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.

• Jul 30, 2023
• 06:36

Optimistic signs about the economy

There were some positive signs last week that the economy might be holding firm. Mark Strassmann has the details.

• Jul 30, 2023
• 02:09

Face The Nation: Hutchinson, Kashkari, Nirenberg

Missed the second half of the show? The latest on…former Arkansas Gov. Asa Hutchinson, who is seeking the Republican nomination for president, discussed a proposed mental acuity test for politicians over 75, Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week, and San Antonio Mayor Ron Nirenberg discussed the ongoing heat wave has put much of the Southeastern U.S. under dangerous heat alerts.

• Jul 30, 2023
• 22:35

Fewer available homes driving up prices

Data from FactSet shows existing homes and new homes are now selling for the same median price. Ten years ago, new home prices were on average $60,000 more expensive than existing homes. A big reason for that could be a lack of housing stock due to potential sellers hanging onto their homes thanks to lower interest rates on their mortgages. Sami Sparber, real estate reporter for Axios, joined CBS News to talk about the trend.

• Jul 27, 2023
• 03:49

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.

• Jul 26, 2023

Fed raises interest rates quarter of a point

After briefly pausing its war on inflation last month, the Federal Reserve is resuming the battle by hiking its benchmark interest rate to the highest level in 22 years. Hope King, senior business reporter for Axios, joined CBS News as the Fed announced the rate hike.

• Jul 26, 2023
• 07:26

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.

• Jul 26, 2023
• 05:27

Fed expected to raise interest rate Wednesday

The Federal Reserve is expected to raise interest rates again Wednesday after pausing more than a year of rate hikes in June. Experts believe the central bank will increase rates by one-quarter of a percentage point as part of its ongoing fight against high inflation. Joe Rennison, markets reporter for The New York Times, joined CBS News to discuss.

• Jul 25, 2023
• 05:10

11/4: CBS News Mornings

South Korea reacts to North Korea warplanes near border; Brooklyn Nets guard Kyrie Irving suspended after tweet about antisemitic film.

• Nov 4, 2022
• 43:54

5/5: CBS News Mornings

Federal Reserve hikes interest rate by 0.5%; Comedian Dave Chappelle attacked on stage

• May 5, 2022
• 42:43

3/14: CBS News Mornings

Dozens reported killed as Russia expands assault in western Ukraine; Guest worker visa applications soar amid labor shortage

• Mar 14, 2022
• 45:29

Job market cools in June

The U.S. economy added fewer jobs than predicted in June, sending stocks seesawing even as the unemployment rate remained steady. The report sparked fears that the Fed will raise interest rates again. Natalie Brand is at the White House with more.

• Jul 8, 2023
• 02:43

What the jobs report means for interest rates

Job creation slowed down last month, but Friday's jobs report still outperformed some economists' expectations. Javier David, managing editor for business and markets for Axios, joined CBS News to discuss what the numbers might mean for interest rate changes from the Federal Reserve.

• Jul 7, 2023
• 04:43

Prices, spending eased in May, data shows

New economic indicators closely watched by the Federal Reserve suggest an expected interest rate hike in July may not be locked in after all. The personal consumption expenditures index shows prices easing slightly for the month of May as consumer spending begins to slow. New York Times business reporter Jordyn Holman joined CBS News with more.

• Jun 30, 2023
• 03:03

Americans continue spending as inflation cools

Americans are still spending as inflation has finally shown signs of cooling. Still, there are some troubling economic signs. Mark Strassmann breaks it all down.

• Jun 18, 2023
• 02:06

Economy sends mixed signals

For the first time in 15 months, the Fed paused hikes in interest rates as inflation has started to wane — although it remains high. Mark Strassmann reports.

• Jun 18, 2023
• 02:04

Closer look at inflation and interest rate

CBS News business analyst Jill Schlesinger breaks down the decision by the Federal Reserve to pause raising interest rates this month, and how the U.S. is doing with inflation.

• Jun 15, 2023
• 02:53

Here's what the Fed's interest rate pause means for your money

After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.

• Jun 14, 2023

Fed hits pause on interest rates hikes

After 10 straight interest rate hikes done in an effort to combat inflation, the Federal Reserve on Wednesday chose to pause those rate hikes. However, Federal Reserve Chair Jerome Powell did signal that more rate hikes could be coming later this year. Weijia Jiang has more.

• Jun 14, 2023
• 02:13

Federal Reserve pauses interest rate hikes

The Federal Reserve has decided to leave interest rates unchanged after a Consumer Price Index report this week showed inflation is cooling. CBS News business analyst Jill Schlesinger and Javier David, managing editor for business and markets at Axios, have more.

• Jun 14, 2023
• 10:05

White House sees "progress" on inflation

Addressing the latest Consumer Price Index, President Biden said in a statement Tuesday that there was "continued progress tackling inflation," but "more work to do." The Biden administration also announced Wednesday that Secretary of State Antony Blinken will head to China this week. CBS News chief White House correspondent Nancy Cordes has more.

• Jun 14, 2023
• 04:06

Fed expected to pause interest rate hikes

Inflation was lower in May, falling for the 11th straight month. And that could mean no more Federal Reserve interest rate hikes, at least for now. CBS News chief White House correspondent Nancy Cordes has more.

• Jun 14, 2023
• 04:40

Inflation cools again in May

Inflation has continued to ease, according to new Consumer Price Index data released by the U.S. Bureau of Labor Statistics on Tuesday morning. Scott Wren, a senior global market strategist for Wells Fargo Investment Institute, joins CBS News with more.

• Jun 13, 2023
• 04:21

Fed considers pausing interest rate hikes

Officials at the Federal Reserve are considering pausing interest rate hikes at their next meeting, which starts June 13. But Friday's strong jobs report may complicate the Fed's path forward after 10 consecutive increases. Jeanna Smialek, a Federal Reserve and economy reporter for the New York Times, has more.

• Jun 5, 2023
• 03:51

Mild recession possible as job numbers stay hot

The U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.

• Jun 4, 2023
• 02:10

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