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.
Live
Trump announces "crushing economic operation" on Iran with talks in limbo
President Trump said Wednesday the U.S. might return to negotiations with Iran eventually, but he said currently "the situation is so good."
Exclusive
He spied for the U.S. in the war on terror. Now ICE wants to deport him.
The Trump administration is trying to deport a self-described CIA spy who won permission to live in the U.S. by helping convict terrorists.
Prince Harry and Meghan moving back to U.K.
The couple said in January 2020 that they would be stepping away from "senior" royal roles and were working to become financially independent from the royal family.
Exclusive
Pentagon officials considering firing Stars and Stripes publisher, sources say
Max Lederer, who has served as the publisher of Stars and Stripes for 19 years, this week announced to colleagues his decision to retire on Sept. 30, citing fundamental differences with the Trump administration.
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
How Moderna's melanoma mRNA vaccine could fight deadliest skin cancer
CBS News medical correspondent Dr. Céline Gounder, who has had melanoma herself, said Moderna's experimental trial is "a big win for mRNA vaccines against cancer."
5 Americans among 7 people killed in Kenya helicopter crash
NBCUniversal said its Florida-based journalist, José Alberto Suárez, who worked for CBS Miami in the 1990s, was among those killed in the crash.
One killed when small plane, state police helicopter collide in Pennsylvania
One person was killed and two Pennsylvania State Police troopers were injured when a small plane and a state police helicopter were involved in a midair collision in central Pennsylvania, authorities said.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
U.S.
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One killed when small plane, state police helicopter collide in Pennsylvania
One person was killed and two Pennsylvania State Police troopers were injured when a small plane and a state police helicopter were involved in a midair collision in central Pennsylvania, authorities said.
How Moderna's melanoma mRNA vaccine could fight deadliest skin cancer
CBS News medical correspondent Dr. Céline Gounder, who has had melanoma herself, said Moderna's experimental trial is "a big win for mRNA vaccines against cancer."
Exclusive
He spied for the U.S. in the war on terror. Now ICE wants to deport him.
The Trump administration is trying to deport a self-described CIA spy who won permission to live in the U.S. by helping convict terrorists.
Publix frozen blueberry recall upgraded to highest health risk level
Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
MoneyWatch
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Publix frozen blueberry recall upgraded to highest health risk level
Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
Women lag in high-paying AI jobs boom, LinkedIn study finds
AI jobs can command a premium, but women are disproportionately underrepresented in such roles, according to hiring data.
Bond market sell-off threatens to drive up loan costs
The yield on the 30-year Treasury this week hit its highest level since 2007, a rise that could put upward pressure on borrowing costs.
Moderna stock surges as melanoma vaccine trial shows "landmark moment"
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Politics
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Exclusive
Pentagon officials considering firing Stars and Stripes publisher, sources say
Max Lederer, who has served as the publisher of Stars and Stripes for 19 years, this week announced to colleagues his decision to retire on Sept. 30, citing fundamental differences with the Trump administration.
Exclusive
He spied for the U.S. in the war on terror. Now ICE wants to deport him.
The Trump administration is trying to deport a self-described CIA spy who won permission to live in the U.S. by helping convict terrorists.
Michael Cohen, Trump's fixer-turned-nemesis, says he'll interview former boss
"This is the first public conversation between the president and myself in eight years," said Cohen.
Woman told House panel that Gomez sexually assaulted her, attorneys say
The California Democrat said Monday that he "made personal mistakes outside my marriage" and that his "actions were consensual in nature."
How progressive wins in Democratic primaries are shaping the midterms
Progressive momentum has been a prominent storyline as Democrats look to flip control of the House and Senate next year. But how far will it go?
HealthWatch
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How Moderna's melanoma mRNA vaccine could fight deadliest skin cancer
CBS News medical correspondent Dr. Céline Gounder, who has had melanoma herself, said Moderna's experimental trial is "a big win for mRNA vaccines against cancer."
Melanoma vaccine shows promising results
An experimental melanoma vaccine could reduce the risk of the cancer returning or spreading for some high-risk patients. It's personalized for each patient and optimized using artificial intelligence. Dr. Jon LaPook has more details.
Publix frozen blueberry recall upgraded to highest health risk level
Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
Moderna stock surges as melanoma vaccine trial shows "landmark moment"
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
She's lived through unimaginable grief. Her advice: "Reach for the joy."
Author and grief coach Kate Doerge joined Norah O'Donnell for a candid talk about coping with grief.
World
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Prince Harry and Meghan moving back to U.K.
The couple said in January 2020 that they would be stepping away from "senior" royal roles and were working to become financially independent from the royal family.
5 Americans among 7 people killed in Kenya helicopter crash
NBCUniversal said its Florida-based journalist, José Alberto Suárez, who worked for CBS Miami in the 1990s, was among those killed in the crash.
Israel orders criminal probe into killing of 5-year-old Hind Rajab in Gaza
Israel says military police will investigate the killing of Hind Rajab, a young girl in Gaza whose death at the hands of its forces drew an international outcry.
Trump says he expects to meet with North Korea's Kim Jong Un this year
President Trump wants to meet again with Kim Jong Un to discuss denuclearization, the Wall Street Journal reports, despite having nothing to show for 3 previous summits.
Australian tennis player Nick Kyrgios suspended after positive cocaine test
Australia's Nick Kyrgios has been provisionally suspended from professional tennis after testing positive for cocaine during a tournament in Mallorca.
Entertainment
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Entertainment
"Recess Therapy" host on embracing kid behavior
Julian Shapiro-Barnum is known for his conversations with kids on his series "Recess Therapy." He tells "CBS Mornings" why he thinks adults need to act more childish and embrace some behaviors of children.
Isla Fisher talks "Spa Weekend"
Isla Fisher gives an inside look at the new film, "Spa Weekend," how it highlights the importance of female friendships and how the star-studded cast connected.
Frank Beard, ZZ Top drummer, dies at age 77
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Panettiere was with on-and-off boyfriend when she died, police report says
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Madonna leads 2026 MTV VMAs with 11 nominations
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Technology
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Technology
AI companies buying up books: 404 Media
Some used and independent bookstores have reported unexpectedly large book orders and suspect that the books are being scanned to train AI models and then destroyed. As part of a new investigative report, 404 Media put a tracking device in a book to see where it'd end up. Emanuel Maiberg, a journalist and co-founder at 404 Media, joins CBS News to discuss.
Former Meta engineer testifies in fed trial
Wendy Sheehan Donnell, editor-in-chief of PCMag, joins CBS News to discuss the latest in the tech world as a former Meta engineer takes the stand in the company's landmark federal trial for allegedly causing children to become addicted to its products.
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.
Women lag in high-paying AI jobs boom, LinkedIn study finds
AI jobs can command a premium, but women are disproportionately underrepresented in such roles, according to hiring data.
OpenAI launches updated ChatGPT for teens
OpenAI is launching a newer version of its teen-friendly ChatGPT platform. Rebecca Bellan, a senior reporter for TechCrunch, joins with more details on its tools.
Science
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A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
Crime
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Crime
Woman missing after husband found dead
Police in Massachusetts are looking for Karen Solomon, a woman whose husband was found dead at their home. Police have said she is "presumed to be armed and dangerous." CBS News' Lilia Luciano has more.
Manhunt for wife of police officer found dead
A search is underway in Massachusetts for a 58-year-old woman considered armed and dangerous whose police officer husband was found dead Tuesday. Lilia Luciano has the latest developments.
Psychologist who treated Clancy testifies
Lindsay Clancy, the Massachusetts woman on trial for killing her three children in 2023, has pleaded not guilty, citing her own struggle with postpartum psychosis. On Wednesday, a psychologist who treated Clancy after the killings testified about her state of mind the night of the tragedy. Shanelle Kaul reports.
Moving pillowcase leads to discovery of reptiles in car seized at border
Federal officers found a moving pillowcase in a car that was seized at the U.S.-Mexico border. A collection of stolen exotic reptiles was inside.
Details emerge on Tupac's murder
Duane "Keffe D" Davis, who is accused of orchestrating the 1996 murder of Tupac Shakur, is back in court for the third day of his trial as more details emerge on the potential motive behind the fatal shooting. CBS News' Katrina Kaufman has more.
Space
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NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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
Thousands without power in Indiana
Over a week after a storm knocked out power to several towns in Indiana, thousands are still living without electricity and struggling to get warm meals. CBS News Chicago's Sabrina Franza reports.
Inside the investigation into Mark Walter
Billionaire Mark Walter moved to sell the Los Angeles Lakers last week for a record $12.5 billion just 14 months after purchasing the team as he faces a federal investigation. Melody Gutierrez, senior investigative reporter at The Athletic, joins "The Daily Report" to discuss.
Army offering Grand Theft Auto leave
A U.S. Army unit based in Georgia is offering soldiers four days of leave to play Grand Theft Auto IV when it's released in November as a way to incentivize reenlistments. CBS News Pentagon reporter Eleanor Watson has more.
Border wall construction paused in Texas park
President Trump is pausing construction of a border wall in Texas' Big Bend National Park after bipartisan concerns about its impact on the natural landscape, CBP Commissioner Rodney Scott announced. CBS News' Nicole Sganga reports.
Landmark moment in skin cancer vaccine trial
CBS News medical correspondent Dr. Céline Gounder joins "The Daily Report" to discuss what Moderna's melanoma vaccine breakthrough could mean as clinical trials continue.