Stocks tumble on Wall Street as Fed escalates inflation fight
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
Jerome Powell
Fed hikes key interest rate another 0.75 percentage point
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
Fed expected to raise interest rates again
The Federal Reserve is expected to raise interest rates for a fifth time Wednesday as part of ongoing efforts to curb inflation. Thomas Hogan, a senior fellow at the American Institute for Economic Research, joined CBS News to discuss the immediate and long-term impacts of the increase.
Stocks in flux ahead of Fed meeting
The Federal Reserve has twp-day meeting starting Tuesday and economists are preparing for another interest rate hike to come out of it. Saira Malik, chief investment officer of Nuveen, joins CBS News at the closing bell to discuss what is driving the market.
Stocks plummet after August inflation report
Stocks dropped after the latest Consumer Price Index report showed U.S. inflation remains high. The Dow tumbled nearly 1,300 points Tuesday for the worst day since June 2020. Wall Street Journal reporter Dion Rabouin joins CBS News to discuss the market reaction.
Fed chair signals another rate hike could be coming
Robert C. Hockett, a law professor at Cornell University, joined CBS News to discuss how another interest rate hike could impact the economy. This comes after Federal Reserve Chairman Jerome Powell hinted this week that yet another hike could be coming. Hockett also evaluates the importance of the strong labor market amid high inflation.
Mortgage rates hit 5.89% — highest level since housing crash
Borrowing costs for a conventional home loan have more than doubled over the last year.
Expert: Stocks slide over interest-rate fears
Wall Street is reacting to the August jobs report, which said employers added 315,000 jobs last month. Dan Roccato, a finance professor at the University of San Diego, joined Michael George to discuss how the jobs report may affect the Fed's upcoming decision on interest rates.
U.S. stocks end lower for 3rd straight week, despite jobs numbers
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
U.S. stocks slump as investors continue to fret over Fed plans
Markets have been roiled since Fed chair's speech Friday reaffirming central bank's aggressive plans to cool inflation.
Job openings rose in July after 3 months of declines
Rate of workers quitting fell, and layoffs stayed near record low — showing employers are urgently seeking workers.
White House adviser weighs in on inflation fears
Federal reserve chair Jerome Powell has warned there will be "some pain" for Americans in the fight to reduce inflation. Gene Sperling, senior adviser to the president, joins CBS News' John Dickerson to discuss the state of the economy.
Markets cautious after Fed chair's remarks
Investors remain hesitant after Federal Reserve Chair Jerome Powell's Friday remarks on inflation triggered a massive sell-off. CBS News' Tanya Rivero speaks with Joe Saluzzi, partner and co-founder at Themis Trading, about how the markets are reacting.
Stocks close lower, adding to Friday's steep losses
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
Stock market drops after Fed chair's speech
The Dow Jones Industrial Average fell more than 1,000 points Friday after Federal Reserve Chair Jerome Powell said the Fed will continue raising interest rates to tame inflation. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News' Catherine Herridge to discuss.
Fed chair’s remarks trigger market sell-off
Federal Reserve Chair Jerome Powell’s remarks on inflation triggered a massive sell-off on Wall Street. Melissa Armo, owner and founder of The Stock Swoosh, breaks down why investors aren’t thrilled with the Fed chair’s comments on a possible interest rate hike.
Stocks fall amid fears of rate hikes
Wall Street ended the week with its worst day in months. The Dow Jones fell more than 1,000 points with all three major indexes off more than 3%. Nikki Battiste reports.
Powell warns fighting inflation could bring “pain”
Federal Reserve Chair Jerome Powell signaled the Fed will likely continue raising interest rates to combat inflation. Yahoo Finance columnist Rick Newman reacts to Powell’s comments and explains how investors will likely react.
Stocks crumble after Fed dashes hopes for easing up on rates
S&P 500 suffered its biggest drop in two months after Fed chair Jerome Powell said rates will remain high "for some time."
Powell says Fed could keep lifting rates "for some time"
While higher borrowing costs will hurt, failure to ease inflation "would mean far greater pain," Federal Reserve chief says.
Assessing the state of the U.S. economy
The Bureau of Economic Analysis reports the GDP fell 0.6% during the second quarter. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss the decline and a highly anticipated speech by Fed Chairman Jerome Powell at the Kansas City Federal Reserve's Economic Policy Symposium.
Latest GDP figure eases concern about imminent U.S. recession
New government data shows economic growth shrank at a 0.6% annual rate in the second quarter — less than initially thought.
Stocks fall sharply amid renewed inflation fears
S&P 500 suffers its biggest drop since June as investors fret over the Fed's effort to tame inflation.
Fed saw evidence of a slowing economy at its last meeting
Despite sputtering U.S. economic growth, Federal Reserve hiked interest rates to ease "unacceptably high" inflation.
Markets react to July jobs report
July's jobs report surpassed many economists' expectations despite concerns of inflation. Frances Stacy, director of portfolio Ssrategy at Optimal Capital, joins CBS News to break down how the markets reacted to the latest employment figures.
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Iran lashes out with missiles as Israel says war still intensifying
Iran retaliates for Israel's latest assassinations as Trump and Netanyahu give no indication the war is about to let up, 19 days in.
Markwayne Mullin confirmation hearing set for today
President Trump announced Sen. Markwayne Mullin as his pick to replace embattled DHS Secretary Kristi Noem.
Top intelligence officials to testify to Senate panel as Iran war escalates
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Official warns some airports could shut down if TSA sick calls climb
Acting deputy TSA administrator Adam Stahl says the situation will get worse the longer the agency and the Department of Homeland Security don't receive funding.
Trump's judicial confirmations show signs of slowing compared to first-term boom
President Trump is likely to make less of an impact on the federal bench in his second term because of fewer vacancies, a slower pace of retirements and the potential for Democrats to regain control of the Senate in November.
Illinois Lt. Gov. Juliana Stratton projected to win Democratic Senate primary
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Senate begins marathon debate on SAVE America Act under pressure from Trump
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As Trump floats "taking Cuba," island's president warns of "resistance"
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WNBA, players' union reach agreement in principle on new pact
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
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Official warns some airports could shut down if TSA sick calls climb
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Trump's judicial confirmations show signs of slowing compared to first-term boom
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Top intelligence officials to testify to Senate panel as Iran war escalates
The Trump administration's spy chiefs will testify before the Senate Intelligence Committee on national security threats facing the U.S.
Venezuela defeats U.S. 3-2 for its first World Baseball Classic title
With the game tied going into the 9th, Eugenio Suárez smacked a double into left-center field to score pinch runner Javier Sonoja for what would prove to be the winning run.
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Markwayne Mullin confirmation hearing set for today
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Trump's judicial confirmations show signs of slowing compared to first-term boom
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Top intelligence officials to testify to Senate panel as Iran war escalates
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Iran lashes out with missiles as Israel says war still intensifying
Iran retaliates for Israel's latest assassinations as Trump and Netanyahu give no indication the war is about to let up, 19 days in.
Top intelligence officials to testify to Senate panel as Iran war escalates
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Venezuela defeats U.S. 3-2 for its first World Baseball Classic title
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