Federal Reserve hikes key interest rate again
The Federal Reserve raised its benchmark interest rate by 0.75 percentage point as it tries to slow spending to lower inflation without pushing the economy into a recession.
Economy
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.
Alaskans receive over $3,000 in state oil-wealth payment checks
The $1.6 billion in direct deposits "will provide much needed relief as we head into winter," Governor Mike Dunleavy said.
Rep. Cheri Bustos discusses the upcoming midterms
With the midterm elections just weeks away, the economy and abortion have emerged as key issues on the minds of voters. Democratic Rep. Cheri Bustos of Illinois, a former chair of the Democratic Congressional Campaign Committee, joined "Red and Blue" to discuss the midterms.
Supreme Court allows college vaccine mandate
The Supreme Court declined to block Indiana University's requirement for students to be vaccinated. Justices also struck down part of New York's statewide halt on evictions. CBS News legal contributor and Loyola Law School professor Jessica Levinson spoke to CBSN's Tanya Rivero about the impact of the decisions.
Leaders gather for U.N. General Assembly
The United Nations General Assembly is bringing together world leaders in person for the first time since the start of the pandemic. The event comes at a time of immense global challenges, including the war in Ukraine, economic uncertainty and concerns about climate change. CBS News correspondent Pamela Falk joins us with more.
The strong U.S. dollar impacts everyone. Here's how.
Value of U.S. dollar has been on a more-than-a-year-long tear that many experts don't see ending anytime soon.
Stocks rise amid expectations of another big rate hike
But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.
Workers lose ground to inflation
CBS News senior national correspondent Mark Strassmann reports from Los Angeles on fears that inflation may be much more entrenched and sticky than previously thought.
California sues Amazon, alleging its dominance pushes up prices
Lawsuit claims the retail giant forces sellers to keep their prices high in order to use its platform.
Fed announces 0.75% rate hike
The Federal Reserve announced it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the biggest surge in U.S. inflation in four decades. CBS News senior White House and political correspondent Ed O'Keefe and Stephen Gandel, news editor for The New York Times' DealBook, join CBS News to discuss the implications of the decision.
Economy, abortion shaping key Pennsylvania races
Democrats see Pennsylvania as a crucial battleground as they fight to hold on to their congressional majorities. But economic headwinds are a challenge. Robert Costa has the latest.
Yellen on inflation, potential rail strike
Investors on Wall Street are pessimistic on inflation after August's Consumer Price Index report showed prices rising. CBS News chief White House correspondent Nancy Cordes spoke with Treasury Secretary Janet Yellen about the state of the economy and the impact of a potential rail strike.
Larry Kudlow on "The Takeout"
White House economic adviser Larry Kudlow joins Major to respond to Bob Woodward’s new book "Rage," the debate over another economic stimulus package, and systemic racism in the U.S., on this week's episode of the "The Takeout with Major Garrett."
Professor Mark Blyth on "The Takeout"
Brown University political science professor Mark Blyth joins Major to discuss economics and the upcoming election on this week's episode of "The Takeout with Major Garrett."
U.S. stocks rally to close higher after sharp selloff
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
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.
Stocks plunge as inflation remains high
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to explain why the stock market dipped and what the economy could look like heading into the holiday season.
Stocks tumble on August inflation report
The Consumer Price Index report for August tanked the stock market as inflation continued to slow at a snail's pace. Emil Michael, chairman and CEO of DPCM, joins CBS News to discuss the impact on the overall economy.
Inflation remains high but down since June
The U.S. Labor Department's latest Consumer Price Index report shows inflation rose 8.3% in August in comparison to one year ago. But prices increased by 0.1% for the month. CBS News chief White House correspondent Nancy Cordes joins us to discuss how the White House is responding to the report.
Gas prices down from historic summer high
Gas prices have steadily dropped following the summer's national average peak of more than $5 per gallon. But Treasury Secretary Janet Yellen warns prices may rise again come winter. The Washington Post economics correspondent Abha Bhattarai joined CBS News' Tony Dokoupil and Lilia Luciano to discuss.
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.
Yellen to speak on economic agenda
U.S. Treasury Secretary Janet Yellen will deliver a speech in Detroit to help promote President’s Biden’s economic agenda and efforts to fight climate change. Aaron Weinman, Insider’s financial reporter and author of the “10 things on Wall Street” newsletter, joins “CBS News Mornings” to discuss.
Price controls coming back
An economic relic is coming back in an effort to fight global inflation. Price controls haven't been largely used in almost 50 years, but with prices rising around the world and Russia's war in Ukraine sparking fears of an energy crisis, they could be making a comeback. Matt Phillips, a markets correspondent at Axios, joined CBS News to discuss what price controls are and their potential pitfalls.
Apple set to unveil iPhone 14 and other gear
Tech giant also expected to introduce new watches and AirPods, but high inflation could deter buyers.
Charlie Kirk shooting suspect charged with aggravated murder, could face death penalty
Tyler Robinson, the man accused of assassinating conservative activist Charlie Kirk in Utah, was charged with aggravated murder.
Robert Redford, charismatic star and Oscar-winning director, dies at age 89
One of Hollywood's leading actors, Robert Redford starred in such movies as "Butch Cassidy and the Sundance Kid" and "The Way We Were."
Ousted CDC director to warn of "real risk" for vaccines for children if panel meets
Susan Monarez will testify before a Senate panel Wednesday about why she believes she was fired.
Cargo ship runs into engine trouble on way to space station
Two planned engine firings shut down prematurely, NASA said, putting the Cygnus cargo ship's approach to the space station on hold.
FBI's Patel faces questions on Kirk probe, Epstein files at Senate hearing
FBI Director Kash Patel testified for more than four and a half hours before the Senate Judiciary Committee, where he fielded questions over his leadership of the bureau.
Trump unlikely to escape Epstein scandal on historic state visit to U.K.
The ongoing fallout over Epstein is likely to follow Trump on his formal state visit to the U.K., which just lost its ambassador in D.C. to the scandal.
Charlie Kirk suspect confessed to the killing in text to his roommate, prosecutor says
Court documents show the suspect's roommate found a note in their apartment that read, "I had the opportunity to take out Charlie Kirk and I'm going to take it."
New CDC advisory panel members include more COVID vaccine critics
HHS and CDC announced five new members of the Advisory Committee on Immunization Practices just days ahead of a scheduled meeting that's likely to discuss COVID vaccines and more.
Luigi Mangione's state terrorism charges dismissed, judge rules
Luigi Mangione, accused of shooting UnitedHealthcare CEO Brian Thompson, appeared in court where his state terrorism charges were thrown out.