Fed Chair on consumer sentiment
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Interest Rates
Fed leaves rates unchanged, outlook uncertain
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
Powell paints picture of economic uncertainty
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
Powell: Tariffs may delay inflation progress
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Fed leaves interest rates unchanged
The Federal Reserve has announced interest rates will remain unchanged for the second time this year. CBS News business analyst Jill Schlesinger and CBS News contributor J.D. Durkin react to the decision.
Stocks drift higher as investors await Fed decision on interest rates
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Previewing the Fed's interest rate decision
The Federal Reserve will announce its latest interest rate decision Wednesday afternoon. CBS News MoneyWatch correspondent Kelly O'Grady reports on what to expect.
Fed expected to keep interest rates the same
The Federal Reserve will meet Wednesday to make its second interest rate decision of the year with economists predicting rates will be held steady. CBS News business analyst Jill Schlesinger has more.
Unpacking slight February inflation cooldown
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Analyzing new inflation report
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Here's the financial impact of the Fed's pause on rate cuts
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
Fed expected to leave rates unchanged
The Federal Reserve on Wednesday will make its first interest rate decision of the second Trump administration with economists predicting rates will remain unchanged. CBS News business analyst Jill Schlesinger has more.
Rep. Don Bacon on Trump's proposed tax cuts
On Wednesday, President Trump met with three House Republicans who kept their seats in districts that former Vice President Kamala Harris won. One of those lawmakers, Rep. Don Bacon of Nebraska, joins "America Decides" to unpack Trump's proposed tax cuts, as well as his own.
Trump's clear message to businesses
President Trump made an economic pitch at the World Economic Forum, telling businesses to make their products in the U.S. He said if they don't, they'll have to "pay a tariff." CBS News business contributor Javier David breaks it down.
Breaking down Trump's tariff threat at Davos
President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution, joins "America Decides" to examine Trump's remarks.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Stock market plunges after December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
The impact of sticky inflation on Americans
2024 was a departure from the high inflation numbers of just two years ago, but the fight against rising prices is not over. CBS News MoneyWatch correspondent Kelly O'Grady looks back on the biggest economic and business stories of the year.
Federal Reserve slashes rates again
The Federal Reserve said it is lowering rates by a quarter of a percentage point on Wednesday, marking a full percentage point drop since September. CBS News business analyst Jill Schlesinger explains the impact on your finances.
Dow plunges after Powell's comments on rate cuts
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
The Fed's rate cuts impact on Americans
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
Fed makes final 2024 interest rate decision
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
Fed lowers rates by 0.25 percentage point, but expects fewer cuts
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
Here's how the Fed's interest rate cut today could impact your money
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
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.
Trump says he may pull Blanche's nomination until 2 Senate critics leave office
President Trump said Todd Blanche will remain acting attorney general as a holdup on his nomination continues.
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.
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.
Father of Apalachee High School shooter sentenced to 15 years in prison
Days after his son was sentenced, the father of the Apalachee High School shooter Colt Gray, is in court for his own sentencing hearing.
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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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.
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.
HealthWatch
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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.
Fauci invokes the Fifth over 100 times
Dr. Anthony Fauci faced an angry Senate hearing on Wednesday, with Republicans confronting him over diary entries and his handling of the government's response to the COVID-19 pandemic. Nikole Killion has more.
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.
CONCACAF rejects Infantino's World Cup investment plan after UEFA's boycott threat
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, 9 deaths
Spain will deploy its military to Ceuta to help restore order at its border with Morocco after local authorities in Ceuta had asked the central government in Madrid for reinforcements.
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.