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.
Inflation
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.
Why January's jobs report is a big surprise
The U.S. economy added 353,000 jobs in January, according to the Labor Department's first jobs report of the year. Daniel Zhao, the lead economist at Glassdoor, joins CBS News with a look at the surprising data.
Presidential candidates address housing costs
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
When will the Fed cut interest rates?
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
Why the Fed is holding interest rates steady
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
Here's what to know about the Fed's first rate meeting of 2024
The Federal Reserve kept its benchmark rate steady at its first meeting of 2024. Here's what it means for your money.
Regional banks try to combat low earnings
Regional banks are seeing steep drops in their 2023 fourth quarter profits after avoiding a crisis last year as inflation persisted. Gina Heeb, a Wall Street Journal reporter, joins CBS News with her take on the regional banking outlook.
Record number of Americans are homeless amid nationwide rent surge
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
Senate passes climate and drug costs bill
After long negotiations and more than 24 hours of voting, the Senate passed a spending bill aimed at tackling climate change, reducing drug costs and addressing inflation on Sunday along strict party lines. Congressional correspondent Nikole Killion details path to the final vote.
Report: U.S. economy saw strong end to 2023
The U.S. economy had a robust end to 2023, with the gross domestic product exceeding expectations, according to a new Commerce Department report. Axios chief economic correspondent Neil Irwin joins CBS News to discuss the 2024 economic outlook.
Latest GDP data shows strong 3.3% pace last quarter
Economy remained resilient from October through December as Americans showed a continued to spend freely despite high interest rates.
U.S. economy sees faster-than-expected growth
The U.S. economy ended 2023 with stronger than expected growth, the Commerce Department reported Thursday. However, it's been a tale of two economies for many Americans. Nikki Battiste explains.
1 in 3 Americans have more credit card debt than emergency savings
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
Importance of economy to New Hampshire voters
Although inflation has slowed in New Hampshire, Phil Sletten, the research director at the New Hampshire Fiscal Policy Institute, tells CBS News certain factors of the state's economy, like housing prices and shortages, continue to affect many as they prepare to vote in Tuesday's primary.
Wall Street closes out week on record upswing
The big picture on Wall Street is that it's been a solid stretch for the American economy. But for those hoping to buy a home, pay rent, or afford groceries, it's not all quite as rosy.
Home sales slowed to a crawl in 2023. Here's why.
The U.S. housing market slumped badly last year amid surging mortgage and a dearth of affordable properties, new data shows.
Trump admin. touts its transparency. Yet few Iran war details have been shared.
The Trump administration is offering the public less information about the Iran war and its direction, even as the costs continue to mount.
Sen. Moreno says ex-son-in-law Max Miller shouldn't serve in Congress
GOP Sen. Bernie Moreno of Ohio said his former son-in-law, Rep. Max Miller, shouldn't serve in Congress amid swirling abuse claims, as Miller vowed to stay in the race for another term and strongly denied all allegations of misconduct.
Live
U.S.-Iran negotiations set to begin Monday, Trump says, after calling off strikes
President Trump said negotiations with Iran are set to begin Monday after announcing on Saturday that he canceled a pending attack on Iran.
Acting attorney general issues order rescinding "anti-weaponization fund"
The order came after Republican senators Thom Tillis and John Cornyn threatened to block Blanche's confirmation for Attorney General if the fund was not rescinded in writing.
Exclusive
ICE detentions set Trump-era high in July, as immigration crackdown widens
Detentions by Immigration and Customs Enforcement set a monthly record high for the second Trump administration in July, internal agency data obtained by CBS News shows, as ICE widened its crackdown.
Twin Falls In-N-Out shooting suspect identified after 3 killed, 7 wounded
The suspect, identified as 24-year-old Chad Williams, died from a self-inflicted gunshot wound, police said.
What's behind the $4B funding cut for California's high-speed rail?
Records reveal California twice missed deadlines to buy the trains at the center of a federal funding fight — then quietly dropped its lawsuit weeks after missing its new deadline.
Sen. Mark Kelly: Trump "has to try to figure out a way out of" Iran war
Democratic Sen. Mark Kelly also voiced concerns about the Pentagon's funding requests, calling the approach "irresponsible — and now they want a blank check."
Fast-moving wildfires in Washington destroy hundreds of homes
Spokane Mayor Lisa Brown called the blazes burning through the area the "worst natural disaster our region has faced."
U.S.
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Acting attorney general issues order rescinding "anti-weaponization fund"
The order came after Republican Senators Thom Tillis and John Cornyn threatened to block Blanche's confirmation for Attorney General if the fund was not rescinded in writing.
Rep. Marcy Kaptur hospitalized after "hit-skip crash" in Toledo, police say
Democratic Rep. Marcy Kaptur's office said the congresswoman was a passenger and she was on her way to a church service when her vehicle was struck on Sunday.
Sen. Moreno says ex-son-in-law Max Miller shouldn't serve in Congress
GOP Sen. Bernie Moreno of Ohio said his former son-in-law, Rep. Max Miller, shouldn't serve in Congress amid swirling abuse claims, as Miller vowed to stay in the race for another term and strongly denied all allegations of misconduct.
Full transcript of "Face the Nation with Margaret Brennan," Aug. 2, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Democratic Sen. Mark Kelly and Republican Rep. Mike Turner join Margaret Brennan.
Rep. Turner says infrastructure should be "hardened" as U.S. probes water cyberattack
GOP Rep. Mike Turner of Ohio said critical infrastructure assets "need to be hardened" as investigators are probing whether Iranian hackers are behind malicious cyber activity that affected technology at water systems in U.S. states last week.
MoneyWatch
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Hugging Face CEO calls hack by rogue OpenAI model "very weird and unprecedented"
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
Flights canceled as WestJet flight attendants strike over pay dispute
WestJet canceled more than 300 flights as of early Sunday, snarling travel plans in Canada in the middle of a three-day weekend.
Nearly 1 in 4 Americans want CEOs to "stop being greedy," survey finds
New poll explores what people wish corporate leaders understood about economic life in the U.S. today.
Families sue Meta, Snapchat, TikTok, YouTube over deaths of 4 teens
The families of four children who died by suicide allege that using social media led to depression, anxiety and other mental health problems.
New York sues Kalshi, alleging it enables illegal gambling
A growing number of U.S. states are seeking to crack down on prediction markets, but face pushback from federal regulators.
Politics
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Acting attorney general issues order rescinding "anti-weaponization fund"
The order came after Republican Senators Thom Tillis and John Cornyn threatened to block Blanche's confirmation for Attorney General if the fund was not rescinded in writing.
Hugging Face CEO calls hack by rogue OpenAI model "very weird and unprecedented"
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
Rep. Marcy Kaptur hospitalized after "hit-skip crash" in Toledo, police say
Democratic Rep. Marcy Kaptur's office said the congresswoman was a passenger and she was on her way to a church service when her vehicle was struck on Sunday.
Sen. Moreno says ex-son-in-law Max Miller shouldn't serve in Congress
GOP Sen. Bernie Moreno of Ohio said his former son-in-law, Rep. Max Miller, shouldn't serve in Congress amid swirling abuse claims, as Miller vowed to stay in the race for another term and strongly denied all allegations of misconduct.
Full transcript of "Face the Nation with Margaret Brennan," Aug. 2, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Democratic Sen. Mark Kelly and Republican Rep. Mike Turner join Margaret Brennan.
HealthWatch
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She went to "hell and back" for a diagnosis. Then her sister showed symptoms.
Megan Kaverman's weight gain, fatigue, high blood pressure and other symptoms were dismissed for years before she was diagnosed with a rare heart disease.
Peptide vendor sentenced for "trail of harm"
A federal judge sentenced the owner of a peptide company to nearly 6 years in prison for deceiving customers and selling products adulterated with steroids, citing a "trail of harm." Adam Yamaguchi reports.
People with disabilities fear service cuts as DOJ questions legal protections
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
Senate committee advances Dr. Erica Schwartz to be Trump's CDC director
If confirmed by the full Senate, Dr. Erica Schwartz would become the 22nd director of the Atlanta-based Centers for Disease Control and Prevention.
Millions of kids have caffeine in their diet. It's not all coming from soda.
On any given day, kids consume an average of 19.4 milligrams of caffeine, which is about two-thirds of what's in a can of Coke, according to a new report.
World
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Transcript: Sen. Mark Kelly on "Face the Nation with Margaret Brennan," Aug. 2, 2026
The following is the transcript of an interview with Democratic Sen. Mark Kelly of Arizona that aired on "Face the Nation with Margaret Brennan" on Aug. 2, 2026.
Firefighting helicopters collide in Greece amid European wildfire crisis
The aircraft were Bell helicopters operating over the Psatha area west of Athens, each with a two-person crew.
Trump admin. touts its transparency. Yet few Iran war details have been shared.
The Trump administration is offering the public less information about the Iran war and its direction, even as the costs continue to mount.
Transcript: Rep. Mike Turner on "Face the Nation with Margaret Brennan," Aug. 2, 2026
The following is the transcript of an interview with Republican Rep. Mike Turner of Ohio that aired on "Face the Nation with Margaret Brennan" on Aug. 2, 2026.
Spain's Ceuta grapples with aftermath of border surge
Dozens died, and the tiny enclave of Ceuta was thrown into chaos earlier this week after a rush of migrants entered from Morocco.
Entertainment
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Entertainment
Scarlett Johansson, skin care mogul
Actress Scarlett Johansson has played many roles in her career – and now, the Tony-winner and two-time Oscar-nominee has taken on another: launching her new line of products, called The Outset, designed for people with sensitive skin (like hers). She talks with correspondent Tracy Smith about her skin struggles, and how husband Colin Jost has been a "guinea pig" for her products. (Originally broadcast April 12, 2026.)
Art made of money
Philadelphia-based artist Stacey Lee Webber has invested small coins and bills into her sculptures and jewelry – art made entirely of money. Correspondent Nancy Giles talks with the money-making artist whose creations can cost a pretty penny. (Originally broadcast April 12, 2026.)
8/2: Sunday Morning
Jane Pauley hosts our annual "Money Issue." Featured: Obstacles to home ownership; fighting health insurance denials; Chinese EVs; opposition to AI data centers; American Girl dolls; skin care mogul Scarlett Johansson; roller coasters; the popularity of Bingo!; and is your phone eavesdropping on you?
Summer movies are experiencing a renaissance
The summer blockbuster may be having its own blockbuster comeback. After years of streaming dominance, audiences are again packing theaters. Adam Yamaguchi has more.
A new high for roller coasters
Correspondent Lee Cowan reports on how the ups-and-downs of today's amusement park industry are being ridden via new technologies in roller coaster design, including the New Texas Giant (a hybrid wooden-and-steel roller coaster), and the Tormenta Rampaging Run (a "giga dive" coaster), at Six Flags Over Texas. (Originally broadcast April 12, 2026.)
Technology
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Hugging Face CEO calls hack by rogue OpenAI model "very weird and unprecedented"
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
CEO of AI firm Hugging Face on OpenAI hack
ChatGPT maker OpenAI revealed that its technology hacked into another AI company on its own during internal testing. Hugging Face CEO Clement Delangue, whose company was hacked, described the "very weird and unprecedented" incident in an interview on "Face the Nation with Margaret Brennan" -- and offered suggestions on how future incidents could be prevented.
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.
Resistance grows nationwide against AI data center boom
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications of such facilities in their backyards, are fighting back. "Sunday Morning" national correspondent Robert Costa examines the drive to construct AI data centers, and the debate between opponents and AI advocates. (Originally broadcast April 12, 2026.)
Does your phone eavesdrop on you?
When ads pop up on your phone for products after you've happened to mention them, is it an indication that advertisers are eavesdropping on you? Correspondent David Pogue checks out the facts about highly-targeted advertising, and why it sometimes gets weirdly specific. (Originally broadcast April 12, 2026.)
Science
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Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Rare video shows humpback whale birth
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Crime
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Crime
New details on deadly In-N-Out shooting
New details are emerging about this weekend's deadly mass shooting at an In-N-Out restaurant in Twin Falls, Idaho. At least three people were killed in the attack and seven others wounded. Lindsey Reiser reports.
Officials give update on In-N-Out shooting
Idaho authorities on Sunday offered new details about Saturday's shooting at an In-N-Out restaurant that killed three people and wounded several others. Jericka Duncan anchored CBS News' coverage.
Bloody, bare footprints lead to decadeslong search for woman's killer
In 1993, Jeanie Childs was found stabbed more than 60 times in her Minneapolis apartment. Bloody footprints and unknown DNA left investigators without answers until a 2015 cold-case review and public DNA database finally pointed to a suspect.
FTC says ticket reseller violated laws
Last year, "CBS Saturday Morning" spoke with ticket reselling company Elite Events and Tickets about its methodology and practices. Now, the Federal Trade Commission is fining the company, saying it violated the Better Online Ticket Sales Act. Elite Events and Tickets neither admitted to nor denied the FTC's allegations.
Police release Nancy Guthrie ransom notes
It has been six months since Nancy Guthrie, the mother of "Today Show" co-host Savannah Guthrie, vanished from her Arizona home. Investigators have now released two ransom notes with "distinctive linguistic characteristics" and are asking for the public's help in identifying their writer.
Space
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Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
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.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
U.K. gyms built with knives taken off streets
More than ten tons of weapons from Britain's streets have been melted down and transformed into outdoor gyms across London. CBS News' Tina Kraus reports.
Dog rescue hires a cat to help boost adoptions
Muttville Senior Dog Rescue in San Francisco has brought on a cat to help determine how open the adoptable canines are to living with a feline. Itay Hod reports.
Inside the new melanoma treatment TIL
A treatment for advanced melanoma that's newly approved by the FDA is giving cancer patients new hope. Tumor-infiltrating lymphocyte, or "TIL" therapy, uses an individual's own tumor to help fight the disease. CBS News' Natalie Brand reports.
Some in Gen Z ditching smartphones
Gen Z grew up glued to smartphones, but a growing number are choosing to disconnect. They're ditching social media and, in some cases, their smartphones altogether. CBS News' Maya Blackstone reports.
Revisiting President Herbert Hoover's legacy
In West Branch, Iowa, the newly reimagined Herbert Hoover Presidential Library and Museum wants to shed a fresh light on what historians consider a mixed legacy. Lana Zak reports.