Federal Reserve hikes its key interest rate a quarter point
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Jerome Powell
Fed raises interest rates a quarter point
The Federal Reserve raised interest rates by one quarter of a percentage point at its meeting today. CBS News political correspondent Caitlin Huey-Burns, CBS News contributor and managing editor for business and markets for Axios Javier David, and host of "TheStreet" J.D. Durkin joins us with more on the impact and the reaction.
What to expect from today's Fed meeting
The Federal Reserve will decide whether it needs to boost interest rates again at a meeting Wednesday. Inflation still remains high, but the nation's recent banking crisis is causing concern over how the Fed should respond. CBS News senior White House and political correspondent Ed O'Keefe has more, and then Ann Berry, the founder of Threadneedle Strategies, joins CBS News to discuss the next steps for the Fed.
Silicon Valley Bank leaders "failed badly," Fed Chair Powell says
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Fed set to make pivotal decision on rates
The Federal Reserve is widely expected to raise interest rates for ninth time in roughly the span of a year today. CBS News reporter Sarah Ewall-Wice joins Errol Barnett and Lana Zak to discuss what analysts are anticipating and the significance of the central bank's forthcoming decision.
Interest rate decision expected from Fed
The Federal Reserve is expected to announce its latest decision on interest rates Wednesday afternoon. CBS News reporter Sarah Ewall-Wice joins "CBS News Mornings" to explain how the banking crisis is playing into the decision and what makes it different from the 2008 financial crisis.
Stocks close higher ahead of Fed decision
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
White House tries to ease banking fears
The Federal Reserve is expected to announce another round of interest rate hikes while simultaneously dealing with a major banking crisis. Ed O'Keefe joins "CBS News Mornings" to explain how the White House is trying to ease concerns.
Investors are panicked over banks. Will the Fed make things worse?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
Banking instability sparks U.S. recession fears
The Dow Jones fell sharply Wednesday after shares in Swiss bank Credit Suisse hit a record low. Host of "The Street" J.D. Durkin spoke with CBS News about recent trends in the marketplace and how they could impact federal economic action.
How Washington came to rescue U.S. banks
After a frenetic weekend, policymakers took the audacious step of guaranteeing all deposits of the failed Silicon Valley Bank.
Prices were up in February, new data shows
The consumer price index rose 0.4% in February and 6% year-over-year, showing signs that inflation is easing year over year. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Nikki Battiste to discuss the latest numbers, moves the federal government made to avoid a banking crisis and a potential interest rate hike.
Investors react to Silicon Valley Bank collapse
The stock market closed relatively flat a day after the federal government took action to ensure that Silicon Valley Bank's customers would not lose their deposits in the bank's collapse. CBS News business analyst Jill Schlesinger joined Elaine Quijano to discuss how the action will impact investors and consumers going forward.
Fed chair sees higher interest rates coming
Federal Reserve Chairman Jerome Powell testified to the Senate Banking Committee Tuesday that interest rates could rise higher and faster than anticipated in an effort to fight inflation. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBS News' John Dickerson to discuss the comments, plus a new corporate trend that's convincing consumers to spend more on similar products.
Stocks fall over interest rate hike fears
Stocks slumped Tuesday after Federal Reserve chair Jerome Powell indicated there will be more interest rate hikes in response to ongoing inflationary pressure.
Fed chair: Rates "likely to be higher"
Federal Reserve Chair Jerome Powell said interest rates could climb higher than what experts had first predicted. He testified on Capitol Hill on Tuesday as inflation remains stubbornly high. CBS News reporter Sarah Ewall-Wice discussed Powell's latest comments on possible rate hikes and on the looming debt ceiling crisis.
U.S. consumers undeterred by inflation, report shows
Although U.S. inflation continues to remain high, it's not stopping Americans from spending on everything from everyday essentials to pricey vacations. A Commerce Department report released Friday found that consumer spending rose 1.8% in January. Michael George has the details.
Fed notes released on quarter-point hike
The stock market stayed relatively flat Wednesday following the release of the Federal Reserve's minutes prior to its last interest rate hike. CapWealth chief investment officer Tim Pagliara joined CBS News to discuss.
Dow Jones plummets after inflation report
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
More companies to report Q4 earnings
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Parties clash on debt limit ahead of address
Prominent Democrats and Republicans on both sides of the aisle are clashing on how to raise the debt ceiling. CBS News reporter Sarah Ewall-Wice discusses how politicians and the public view the debt ceiling.
Federal Reserve hikes interest rates 0.25 percentage point
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Stocks rise after Fed acknowledges "disinflationary process"
"We will need substantially more evidence to be confident that inflation is on ... downward path," said Fed Chair Jerome Powell
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another interest rate hike today, but the increase is expected to be lower than previous hikes that began in March 2022. Fed Chairman Jerome Powell will address the media this afternoon. CBS News reporter Sarah Ewall-Wice joins us to discuss the significance.
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U.S. service members in Kuwait suffered brain trauma, burns, shrapnel wounds
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Epstein's longtime accountant testifying before House committee today
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Trump told FIFA Iran is welcome to play in World Cup in U.S., officials say
President Trump told FIFA representatives Tuesday that Iran is welcome to play in the World Cup tournament in the United States, officials told CBS News.
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DOJ's Alex Pretti probe excludes prosecutors who specialize in civil rights, sources say
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Global Entry program restored as DHS shutdown continues
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Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
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Video appears to show NYC bomb suspect purchasing fuse at fireworks store
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Latino Texans fueled Democratic primary turnout. What does it mean for midterms?
Latino voters helped propel record turnout in last week's Texas Democratic primary, a trend Democrats are watching closely as they try to reclaim ground with the group and pull off an upset win in the red-leaning state's Senate contest.
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Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
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First grizzly of 2026 spotted at Yellowstone, feeding on bison carcass
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Inflation held steady in February before Iran war drove up gas prices
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Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
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Inflation held steady in February before Iran war drove up gas prices
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Can the president bring down gas prices? 5 options available to Trump.
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Oil prices are falling — gas prices aren't. Here's why.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
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U.S. service members in Kuwait suffered brain trauma, burns, shrapnel wounds
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Global Entry program restored as DHS shutdown continues
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Trump told FIFA Iran is welcome to play in World Cup in U.S., officials say
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Latino Texans fueled Democratic primary turnout. What does it mean for midterms?
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Epstein's longtime accountant testifying before House committee today
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More kids are in ERs for tooth pain. Budget cuts and fluoride fights aren't helping.
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Baby sleepsuit sold at Walmart recalled over potential choking hazard
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Video appears to show bomb suspect purchasing fuse at fireworks store
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No harmful substances in NYC suspicious package
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Shots fired at U.S. consulate in Toronto
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Suspicious package near NYC mayor's residence
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1,300-pound NASA satellite to crash on Earth
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NASA announces major overhaul of Artemis moon program "to take down risk"
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