Most Americans say inflation is causing financial hardship
The middle class has seen the biggest spike in financial stress, while more high-income Americans are also struggling.
Inflation
Mortgage rates hit 5.89% — highest level since housing crash
Borrowing costs for a conventional home loan have more than doubled over the last year.
Stocks gain as Fed hints at rate hike
All major stock indexes make gains Wednesday amid mire hints from Federal Reserve officials that interest rates would rise another 75 basis points later this month. Scott Bauer, CEO of Prosper Trading Academy, joins CBS News at the closing bell to discuss what was driving the market.
Target CEO on inflation and diversity goals
Target's CEO Brian Cornell joins "CBS Mornings" to discuss how Target is handling inflation and recession fears as well as how the retailer is improving diverse representation.
Apple set to unveil iPhone 14 and other gear
Tech giant also expected to introduce new watches and AirPods, but high inflation could deter buyers.
MoneyWatch: How inflation impacts insurance
As the price of goods go up, so does the cost of insuring those goods. Bankrate insurance writer and editor Cate Deventer joins "CBS News Mornings" to discuss.
Midterm elections
With midterm elections just 63 days away, President Biden touted Democrats' recent congressional victories at events in the swing states of Wisconsin and Pennsylvania and continued his attacks on GOP supporters of former President Donald Trump. CBS News chief White House correspondent Nancy Cordes reports and joins Vladimir Duthiers and Lana Zak to discuss the November elections.
The "Trump effect" and the midterm elections
With just nine weeks to go before the 2022 midterm elections, former President Donald Trump has placed himself at the center of several crucial campaigns. CBS News political director Fin Gomez joined Lana Zak and Vladimir Duthiers to discuss the next tests to Trump's political influence and other factors affecting voters.
Senate back in session today
Senators return to Washington on Tuesday following the chamber's summer recess. Issues on the agenda include marriage equality, prescription drugs costs, election security, inflation and pandemic aid. CBS News congressional correspondent Nikole Killion joins "CBS News Mornings" to discuss.
Inflation drives families to food banks
The price of food has outpaced many other items subject to high inflation, which has driven some Baltimore families to rely on local food banks. Lana Zak reports.
Job growth remains strong in August report
The U.S. added 315,000 jobs in August, fairly on track with what economists predicted. With the unemployment rate rising slightly to 3.7%, it could be a sign that the hot labor market is beginning to cool off. Jesse Wheeler, economic analyst at Morning Consult, joins CBS News to discuss what it all means.
What does jobs report mean for economy?
The U.S. added 315,000 jobs in August, and the unemployment rate ticked up slightly to 3.7%. Meanwhile, President Biden said he's seeing signs that inflation may be "beginning to ease." CBS News reporter Sarah Ewall-Wice joined Michael George to break down the White House response to the report and what it could mean for the economy.
U.S. stocks end lower for 3rd straight week, despite jobs numbers
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
53% of Americans to travel Labor Day weekend
More than half of Americans plan to go somewhere this Labor Day weekend despite inflation, high gas prices and a summer of air travel troubles, according to a recent study. Kris Van Cleave reports.
Consumer confidence climbs
Confidence among U.S. consumers climbed in August. Steve Odland, the CEO and president of The Conference Board, joins CBS News to discuss why, if we can expect this trend to continue and ongoing recession concerns.
States tap surpluses for tax cuts, rebates to offset inflation
Republicans and Democrats alike have joined the tax-cutting trend during a midterm election year.
U.S. stocks slump as investors continue to fret over Fed plans
Markets have been roiled since Fed chair's speech Friday reaffirming central bank's aggressive plans to cool inflation.
Job openings rose in July after 3 months of declines
Rate of workers quitting fell, and layoffs stayed near record low — showing employers are urgently seeking workers.
Food bank demand spikes amid inflation
High food prices are making it difficult for many families to afford even basic groceries. Food banks across the country are feeling the impact, with long lines as more families struggle to make ends meet. Janet Shamlian has more.
White House adviser weighs in on inflation fears
Federal reserve chair Jerome Powell has warned there will be "some pain" for Americans in the fight to reduce inflation. Gene Sperling, senior adviser to the president, joins CBS News' John Dickerson to discuss the state of the economy.
Markets cautious after Fed chair's remarks
Investors remain hesitant after Federal Reserve Chair Jerome Powell's Friday remarks on inflation triggered a massive sell-off. CBS News' Tanya Rivero speaks with Joe Saluzzi, partner and co-founder at Themis Trading, about how the markets are reacting.
Stocks close lower, adding to Friday's steep losses
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
Stock market drops after Fed chair's speech
The Dow Jones Industrial Average fell more than 1,000 points Friday after Federal Reserve Chair Jerome Powell said the Fed will continue raising interest rates to tame inflation. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News' Catherine Herridge to discuss.
Fed chair’s remarks trigger market sell-off
Federal Reserve Chair Jerome Powell’s remarks on inflation triggered a massive sell-off on Wall Street. Melissa Armo, owner and founder of The Stock Swoosh, breaks down why investors aren’t thrilled with the Fed chair’s comments on a possible interest rate hike.
Stocks fall amid fears of rate hikes
Wall Street ended the week with its worst day in months. The Dow Jones fell more than 1,000 points with all three major indexes off more than 3%. Nikki Battiste reports.
Tennessee prison system head to resign after failed Christa Pike execution
Debris found of medical plane that went missing near Nantucket with 6 on board
Cornell president says school "must do better" amid criticism of its investigation
Live
Senior Trump administration officials met to discuss Iran war at Camp David
Trump urges daylight saving time bill supporters to personally call Sen. Cotton
Iowa approves pricy foreign-owned steel plant project in swing district
Zach Bryan wears "Free Palestine" shirt during concert at Gillette Stadium
More details emerge about FlyDubai co-pilot who tried to crash plane
