Minneapolis Fed president on economy
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week.
Inflation
Optimistic signs about the economy
There were some positive signs last week that the economy might be holding firm. Mark Strassmann has the details.
Fed hikes interest rates to highest level in more than 20 years
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
What another interest rate hike means
The Federal Reserve is expected to raise interest rates again Wednesday afternoon after pausing in June. CBS News business analyst Jill Schlesinger discusses how this hike will affect Americans.
Rate hike likely in effort to curb inflation
The Federal Reserve will wrap up a two-day policy meeting Wednesday, and it will likely raise interest rates again to fight inflation. The Fed's policies appear to be working, as inflation is sharply lower. But not all costs are coming down at the same time. Carter Evans reports.
11/1: CBS News Mornings
At least 14 hurt in Chicago shooting; Euro zone inflation hits record high 10.7% in October.
11/2: CBS News Mornings
North, South Korea exchange missile tests; Federal Reserve expected to raise interest rates as housing market sees slowdown.
Wages rising faster than inflation
For the first time since early 2021, the U.S. Labor Department says wages are rising at a faster rate than inflation. Compared with early 2021, wages are up about 4% while the Consumer Price Index has increased by about 3%. Amara Omeokwe, economics reporter at The Wall Street Journal, has more.
Drugmakers sue White House over pricing power
A centerpiece of President Biden's signature legislation, the Inflation Reduction Act, allows Medicare to negotiate lower prescription drug prices for seniors. Drug companies are fighting back in court, arguing the law violates their first and fifth constitutional rights. Health care attorney Harry Nelson joins CBS News to examine the legal battle.
10/20: CBS News Mornings
Poll shows tight race for Nevada's next U.S. senator; recent study shows over half of Americans considered second job due to inflation.
10/19: CBS News Mornings
Inflation in Britain reaches 40-year high; Biden to release 15 million barrels from oil reserve.
10/14: CBS News Mornings
Never-before-seen video from January 6 shows lawmakers in hiding, seeking help to stop the riot; California serial killer may also be connected to Chicago murders.
9/15: CBS News Mornings
White House announces "tentative" railroad deal with union reps; All-female wrestling league returns for new season.
9/6: CBS News Mornings
Judge grants Trump's request for special master; American Frances Tiafoe advances at U.S. Open
9/26: CBS News Mornings
At least 13 are dead in a school shooting in Central Russia; Interest rate hikes are being used to combat inflation.
9/14: CBS News Mornings
Package explodes at Northeastern University; Senate and governor races intensify in key swing state
8/24: CBS News Mornings
Democratic challenger chosen for Florida governor's race; Land-value tax could help fix the U.S. housing crisis
For the first time in 2 years, pay is growing faster than prices
Cooling price growth in food, rent and energy mean that workers' pay is finally beating inflation.
5/31: CBS News Mornings
Funerals held for Uvalde victims; Federal Reserve looks to tackle inflation.
5/11: CBS News Mornings
Biden says inflation is top domestic priority; Interest rates hit homebuyers' wallets
5/10: CBS News Mornings
Alabama inmate captured in Indiana; Queen Elizabeth not opening UK Parliament.
5/5: CBS News Mornings
Federal Reserve hikes interest rate by 0.5%; Comedian Dave Chappelle attacked on stage
2/11: CBS News Mornings
U.S. urges Canada to end trucker protest; Drew Carey opens up about suspicious death of former fiancée
3/21: CBS News Mornings
Thousands of people trapped in strategic port city amid Russia advance; How the war in Ukraine is fueling the rise in gas prices in the U.S.
3/14: CBS News Mornings
Dozens reported killed as Russia expands assault in western Ukraine; Guest worker visa applications soar amid labor shortage
Jane Doe's attorney says "she was incapable of consent," alleges cover-up
Christa Pike critically ill, intubated after botched execution, attorneys say
More details emerge about FlyDubai co-pilot who tried to crash plane
Live
Trump vows Iran war to end "very quickly" as more troops head to Mideast
Judge says federal law banning noncitizen voting is unconstitutional
Professor to present findings questioning whether Epstein killed himself
Trump says Europe will release "massive amount" of diesel oil from stockpiles
Photo of Jane Doe shared in Snapchat group on night of alleged rape
