The Fed is meeting today — will it finally cut interest rates?
After two years of rate hikes, Americans are coping with higher costs for all kinds of loans. Here's what to expect from the Fed today.
Jerome Powell
How Fed could react to hot February inflation
Consumer prices climbed again in February, according to a new U.S. Bureau of Labor Statistics report. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss if the increase could change the Fed timeline for a rate drop.
Jerome Powell: The 2024 60 Minutes Interview
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and more. Scott Pelley reports.
Fed Chair on wars and global economy
Chair Powell told 60 Minutes correspondent Scott Pelley that conflicts in Ukraine and the Middle East threaten to destabilize the global economy if they become worse.
Fed chair on immigration, economic recovery
Chair Powell said a resumption of pre-pandemic levels of immigration provided a huge boost to the labor market and played a significant role in its stabilization.
Fed Chair on AI research
In an interview at Spelman College, Federal Reserve chairman Jerome Powell said the Fed has been researching the impact artificial intelligence could have on employment, distribution of wealth and productivity in the U.S.
Jerome Powell on SVB's collapse
In an interview with 60 Minutes, chairman Jerome Powell said the Federal Reserve is working on regulations to prevent failures like Silicon Valley Bank.
Fed Chair on China Evergrande's impact
The chairman of the Federal Reserve discussed China's slowing growth and the collapse of real estate giant China Evergrande.
Fed Chair Powell on cybersecurity
In an interview with 60 Minutes correspondent Scott Pelley, chairman Jerome Powell said up-to-date cyber defense will always be essential for banks and the Federal Reserve.
Jerome Powell: Full 2024 60 Minutes interview transcript
The full text of Scott Pelley's interview with the Federal Reserve chair.
Fed Chair Jerome Powell shares why Fed hasn't yet cut interest rates
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
When will the Fed cut interest rates?
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
Fed to announce interest rate decision
The Federal Reserve is holding its first rate meeting of the year Wednesday, with interest rates expected to be left unchanged. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joined CBS News with more insight on the Fed's decision-making process.
Inflation cooled in June: What that means
Inflation cooled in June to 3%, the lowest in more than two years, according to the U.S. Labor Department's Consumer Price Index. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what this means for consumers and whether the Federal Reserve will continue to raise rates.
How the U.S. avoided a recession in 2023
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
Dow surges after Fed keeps rates unchanged
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
How Fed may respond to low October inflation
The Labor Department says the rate of inflation — which measures how much prices are rising — fell to 3.2% in October. Frances Stacey, director of strategy at Optimal Capital, joins CBS News to discuss what this means for your wallet and the country's financial outlook.
Why the Fed left interest rates unchanged
The Federal Reserve on Wednesday held its benchmark interest rate steady for a second consecutive time while upgrading its view of the U.S. economy and leaving open the possibility of additional rate hikes should inflation quicken in coming months. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined CBS News to discuss the reasoning behind the decision.
Stock futures up after shutdown averted
Wall Street index futures kicked off October on a high note after lawmakers averted a government shutdown. Investors will wait to hear from Federal Reserve Chair Jerome Powell on Monday for more on the central bank's interest-rate path. CBS News contributor Javier David, managing editor for business and markets at Axios, has more.
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.
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.
Fed Reserve: "Significant" inflation risk may merit more rate hikes
Officials want more data to be confident that inflation is abating, according to the minutes of their July 25-26 meeting.
What GDP growth means for the U.S. economy
The nation's GDP grew at an annual rate of 2.4% from April to June 2023 -- a faster rate than many economists predicted. Lori Bettinger, president of Bancalliance, joined CBS News to discuss what the new figure means for the state of the economy.
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.
Exclusive
Coast Guard operating in "crisis" as shutdown halts pay, strains missions overseas
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
Live
Iran war pushes oil prices to 4-year high as Hegseth to face lawmakers
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
House adopts Senate-approved budget resolution to unlock ICE funding
The budget blueprint is the first step in Republicans' two-pronged plan to end the Department of Homeland Security shutdown.
Janet Mills ends Senate campaign in Maine, paving way for Graham Platner
Maine Gov. Janet Mills' exit from the race all but assures Graham Platner will get the Democratic nomination to take on Sen. Susan Collins.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
Trump says U.S. may cut the number of American troops in Germany
President Trump said Wednesday he is considering reducing the number of U.S. forces in Germany, amid a spat with Germany's chancellor and the NATO alliance over Iran.
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
U.K. pledges $34 million to fight antisemitism emergency after stabbing
The British government's terrorism prevention adviser describes anti-Jewish attacks as the "biggest national security emergency" since 2017.
Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
U.S.
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GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
David Allan Coe, singer who wrote "Take This Job and Shove It," dies at 86
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Janet Mills ends Senate campaign in Maine, paving way for Graham Platner
Maine Gov. Janet Mills' exit from the race all but assures Graham Platner will get the Democratic nomination to take on Sen. Susan Collins.
Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
New Orleans sheriff indicted after investigation into escape of 10 inmates
Orleans Parish Sheriff Susan Hutson was indicted on 30 felony counts after a probe into one of the largest jailbreaks in U.S. history, which occurred under her watch.
MoneyWatch
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GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
Ford to receive $1.3 billion government refund for Trump's IEEPA tariffs
Detroit automaker expects big financial boost from refund of tariffs struck down earlier this year by the Supreme Court.
Talks to bail out Spirit Airlines stall as company teeters toward collapse
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
Politics
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Janet Mills ends Senate campaign in Maine, paving way for Graham Platner
Maine Gov. Janet Mills' exit from the race all but assures Graham Platner will get the Democratic nomination to take on Sen. Susan Collins.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
Exclusive
Coast Guard operating in "crisis" as shutdown halts pay, strains missions overseas
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
House adopts Senate-approved budget resolution to unlock ICE funding
The budget blueprint is the first step in Republicans' two-pronged plan to end the Department of Homeland Security shutdown.
HealthWatch
More HealthWatch
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
World
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Israel intercepts Gaza aid flotilla off Greek coast, activists say
The Global Sumud Flotilla said 22 of its 58 vessels were "abducted," while the Israeli foreign ministry derided the convoy as a "condom flotilla."
U.K. pledges $34 million to fight antisemitism emergency after stabbing
The British government's terrorism prevention adviser describes anti-Jewish attacks as the "biggest national security emergency" since 2017.
Live
Iran war pushes oil prices to 4-year high as Hegseth faces lawmakers
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
Divers find wreck of iconic U.S. ship torpedoed in WWI, killing 131
The sinking of the Coast Guard Cutter Tampa killed 131 people, making it the largest loss of life on any U.S. combat ship during the war.
As Iran war nears key 60-day deadline, Congress and Trump face choices
The War Powers Resolution sets deadlines for the president to end hostilities without congressional approval.
Entertainment
More Entertainment
David Allan Coe, singer who wrote "Take This Job and Shove It," dies at 86
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
New details in case against singer D4vd
Musician D4vd was in a Los Angeles court on Wednesday as prosecutors laid out a timeline and highlighted new details in their case against him in the murder of Celeste Rivas Hernandez. The singer has pleaded not guilty to the charges. Warning, the details in this story are disturbing.
Wilmer Valderrama on his 200th "NCIS" episode
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Reshaping the conversation about aging
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.
FCC orders review of ABC broadcast licenses
The FCC has ordered an early review of the broadcast licenses for eight local stations owned by ABC. The move comes after President Trump and first lady Melania Trump demanded ABC fire late-night host Jimmy Kimmel. Ed O'Keefe reports.
Technology
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Technology
Tech companies post earnings amid bubble concerns
Four of the biggest tech companies reported earnings after the closing bell on Wednesday. Adam Levine, senior tech writer for Barron's, joins CBS News to discuss.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
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.
Comparing popular smartwatches right now
Smartwatches can measure everything from heart rate to step count, but which features are most accurate and are worth using? Vanessa Hand Orellana, CNET's lead wearable tech reporter, joins CBS News to discuss.
Musk testifies for 2nd day in OpenAI trial
Elon Musk testified for a second day on Wednesday in a trial that's pitting two tech titans against each other. Paresh Dave, senior writer at Wired, joins CBS News to discuss.
Science
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Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
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Crime
Officials release apparent Cole Allen photos
Cole Allen apparently took a selfie while armed, minutes before the White House Correspondents' Dinner shooting in Washington, D.C., on Saturday night. CBS News' Katrina Kaufman and Sam Vinograd have more.
New memo detail Cole Allen's movements
A memorandum filed in federal court on Wednesday includes details about Cole Allen's movements before his encounter with U.S. Secret Service officers at the White House Correspondents' Dinner on Saturday. CBS News' Anna Schecter reports.
New Orleans sheriff indicted after investigation into escape of 10 inmates
Orleans Parish Sheriff Susan Hutson was indicted on 30 felony counts after a probe into one of the largest jailbreaks in U.S. history, which occurred under her watch.
New details on D.C. press dinner shooting
The Justice Department released a photo allegedly showing the suspect in the White House Correspondents' Dinner shooting, roughly 30 minutes before he rushed past security at the event. CBS News' Sam Vinograd has more.
Prosecutors allege D4vd killed teen to silence her
Prosecutors on Wednesday alleged singer D4vd killed Celeste Rivas Hernandez to silence her "before she ruined his music career." CBS News Los Angeles reporter Hunter Sowards has the latest.
Space
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SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
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.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
High hopes for pancreatic cancer therapies
A new pancreatic cancer treatment is showing good signs of longer life expectancies. Dr. Deirdre Cohen joins with more details.
Coast Guard chief on shutdown's impacts
Coast Guard Commandant Adm. Kevin Lunday says guardsmen are going into debt to follow orders amid a partial government shutdown that he says is putting the military branch in a critical position. CBS News' Nicole Sganga reports.
Latest news on London stabbing attack
Two Jewish men were stabbed in London in what officials are calling a terrorist incident. CBS News' Inaya Folarin Iman reports.
Lawmakers grill Hegseth about the Iran war
Lawmakers are pressing Pentagon officials about the Iran war during hearings on Capitol Hill. CBS News' Nikole Killion reports.
Trump calls U.S. blockade "genius"
President Trump still has faith in the U.S. blockade near the Strait of Hormuz despite tensions in the region impacting global oil and gas prices. CBS News' Taurean Small and Ramy Inocencio report.