Fed leaves interest rates unchanged
The Federal Reserve has announced interest rates will remain unchanged for the second time this year. CBS News business analyst Jill Schlesinger and CBS News contributor J.D. Durkin react to the decision.
Federal Reserve
Stocks drift higher as investors await Fed decision on interest rates
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Previewing the Fed's interest rate decision
The Federal Reserve will announce its latest interest rate decision Wednesday afternoon. CBS News MoneyWatch correspondent Kelly O'Grady reports on what to expect.
Fed expected to keep interest rates the same
The Federal Reserve will meet Wednesday to make its second interest rate decision of the year with economists predicting rates will be held steady. CBS News business analyst Jill Schlesinger has more.
Unpacking slight February inflation cooldown
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Analyzing new inflation report
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
5/7: The Takeout: Jill Schlesinger
CBS News business analyst Jill Schlesinger joins Major Garrett on "The Takeout" to break down the state of U.S. banks and artificial intelligence's role in the economy. She simplifies the Federal Reserve's recent string of interest rate increases and its level of effectiveness. Given inflation and several recent bank failures, Schlesinger also weighs in on whether our current economic woes signal that a recession is near.
12/14: CBS News Mornings
President Biden meets with families of American hostages; Fed leaves interest rates unchanged, indicates cuts in 2024.
What does inflation mean for the economy?
New data out Wednesday shows U.S. inflation accelerated faster than economists had predicted in January. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Trump blames Biden for hot January inflation
New government data shows inflation is up 3% on an annual basis. In reaction to the hot report, President Trump blamed the surge on his predecessor, saying "BIDEN INFLATION UP!" Political strategists Hyma Moore and Justin Sayfie join "America Decides" with analysis.
Fed Chair Powell testifying before Congress
Federal Reserve chair Jerome Powell is testifying in front of lawmakers Tuesday where he's expected to face questions ranging from rate policies to the department's independence from President Trump. CBS News contributor J.D. Durkin has more.
U.S. hiring slows in January
U.S. job growth in January was weaker than expected according to the latest Bureau of Labor Statistics data. CBS News MoneyWatch correspondent Kelly O'Grady explains what this means.
Trump criticizes the Fed
After three consecutive interest rate cuts, the Federal Reserve has decided to hit the pause button, citing a solid job market and stubborn inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more on the decision and President Trump's reaction.
Fed holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Here's the financial impact of the Fed's pause on rate cuts
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
Federal Reserve holds rates steady
The Federal Reserve did not apply a cut to its benchmark rate as inflation remains stubborn. CBS News business analyst Jill Schlesinger has more.
The Federal Reserve should resist pressure from Trump, experts say
President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
Fed expected to leave rates unchanged
The Federal Reserve on Wednesday will make its first interest rate decision of the second Trump administration with economists predicting rates will remain unchanged. CBS News business analyst Jill Schlesinger has more.
Fed to make next interest rate decision
On Wednesday, the Federal Reserve will make its first interest rate decision since President Trump took office. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what to expect.
Breaking down Trump's tariff threat at Davos
President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution, joins "America Decides" to examine Trump's remarks.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Stock market plunges after December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
Where are mortgage, CD and credit card rates heading in 2025?
The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in 2025.
What is the state of the job market?
The number of Americans applying for unemployment benefits fell slightly last week. Meanwhile, the average 30-year mortgage rate hit 6.85%, the highest since July. CBS News contributor Javier David breaks it down.
Trump warns U.S. "will take very strong action" if Iran hangs protesters
"We don't want to see what's happening in Iran happen," President Trump said in an exclusive interview airing Tuesday on "CBS Evening News."
Over 12,000 feared dead after Iran's crackdown on protesters
Information trickling out of Iran suggests a far deadlier crackdown on protesters than previously reported.
Supreme Court seems likely to uphold state transgender athlete bans
The Supreme Court heard two cases involving laws from Idaho and West Virginia that ban transgender athletes from participating in girls' and women's sports.
Trump boosts his economic strategy in Michigan speech: "Tariff's my favorite word"
President Trump defended his tariffs at a speech in Michigan, after he visited a factory in Dearborn.
Assistant U.S. Attorney Joe Thompson resigns with other senior prosecutors
At least six prosecutors in the Minneapolis U.S. Attorney's office — including Assistant U.S. Attorney Joe Thompson — have resigned after the office was tasked with investigating the shooting of Renee Good, according to three sources familiar with the situation.
Trump is taking aim at borrowing costs. Will it work — or backfire?
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
Scott Adams, Dilbert comic strip creator, dies at age 68
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Mass resignations at DOJ Civil Rights Division, sources say
At least six prosecutors, most of whom are supervisors in the Civil Rights Division's criminal section, will be leaving their jobs.
Their 21 kids were taken by the state. They've since had more surrogate-born babies.
The couple had so many kids in their Los Angeles-area mansion a neighbor "thought it was a kindergarten." The investigation has only gotten stranger.