Why the Fed cut interest rates again
The Federal Reserve on Wednesday cut interest rates for the second consecutive time despite inflation remaining above its target rate. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Jerome Powell
Powell suggests Fed may not make December cut
The Dow Jones dipped on Wednesday after Federal Reserve Chair Jerome Powell suggested the central bank may not cut interest rates again in 2025. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed announces another interest rate cut
The Federal Reserve announced Wednesday that it will lower its benchmark interest rate by 0.25 percentage points in its second straight cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
What to expect from fed rate cut
The Federal Reserve is expected to make a quarter-point interest rate cut on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Fed expected to cut interest rates
The Federal Reserve is expected to cut interest rates on Wednesday by a quarter point. Kristin Myers, ETF editor in chief for Asset TV, joins with more.
Fed Chair Jerome Powell says a hiring slowdown poses U.S. economic risks
Jerome Powell said the labor market's outlook hasn't changed much since the central bank's September meeting, when it penciled in two more rate cuts this year.
Stocks slump after Trump threatens to hit China with more tariffs
Financial markets slumped Friday after President Trump threatened to raise tariffs on China over a dispute involving rare earths.
Federal Reserve officials remain cautious on future rate cuts
Minutes from September Fed meeting reveal a divide between members who support additional rate cuts and those worried about inflation.
How significant is the Fed's latest rate cut?
The Federal Reserve cut rates for the first time in nine months Wednesday by a quarter point. The decision came as recent employment data showed the U.S. job market might be losing steam. Fed Chair Jerome Powell said there could be even more rate cuts coming later this year. CBS News senior business and technology correspondent Jo Ling Kent reports.
Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Fed cuts interest rates 0.25 percentage points
The Federal Reserve announced that it lowered interest rates by 0.25 percentage points, its first rate cut since December 2024. CBS News MoneyWatch correspondent Kelly O'Grady and White House correspondent Ed O'Keefe have more.
Fed to announce interest rate decision
The Federal Reserve is set to announce its latest interest rate decision as economists expect the first cut since 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more on what to expect.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Fed meeting begins amid push for rate cuts
The Federal Reserve begins its two-day meeting on Tuesday amid renewed pressure from President Trump to cut interest rates. Madison Mills, a senior markets reporter for Axios, joins with more.
Economists' top 3 takeaways from the dismal August jobs report
Employers added far fewer jobs last month than economists had predicted, prompting some experts to reassess the economy.
7/27: Face the Nation
This week on "Face the Nation with Margaret Brennan," director of the U.S. Office of Management and Budget, Russell Vought, joins to discuss President Trump’s trip to a Federal Reserve facility with Fed Chair Jerome Powell ahead of his departure for Scotland. Meanwhile, The Ohio State University President Ted Carter joins to explain how he’s handling a new era of higher education amid the Trump administration’s push to assert control over private and public institutions across the U.S.
Biggest takeaways from the government's latest inflation data
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
Kyla Scanlon on Trump move to fire Fed governor
Economic commentator and New York Times bestselling author Kyla Scanlon joins CBS News to discuss President Trump's plan to fire Federal Reserve Governor Lisa Cook and Nvidia's upcoming earnings report.
Lisa Cook to Trump: "I will not resign"
An epic legal fight is brewing between President Trump and the Federal Reserve after he moved to fire board governor Lisa Cook. CBS News White House reporter Aaron Navarro has the latest. Then, Abha Bhattarai, economics correspondent for The Washington Post, and Tom Dupree, former deputy assistant attorney general, join with analysis.
Trump move to fire Fed governor: What we know
President Trump announced his firing of Federal Reserve Governor Lisa Cook on Monday following months of public attacks against the central bank. Cook and her attorney responded Tuesday saying the president has no legal basis for the move and that they plan to file a lawsuit challenging the firing. CBS News' Olivia Rinaldi and Jo Ling Kent have more.
The Fed's Powell is worried about the job market. Here are 3 red flags.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Fed Chair Powell teases lower interest rates
Federal Reserve Chair Jerome Powell signaled Friday that he may lower interest rates. The announcement comes after months of pressure from the Trump administration.
Stocks skyrocket after Powell speech
Federal Reserve Chair Jerome Powell gave a speech that sent all three stock indexes soaring. Traders excavated clues of an interest rate coming. Archie Hall, U.S. economics editor for The Economist, joins "The Takeout" to discuss.
Dow surges more than 800 points after Fed's Powell hints at rate cut
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
Dow Jones soars over 800 points
Investors reacted to a major speech from Federal Reserve Chair Jerome Powell, offering his strongest indication yet that interest rates may be coming. Paul La Monica, senior market analysis writer for Barron's, joins CBS News to discuss.
Trump responds to "traitor" Marjorie Taylor Greene after "60 Minutes" interview
President Trump said Georgia Republican Rep. Marjorie Taylor Greene is "not AMERICA FIRST or MAGA" and also attacked "60 Minutes" and Paramount in a social media post.
Trump walks back support for releasing video of second boat strike
Over the weekend, Defense Secretary Pete Hegseth declined to commit to releasing video of a September boat strike operation.
Alina Habba resigns from U.S. attorney's office after court ruling
Alina Habba served as a personal lawyer to President Trump before she was tapped to temporarily serve as U.S. attorney in New Jersey.
Trump says he's letting Nvidia sell advanced chips to China
President Trump said the U.S. will take a 25% cut of sales of advanced Nvidia chips to China.
Defense bill would limit Pentagon travel funds until boat strike footage released
The provision was tucked into the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six decades.
Fired FBI agents file lawsuit against Patel, Bondi, FBI and DOJ
Ex-FBI agents are trying to get their jobs back, claiming they were fired during Trump's second term for their efforts in 2020 to head off a riot in the wake of the killing of George Floyd.
White House announces $12 billion aid package for U.S. farmers
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy Warner Bros. in a deal valued at $82.7 billion.
Golden Globe nominations announced for 2026. See the list.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
U.S.
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Millions have reported domestic violence. Experts say we need to talk about it more.
According to the FBI, domestic homicides more than doubled between 2019 and 2024, increasing from 1,065 to 2,339. The latest data has experts worried.
Passenger who died on cruise ship was served 33 drinks, lawsuit claims
Royal Caribbean crew members "negligently" over-served 35-year-old Michael Virgil "in a matter of hours" while he exhibited obvious signs of intoxication, the lawsuit alleges.
Trump walks back support for releasing video of second boat strike
Over the weekend, Defense Secretary Pete Hegseth declined to commit to releasing video of a September boat strike operation.
More than 75% of homes across the U.S. are unaffordable, study finds
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
Fired FBI agents file lawsuit against Patel, Bondi, FBI and DOJ
Ex-FBI agents are trying to get their jobs back, claiming they were fired during Trump's second term for their efforts in 2020 to head off a riot in the wake of the killing of George Floyd.
MoneyWatch
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Trump says he's letting Nvidia sell advanced chips to China
President Trump said the U.S. will take a 25% cut of sales of advanced Nvidia chips to China.
More than 75% of homes across the U.S. are unaffordable, study finds
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
What to expect when the Fed announces next interest rate move this week
The Federal Reserve's last meeting of 2025 will determine whether borrowers get more relief on interest rates.
Trump announces $12 billion aid package for U.S. farmers
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Politics
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Trump says he's letting Nvidia sell advanced chips to China
President Trump said the U.S. will take a 25% cut of sales of advanced Nvidia chips to China.
Trump walks back support for releasing video of second boat strike
Over the weekend, Defense Secretary Pete Hegseth declined to commit to releasing video of a September boat strike operation.
Lawmaker asks what happened to probe into for-profit dialysis industry
Two companies dominate U.S. dialysis services, and a CBS News review of federal data found one-third of dialysis clinics failed to meet federal standards this year.
Defense bill would limit Pentagon travel funds until boat strike footage released
The provision was tucked into the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six decades.
Fired FBI agents file lawsuit against Patel, Bondi, FBI and DOJ
Ex-FBI agents are trying to get their jobs back, claiming they were fired during Trump's second term for their efforts in 2020 to head off a riot in the wake of the killing of George Floyd.
HealthWatch
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Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Details on CDC Hepatitis B vaccine decision
The Centers for Disease Control and Prevention's vaccine advisory panel on Friday voted to not recommend the Hepatitis B vaccine for everyone at birth, alarming many in the medical community. CBS News medical contributor Dr. Celine Gounder explains what to know about the decision and its potential impact.
Controversial appointee rocks FDA like "an atom bomb," scientists there say
The Trump administration's elevation of Dr. Tracy Beth Høeg to lead a high-profile office within the Food and Drug Administration is raising alarm among multiple senior FDA officials.
California warns against foraging mushrooms after cluster of poisonings, 1 death
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
Artist who fought for diagnosis turns incurable cancer journey into art
Nardiz Cooke was immediately transfixed by the mask she wore while receiving treatment for late-stage cancer.
World
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Trump says he's letting Nvidia sell advanced chips to China
President Trump said the U.S. will take a 25% cut of sales of advanced Nvidia chips to China.
Defense bill would limit Pentagon travel funds until boat strike footage released
The provision was tucked into the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six decades.
8 Matisse artworks stolen from library in São Paulo, Brazilian officials say
One of two suspects has been arrested in the theft of eight artworks by Matisse, as well as five pieces by Brazilian modernist painter Candido Portinari.
Wreck of 2,000-year-old pleasure boat discovered off Egypt's coast
Underwater archaeologists announced they had discovered the ancient wreck of an ancient Egyptian pleasure boat off the coast of Alexandria.
4 dead, 1 missing after wave drags swimmers out to sea at Spain tourist spot
A powerful wave dragged a group of swimmers at a popular seawater pool along the coast of the Spanish island of Tenerife. At least four people have died and one is missing.
Entertainment
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Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Golden Globe nominations announced for 2026. See the full list.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
Golden Globe nominees announced
"CBS Mornings" reveals the nominees for some of the Golden Globe Awards' biggest categories. Plus, Fandango managing editor Erik Davis breaks down the nominations.
Trump hosts Kennedy Center Honors, a first for a president
President Trump hosted the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Book excerpt: "The Colonel and the King" by Peter Guralnick
Elvis Presley biographer Peter Guralnick's latest book traces the relationship between the King and Colonel Tom Parker, a manager whose marketing savvy helped launch a rock 'n' roll revolution.
Technology
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Technology
At least 6 families sue Character.AI
At least six American families are suing Character.AI, its co-founders and Google over the role its chatbot allegedly played in encouraging their children to take their own lives. Ian Krietzberg, AI correspondent for Puck News, joined CBS News to discuss.
Waymo fallout amid school bus safety issues
Waymo, the ride-hailing service, says it is planning a voluntary software recall to fix a glitch after reports its self-driving cars don't stop for school buses. The company has already tried to fix the issue, but police in Texas said it didn't work. Kris Van Cleave reports.
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.
2025 holiday gift ideas from Techno Claus
Who dresses as St. Nick and speaks an odd brogue? Why, it's Techno Claus, a.k.a. David Pogue! He offers "Sunday Morning" viewers his valuable tips for the gadget lovers on your gift-giving list.
There's a new face in Hollywood, generated by AI
Tilly Norwood is unlike any other aspiring TV or movie star: Tilly is entirely generated by artificial intelligence. What might that mean for the media industry?
Science
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
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Millions have reported domestic violence. Experts say we need to talk about it more.
According to the FBI, domestic homicides more than doubled between 2019 and 2024, increasing from 1,065 to 2,339. The latest data has experts worried.
Luigi Mangione in court for pretrial hearing
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson in December 2024, returned to court Monday for a pretrial hearing. CBS News legal contributor Caroline Polisi joins with analysis.
New evidence revealed in Mangione hearing
Luigi Mangione, charged with murdering UnitedHealthcare CEO Brian Thompson last year in New York City, was back in court Monday as his defense attorneys try to have certain evidence withheld from his upcoming state trial. CBS News legal reporter Katrina Kaufman has more.
8 Matisse artworks stolen from library in São Paulo, Brazilian officials say
One of two suspects has been arrested in the theft of eight artworks by Matisse, as well as five pieces by Brazilian modernist painter Candido Portinari.
Drawing attention to domestic violence
It's one of the most common violent crimes in America, but many experts say we don't talk about it enough. Domestic violence is behind the majority of shootings where women are injured or killed. The head of our CBS News Crime and Public Safety Unit, Anna Schecter, takes a closer look at the issue.
Space
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Latest CBS News Videos
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Latest CBS News Videos
What Mangione's defense is fighting to exclude
Luigi Mangione, charged with murdering UnitedHealthcare CEO Brian Thompson last year in New York City, was back in court as his lawyers fight to have certain evidence withheld from his upcoming state trial. Lilia Luciano reports.
Center braces for "tsunami of need" amid cold snap
A fresh blanket of snow and a blast of cold weather gripped the Midwest and parts of the South, with colder-than-normal temperatures felt from Minnesota to Maine. Lana Zak reports and Lonnie Quinn has the forecast.
Marjorie Taylor Greene discusses Trump falling out
Following Marjorie Taylor Greene's interview on "60 Minutes," President Trump lashed at her in a social media post, calling her a traitor -- and more. Nancy Cordes reports on the escalating war of words.
Nominees announced for 2026 Golden Globes
"One Battle After Another," starring Leonardo DiCaprio, is leading the 2026 Golden Globes nominations with a whopping nine nods. Variety executive editor Brent Lang joins with his reaction to this year's nominations.
Details on Paramount's bid for Warner Bros.
Paramount Skydance, the parent company of CBS News, has launched a $108 billion hostile bid for Warner Bros. Discovery just days after WBD said it had agreed to a nearly $83 billion deal with Netflix. Fortune business editor Nick Lichtenberg joins with analysis.