Federal Reserve pauses interest rate hikes — for now

The central bank is leaving interest rates unchanged after 11 hikes since March 2022, which has boosted borrowing costs for millions of Americans.

• Sep 20, 2023

Federal Reserve holds interest rates steady

The Federal Reserve opted not to raise interest rates Wednesday, despite the recent uptick in the inflation rate. CBS News business analyst Jill Schlesinger and CBS News senior White House and political correspondent Ed O'Keefe join Lilia Luciano and Lana Zak to discuss the central bank's decision.

• Sep 20, 2023
• 9:06

Federal Reserve pauses interest rate hikes

The Federal Reserve left interest rates unchanged in its September meeting in spite of inflation accelerating in August and remaining above the central bank's target rate. CBS News business analyst Jill Schlesinger and CBS News senior White House and political correspondent Ed O'Keefe have the latest.

• Sep 20, 2023
• 0:59

Interest rate hike not expected this month

The Federal Reserve is expected to announce its decision on another possible interest rate hike Wednesday afternoon. Jeanna Smialek, a Federal Reserve and economics reporter for The New York Times, joined CBS News to discuss the chances of a rate increase.

• Sep 20, 2023
• 3:44

The Fed is making a rate decision today. Here's what to expect

The Fed is meeting today to decide whether to again raise rates as it battle inflation. Here's what it means for interest rates and mortgages.

• Sep 20, 2023

Republican lawmaker proposes 18% cap on credit card interest rates

U.S. Senator Josh Hawley's bill comes as Americans have been saddled with more than $1 trillion in credit card debt.

• Sep 12, 2023

Oil cuts abroad could impact interest rates

Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.

• Sep 6, 2023
• 5:14

Jobs report shows jump in unemployment

Unemployment jumped from 3.5% to 3.8% this month, a sign that the job market is cooling. The market also added 187,000 jobs. The Biden administration said this showed more people joining the workforce. Meanwhile, the Federal Reserve is considering another interest hike amid soaring inflation. Christina Ruffini reports.

• Sep 2, 2023
• 3:04

Is the Fed done raising interest rates?

Officials with the Federal Reserve won't convene again until September after hiking interest rates last month for the 11th time in the past year and a half. Jeanna Smialek, who covers the Fed and the economy for The New York Times, joined CBS News to discuss whether there will be another rate increase.

• Aug 9, 2023
• 3:12

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
• 6:36

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
• 2:09

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
• 3:49

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
• 7:26

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
• 5:27

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
• 5:10

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
• 2:43

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
• 4:43

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
• 3:03

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
• 2:06

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
• 2:04

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