Here's what a "soft landing" for the U.S. economy means for you
Wall Street economists increasingly predict inflation will continue to cool while avoiding a recession sparked by the Fed's rate hikes.
Inflation
Fed hints at interest rate cuts in 2024
Federal Reserve chair Jerome Powell announced Wednesday that interest rates would remain unchanged through the end of 2023 and indicated there could be rate cuts coming next year. Greg McBride, the chief financial analyst at Bankrate, joined CBS News to discuss what could be coming for the economy.
How high interest rates hurt tech startups
Tech startups faced closures and layoffs in 2023 as the Federal Reserve raised interest rates to a 22-year high. New York Times reporter Erin Griffith joins CBS News to explain what's going on in Silicon Valley.
Dow surges after Fed keeps rates unchanged
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
Federal Reserve to decide on interest rates
The Federal Reserve on Wednesday will announce another decision on interest rates with the expectation it will not raise or cut them. CBS News contributor and Axios' managing editor of business and markets Javier David joins CBS News with his analysis.
Fed unlikely to raise interest rates
Wholesale inflation remained unchanged in November after Dow Jones economists predicted a tenth of a percentage point increase. Lori Bettinger, the president of BancAlliance and former director of the Troubled Asset Relief Program, joined CBS News to discuss what the new numbers could mean for interest rates.
Jill Schlesinger on inflation, interest rates
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the latest Consumer Price Index report, which shows inflation slowing. Plus, what to expect on interest rates from the final Federal Reserve meeting of the year.
Inflation holds steady in latest CPI report
Consumer prices crept up a tenth of a percent in November as the cost of certain goods and services rose last month while energy and gas prices saw a decline. CBS News senior business and technology correspondent Jo Ling Kent has more.
Record-breaking holiday shopping
Just over 200 million people went shopping between Thanksgiving to Cyber Monday, beating the National Retail Federation's expectations and breaking last year's record. Katherine Cullen, vice president of industry and consumer insights for the National Retail Federation, joined CBS News to discuss what the organization expects to be a holiday season with record-breaking shopping levels.
Inflation eased in November as gas prices fell
Inflation across the U.S. continues to fall but remains sticky, with the cost of rent, medicare care and used cars edging up last month.
How Biden's pro-Israel stance may impact 2024
A new CBS News poll shows what Americans think about the economy and the Israel-Hamas war, with major implications for 2024. CBS News' Anthony Salvanto, Ed O'Keefe and Bo Erickson have more.
These 4 couponing apps could help keep your wallet padded this holiday
Use these apps to earn cashback and rewards on holiday shopping purchases to avoid blowing your budget as gift prices rise.
Americans still hurting from inflation: Poll
New CBS News polling shows many Americans believe their standard of living is worse than their parents. The poll found people are feeling deep impacts of inflation, despite strong economic data and speculation surrounding a so-called "soft landing" for the economy. CBS News executive director of elections and surveys Anthony Salvanto breaks down the numbers.
Poll: Americans feel inflation's impact on living standards, opportunities
Many feel worse off than their parents' generation as income isn't keeping up.
CBS News poll: Americans on inflation's impact
Inflation's impact may even go beyond the immediate pressure on Americans' pocketbooks, to a larger sense that it is stifling opportunity in America and the deeper sense that the nation's economic troubles of recent years have been, as a whole, tougher than others it has faced in generations. Anthony Salvanto joins "Face the Nation" to discuss the results the CBS News poll's findings
Holiday spending forecasted to be merry and bright
After a period of high inflation, the U.S. has received some good economic news in time for the holidays. Gas prices and mortgage rates have dipped, and job growth remains steady. For many shoppers, it will translate to more holiday spending. Joy Benedict has more.
Job growth shows signs of economic resilience
The latest job numbers from the U.S. Labor Department could indicate the economy may not slow down as inflation decreases. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBS News with a look at the data.
Deflation hits used cars and appliances: WSJ
Americans are starting to see deflation for the first time in three years -- but only on some items, not across the economy. New reporting from the Wall Street Journal shows price drops for used cars, furniture and appliances. David Harrison, reporter for The Wall Street Journal, joined CBS News to talk about the numbers.
The U.S. economy has a new twist: Deflation. Here's what that means.
After more than two years of price hikes, consumers are finally getting breaks on some items. That could help push inflation closer to 2%.
U.S. workers say inflation outpacing income
Around two-thirds of employed Americans say they have received a pay raise since last October, but 60% say their income hasn't been high enough to keep up with inflation, according to a Bankrate survey. CBS News business analyst Jill Schlesinger has more details.
Here's how much more you need to spend to maintain your living standard
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
Red Lobster's cheap "endless shrimp" offer chewed into its profits
Red Lobster added all-you-can-eat shrimp to its menu. Then it realized how much Americans can eat.
U.S. economy growing faster than expected
The U.S. gross domestic product — the broadest measure of economic activity — grew a revised 5.2% in the third quarter of 2023. That's the highest quarterly GDP growth in nearly two years, according to the Bureau of Economic Analysis. Reade Pickert, Federal Reserve editor for Bloomberg, joins CBS News to unpack the state of the economy.
Biden announces efforts to ease inflation
The Biden administration announced dozens of new measures Monday to boost manufacturing and cut down on supply chain issues with the overall goal of easing inflation. Courtenay Brown, an economics reporter for Axios, joined CBS News to discuss the moves.
Inflation is cooling, but most Americans say they haven't noticed
About 60% of American workers say their income has lagged inflation over the past 12 months, survey shows.
Live
4 more U.S. deaths, vague threat from Trump as Iran war nears 2-week mark
The U.S. military says four service members were killed in a plane crash in Iraq, as Iran's continued attacks on Gulf states keep oil prices high.
Suspect in synagogue attack lost family in recent airstrike in Lebanon, source says
The attacker rammed a vehicle into Temple Israel in West Bloomfield and was confronted and killed by security, Oakland County Sheriff Michael Bouchard said.
4 crew members killed in crash of U.S. KC-135 refueling aircraft in Iraq
The U.S. military has confirmed that at least four crew members were killed when an American KC-135 refueling plane taking part in the Iran war crashed in western Iraq.
Old Dominion shooting suspect was previously arrested for trying to support ISIS
The suspect, who was killed following the shooting, had previously been imprisoned for several years for trying to support ISIS, the FBI said.
Exclusive
U.S. fired at Iranian vessel that approached aircraft carrier, officials say
An Iranian vessel sailed too close to the USS Abraham Lincoln aircraft carrier, and the U.S. fired at the vessel, according to two U.S. officials.
Trump administration allows purchase of Russian oil already at sea
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
U.S. launches new investigations into 60 countries as it fights to restore tariffs
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
Cuba to release 51 people from prison in surprise move amid Trump pressure
Cuba's government says it will release 51 people from prisons, in an unexpected move that comes as the Trump administration puts immense pressure on the country.
Brave ROTC students credited with stopping deadly shooting at Old Dominion
Officials praised the "brave" actions of ROTC students who confronted a gunman Thursday after he opened fire in a classroom on the campus of Old Dominion University, killing one person and injuring two others.
U.S.
More U.S.
U.S. launches new investigations into 60 countries as it fights to restore tariffs
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
Brave ROTC students credited with stopping deadly shooting at Old Dominion
Officials praised the "brave" actions of ROTC students who confronted a gunman Thursday after he opened fire in a classroom on the campus of Old Dominion University, killing one person and injuring two others.
3 teens took part in a weeklong experiment to curb screen time. It worked.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
U.S. military plane crashes in Iraq, officials say
An aerial refueling tanker crashed in Western Iraq, U.S. officials said.
Exclusive
White House mulls defunding civil rights election observer program
The federal observer program sends neutral observers to monitor election sites to ensure voters don't experience discrimination at the polls.
MoneyWatch
More MoneyWatch
U.S. launches new investigations into 60 countries as it fights to restore tariffs
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
Trump administration allows purchase of Russian oil already at sea
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
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.
What will it take for ships to brave the Strait of Hormuz again?
Energy prices won't ease up until the Strait of Hormuz is secure, experts say. Here's what it will take to get the oil flowing again.
Trump weighs Jones Act waiver amid rising fuel prices, White House says
Easing the century-old shipping law could help lower fuel prices as the Iran war pushes crude oil near $100 a barrel, experts say.
Politics
More Politics
U.S. launches new investigations into 60 countries as it fights to restore tariffs
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
Trump administration allows purchase of Russian oil already at sea
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
Cuba to release 51 people from prison in surprise move amid Trump pressure
Cuba's government says it will release 51 people from prisons, in an unexpected move that comes as the Trump administration puts immense pressure on the country.
Exclusive
U.S. fired at Iranian vessel that approached aircraft carrier, officials say
An Iranian vessel sailed too close to the USS Abraham Lincoln aircraft carrier, and the U.S. fired at the vessel, according to two U.S. officials.
U.S. military plane crashes in Iraq, officials say
An aerial refueling tanker crashed in Western Iraq, U.S. officials said.
HealthWatch
More HealthWatch
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.
Disease once linked to mining hits workers in countertops industry
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
Investigation
There's one building in LA with 89 registered hospices: "Ground zero" for fraud?
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
World
More World
Live
4 more U.S. deaths, vague threat from Trump as Iran war nears 2-week mark
The U.S. military says four service members were killed in a plane crash in Iraq, as Iran's continued attacks on Gulf states keep oil prices high.
14 million doses of fentanyl seized from secret drug lab in Mexico
The raids come as President Donald Trump ramps up his criticism of Mexico's record on fighting drug trafficking.
4 crew members killed in crash of U.S. KC-135 refueling aircraft in Iraq
The U.S. military has confirmed that at least four crew members were killed when an American KC-135 refueling plane taking part in the Iran war crashed in western Iraq.
Cuba to release 51 people from prison in surprise move amid Trump pressure
Cuba's government says it will release 51 people from prisons, in an unexpected move that comes as the Trump administration puts immense pressure on the country.
U.S. military plane crashes in Iraq, officials say
An aerial refueling tanker crashed in Western Iraq, U.S. officials said.
Entertainment
More Entertainment
Misty Copeland fires back at Timothée Chalamet ballet, opera comments
Ballerina Misty Copeland responded to controversial comments made by actor Timothée Chalamet when he appeared to dismiss the significance of ballet and opera, saying, "No one cares."
John Grisham on his first-ever spy novel
John Grisham, who has written 52 bestsellers, reveals the name of his new novel on "CBS Mornings" and talks about how writing about espionage compares to his legal thrillers.
Spoiler alert! Latest "Survivor elimination
The fourth contestant eliminated from "Survivor: In the Hands of the Fans" joins "CBS Mornings" to discuss being voted off and playing the game again.
Misty Copeland on Timothée Chalamet comments
Misty Copeland, the first Black female principal dancer for the American Ballet Theater, said Timothée Chalamet "wouldn't be an actor and have the opportunities he has as a movie star if it weren't for opera and ballet and their relevance in that medium." Her response comes after Chalamet's comments on ballet and opera sparked backlash.
Oscars 2026: Behind the scenes with the best supporting actor nominees
Watch scenes from the performances nominated for best supporting actor at the 98th annual Academy Awards, as well as interviews with the nominees.
Technology
More Technology
3 teens took part in a weeklong experiment to curb screen time. It worked.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
How Pentagon-Anthropic AI dispute escalated
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
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.
Memory chip shortage could raise tech prices
An explosion in artificial intelligence data centers and cloud computing is shrinking the supply of memory chips, which is having a major impact on the price consumers pay for everyday tech. CNET editor-in-chief David Katzmaier joins CBS News to discuss.
What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
Science
More Science
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.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
More Crime
14 million doses of fentanyl seized from secret drug lab in Mexico
The raids come as President Donald Trump ramps up his criticism of Mexico's record on fighting drug trafficking.
What happened in Michigan synagogue attack
The FBI is assisting in the Michigan synagogue attack investigation, calling the incident a "targeted act of violence against the Jewish community." CBS News' Alysia Burgio, Sam Vinograd and Rodney Harrison have more.
FBI helping Michigan synagogue attack probe
Officials in Michigan gave an update on Wednesday afternoon's synagogue attack in West Bloomfield. The FBI is assisting in the investigation as a "targeted act of violence against the Jewish community."
Details on Michigan synagogue attack
Two major active shooting situations occurred in the U.S. on Thursday. The first happened at Old Dominion University in Norfolk, Virginia, during an ROTC class. A retired Army officer was killed and two other people were injured. The gunman, who was also killed, had previously pleaded guilty in the U.S. over connections to ISIS. In Michigan, a truck rammed into one of the biggest synagogues in the country. A security guard shot killed the suspect who exited the vehicle armed with a rifle. CBS News' Bradley Blackburn, Anna Schecter and Sam Vinograd have more.
FBI identifies Old Dominion shooter
The FBI held a briefing Thursday after a gunman killed at least one person and injured two others at Old Dominion University. Officials identified the shooter as Mohamed Bailor Jalloh, who was previously imprisoned for trying to support ISIS.
Space
More Space
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.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
Latest Galleries
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
Strait of Hormuz's impact on oil prices
Ship traffic in the Strait of Hormuz was mostly stopped amid the war in Iran on Thursday, which contributed to rising oil prices. The waterway typically carries around 20% of the world's supply of oil. On Wednesday, President Trump ordered the release of 172 million barrels of oil from emergency reserves. In a statement attributed to Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, he said Iran should keep putting pressure on the critical chokepoint.
NASA eyes April 1 launch of Artemis II
NASA says it is rolling the Artemis II rocket back out to its launch pad one week from Thursday in the hopes of an April 1 launch date. CBS News space consultant Bill Harwood has more.
Oz on Newsom, California's hospice fraud issue
Dr. Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services, tells CBS News' Adam Yamaguchi, "If we could fix California it would help the rest of the country," as the state grapples with a growing hospice fraud problem.
Former FBI agent on Michigan, Virginia attacks
An armed suspect with explosives rammed a truck into a Michigan synagogue on Thursday before a security guard shot and killed the suspect. Meanwhile, a deadly shooting at Virginia's Old Dominion University, also on Thursday, is being investigated as an act of terrorism. Former FBI special agent Jeff Harp joins CBS News to discuss both attacks.
3/12: The Takeout with Major Garrett
Police investigating attacks at Old Dominion University and Michigan synagogue; Iran's new supreme leader releases first statement.