Here are the credit products already cheaper after the Fed's rate cut
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
Interest Rates
Federal Reserve interest rate cut effect
The Federal Reserve's interest rate cut announcement has already affected the prices of some mortgage rates and credit card interest rates. CBS MoneyWatch associate managing editor Aimee Picchi reports.
Why built-to-rent communities are becoming popular
With home prices and interest rates remaining stubbornly high, many people who believe they will never be able to afford a home are turning to built-to-rent communities. Kris Van Cleave explains.
5 key takeaways from the Federal Reserve's jumbo rate cut
The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.
Spotting scams when homebuying, renting
The CBS News Confirmed team investigated housing scams that are impacting Americans nationwide. CBS News national consumer correspondent Ash-har Quraishi has more on avoiding scams when buying or renting a home.
Fed cuts interest rates, what happens now?
The Federal Reserve on Wednesday announced an interest rate cut of 0.5%, bringing rates down from their previous 23-year high. CBS News contributor Javier David has more on what that means for you.
Here's how the Fed's rate cut today may impact your finances
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Fed lowers rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Why the Fed cut rates for first time in 4 years
The Federal Reserve cut interest rates by half a percentage point Wednesday after introducing several rate hikes throughout the pandemic. Martin Baccardax, chief markets correspondent for TheStreet, joins CBS News to explain the Fed's move.
Federal Reserve enacts first rate cut since 2020
The Federal Reserve lowered interest rates by half a percentage point Wednesday, more than expected. It's the first rate cut since the pandemic in 2020, and the largest cut since the 2008 financial crisis. Jo Ling Kent has more on what the move means.
Fed cuts rates in final stretch of 2024 race
The Federal Reserve lowered interest rates by half a percentage point on Wednesday, its first cut in more than four years. The decision came on a busy day for the Trump and Harris campaigns. CBS News' Jo Ling Kent, Nikole Killion and Aaron Navarro have the latest.
Biden economic adviser unpacks Fed rate cut
The Federal Reserve reduced its benchmark interest rate for the first time in more than four years on Wednesday. The move will directly impact the finances of millions of Americans. Jared Bernstein, chair of the White House Council of Economic Advisers, joins "America Decides" to discuss.
Here's how the Fed's rate cut could impact your credit card balance
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Federal Reserve cuts interest rates
The Federal Reserve has announced a cut to interest rates by 0.50 percentage points. This is the first cut to its benchmark interest rate since March 2020. CBS News business analyst Jill Schlesinger and Al Root, an associate editor at Barron's, break down the news.
Interest rates expected cut from the Fed
The Federal Reserve is expected to announce the first interest rate cut since 2020. CBS News business analyst Jill Schlesinger breaks down what economists predict may occur during today's announcement.
Previewing the Fed decision on rate cuts
The Federal Reserve is expected to cut interest rates Wednesday for the first time in four years, but how big could the cut be? CBS News contributor Javier David has a preview of the decision.
High prices, low inventory for new homes
Americans looking to buy or rent a new home are seeing higher prices and low inventory. CBS News senior business and technology correspondent Jo Ling Kent breaks down the latest in the U.S. housing market.
PPI data meets expectations
Wall Street opened with a bumpy start Thursday after the producer price index in August rose in line with expectations. CBS News contributor Javier David discusses how the data might affect the Federal Reserve's interest rate decision next week.
U.S. inflation drops to lowest level in years
Inflation cooled further in August, falling to a three-year low and cementing views that the Federal Reserve will soon start cutting interest rates. Martin Baccardax, senior editor and chief markets correspondent for the Street, joins to discuss.
Inflation eases ahead of expected rate cuts
The inflation rate dropped to 2.5% in August, according to the latest data from the Labor Department, a further sign that the Federal Reserve will enact interest rate cuts when it meets next week. Jo Ling Kent has details.
August CPI report shows 0.2% inflation rise
The Consumer Price Index rose 0.2% in August, the same as July, putting the 12-month inflation rate at 2.5%. CBS News contributor Javier David has a look at the numbers and what they might mean for interest rates.
U.S. employers add 142,000 jobs in August
The U.S. added 142,000 jobs in August, slightly below economists' expectations while unemployment decreased from 4.3% to 4.2%. CBS News business analyst Jill Schlesinger has more on what that means for the Federal Reserve's upcoming decision on interest rates.
Mortgage rates fall to lowest since April 2023. Here's where they're headed.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Fed Chair Jerome Powell signals "time has come" for interest rate cuts
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
Real estate market, interest rates shift
The real estate market in the U.S. may see some movement when the Federal Reserve Board makes a decision on potentially cutting interest rates in September. CBS News contributor J.D. Durkin has more.
Trump says Hamas agreed to next phase of Gaza peace deal, including disarmament
The president says Hamas and his international "Board of Peace" have agreed on the next steps in a peace deal that includes Hamas' disarmament in the Gaza Strip.
Live
Iran conflict expands as Senate again rejects effort to limit Trump's war powers
A vote in the Senate to limit President Trump's war powers has narrowly failed again. Three Republicans voted in favor it.
People with disabilities fear service cuts as DOJ questions legal protections
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
Saudi, Israeli leaders try to shape Trump's decisions on Iran conflict
As conflict potentially expands in the region, Trump met with the Saudi defense minister and with Benjamin Netanyahu. The Israeli prime minister counseled Trump on three options for the war.
U.S. investigating whether Iran was behind cyberattack on Minnesota water systems
Malicious cyber activity affected technology at more than 30 community water systems across Minnesota this week, leading authorities to dig into whether Iranian actors are behind the attack, CBS News has learned.
Exclusive
Pentagon weighs eliminating civilian tenure at military academies, draft memo says
The Pentagon is considering a sweeping remake of military higher education, including an end to civilian tenure and a "line-by-line" review of courses, according to a draft memo obtained by CBS News.
Ukrainian ambassador tracks how Kyiv's relationship with D.C. has evolved,
The outgoing Ukrainian ambassador to the U.S. says Ukraine has been able to combat what she said characterized as a prior, erroneous narrative that Russia was winning the war, now in its fifth year.
Netflix sued for allegedly losing unreleased Nicolas Cage movie
Lawsuit alleges that a drive storing $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
Afghan woman to fight U.S. efforts to deport her over "alien terrorist" claim
Nazira Haji Zada's lawyer argued that the Justice Dept. is violating her due process rights.
U.S.
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Anthropic reveals Claude "gained unauthorized access" to "real-world systems"
Anthropic's artificial intelligence model Claude "gained unauthorized access" to three outside organizations on three separate occasions during testing.
U.S. investigating if Iran was behind cyberattack on Minnesota water systems
Malicious cyber activity affected technology at more than 30 community water systems across Minnesota this week, leading authorities to dig into whether Iranian actors are behind the attack, CBS News has learned.
Stolen Civil War-era cannonballs found in suitcase at Alabama airport
Law enforcement officials say a set of stolen Civil War-era cannonballs was discovered in a passenger's suitcase during a routine security screening at Alabama's Gulf Shores International Airport.
Hair sample found at Nancy Guthrie's home inconclusive as search hits 6-month mark
A hair sample found at the home of Nancy Guthrie came back inconclusive after undergoing testing, Pima County Sheriff Chris Nanos revealed Thursday.
American Airlines makes its flight refund policy more restrictive
American Airlines is tightening its flight refund and cancellation policy. Here's what to know.
MoneyWatch
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Anthropic reveals Claude "gained unauthorized access" to "real-world systems"
Anthropic's artificial intelligence model Claude "gained unauthorized access" to three outside organizations on three separate occasions during testing.
American Airlines makes its flight refund policy more restrictive
American Airlines is tightening its flight refund and cancellation policy. Here's what to know.
Poll analysis on cost of living and whether political parties have answers
Big majorities of Americans have said their incomes are not keeping up with inflation, and feel the president isn't focused enough on the issue.
Netflix sued for allegedly losing unreleased Nicolas Cage movie
Lawsuit alleges that a drive storing $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
Mortgage rates hit highest level in a year amid inflation fears
Mortgage rates are drifting higher as the Fed's interest rate decision and war in the Middle East fuel inflation concerns.
Politics
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People with disabilities fear service cuts as DOJ questions legal protections
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
Ukrainian ambassador tracks how Kyiv's relationship with D.C. has evolved,
The outgoing Ukrainian ambassador to the U.S. says Ukraine has been able to combat what she said characterized as a prior, erroneous narrative that Russia was winning the war, now in its fifth year.
Exclusive
Pentagon weighs eliminating civilian tenure at military academies, draft memo says
The Pentagon is considering a sweeping remake of military higher education, including an end to civilian tenure and a "line-by-line" review of courses, according to a draft memo obtained by CBS News.
Trump says Hamas agreed to next phase of Gaza peace deal, including disarmament
President Trump said Hamas and his international "Board of Peace" have agreed on the next steps in a peace deal that includes Hamas' disarmament in the Gaza Strip.
U.S. investigating if Iran was behind cyberattack on Minnesota water systems
Malicious cyber activity affected technology at more than 30 community water systems across Minnesota this week, leading authorities to dig into whether Iranian actors are behind the attack, CBS News has learned.
HealthWatch
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People with disabilities fear service cuts as DOJ questions legal protections
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
Senate committee advances Dr. Erica Schwartz to be Trump's CDC director
If confirmed by the full Senate, Dr. Erica Schwartz would become the 22nd director of the Atlanta-based Centers for Disease Control and Prevention.
Millions of kids have caffeine in their diet. It's not all coming from soda.
On any given day, kids consume an average of 19.4 milligrams of caffeine, which is about two-thirds of what's in a can of Coke, according to a new report.
Extended Interview: Jay Bhattacharya
Rob Gutman speaks with Jay Bhattacharya, director of the National Institutes of Health and acting director of the CDC, about Dr. Anthony Fauci's actions during the pandemic, the possible origins of COVID-19, vaccines and more.
Acting CDC director on Fauci's testimony
Dr. Jay Bhattacharya, the director of the National Institutes of Health and the acting director of the Centers for Disease Control and Prevention spoke with Matt Gutman about Dr. Anthony Fauci's hearing on Wednesday and other health issues that affect many Americans.
World
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Ukrainian ambassador tracks how Kyiv's relationship with D.C. has evolved,
The outgoing Ukrainian ambassador to the U.S. says Ukraine has been able to combat what she said characterized as a prior, erroneous narrative that Russia was winning the war, now in its fifth year.
Trump says Hamas agreed to next phase of Gaza peace deal, including disarmament
President Trump said Hamas and his international "Board of Peace" have agreed on the next steps in a peace deal that includes Hamas' disarmament in the Gaza Strip.
What the fires burning near Bordeaux's vineyards could mean for France's wine industry
In France, wildfires this summer have already burned an area four times the size of Paris, driving hundreds of thousands of people from their homes.
North American nations join Europe's, reject FIFA head's World Cup investment plan
North America's soccer body on Thursday rejected FIFA president Gianni Infantino's plan to sell stakes in the World Cup to private equity investors, joining European nations in opposition.
Spain deploys military to Morocco border after migrant crossings, 18 deaths
At least 18 migrants died trying to reach the Spanish territory of Ceuta after tens of thousands of people breached the frontier with Morocco and poured into the tiny Spanish territory.
Entertainment
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Entertainment
"Spider-Man: Brand New Day" swings into theaters
Just weeks after "Supergirl" underperformed at the box office, the ninth live-action Spider-Man film since 2002 is expected to premiere with a projected global opening of as much as $465 million. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss.
From the archives: Spider-Man creator Stan Lee
The creator of such superheroes as Spider-Man, Iron Man, the Avengers and the Fantastic Four, Stan Lee (1922-2018) was a comic book genius whose characters made him a superhero himself to legions of fans. In this report that originally aired Jan. 17, 2016, Lee talked with "Sunday Morning" correspondent Lee Cowan about his marvelous life story that, fittingly, was published in comic-book form.
Netflix sued for allegedly losing unreleased Nicolas Cage movie
Lawsuit alleges that a drive storing $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
From the archives: "Once" songwriter Glen Hansard
Irish singer-songwriter Glen Hansard, an Oscar-winner for "Once" (which became a Tony Award-winning musical), died July 29, 2026 at age 56. In this March 17, 2013 "Sunday Morning" profile, Hansard talked with Anthony Mason about growing up as a street performer in Dublin, and his meteoric rise to fame as a member of the rock band The Frames and (with Markéta Irglová) half of the duo The Swell Season. Also: A web extra featuring Hansard busking on the streets of New York City.
BTS skipping the next Grammy Awards
BTS said they will not submit their latest album for Grammy consideration, which came after the group's yearslong hiatus to fulfill their mandatory military duty. Emily Curl explains why the group's decision may be connected to the academy adding a new category.
Technology
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Anthropic reveals Claude "gained unauthorized access" to "real-world systems"
Anthropic's artificial intelligence model Claude "gained unauthorized access" to three outside organizations on three separate occasions during testing.
Altman expresses support for AI slowdown
Emily Birnbaum, a corporate lobbying reporter at Bloomberg News, joins "The Daily Report" to discuss what OpenAI CEO Sam Altman's lobbying efforts in Washington, D.C., mean for the industry as he voices his support for pacing AI development.
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.
OpenAI CEO meets with key Trump advisers
OpenAI CEO Sam Altman is meeting with high-ranking Trump administration advisers following his talks with lawmakers on Capitol Hill. This comes as some tech workers criticize the rapid development of AI, demanding that the government create new safety regulations. CBS News' Jo Ling Kent has more.
Inside the advancements in AI
CBS News contributor Matt Shumer, a venture capitalist, told "CBS Mornings" artificial intelligence advancements are moving "way more quickly than anyone anticipated." Shumer addresses recent developments in AI and its impact on the workforce.
Science
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Science
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Crime
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Crime
Police kill suspect in deadly kidnapping
On Wednesday night in Chino Hills, about 30 miles south of Los Angeles, deputies fatally shot a suspect after a deadly kidnapping. Carter Evans reports as authorities piece together exactly what happened.
Hair sample found at Nancy Guthrie's home inconclusive as search hits 6-month mark
A hair sample found at the home of Nancy Guthrie came back inconclusive after undergoing testing, Pima County Sheriff Chris Nanos revealed Thursday.
First responders testify in Lindsay Clancy trial
First responders testified Thursday in the trial of Lindsay Clancy, who admitted to killing her three children but pleaded not guilty to three counts of first-degree murder. CBS News correspondent Shanelle Kaul has the details.
Peptide vendor sentenced to nearly 6 years in prison: "An incredible trail of harm"
A federal judge sentenced the owner of a peptide company to nearly six years in prison after finding the business deceived customers and sold products that were adulterated with steroids.
Details on Colin Gray sentence
Colin Gray, father of Appalache High School shooter Colt Gray, was sentenced to 15 years in prison on Thursday for his part in the 2024 tragedy perpetrated by his son. CBS News legal contributor Rebecca Roiphe has more.
Space
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Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
"Spider-Man: Brand New Day" swings into theaters
Just weeks after "Supergirl" underperformed at the box office, the ninth live-action Spider-Man film since 2002 is expected to premiere with a projected global opening of as much as $465 million. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss.
Boat company owner donates profits to charity
Eddie Smith, the owner of Grady-White Boats, could have sold his business for hundreds of millions of dollars. Instead, he decided to turn the company over to a charitable trust.
Legal analysis on who decides election rules
President Trump is fighting with 23 states and the District of Columbia over election rules and mail-in ballots. CBS News legal contributor Jessica Levinson joins to discuss.
Sheriff discusses Nancy Guthrie case
Nearly six months after Nancy Guthrie was kidnapped from her home in Tucson, Arizona, Jonathan Vigliotti sat down with the sheriff at the forefront of the investigation.
WNBA game sees sideline controversy
Indiana Fever guard Sophie Cunningham made news off the court for her recent comments about transgender athletes in women's sports. Jan Crawford has more.