Impacts of the Fed interest rate cut
The Federal Reserve cut its benchmark interest rate by 0.25 percentage points on Wednesday for the second time this year. CBS News MoneyWatch correspondent Kelly O'Grady explains what that means for consumers.
Interest Rates
Why the Fed cut interest rates again
The Federal Reserve on Wednesday cut interest rates for the second consecutive time despite inflation remaining above its target rate. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Powell suggests Fed may not make December cut
The Dow Jones dipped on Wednesday after Federal Reserve Chair Jerome Powell suggested the central bank may not cut interest rates again in 2025. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed announces another interest rate cut
The Federal Reserve announced Wednesday that it will lower its benchmark interest rate by 0.25 percentage points in its second straight cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
What to expect from fed rate cut
The Federal Reserve is expected to make a quarter-point interest rate cut on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Fed expected to cut interest rates
The Federal Reserve is expected to cut interest rates on Wednesday by a quarter point. Kristin Myers, ETF editor in chief for Asset TV, joins with more.
What to expect from the Fed rate cut decision
The Federal Reserve on Wednesday will announce its decision on if it will cut its benchmark interest rate again. CBS News MoneyWatch correspondent Kelly O'Grady explains what to expect.
Here's what to expect from the Fed's interest rate meeting today
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
Federal Reserve likely to cut interest rates
The Federal Reserve is expected to announce an interest rate cut decision during its meeting on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Investors celebrate September inflation data
The first significant report on the U.S. economy since the government shutdown shows inflation edged up slightly in September. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the stock market reaction.
Market sell-off amid U.S.-China trade tensions
The Dow Jones closed down on Friday after President Trump threatened new tariffs on China. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Here are the 3 biggest ways the Fed's rate cut could impact your money
The Federal Reserve's first interest rate cut since December could be followed by more reductions later in 2025. Here's what to know.
How the interest rate impacts Americans
The Federal Reserve's latest decision to implement a cut to its benchmark interest rate comes after lagging job growth. Allie Kelly, a reporter for Business Insider, joins CBS News with more on the impact on America's economy.
How significant is the Fed's latest rate cut?
The Federal Reserve cut rates for the first time in nine months Wednesday by a quarter point. The decision came as recent employment data showed the U.S. job market might be losing steam. Fed Chair Jerome Powell said there could be even more rate cuts coming later this year. CBS News senior business and technology correspondent Jo Ling Kent reports.
Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Fed lowers interest rates by 0.25 percentage points in first cut since 2024
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Fed cuts rates for first time in 9 months
The Federal Reserve announced it's lowering its benchmark interest rate by 0.25 percentage points. It's the first rate cut since December. CBS News' Kelly O'Grady
Fed cuts interest rates 0.25 percentage points
The Federal Reserve announced that it lowered interest rates by 0.25 percentage points, its first rate cut since December 2024. CBS News MoneyWatch correspondent Kelly O'Grady and White House correspondent Ed O'Keefe have more.
Will the Fed cut rates today? These charts may determine its decision.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
Reporter's Notebook: Behind the Fed's jargon
The Federal Reserve is expected to lower interest rates, and decisions that shape household budgets will be explained in woolly-mouthed Fed speak. "CBS Evening News" co-anchor John Dickerson explains.
Why the Fed is expected to cut rates
The Federal Reserve's upcoming rate decision is shaping up to be its most consequential of the year, with most economists predicting the first cut of 2025. Kelly O'Grady has more.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Ex-CBO director on Trump's 2nd term economy
President Trump's position on interest rates and the overall economy is under intense scrutiny. Former Congressional Budget Office Director Douglas Holtz-Eakin, one of the U.S.' foremost conservative economists, says in his first term, Mr. Trump did some "astounding" things for the economy. Holtz-Eakin joins "The Takeout" to discuss why his views on the president's second-term economic policies have turned negative.
Inflation fuels falling consumer sentiment
New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month. CBS News senior business and technology correspondent Jo Ling Kent has more.
Trump admin. asks appeals court to allow firing of Lisa Cook before Fed meeting
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
Top officials present Trump with military options for Venezuela in coming days
The potential operations for Venezuela presented to Trump included options for strikes on land, multiple sources said.
Epstein's emails, texts with inner circle show Trump was a regular topic
Thousands of pages of Epstein documents released by the House Oversight Committee include emails and texts with close contacts that often touched on President Trump.
Senator warns unauthorized drone flights pose rising threat within U.S.
Senate Intelligence Committee Chairman Tom Cotton of Arkansas told CBS News the threat is "severe and growing."
Federal agencies reopen and employees return to work after shutdown ends
The government is starting to reopen after President Trump signed a bill to fund the government through Jan. 30.
Alina Habba's office ransacked by man who tried to enter with bat, sources say
Acting U.S. Attorney for New Jersey Alina Habba's office was violently vandalized Wednesday by a person who earlier in the day had been denied entry to the building because he had a baseball bat, two sources said.
Grijalva assumes role in Congress after 7-week delay: "It's really an injustice"
Democratic Rep. Adelita Grijalva of Arizona waited 50 days before she was officially sworn in as the newest member of Congress — and she told CBS News "the emotions run the gamut of frustration, anger, happiness, sadness."
Trump official refers Swalwell to Justice Department for alleged fraud
Federal Housing Finance Agency Director Bill Pulte has referred California Democratic Rep. Eric Swalwell to the Justice Department, sources told CBS News.
Fetterman hospitalized after fall near his Pennsylvania home
A spokesman for Sen. John Fetterman said a "ventricular fibrillation flare-up" led to him feeling light-headed.
Some TSA agents will get $10,000 bonuses for shutdown work, Noem says
Homeland Security Secretary Kristi Noem announced that TSA agents with "exemplary service" during the government shutdown will receive a $10,000 bonus check.
U.S.
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Senator warns unauthorized drone flights pose rising threat within U.S.
Senate Intelligence Committee Chairman Tom Cotton of Arkansas told CBS News the threat is "severe and growing."
Food insecurity around the U.S. has risen this year, survey finds
Roughly 14% of U.S. households reported being food insecure between January and October, up from 12.5% in 2024, Purdue University researchers found.
U.S. reaches trade frameworks with Argentina, Guatemala, El Salvador and Ecuador
The agreements will likely affect the prices of things like cocoa, bananas and coffee.
Blue Origin's New Glenn launches twin Mars probes
Blue Origin, owned by Jeff Bezos, plans to challenge SpaceX with the powerful, partially reusable New Glenn rocket.
Emmanuel Clase arrested at JFK, pleads not guilty in pitch rigging case
Clase and his teammate, Luis Ortiz, are both accused of being involved in a "scheme to rig bets on pitches."
MoneyWatch
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Food insecurity around the U.S. has risen this year, survey finds
Roughly 14% of U.S. households reported being food insecure between January and October, up from 12.5% in 2024, Purdue University researchers found.
U.S. reaches trade frameworks with Argentina, Guatemala, El Salvador and Ecuador
The agreements will likely affect the prices of things like cocoa, bananas and coffee.
Anthropic says Chinese hackers used its AI chatbot in cyberattacks
State-sponsored cybercriminals used Anthropic's tech to target tech companies, financial institutions and other organizations, AI company alleges.
ByHeart sued by families of infant girls sickened by infantile botulism
One child was rushed to the hospital via air ambulance, her parents said.
Disney warns that its content could remain off YouTube for some time
Disney's channels have been blocked from YouTube TV since Oct. 30 as the two companies negotiate a new carriage deal.
Politics
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Grijalva assumes role in Congress after 7-week delay: "It's really an injustice"
Democratic Rep. Adelita Grijalva of Arizona waited 50 days before she was officially sworn in as the newest member of Congress — and she told CBS News "the emotions run the gamut of frustration, anger, happiness, sadness."
Epstein's emails, texts with inner circle show Trump was a regular topic
Thousands of pages of Epstein documents released by the House Oversight Committee include emails and texts with close contacts that often touched on President Trump.
Senator warns unauthorized drone flights pose rising threat within U.S.
Senate Intelligence Committee Chairman Tom Cotton of Arkansas told CBS News the threat is "severe and growing."
Alina Habba's office ransacked by man who tried to enter with bat, sources say
Acting U.S. Attorney for New Jersey Alina Habba's office was violently vandalized Wednesday by a person who earlier in the day had been denied entry to the building because he had a baseball bat, two sources said.
U.S. reaches trade frameworks with Argentina, Guatemala, El Salvador and Ecuador
The agreements will likely affect the prices of things like cocoa, bananas and coffee.
HealthWatch
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ByHeart sued by families of infant girls sickened by infantile botulism
One child was rushed to the hospital via air ambulance, her parents said.
ByHeart baby formula recalls all products amid growing botulism outbreak
Baby formula manufacturer ByHeart recalled all of its products sold nationwide Tuesday.
Air pollution in India's capital draws protests as schools are shuttered
India's capital Delhi is blanketed in toxic smog every autumn, but the pollution is already so bad that it's drawn protests as authorities tell students to stay home.
Baby formula recall expands as at least 15 infants sickened by botulism
An outbreak of botulism tied to ByHeart baby formula has made at least 15 infants sick in 12 states, a California health official said Monday. Here's what to know.
"They don't return home": U.S. cities fail to curb traffic deaths
Los Angeles, San Francisco, and Houston reported more traffic fatalities than homicides last year.
World
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BBC apologizes to Trump over editing of his Jan. 6 speech in documentary
President Trump had threatened to sue the corporation for $1 billion over a program it aired in 2024 about the Jan. 6, 2021, riot at the U.S. Capitol.
U.S. issues unusual warning to Americans in Japan: Beware of bear attacks
The State Department said U.S. citizens in Japan should exercise increased caution amid a sharp rise in deadly bear attacks.
U.S. conducts 20th strike on alleged drug boat, killing 4 people
Since September, U.S. forces have destroyed multiple vessels in international waters, killing at least 80 people.
Hitler likely had syndrome that can affect genitals, documentary claims
Researchers behind the "Hitler's DNA" documentary say the Nazi dictator likely had Kallmann Syndrome, a rare genetic condition which can cause undescended testicles and a micropenis.
Popular rapper freed on bail in probe of influencer's death
Rapper Namewee was named a "person of interest" in an investigation into the death of Taiwanese influencer Iris Hsieh, police said.
Entertainment
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Entertainment
Glen Powell on "The Running Man" role
Glen Powell joins "CBS Mornings" to talk about his role in the new Paramount Pictures thriller "The Running Man," which is based on a Stephen King novel. He talks about the physical demands and how King had to approve him for the role.
Stars of "Eternity" discuss romantic comedy
The new romantic comedy "Eternity" stars Da'Vine Joy Randolph and Miles Teller. Teller plays Larry, who dies unexpectedly and learns about a big decision from his afterlife coordinator, played by Randolph. The two talk about working together, the personal relationships that inspired them for this film and what they want the audience to take away.
Alicia Silverstone on "A Merry Little Ex-Mas"
Actor Alicia Silverstone stars in, and is the executive producer of, "A Merry Little Ex-Mas." She plays a recently divorced mom who is planning the perfect Christmas, until it's interrupted. She talks to "CBS Mornings" about the film, drawing on experiences in her own life for the role and discusses the 30th anniversary of the iconic movie "Clueless."
"Jimmy Kimmel Live!" bandleader dies at 59
Jimmy Kimmel announced Cleto Escobedo III, his longtime friend and bandleader of "Jimmy Kimmel Live!," has died at 59. Escobedo has been with the show since it premiered in 2003, and he and Kimmel were friends since childhood.
People can't tell AI-generated music from real thing anymore, survey shows
It's become nearly impossible for people to tell the difference between music generated by artificial intelligence and that created by humans, according to a survey of 9,000 people.
Technology
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Anthropic says Chinese hackers used its AI chatbot in cyberattacks
State-sponsored cybercriminals used Anthropic's tech to target tech companies, financial institutions and other organizations, AI company alleges.
People can't tell AI-generated music from real thing anymore, survey shows
It's become nearly impossible for people to tell the difference between music generated by artificial intelligence and that created by humans, according to a survey of 9,000 people.
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.
Exclusive
Google sues China-based hackers over massive text-phishing scams
Google said the fake messages are part of a massive criminal network called "Lighthouse" that has stolen information through phishing and smishing scams.
Embryo testing that predicts height, IQ
Herasight is a genetic screening company that charges $50,000 to allow hopeful parents to analyze embryos for genetic information like lifespan, height and IQ in life.
Science
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Scientists discover new "lucifer" bee with devil-like horns
Kit Prendergast discovered the bee while surveying a critically endangered wildflower and was drawn to the insect's unique appearance.
Promising clinical trials for Alzheimer's
Recent studies have shown new antibody drugs to slow cognitive decline among people with early-onset Alzheimer's – a critical finding, given that the disease as of now has no cure. CBS News chief medical correspondent Dr. Jon LaPook visits Washington University School of Medicine in St. Louis, which is conducting important research into treating the disease before symptoms arise. The clinical trials involve the 1 to 2 percent of people with Alzheimer's who are genetically predisposed to developing dementia. He also talks with philanthropist Bill Gates, who has already donated $300 million to support Alzheimer's research.
Embryo testing that predicts height, IQ
Herasight is a genetic screening company that charges $50,000 to allow hopeful parents to analyze embryos for genetic information like lifespan, height and IQ in life.
James Watson, co-discoverer of the shape of DNA, dies at 97
James D. Watson, who helped discover the structure of DNA, has died at 97 years old.
Hundreds of dolphins found dead in lake were in water hotter than jacuzzi
"You couldn't put your finger in the water," said the lead author of the study, which spotlights the impacts of planetary warming on aquatic ecosystems.
Crime
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Florida executes ex-Marine who abducted, raped and killed 6-year-old girl in 1979
A man convicted of killing a 6-year-old girl who was abducted from her bedroom has been executed in Florida, which was the record 16th death sentence carried out under Gov. Ron DeSantis.
What we learned from new Epstein emails
Democrats on the House Oversight Committee earlier this week released a tranche of emails from convicted sex offender Jeffrey Epstein. Barry Levine, a journalist who has covered Epstein for years, joins "The Takeout" to break down what stood out.
Epstein survivor Annie Farmer on files release
The House is expected to vote next week on releasing files related to convicted sex offender Jeffrey Epstein. Survivor Annie Farmer joins "The Takeout" to discuss her push for disclosure.
Emmanuel Clase arrested at JFK, pleads not guilty in pitch rigging case
Clase and his teammate, Luis Ortiz, are both accused of being involved in a "scheme to rig bets on pitches."
Shooting at Oakland's Laney College wounds athletic director John Beam
A shooting at Oakland's Laney College injured the school's athletic director and former head football coach, John Beam, profiled in the Netflix docuseries "Last Chance U."
Space
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Blue Origin's New Glenn launches twin Mars probes
Blue Origin, owned by Jeff Bezos, plans to challenge SpaceX with the powerful, partially reusable New Glenn rocket.
Remote telescope farm helps far away stargazers beat light pollution
Customers send their telescopes to Starfront Observatories, where amateur stargazers can view the night sky unencumbered by artificial light.
Severe geomagnetic storm could bring northern lights to much of U.S.
A severe geomagnetic storm could cause widespread disruption to infrastructure technology and make northern lights visible for much of the northern half of the U.S.
Building the next space station
Astronauts opened the hatch to the International Space Station for the first time 25 years ago. The station will be retired at the end of the decade and there's a new type of space race on to replace it. CBS News' Mark Strassmann reports.
Trump re-nominates billionaire Jared Isaacman to run NASA
President Donald Trump is nominating Jared Isaacman to serve as his NASA administrator after all.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Family of expelled student plans lawsuit
A Louisiana family plans to file a federal lawsuit against their school district in a case involving a deepfake pornographic image. CBS News national reporter Kati Weis has the details.
Young pilot achieves his dream thanks to mentor
In 2019, CBS News met Jerome Stanislaus, a flight instructor who set out to open the skies for aspiring pilots. Now, a 17-year-old student featured in that story is officially taking off. Michelle Miller reports.
Rural child care providers join up to stay open
Nearly 4 million children in the United States can't get into a licensed child care center, costing states about $1 billion per year in lost economic activity from parents missing work or stepping away from jobs to support their families. Jonathan Vigliotti reports from rural Nebraska, where one community pooled its resources into one central location.
Ultra-processed foods linked to colon cancer risk
Dr. Celine Gounder explains a new study that found a possible link between ultra-processed foods and a higher risk of colon cancer.
Mom speaks out after baby's botulism diagnosis
Two families are suing the maker of an organic baby formula linked to an outbreak of botulism in infants. Nicole Valdes spoke with the parents of one of 15 infants who developed the rare and potentially dangerous illness after taking the formula.