Managing your checking account
CBS MoneyWatch reporter Megan Cerullo joins CBS News to share tips for managing checking accounts as interest rates rise.
Economy
High interest rates hinder home buyers
The Federal Reserve raised interest rates again as it tries to ease inflation. Tanya Rivero takes a look at what it means for the housing market.
Biden says U.S. is "all in on Africa's future"
President Biden on Wednesday announced a series of economic and investment initiatives in a speech at the U.S.-Africa Leaders Summit. The goal is to expand free trade opportunities across the continent, while also countering Russia and China's influence. Michelle Gavin, senior fellow on Africa policy studies at the Council on Foreign Relations, joined CBS News to discuss.
Janet Yellen on the Great Recession
In 2009, as head of the San Francisco Fed, Janet Yellen gave an impassioned speech to staff about the thousands of Americans losing jobs during the Great Recession.
Fed chair says rate cuts unlikely in 2023
The Federal Reserve boosted its benchmark interest rate by 0.5 percentage point, marking its seventh consecutive hike this year. David Wessel, the director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined John Dickerson to discuss the Fed's efforts to bring inflation down.
Inflation slows more than expected
Inflation slowed sharply in November, continuing a gradual decline since price hikes peaked across the U.S. this summer. Ed O'Keefe reports.
Stocks fall following latest rate hikes
The Federal Reserve raised interest rates by half a point Wednesday, and the Dow Jones Industrial Average index fell following the announcement before briefly spiking when Fed Chairman Jerome Powell said that he wouldn't rule out the prospect of a soft landing. J.D. Durkin, host of "TheStreet," joined CBS News to look back on the Fed's work in 2022 and discuss what Americans should expect in the coming year.
CPI report shows inflation slowing down
President Biden says the latest Consumer Price Index report is a sign that the country's economy is heading in the right direction. November's monthly index showed inflation is slowing, and the rate was not only lower than October's, but less than economists predicted. CBS News senior White House and political correspondent Ed O'Keefe has more on the administration's economic agenda and the celebratory plans for the signing of the Respect For Marriage Act into law.
Stocks soar on latest signs that inflation is slowing
Wall Street jumped after a government report showed U.S. inflation slowed more in November than analysts had expected.
Inflation cooled in November for fifth month
The annual inflation rate hit 7.1% in November, the fifth straight month that consumer prices cooled off. Lori Bettinger, president of BancAlliance, joins CBS News' Elaine Quijano and Lana Zak on how this could affect the Federal Reserve's announcement Wednesday on interest rates.
U.S. Inflation slightly cooling down
The Consumer Price Index rose 7.1% in November, down from 7.7% in October. The Federal Reserve is expected to announce another interest rate hike this week. CBS News reporter Sarah Ewall-Wice joins us with the latest on what this means for the economy.
Pace of U.S. wage growth slows
The pace of wage growth has shown signs of losing steam as investors look closely at the labor market and how it could affect the Federal Reserve's decision on interest rates. Erica Pandey, business reporter for Axios, joins CBS News' Lilia Luciano on why wages are rising at a slower rate.
Many taxpayers can expect smaller refunds
Many Americans should brace for smaller refunds next April, since several pandemic relief programs are set to expire. CBS MoneyWatch associate managing editor Aimee Picchi joins "CBS News Mornings" with the latest.
Feds expected to raise interest rates again
The Federal Reserve is set to meet this week to discuss another possible interest rate hike. The two-day meeting comes after Treasury Secretary Janet Yellen saying she predicts a significant reduction in inflation by the end of next year. Kristin Myers, the editor-in-chief at The Balance, joins CBS News to discuss.
Price increases slam holiday industries
Americans are expected to spend more to decorate and buy gifts for family and friends this holiday season. Scott MacFarlane reports that price increases are hitting the holiday industries, but people still want to spend this year to keep their traditions going.
ICYMI: A look back at Sunday's 60 Minutes
Janet Yellen on recession fears, inflation and the war in Ukraine; Families suing social media companies; Cape Town's College of Magic.
Janet Yellen: The 2022 60 Minutes Interview
The treasury secretary tells Norah O’Donnell how she thinks the economy will fare in the coming year and what her department is doing to end the war in Ukraine.
Jamie Dimon on Ukraine, China, homeownership and more
Jamie Dimon, the CEO of JPMorgan Chase, discusses the economic impact of Russia's war in Ukraine, China loosening its "zero COVID" policy, mortgage rates and more.
This week on "Face the Nation with Margaret Brennan," Dec. 11, 2022
J.P. Morgan Chase & Co. CEO Jamie Dimon, House Intelligence Committee Chairman Rep. Adam Schiff, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.
Wholesale prices rose in November
Wholesale prices rose 0.3% in November, despite efforts to cool inflation. The numbers could signal another interest rate hike by the Federal Reserve. Bob Elliot, the CEO and CIO of Unlimited, joins CBS News' Lana Zak and Tanya Rivero to discuss.
U.K. overhauls financial sector
The British government has announced an overhaul of financial regulations that were originally put in place following the 2008 financial crisis. And China eases its strict "zero-COVID" policies in an effort to bring down inflation. CBS News foreign correspondent Ramy Inocencio discusses with anchors Anne-Marie Green and Meg Oliver.
Analyzing inflation, stocks, cryptocurrency
According to the Bureau of Labor Statistics' Producer Price Index that was released today, the prices of wholesale goods in the U.S. rose 0.3% for the month of November. Meanwhile, investors are trying to remain optimistic about the stock market heading into 2023. CBS News contributor and Axios managing editor of business and markets Javier David joins us to discuss.
U.S. gas prices now lower than 1 year ago
Gas prices continue to fall and are now lower than they were one year ago. While plunging gas prices have provided some relief, Americans are still facing stubbornly high inflation. Kris Van Cleave takes a look.
Jamie Dimon warns of "mild recession"
JPMorgan Chase CEO Jamie Dimon spoke with "Face the Nation" moderator Margaret Brennan about the state of the economy and how geopolitical issues could play a role. He warned of a mild recession in 2023. Brennan joins CBS News' John Dickerson on "Prime Time" with more on the interview.
China's new COVID policy may aid supply chain
As Wall Street anticipates next week's Federal Reserve meeting, the market may have caught a break as China began to ease its strict "zero-COVID" policies. David Bahnsen of The Bahnsen Group joins CBS News to discuss why some investors are bullish on the effect of China's new policy.
Breaking
Appeals court says Lisa Cook can remain Fed governor, rejecting Trump's bid to fire her
The U.S. Court of Appeals for the D.C. Circuit declined to grant the Trump administration emergency relief and clear the way for Mr. Trump to remove Cook from her position.
JD Vance hosts "The Charlie Kirk Show" after Kirk's assassination
Vance has described his longtime friendship with Kirk, who was also a key ally in his political rise.
Trump announces second U.S. strike against alleged Venezuela drug boat
President Trump announced Monday the U.S. military has carried out a second strike on alleged Venezuelan "narcoterrorists."
Breaking
Senate confirms Trump adviser Stephen Miran to Fed before key interest rate vote
The Senate confirmed Trump economic adviser Stephen Miran to the Federal Reserve to finish Adriana Kugler's term. Miran plans to return to his White House job afterward.
Patel says he doesn't regret his post about Kirk case that turned out to be wrong
Kash Patel and his deputy Dan Bongino are challenging the FBI's fierce allegiance to message control.
Trump says he would have lowered flag for assassinated Democrat if asked
Mr. Trump said after the Minnesota assassination that he didn't want to "waste time" calling the state's governor after two lawmakers were gunned down.
Charlie Kirk shooting suspect under special watch as investigators seek motive
The suspect in the assassination of Charlie Kirk is under special watch in a Utah jail, days after he allegedly shot and killed the 31-year-old conservative activist.
Trump signs memo sending federal law enforcement to join Tennessee National Guard in Memphis
Memphis will become the third U.S. city to see National Guard troops in its streets during President Trump's second term — and he said Monday that Chicago is "probably next."
Immersive newsroom marks CBS News Atlanta launch
CBS News Atlanta makes its debut with immersive technology, a startup-style newsroom and a mission to serve the community from day one.