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The Federal Reserve raised interest rates by three-quarters of a percentage point for the third consecutive time this year in an effort to curb inflation. CBS News business analyst Jill Schlesinger explains what's behind the move and what we should expect going forward.
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Inflation remains over 8%, and now there are growing concerns about the housing market. A recent analysis found that more than half of the country's largest regional markets are "significantly overvalued." Mark Strassmann has more.
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, Sept. 25, 2022, on "Face the Nation."
The Federal Reserve's decision to raise interest rates yet again has renewed recession concerns on Wall Street. Chris Campbell, chief policy strategist at the Kroll Institute, reacted to the Fed's decision and how it will impact Americans.
The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what's driving the downturn in home sales.
The Federal Reserve raised interest rates for a third consecutive time with Chair Jerome Powell saying there could be more aggressive hikes in the future to combat inflation. Economist Joe Brusuelas joined "CBS News Mornings" with the latest.
The Federal Reserve approved a third consecutive 0.75 percentage point hike to its benchmark interest rate Wednesday in an effort to tackle record inflation. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined John Dickerson to discuss the impact of the interest rate hikes on the U.S. economy.
Stocks fell sharply Wednesday when the Federal Reserve announced it was raising interest rates again another 75 basis points. Liz Young, head of investment strategy at SoFi, joined CBS News to discuss what the Fed's announcement means for the future of the U.S. economy.
CBS News correspondent Christina Ruffini and Yahoo Finance reporter and anchor Akiko Fujita discussed the Federal Reserve's latest interest rate increase.
The Federal Reserve is expected to announce interest rate hikes to combat high inflation. John Leer, chief economist at Morning Consult, joins "CBS News Mornings" to explain when and where people will notice the impacts of another rate hike.
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.
While the cost of groceries and rent are still rising, the Federal Reserve is expected to hike interest rates again today in an effort to quell high inflation. Nancy Cordes reports from the White House.
The Federal Reserve is expected to announce a fifth interest rate hike, which will have ripple effects on everything from credit card debt to student loans. Anne-Marie Green breaks down the impact on vehicle prices and auto loan debt.
The Federal Reserve is expected to announce a third consecutive interest rate hike Wednesday. This action would be the fifth rate increase this year. Mark Hamrick, a senior economic analyst for Bankrate.com, joined CBS News to discuss what's behind this likely action and how it would impact Americans.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
President Biden is addressing the United Nations General Assembly in New York City. He is expected to discuss the ongoing war in Ukraine and efforts by the U.S. and allies to provide more aid. CBS News political correspondent Caitlin Huey-Burns discussed with Vladimir Duthiers and Anne-Marie Green.
The Federal Reserve is expected to raise interest rates for a fifth time Wednesday as part of ongoing efforts to curb inflation. Thomas Hogan, a senior fellow at the American Institute for Economic Research, joined CBS News to discuss the immediate and long-term impacts of the increase.
As President Biden sets off to attend the U.N. General Assembly in New York Tuesday, the Federal Reserve is expected to hike interest rates again on Wednesday in an effort to quell high inflation. Nancy Cordes reports from the White House.
The Federal Reserve has twp-day meeting starting Tuesday and economists are preparing for another interest rate hike to come out of it. Saira Malik, chief investment officer of Nuveen, joins CBS News at the closing bell to discuss what is driving the market.
Experts expect the Federal Reserve to raise interest rates later this week as it continues to fight inflation. Mortgage rates have also jumped in recent months. Mark Zandi, chief economist of Moody's Analytics, joined Lilia Luciano to discuss what high mortgage rates mean for the housing market.
All three major stock indexes ended the week with losses for the fourth time in five weeks. Victoria Fernandez, chief market strategist at Crossmark Global Investments, joins CBS News to discuss what it means for the U.S. economy.
David Kelly, the chief global strategist for J.P. Morgan Asset Management, joins CBS News to discuss the drop in first-time jobless claims last week and last month's rise in retail sales. He also shares his expectations for next week's highly anticipated Federal Reserve meeting.
The government shutdown stretched into Day 27 on Monday as the stalemate over how to reopen the government continues. Follow live updates here.
Hurricane Melissa strengthened into a Category 5 storm on Monday, unleashing torrential rain and threatening to bring catastrophic flooding to the northern Caribbean.
Staff Sgt. Demi Palecek and Capt. Dylan Blaha say they'll defy federal orders regarding Trump's immigration enforcement operation in Chicago.
A nationwide string of threats and violent acts present a problem experts say is politically more complex than it seems.
President Trump had his second physical in six months earlier this month at Walter Reed Medical Center.
A TikTok user was arrested earlier this month for threatening Attorney General Pam Bondi.
Indiana's Republican governor on Monday said he would be calling a special session to consider redrawing the state's congressional map.
Americans are paying significantly more for these food staples, inflation data shows. Will prices ever relent?
The U.S. Food and Drug Administration has approved Lynkuet, a new medication that does not contain hormones to treat hot flashes due to menopause.