Consumers gaining confidence as gas prices slide
But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.
Inflation
Concern growing over housing market
Inflation remains over 8%, and now there are growing concerns about the housing market. A recent analysis found that more than half of the country's largest regional markets are "significantly overvalued." Mark Strassmann has more.
Face The Nation: Salvanto, Strassman, Bostic, Aguilar
Missed the second half of the show? The latest on the Battleground Tracker as the GOP House lead shrinks; Inflation, stocks, interest rates fuel economic uncertainty; Atlanta Fed chief says central bank is working to avoid "deep, deep pain" and the Jan. 6 panel having "evolving discussions" over Mike Pence's testimony.
Atlanta Fed chief: Central bank working to avoid "deep, deep pain"
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, "there is some ability for the economy to absorb our actions and slow in a relatively orderly way."
Inflation, stocks, interest rates fuel economic uncertainty
CBS News senior national correspondent Mark Strassmann reports from Atlanta on the uncertainty surrounding the economy as inflation continues, stocks fall and higher interest rates fuel a housing pullback.
DOW plunges amid fears of a recession
As cars, food and electricity become more expensive, Americans are feeling the pressure of rising inflation. The DOW dropped 486 points, its lowest since late 2020, on Friday. Michael George has the details.
Dow hits bear market territory during trading
The Dow Jones Industrial Average entered bear market territory during intraday trading Friday as investors fear a possible recession. Nancy Davis, founder and chief investment officer at Quadratic Capital Management, reacted to the steep market drop.
Stocks plunge, dragging Wall Street toward another down week
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Dow drops below 30,000 points
The Dow Jones Industrial Average dropped below 30,000 Friday for the first time since 2020. Javier David, managing editor of business and markets at Axios, joined CBS News to discuss the volatile market.
Central banks raise interest rates
Central banks around the world are risking recession and raising interest rates. They're following the lead of the U.S. Federal Reserve, which approved its third consecutive 75 basis-point hike Wednesday in the hopes of cooling inflation rates. Reuters Federal Reserve correspondent Howard Schneider joined CBS News to discuss the global impact.
Fed rate hike raises recession fears
The Federal Reserve's decision to raise interest rates yet again has renewed recession concerns on Wall Street. Chris Campbell, chief policy strategist at the Kroll Institute, reacted to the Fed's decision and how it will impact Americans.
Mortgage rates at highest level since 2007 after latest Fed hike
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Housing market slows as mortgage rates rise
The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what's driving the downturn in home sales.
Target plans to hire up to 100,000 workers for holiday season
Walmart and Target plan to begin offering deals earlier this year to ease sting of soaring inflation on shoppers.
Fed hikes key interest rate yet again
The Federal Reserve approved a third consecutive 0.75 percentage point hike to its benchmark interest rate Wednesday in an effort to tackle record inflation. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined John Dickerson to discuss the impact of the interest rate hikes on the U.S. economy.
Stock market reacts to Fed interest rate hike
Stocks fell sharply Wednesday when the Federal Reserve announced it was raising interest rates again another 75 basis points. Liz Young, head of investment strategy at SoFi, joined CBS News to discuss what the Fed's announcement means for the future of the U.S. economy.
Federal Reserve raises interest rates again
CBS News correspondent Christina Ruffini and Yahoo Finance reporter and anchor Akiko Fujita discussed the Federal Reserve's latest interest rate increase.
Inflation sends prices soaring at discount stores
Prices for meat, poultry, fish, eggs and dairy products increased at a higher rate at discount stores than many other grocery stores -- a sign that inflation is hitting people who can least afford the price increases the hardest. Carter Evans takes a look.
Central bank expected to hike interest rates
The Federal Reserve is expected to announce interest rate hikes to combat high inflation. John Leer, chief economist at Morning Consult, joins "CBS News Mornings" to explain when and where people will notice the impacts of another rate hike.
Federal Reserve hikes key interest rate again
The Federal Reserve raised its benchmark interest rate by 0.75 percentage point as it tries to slow spending to lower inflation without pushing the economy into a recession.
Discount stores raising prices at higher rate amid inflation
Prices for meat, poultry, fish, eggs and dairy products increased at a higher rate at discount stores.
Interest rate hike expected
While the cost of groceries and rent are still rising, the Federal Reserve is expected to hike interest rates again today in an effort to quell high inflation. Nancy Cordes reports from the White House.
Who will interest rate hike affect the most?
The Federal Reserve is expected to announce a third consecutive interest rate hike Wednesday. This action would be the fifth rate increase this year. Mark Hamrick, a senior economic analyst for Bankrate.com, joined CBS News to discuss what's behind this likely action and how it would impact Americans.
Stocks tumble on Wall Street as Fed escalates inflation fight
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
Fed hikes key interest rate another 0.75 percentage point
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
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President Trump, first lady vote early in person in Florida
