to deport him
A federal appeals court is giving former Columbia University graduate student Mahmoud Khalil more time to fight the Trump administration's efforts to deport him.
MoneyWatch
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The safest vehicles for teen drivers and how much they cost
The Insurance Institute and Consumer Reports ranked 96 of the safest cars for teens. Here's what to know.
BP ousts recently appointed chair over "conduct issues"
The board upheaval comes less than a year after BP appointed Albert Manifold to the role.
Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
Sponsored
Planning to start your own business? Consider these key tips.
Launching a business can be thrilling, but it pays to plan ahead to maximize your chances of success. Here's what to consider (sponsored by AT&T).
Stocks mixed as investors shrug off renewed fighting in Iran
Oil prices were also mixed after U.S. strikes on Iranian forces, underscoring the risks still hanging over markets and consumers.
Politics
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Exclusive
Latino voters turning away from Trump, but warnings remain for Dems, poll says
Hispanic voters are heading into the midterms feeling economically squeezed and increasingly skeptical of the direction of the country — but Democrats are not necessarily running away with their support, a new poll by UnidosUS finds.
People held by ICE dying by suicide at increasing, high rate, AP probe finds
ICE detainees are taking their own lives at a pace that's unprecedented in the agency's two-decade history, highlighting what experts call failures in care and oversight, an AP investigation finds.
Biden sues Justice Department to block release of files from biographer interviews
Former President Joe Biden has sued the Justice Department seeking to block the release of files related to interviews he conducted with a biographer that later became a central part of a special counsel investigation into his handling of classified documents.
Allred defeats Johnson in heated Texas 33 Democratic runoff race
Former Congressman Colin Allred defeated State Rep. Julie Johnson in Tuesday's runoff to become the Democratic nominee for Texas' 33rd Congressional District.
Galindo projected to lose Texas Dem House runoff after antisemitism accusations
Maureen Galindo lost to Johnny Garcia after accusations of antisemitism roiled the race in recent days.
HealthWatch
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HealthWatch
Trump has third medical exam of the past year
President Trump said his health "checked out perfectly" after a medical checkup on Tuesday. Nancy Cordes reports.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
The latest details on the Ebola outbreak
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
What to know about the chemical tank in California that forced evacuations
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
Ebola kills 3 Red Cross workers in the Congo, organization says
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
World
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Ex-chef who supplied poison for suicides to avoid murder charges
Kenneth Law is a former chef accused of running a number of online forums that offered predominantly young, distressed people advice on how to end their lives.
Live
As Iran and U.S. appear near a deal, Israel ramps up war in Lebanon
As the U.S. and Iran keep up the bluster but appear ready to de-escalate, Israel expands deadly attacks on the complex war's other front in Lebanon.
5 of 7 people trapped in flooded Laos cave for more than a week found alive
Five villagers stuck in a flooded cave in central Laos for more than a week were found alive, rescuers said Wednesday, but two others are missing.
Fire at kosher store in London "non-suspicious," police say
London police say a fire at a kosher store in a London neighborhood with a large Jewish community that's been targeted repeatedly is "non-suspicious."
Israel says strike killed new chief of Hamas armed wing in Gaza
Israel says it killed the new head of Hamas's armed wing in Gaza, Mohammed Odeh, after killing his predecessor in a similar attack earlier this month.
Entertainment
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Entertainment
Estelle on her latest album "Stay Alta"
Grammy Award-winning artist Estelle released her sixth studio album, titled "Stay Alta," and joins CBS News 24/7 Mornings to reflect on her career and discuss what this record means for her.
Josh Johnson on new special, career in comedy
Comedian Josh Johnson talks with "CBS Mornings" about finding humor in everyday life, how storytelling is at the center of his jokes and his first HBO special, "Symphony."
Top moments from the American Music Awards
There were 12 new categories this year at the American Music Awards, which were held on Memorial Day. For the second time at the awards show, BTS took home the night's biggest prize.
Extended interview: Josh Johnson
Comedian Josh Johnson talks to CBS News' Vladimir Duthiers about his journey from becoming a writer to a correspondent and host on "The Daily Show," his new special, "Josh Johnson: Symphony" on HBO Max, how his family influenced his comedy and more.
Sonny Rollins, trailblazing jazz saxophonist, dies at age 95
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Technology
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Technology
Study evaluates AI's accuracy on news
More than 1 billion people worldwide use artificial intelligence chatbots, but just how accurate are the answers? Forum AI released results from its latest study to determine the accuracy of chatbots in news and current events. Robbie Goldfarb, co-founder of Forum AI, joins CBS News to discuss.
How the U.S. military is using AI in warfare
CBS News' Chris Livesay gets an inside look at how the U.S. military is using artificial intelligence on the battlefield.
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.
Pope Leo's AI warning rocks tech industry
Pope Leo XIV warns of the dangers of artificial intelligence in his first encyclical. CBS News' Chris Livesay reports.
Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
Science
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
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Ex-chef who supplied poison for suicides to avoid murder charges
Kenneth Law is a former chef accused of running a number of online forums that offered predominantly young, distressed people advice on how to end their lives.
Minneapolis Police Chief Brian O'Hara resigns after internal probe
Minneapolis Police Chief Brian O'Hara has resigned following an internal investigation into his conduct, the mayor announced Tuesday evening.
U.S.-wanted nephew of drug lord "El Chapo" is captured in Mexico
The nephew of notorious Mexican drug lord Joaquin "El Chapo" Guzman is sought by U.S. authorities, officials said.
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Wander Franco found criminally responsible for abusing minor, avoids jail time
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
Space
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NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
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
5 of 7 people found alive in Laos cave rescue
Five of the seven people who have been stuck in a Laos cave for more than a week were found alive, rescuers said, while two others remain missing. Matt Gutman reports.
5 miners found alive inside flooded Laos cave
Five of the seven miners who were trapped in a flooded cave in central Laos have been rescued, but two remain missing, according to rescuers. CBS News' Ramy Inocencio reports.
Latest on deadly Washington tank implosion
A massive chemical tank implosion at a Washington state paper mill killed at least one person and left nine workers missing, authorities said. Jonathan Vigliotti reports.
Paxton beats Cornyn in Texas GOP primary
Trump-backed Ken Paxton has defeated Sen. John Cornyn in Texas' GOP Senate primary runoff, CBS News projects. Jessi Mitchell anchored CBS News' special report.
NASA planning 3 moon missions this year
NASA is planning three new moon missions this year as the race to build a lunar city takes shape. NASA officials are hoping to maintain a presence on the south pole of the lunar surface. CBS News space consultant Bill Harwood has more.