Federal Reserve expected to hike interest
The Federal Reserve is expected to hike interest rates for the fourth time since March in an effort to curb inflation and avoid a recession. Kris Van Cleave reports.
Economy
U.S. economy shrank in second quarter
Aditya Bhave, senior U.S. and global economist at Bank of America, joined CBS News' Jericka Duncan and Vladimir Duthiers to discuss the latest GPD report from the U.S. Commerce Department, which shows the economy shrank 0.9% in the second quarter of 2022.
North Korea threatens to use nukes in potential conflicts with U.S., S. Korea
Experts say Pyongyang will likely intensify its threats against the Washington and Seoul as the allies prepare to expand summertime military exercises.
Fed raises interest rates again
For the fourth time this year, the Federal Reserve has raised its benchmark interest rate in a bid to slow record-high inflation. Megan Cassella, a reporter for Barron's, joined CBS News' Lana Zak to discuss.
Federal Reserve announces interest rate hike
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
Fed hikes interest rates amid recession fears
The Federal Reserve made another move to try and tamp down rising prices by raising interest rates by 3/4 of a percentage point, the fourth hike this year. Kris Van Cleave shares the latest.
Federal Reserve hikes key interest rate by another 75 basis points
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Federal Reserve to hike interest rates
Economists and investors are bracing for another aggressive rate hike from the Federal Reserve today. The expected move would mark the fourth rate increase this year. Frances Stacy, the director of portfolio strategy for Optimal Capital, joins CBS News' Tanya Rivero and Christina Ruffini to discuss the central bank's upcoming meeting and its significance.
Stocks rise after Fed announces second consecutive 0.75% hike
Strong financial results from Alphabet, Boeing and other corporate bellwethers helped lift investors' mood.
Facebook parent Meta posts first revenue drop in company's history
"Questions about Meta's leadership" contributed to the decline, said Raj Shah, a managing partner at Publicis Sapient.
Federal Reserve preps rate hike announcement
In an effort to curb inflation, officials at the Federal Reserve are looking to hike interest rates. Finance correspondent for Insider Aaron Wineman joins CBS News Mornings with what that could mean for American's wallets.
U.S. stocks tumble over fears of another Fed rate hike
Investors and economists are bracing for another possible interest rate hike as the Federal Reserve is set to meet this week. Dion Rabouin, a reporter for the Wall Street Journal, joins CBS News to discuss what another hike could mean for the U.S. economy.
Consumer confidence index falls again
The Conference Board's consumer confidence index fell for the third straight month in July as inflation and interest rate hikes discourage spending. Steve Odland, president and CEO of The Conference Board, speaks with CBS News' Tanya Rivero and Lana Zak about why consumers are worried.
White House braces for economic indicators
Major financial reports are due out this week that are expected to give an idea of the direction the U.S. economy is headed, as President Biden continues to recover from his COVID-19 infection. CBS News chief White House correspondent Nancy Cordes spoke with Vladimir Duthiers and Jericka Duncan about when the president could come out of isolation and what to expect on the economic front.
Stocks sink after weak profit report from Walmart
Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.
Biden's COVID-19 symptoms almost gone, doctor says
President Biden's COVID-19 symptoms have almost completely gone away, his doctor said. CBS News political correspondent Caitlin Huey-Burns joins CBS News' Lana Zak to discuss Biden's condition, plus the White House's response to monkeypox, the upcoming GDP numbers and the semiconductor chips bill.
7/25: CBS News Mornings
Oak Fire grows in California, forcing thousand to evacuate near Yosemite; Pope Francis will meet with Indigenous groups in Canada and apologize for abuse at schools
Americans cash in on strong dollar in Europe: "Now is the best time to come"
The U.S. dollar is now the strongest it's been against the euro for two decades — now $1 just about equals 1 euro.
Unemployment applications reach 8-month high
The U.S. Labor Department's weekly jobs report showed 251,000 Americans filed for jobless benefits in the week ending July 16, marking the highest level in eight months. It raises concerns about a possible recession. Colby Smith, U.S. economics editor for the Financial Times, breaks down what this could mean.
U.S. jobless claim rise in mid-July
The Department of Labor's weekly unemployment report shows there were 251,000 first time applications filed in the week ending July 16. Senior economic analyst and Washington bureau chief at Bankrate.com, Mark Hamrick, joined CBS News' Anne-Marie Green and Vladimir Duthiers with more on what this means for our economy.
Americans filing jobless claims at highest level in 8 months
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
MoneyWatch: Existing home sales fell in June
As mortgage rates rise, the number of homes being sold is dropping. Existing home sales fell 5.4% in June. But housing prices are still still rising and reaching historic levels. Jessica Lautz, vice president of demographics and behavioral insight at the National Association of REALTORS, joins CBS News to discuss the latest housing report.
Sri Lanka lawmakers elect new president
Sri Lanka votes in six-time Prime Minister Ranil Wickremesinghe as president after its former leader fled the country and resigned by email amid the worst economic crisis in the country's history. But the protesters blame the government for the country's financial woes and the election of a former so-called "holdout" from the government comes with some controversy.
7/20: CBS News Mornings
Dangerous heat wave hits U.S. and Europe; Package sizes for products get smaller as companies react to inflation
Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
3 police officers killed, 2 wounded in York County, Pennsylvania, shooting; suspect dead
Three police officers were fatally shot and two others were wounded in a shooting Wednesday.
Exclusive
Suspect arrested for allegedly making threat against Utah college where Kirk was killed
On the same day that Tyler Robinson was formally charged with killing Charlie Kirk at a Utah university, a suspect was taken into custody for allegedly making threats against the same college.
ABC pre-empts "Jimmy Kimmel Live!" over Kimmel's Charlie Kirk comments
ABC's announcement came after media giant Nexstar announced in a news release that it would preempt Kimmel's show indefinitely on all its stations over Jimmy Kimmel's remarks.
Pentagon reviewing service members' social media posts on Charlie Kirk
Hegseth and each service secretary said posts mocking or celebrating the assassination of Charlie Kirk are unacceptable.
Florida executes man for 1990 triple murder, marking state's 12th execution this year
A Florida man convicted of killing his estranged wife's sister and parents and setting their house on fire was put to death Wednesday.
Maps show the forecast track of Tropical Storm Gabrielle
Tropical Storm Gabrielle formed Wednesday morning over the central Atlantic Ocean, becoming the seventh named storm of the 2025 Atlantic hurricane season.
Ousted CDC Director Susan Monarez testifies about RFK Jr., vaccines
Former CDC Director Susan Monarez and Chief Medical Officer Debra Houry testified before a Senate panel weeks after departing in a dramatic shakeup at the health agency.
Bear seriously injures hiker in "surprise encounter" at Yellowstone
The 29-year-old man suffered injuries to his chest and arm in Tuesday's attack on the Turbid Lake Trail northeast of Yellowstone Lake.
The IRS will soon set its 2026 tax brackets. See how yours could change.
The IRS adjusts its tax provisions for inflation every year, which can help taxpayers avoid so-called "bracket creep."