Will the Fed cut rates? Here's what to expect at Wednesday's meeting.
The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.
Inflation
The Iran war's economic hit could linger through 2026, economists say
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
Key moments at Warsh confirmation hearing
Kevin Warsh, President Trump's nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges.
Senators question Kevin Warsh on transparency
President Trump's nominee for the next Federal Reserve chair, Kevin Warsh, faces questions from lawmakers Tuesday during his Senate confirmation hearing. CBS News' Kelly O'Grady has the latest.
Trump speaks at Turning Point USA event
President Trump headlined a rally for Turning Point USA with Erika Kirk in Phoenix on Friday. His goal is to fire up Republican voters ahead of the midterm elections. Caitlin Huey-Burns has more details.
How war with Iran is affecting your wallet
When it comes to increased costs, the conflict with Iran appears to be affecting many aspects of American life, from transportation to food production. CBS News senior business and tech correspondent Jo Ling Kent reports.
Next stage of Iran war remains unclear
President Trump on Wednesday said the war with Iran could be over soon, repeating a refrain he's made several times in the past few weeks. CBS News chief White House correspondent Nancy Cordes has the latest.
7-Eleven plans to close 645 stores this year
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
IMF predicts rise in global inflation
The International Monetary Fund has cut its forecast for global growth, predicting a rise in global inflation and warning that the war with Iran is pushing growth lower compared to 2025. Medora Lee, money and personal finance reporter for USA Today, joins CBS News to discuss.
IMF warns of risk of global recession
The International Monetary Fund is warning about the risks of a global recession in its World Economic Outlook report as the U.S.-Israeli war with Iran impacts oil prices. CBS News business contributor Javier David has more.
Poll shows Americans worried about Iran war
New CBS News polling finds many Americans are worried about the Iran war and are skeptical that the U.S. is meeting its goals. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Beef, that all-American food, is getting harder for Americans to afford
The cost of ground beef in the U.S. has soared in recent years and is forecast to jump even further in 2026. What gives?
U.S. inflation skyrockets amid Iran war
U.S. inflation surged in March, with the Consumer Price Index rising at a 3.3% annual rate due to the Iran war's impact on global energy costs.
Inflation surged in March as Iran war drove up energy costs
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
Inflation surges in March, fueld by Iran war
Inflation rose by 3.3% in March compared to one year ago, the Labor Department reported Friday, the highest such increase since May 2024. That rise was driven by a 21% spike in gas prices in March from the previous month. Jo Ling Kent has details.
What's behind inflation in March?
The latest inflation numbers are out, and they show prices jumped last month, due to the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.
Platner leads Mills in Maine, polls show
Bloomberg's Mario Parker and Axios' Alex Isenstadt join "The Takeout" to discuss the midterms, Melania Trump and more.
Why inflation surged in March
The Consumer Price Index in March rose 3.3% compared to a year ago, the highest in nearly two years. CBS News' Kelly O'Grady explains what's causing the surge in inflation.
MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
CPI report may show inflation hitting 2024 levels amid soaring gas prices
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Chicago Fed's Goolsbee says he sees inflation as risk to 2026 rate cuts
Goolsbee, president of the Federal Reserve Bank of Chicago, said mounting inflation risks "complicates the picture" on interest rates.
Stocks end mixed as crude oil prices rise
Wall Street had a shaky start to the week on Monday, as U.S. stocks ended mixed and crude oil prices stayed above $100 a barrel. Yahoo Finance senior reporter Brooke DiPalma joins to discuss.
Farmers feel financial pain from Iran war
American homes and businesses are feeling the ripple effects of the war in Iran. Gas prices are averaging $3.97 a gallon nationwide, up about one dollar in a month, and the largest four-year increase in 30 years. Lana Zak reports from Iowa.
Consumer confidence slides amid concerns over the Iran war
Stock market volatility is hitting higher-income Americans, driving a sharper drop in consumer sentiment.
Iran war fallout raises odds of a U.S. recession, economists say
Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.
Live
Trump and Iran's supreme leader exchange threats with negotiations stalled
President Trump has repeatedly said he's the No. 1 target of the Iranian regime, with protesters holding banners calling for his death at Ayatollah Ali Khamenei's funeral this week.
New York Times journalists issued subpoenas over Air Force One reporting
The subpoenas were issued after the New York Times reported on alleged security concerns with the new Qatari-gifted Air Force One.
High energy costs from Iran war heighten pressure on struggling farmers
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
Congressman says he was detained by Israeli settlers in the West Bank
Congressman Ro Khanna said members of the Israel Defense Forces spoke with the settlers and moved a car to block the road.
200 young campers, staff rescued amid record flooding in Missouri
More than 200 people at Camp Taum Sauk in Missouri, were rescued after 6 to 12 inches of rain fell along the Taum Sauk Reservoir.
Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
South African soccer player who competed in the World Cup dies at 25
Jayden Adams' death was confirmed by South Africa's minister of sport, arts and culture on Saturday.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
U.S.
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High energy costs from Iran war heighten pressure on struggling farmers
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
200 young campers, staff rescued amid record flooding in Missouri
More than 200 people at Camp Taum Sauk in Missouri, were rescued after 6 to 12 inches of rain fell along the Taum Sauk Reservoir.
New York Times journalists issued subpoenas over Air Force One reporting
The subpoenas were issued after the New York Times reported on alleged security concerns with the new Qatari-gifted Air Force One.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
MoneyWatch
More MoneyWatch
High energy costs from Iran war heighten pressure on struggling farmers
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
Household staff can earn up to $300,000 working for America's rich
Good help is hard — and expensive — to find, according to a recruiting firm for private chefs, chauffeurs and other household workers.
Gas prices start climbing again as U.S.-Iran tensions flare
Prices at the pump sank following a June ceasefire. But renewed conflict in the Middle East and other factors are driving fuel costs back up.
Politics
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Congressman says he was detained by Israeli settlers in the West Bank
Congressman Ro Khanna said members of the Israel Defense Forces spoke with the settlers and moved a car to block the road.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Judge vacates convictions of 4 Proud Boys in Jan. 6 Capitol insurrection
A federal judge on Friday agreed to dismiss the convictions of four members of the far-right Proud Boys group for their actions in the Jan. 6 Capitol riot.
Graham Platner formally drops out of Maine Senate race
Graham Platner had until 5 p.m. on Monday to formally suspend his campaign or he would remain on the ballot in November.
Iran admits to Trump advisers "they made a mistake" in shooting at ships in strait
The White House wants Iran to publicly acknowledge that shooting at the ships was a mistake.
HealthWatch
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U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Pregnant mom diagnosed with Stage IV cancer after symptoms were dismissed
Jenney Bitner feared she wouldn't get to see her children grow up after a tumor in her brain revealed she had Stage IV melanoma.
Michigan's cyclosporiasis outbreak grows to more than 1,500 cases
Michigan health officials say the state's cyclosporiasis outbreak has grown to more than 1,500 cases.
I tried eating Erling Haaland's World Cup "Viking diet" for a day
Can a normal human handle soccer star Erling Haaland's calorific bonanza? CBS News' Leigh Kiniry found out the hard way.
What to know about "explosive" diarrhea-causing parasite reported in several states
Michigan is experiencing its largest outbreak of a parasitic infection, called cyclosporiasis, that causes severe diarrhea.
World
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Bull gores runner in the face at Spain's San Fermin bull run festival
A chaotic bull run at Spain's San Fermin festival in Pamplona on Saturday left 13 people injured, including one runner who was pierced by a horn in the face.
South African soccer player who competed in the World Cup dies at 25
Jayden Adams' death was confirmed by South Africa's minister of sport, arts and culture on Saturday.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Hundreds of firefighters in Spain battle deadly wildfires that killed at least 12
The fire has scorched some 25 square miles of forest and farmland, about the size of Manhattan.
Pitbull sets record for largest gathering of people wearing bald caps
A total of 22,141 fans wore the caps in London's Hyde Park on Friday ahead of his set at the British Summer Time festival.
Entertainment
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Entertainment
7/11: CBS Saturday Morning
Hundreds were rescued from flooding in Missouri. President Trump threatened to "decimate and destroy" Iran if they try to assassinate him. Plus, Barstool Sports' Dave Portnoy sat down with Kelly O'Grady to discuss his new book.
Dave Portnoy on running "Barstool Sports" like "SNL"
Dave Portnoy founded "Barstool Sports" after quitting a sales job he hated and deciding to strike out on his own.
The James Hunter Six play "A Sure Thing"
James Hunter is a Grammy-nominated R&B artist known for his gritty voice and songwriting acumen. Here's The James Hunter Six with "A Sure Thing."
The James Hunter Six play "Gun Shy"
James Hunter is a Grammy-nominated R&B artist known for his gritty voice and songwriting acumen. Here's The James Hunter Six with "Gun Shy."
The James Hunter Six sings "Here And Now"
James Hunter is a Grammy-nominated R&B artist known for his gritty voice and songwriting acumen. Here's The James Hunter Six with "Here and Now."
Technology
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Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
AI slop floods social media, report says
A new report from AI detector Pangram found that AI-generated content is flooding socials like X and Reddit, with LinkedIn accounting for nearly two-thirds of all AI content detected. Pangram CEO and co-founder Max Spero joins CBS News to discuss his findings.
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.
MSG tracked celebrities, WIRED reports
A major database breach at James Dolan's Madison Square Garden arena revealed an apparent internal list tracking nearly 40,000 celebrities, according to a new report from WIRED. The report alleges that surveillance labels included "LGBTQIA," "DO NOT HOST," and evaluated individuals on a "risk" level. MSG claims the report is inaccurate. WIRED contributing editor Noah Shachtman joins "CBS News 24/7" to discuss his reporting.
Breaking down the Texas app store age law
Earlier this week, the Supreme Court said it would allow Texas to enforce a law requiring app stores to verify users' ages while the issue plays out in the lower courts. CBS News legal contributor Jessica Levinson breaks down the constitutional question.
Science
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Science
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
Crime
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Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
Nolan Wells' parents speak out
Teen football player Nolan Wells was found dead on a Mississippi island days after he vanished during a July Fourth outing. Wells' parents are searching for answers, saying that they don't believe their son would have stayed behind on the island by choice.
Takeaways from weeklong Tyler Robinson hearing
The weeklong pre-trial hearing for the man accused of killing conservative activist Charlie Kirk wrapped up on Friday with the defense calling one final witness to the stand. CBS News legal contributor Jessica Levinson joins with analysis.
Indictments in White House UFC attack plot
Eight people have each been charged with conspiracy counts over a planned attack at the UFC event that was held at the White House in June. CBS News' Jake Rosen reports.
New details on Mexican man killed by ICE
New details are emerging about what led to Lorenzo Salgado Araujo's death. The Mexican man was wrongfully shot and killed by U.S. Immigration and Customs Enforcement agents during a traffic stop in Houston, Texas. Shawna Mizelle has the latest.
Space
More Space
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
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.
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?
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
More Latest CBS News Videos
Latest CBS News Videos
7/11: CBS Saturday Morning
Hundreds were rescued from flooding in Missouri. President Trump threatened to "decimate and destroy" Iran if they try to assassinate him. Plus, Barstool Sports' Dave Portnoy sat down with Kelly O'Grady to discuss his new book.
Witnesses of ICE killing dispute DHS account
Eyewitnesses say Lorenzo Salgado Araujo did not threaten ICE agents before he was shot and killed during a vehicle stop, an attorney said, contradicting an agent's account. The Department of Homeland Security said that officers were looking for a different person when they stopped Salgado Araujo's vehicle.
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.
Trump vows revenge if Iran tries to kill him
President Trump threatened to "decimate and destroy" Iran if they try to assassinate him. This comes as the U.S. and Tehran continue negotiations. Here's what to know about where things stand.
Trying extreme baseball stadium snacks
Baseball season is in full swing, and millions of fans are dreaming about their team winning -- and their favorite bleacher grub. Here are the most extreme eats and the creative combos that knock it out of the park.