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.
Inflation
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.
Wendy's plans to test surge pricing in 2025
Wendy's is planning to roll out a "dynamic pricing" model for its menu in 2025, meaning prices will change throughout the day based on a few different factors. CBS News senior business and technology correspondent Jo Ling Kent explains.
Wendy's to introduce surge pricing in 2025
Wendy's says it will introduce surge pricing in 2025, meaning the cost of a burger or Frosty could go up at the busiest times of the day. Jo Ling Kent reports.
Economists see brighter outlook for 2024. Here's why.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
Americans are spending more on food than they have in 3 decades
The high cost of food both at home and in restaurants continues to be a sore spot for millions of U.S. households.
Home prices, mortgage rates remain high
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
U.S. food prices at 30-year high
Even though economic reports show inflation is letting up, Americans are spending more on food than they have in three decades, according to new data from the Labor Department. Restaurants and food company executives are blaming labor and production costs. Jesse Newman, food reporter for The Wall Street Journal, joined CBS News to discuss the high prices.
S&P 500, Dow rally to new records after Nvidia's earnings report
Nvidia's stock price surged after delivering another blowout quarter, setting off a rally in other tech stocks that carried Wall Street to another record high.
What's driving inflation right now?
The producer price index jumped by 0.3% in January, according to a U.S. Department of Labor report released on Friday. The data is fueling concerns that the stubbornly high inflation rate may not be going away anytime soon. Lori Bettinger, president of a network of community banks known as BancAlliance, joins CBS News to break down the findings.
Inflation concerns loom in election year
As voter anxiety over the economy intensifies this presidential election year, inflation remains high at 3.1% year-over-year, despite a significant reduction. Treasury Secretary Janet Yellen talks to CBS News about the Biden’s administration's strategy in an exclusive interview.
As inflation cools, workers "are getting ahead," Treasury's Yellen says
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
Janet Yellen discusses inflation, U.S. economy
Treasury Secretary Janet Yellen sat down with Jo Ling Kent in the battleground state of Michigan for an exclusive interview about the concerns many Americans continue to have about high prices. This comes after inflation rose again in January at a higher rate than expected.
The impact of inflation
Following new cost of living data revealing a slower-than-anticipated cooling in inflation and with the Consumer Price Index up 3.1% from the previous year, stocks faced significant losses. CBS News business analyst Jill Schlesinger talks about what’s driving these numbers.
Here's when experts think the Fed could start cutting interest rates
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
Stocks tumble after hot inflation report
The three major stock indexes fell more than one percentage point each Tuesday after a government report showed inflation remained stubbornly high in January. CBS News contributor Javier David joins to unpack the figures.
Tips for those with student loans
Student loan payments resumed last fall, and for millions, the added bill combined with stubborn inflation makes for a difficult financial burden. One expert gives tips and advice that may help reduce costs. Nancy Chen reports.
Inflation didn't drop as expected
Although the rate of inflation still appears to be declining, in January it did not cool as targeted. Heather Boushey, a member of President Biden's Council of Economic Advisers, joins CBS News with the administration's reaction to the fresh data.
Here's why food prices, from steak to fast-food meals, are still rising
Higher food prices partly caused the hotter-than-expected inflation report. Getting pinched at the grocery store is souring Americans on the economy.
Inflation hotter than expected in January
January's Consumer Price Index showed a slightly higher increase in prices than economists had predicted, rising 3.1% from a year earlier. CBS News business analyst Jill Schlesinger has a breakdown of the numbers.
Inflation ran hotter than expected in January
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Federal Reserve Chair Jerome Powell discusses interest rate cut timeline
In a rare interview, Federal Reserve Chair Jerome Powell signaled the U.S. is nearing a long-awaited shift toward cutting interest rates. He shared more on timing and what he's waiting for.
Fed Chair Jerome Powell shares why Fed hasn't yet cut interest rates
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
Chairman Powell I Sunday on 60 Minutes
There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.
Live
Strait of Hormuz traffic ramps up in wake of U.S.-Iran deal signing
More tankers are transiting the Strait of Hormuz after 111 days of gridlock, but Iran and the U.S. still have much to discuss.
U.S. plans expansion of denaturalization push, aiming for 250 cases by fall
The Trump administration expects to try to revoke the U.S. citizenship of more than 250 foreign-born citizens by October, a Justice Department official said.
Facing bipartisan criticism of Iran deal, Trump lashes out at "fools"
Republican Sens. Bill Cassidy, Thom Tillis and Ted Cruz have been critical of the 14-point memorandum of understanding signed on Wednesday.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
How Trump's memo of understanding with Iran compares to Obama nuclear deal
The Obama-era Iran deal was packed with technical details and specific requirements limiting, but not shutting down, Iran's nuclear program. President Trump's new agreement is more of a framework, and it's not final yet.
Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
Supreme Court sides with man who challenged law barring drug users from having guns
The Supreme Court on Thursday ruled in favor of a Texas man who challenged a federal law that bars certain drug users from having firearms.
Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Live
Obama Presidential Center opens in Chicago with star-studded celebrations
The Obama Presidential Center's grand opening ceremony featured a star-studded lineup of tributes, speeches and musical performances.
U.S.
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GOP congressman, missing for months, set to return on June 30
Republican Rep. Tom Kean Jr. of New Jersey will return to Congress on June 30, his spokesperson said, after being away since March in an unexplained absence that has confounded Capitol Hill.
Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
Americans say they're reading fewer books. Here's what they're doing instead.
Many people are spending more time on screens, but also doing more physical activities, a new CBS News poll finds.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
MoneyWatch
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Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Intel shares leap after Trump announces chip deal with Apple
In a social media post, President Trump touted the U.S. government's 10% stake in Intel, noting that it is now worth $60 billion.
Gas prices fall below $4 a gallon for the first time in nearly 3 months
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
Politics
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Michelle Obama's speech at center opening moves husband to tears
Former first lady Michelle Obama delivered a loving and heartfelt tribute to her husband at the Obama Presidential Center's grand opening ceremony in Chicago Thursday.
GOP congressman, missing for months, set to return on June 30
Republican Rep. Tom Kean Jr. of New Jersey will return to Congress on June 30, his spokesperson said, after being away since March in an unexplained absence that has confounded Capitol Hill.
Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Facing bipartisan criticism of Iran deal, Trump lashes out at "fools"
Republican Sens. Bill Cassidy, Thom Tillis and Ted Cruz have been critical of the 14-point memorandum of understanding signed on Wednesday.
HealthWatch
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Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Arrests of immigrant parents create mental health crisis for children
An estimated hundreds of thousands of children, many of them U.S. citizens, have been separated from a parent in the Trump administration's immigration crackdown.
Ebola outbreak still spreading in Congo: "We are missing cases"
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
World
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Hegseth announces review of U.S. forces in Europe, blasts "shameful" NATO allies
The Pentagon is launching a six-month review of U.S. forces and bases in Europe, Defense Secretary Pete Hegseth said Thursday at a meeting of NATO defense ministers.
"Lady Gucci," who had her ex-husband killed, could soon inherit $23M fortune
Despite spending 18 years in prison for orchestrating the murder of her ex-husband, fashion heir Maurizio Gucci, Patrizia Reggiani may be about to inherit a fortune.
Facing bipartisan criticism of Iran deal, Trump lashes out at "fools"
Republican Sens. Bill Cassidy, Thom Tillis and Ted Cruz have been critical of the 14-point memorandum of understanding signed on Wednesday.
Ukraine drone strike hits major Russian oil refinery near Moscow
Ukraine's Zelenskyy says after second major strike on Russian oil refinery that unless Putin stops his war, "Moscow will burn."
1,200-year-old Robin Hood oak tree in Sherwood Forest has died, group says
A massive ancient oak tree linked to the legend of Robin Hood may have been loved to death.
Entertainment
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Americans say they're reading fewer books. Here's what they're doing instead.
Many people are spending more time on screens, but also doing more physical activities, a new CBS News poll finds.
Singer Myles Smith talks debut album
Myles Smith's career skyrocketed after his hit song "Stargazing" became the biggest song by a U.K. artist worldwide in 2024. Now, he's releasing his debut album, "My Mess, My Heart, My Life," on June 19. Myles Smith joins "CBS Mornings" to discuss his rapid rise to stardom, his first album and his experience touring with Ed Sheeran.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Extended interview: Myles Smith
British singer-songwriter Myles Smith talks to Anthony Mason about his much-anticipated debut album, "My Mess, My Heart, My Life," growing up in London, his rapid rise to stardom and more.
Technology
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Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Americans on AI's future impact
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
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.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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"Lady Gucci," who had her ex-husband killed, could soon inherit $23M fortune
Despite spending 18 years in prison for orchestrating the murder of her ex-husband, fashion heir Maurizio Gucci, Patrizia Reggiani may be about to inherit a fortune.
Ex-police commissioner on Heuermann sentence
The Long Island architect who lived a secret life as the Gilgo Beach serial killer was sentenced to life in prison without parole on Wednesday. Former Suffolk County Police Commissioner Rodney Harrison, who formed the task force that ultimately led to Rex Heuermann's arrest, joins with analysis.
Gilgo Beach serial killer sentenced
In a Long Island courtroom Wednesday, Rex Heuermann received three life sentences for choking and dismembering eight women, most of them in his basement, over the course of more than 15 years. The 62-year-old addressed the court before he was sent away. Tom Hanson reports.
Inside Gilgo Beach killer's sentencing hearing
A judge on Wednesday sentenced Gilgo Beach serial killer Rex Heuermann to life in prison without parole. CBS News New York's Jennifer McLogan was in the courtroom and joins with details.
Heuermann addresses court as he's sentenced
Rex Heuermann was sentenced to life in prison without parole Wednesday after pleading guilty to a series of murders known as the Gilgo Beach serial killings. Heuermann spoke at the hearing where the sentence was handed down. CBS News' Shanelle Kaul reports.
Space
More Space
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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
Michelle Obama speaks at center dedication
Former first lady Michelle Obama spoke at the dedication ceremony of the Obama Presidential Center in Chicago on Thursday, calling it "an honor" to be by her husband's side. Watch her full speech.
Obama speaks at presidential center dedication
Former President Barack Obama's new presidential center in Chicago held its grand opening on Thursday. Speaking at the dedication ceremony, Obama said he hopes the center will affirm "how precious our democracy really is."
Supreme Court on gun case linked to drug use
The Supreme Court unanimously found that a Texas man's prosecution for having a firearm while he was an occasional, unlawful marijuana user was too broad an interpretation of the law and violated his Second Amendment. CBS News' Jan Crawford reports.
Mamdani praises Knicks' NBA victory at parade
New York City Mayor Zohran Mamdani spoke to an overflowing crowd of passionate fans gathered to celebrate the Knicks' NBA Championship title. "The Knicks did not just win for New York City, they won like New York City," Mamdani said. "For 53 years we waited. Now, we've won."
Vance reacts to Trump blame comments on Iran
Vice President JD Vance held a press briefing at the White House on Thursday and provided more details on the timing of the Iran deal after President Trump signed the memorandum of understanding with Tehran. CBS News' Aaron Navarro reports.