White House reacts to Fed interest rate hike
The Federal Reserve boosted interest rates for the first time since July 2023 on Wednesday. CBS News' Richard Escobedo and Natalie Brand have the details.
Inflation
Why the Fed hiked rates this month
The Federal Reserve changed course and raised interest rates Wednesday for the first time since 2023. The rate hike will be an increase of 0.25 percentage points, bringing its target range to between 3.75% and 4%. Greg Robb, MarketWatch senior reporter and economics editor, joins CBS News with more.
Examining Fed's reasons for raising rates
The Federal Reserve on Wednesday raised interest rates by one-quarter of a percentage point in its first rate increase since 2023. CBS News' Kelly O'Grady and Nancy Cordes report.
9/16: The Takeout with Major Garrett
Federal Reserve unanimously votes to raise interest rates; President Trump stumping for GOP Senate nominee Michael Whatley in North Carolina.
Dow tumbles after first rate hike since 2023
The Dow Jones closed down around 1.2% on Wednesday after the Federal Reserve announced its first interest rate increase since July 2023. CBS News' Kelly O'Grady and Aaron Navarro report.
Previewing Fed's interest rate decision
The Federal Reserve is expected to raise interest rates for the first time in three years on Wednesday. CBS News business contributor Javier David explains more.
Trump visits Ireland amid high energy prices
Americans are feeling the squeeze from skyrocketing fuel prices, with gas rising 16 cents from a week ago to a nationwide average of $4.31 per gallon. Concerns about oil prices followed President Trump during his trip to Ireland this weekend. Nancy Cordes has more details.
Inflation rises, Fed considers interest rate
Inflation in the U.S. is rising yet again, with the Labor Department saying consumer prices in August rose 3.4% year over year. CBS News correspondent Natalie Brand has more.
CPI rose at 3.4% pace in August, raising odds of Fed rate hike this month
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
Trump on how U.S. would fund $5,000 dividends
President Trump on Wednesday pitched a $5,000 "dividend" payment to every American, but only if Republicans win in the midterms. CBS News' Fin Gómez and Kelly O'Grady have the latest.
August CPI report could spark the Fed's first rate hike in over 3 years
Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
Oil hovers above $100 a barrel
Oil prices continue to climb as the U.S. and Iran trade strikes. CBS News' Kelly O'Grady reports on the key inflation indicators expected next.
Trump addresses high gas prices
Oil prices are up as the war in Iran intensifies. President Trump promised lower gas prices for Americans after the midterm elections. CBS News' Olivia Rinaldi reports.
Oil prices react to U.S. and Iran attacks
Fresh attacks between the U.S. and Iran are driving oil prices up. CBS News' Ramy Inocencio reports.
Unpacking August jobs report
U.S. employers added 162,000 jobs in August, more than double economists' forecasts. CBS News business producer Emily Pandise has more.
New jobs numbers surprise economists
The latest data shows the U.S. added 162,000 jobs in August, beating expectations after a disappointing July report. CBS News' Emily Pandise reports.
Ex-Trump adviser gives economy a B grade
As the midterms draw closer, mortgage rates have hit a new high for 2026, and gas prices are above $4 per gallon. Former Trump economic adviser Stephen Moore joins "The Takeout" to assess the state of the U.S. economy.
Former Obama aide on midterms
Most midterm primaries have already passed, yielding data and trends that inform how general elections could go. Former Obama aide Ravi Gupta joins CBS News with more on how Democrats and Republicans are performing in the 2026 midterms so far.
Travelers face Labor Day woes
As Labor Day weekend trips get underway, travelers could face a series of issues, from higher airfares and gas prices to stormy weather. CBS News senior transportation correspondent Kris Van Cleave reports.
Food inflation could rise quickly
Axios reporter Erica Pandey predicts that global food inflation will jump soon. Pandey joins "CBS News 24/7 Mornings" to explain the data and her rationale.
Rising bond yields threaten to push up U.S. borrowing costs
The U.S. bond market influences how much American consumers pay for loans and the interest they can earn on their savings accounts.
Oil prices rising again amid Iran strikes
Energy and gas prices are up again after the U.S. resumed strikes on Iran. CBS News' Kelly O'Grady has more on the economic outlook.
Treasury official on G20 summit
Chris Pilkerton, assistant secretary for investment security at the U.S. Treasury Department, is at the G20 summit in Asheville, North Carolina, and joins CBS News with more on what to expect.
Inflation high as Iran war hits 6 months
Federal Reserve Chair Kevin Warsh says the central bank may be forced to act if inflation does not cool. This comes as President Trump's war in Iran crosses the six month mark and his tariff tiff with Canada contributes to higher prices on either side of the border.
Warsh says inflation is still a concern
Federal Reserve chair Kevin Warsh addressed the U.S. inflation, saying it still remains a concern despite measures taken to navigate higher prices. CBS News' Kelly O'Grady reports.
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