7/13: Red and Blue
Inflation hits highest rate in 40 years; Rise in Los Angeles COVID cases
Federal Reserve
What a Fed rate hike of 1% would mean for your money
With inflation at a four-decade high, some economists are predicting the Fed will direct one of the biggest hikes since the 1980s.
Fed rate hikes hurting would-be home buyers
The Fed has tried to ease inflation by raising interest rates, but that move is also shutting some would-be home buyers out of the housing market. New York Times Federal Reserve and economy reporter Jeanna Smialek explains how the Fed's actions are putting more pressure on renters.
Euro falls to equal the U.S. dollar
For the first time in 20 years, the U.S. dollar is equal to the euro. Here's why it's happening and what it means for American travelers in Europe.
Mick Mulvaney weighs in on the U.S. economy
Mick Mulvaney, former acting White House chief of staff, spoke to CBS News’ Catherine Herridge about the current state of the U.S. economy and why he believes a recession is "inevitable."
Hiring remains strong despite Fed interest rate hikes
U.S. employers added 372,000 jobs, the Labor Department reported Friday, greatly surpassing what economists had expected. Akin Oyedele, investing deputy editor for Business Insider, joins Catherine Herridge to discuss what these numbers could mean.
Inflation causing housing affordability crisis
Rrecord-high inflation is making homelessness worse across the U.S., according to a report from the Washington Post. Rachel Siegel co-authored that article and joins Lana Zak on CBS News to discuss.
Fed says sharply higher interest rates may be needed
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Why unemployment will likely rise regardless of a recession
The hottest job market in a generation is slowing down: Here are signs that unemployment is likely to tick up soon.
The Chairman, ACLU, Genetic Revolution
Fed Chair Jerome Powell is asked if the Fed is done raising interest rates and whether or not he thinks President Trump can fire him; then, the ACLU's surprising new political strategy, modeled in part after the NRA; and, could gene therapy cure sickle cell anemia?
6/16: CBS News Mornings
Federal Reserve looking to slow spending amid record inflation; U.S. veterans who fought for Ukraine may have been captured
6/15: CBS News Mornings
Fed likely to announce interest rate hike; Texas lawmaker demands answers on police response.
Mortgage rates rise to nearly 6%
Potential home buyers face an increasingly complex housing market as mortgage rates rise and the average price to purchase an existing home in the U.S. reaches $400,000. George Ratiu, senior economist and manager of economic research at Realtor.com, joined CBS News' Tanya Rivero and Elaine Quijano to discuss.
Jobless claims down from previous week
According to the U.S. Department of Labor, initial jobless claims fell to 229,000 for the week ending June 18th. That's 2,000 fewer than the previous week. CBS News reporter Sarah Ewall-Wice joined Errol Barnett and Anne-Marie Green to discuss what these numbers mean for the U.S. economy and yesterday's congressional testimony on inflation from Federal Reserve Chair Jerome Powell.
Biden proposes gas tax holiday
CBS News' Tanya Rivero and Elaine Quijano sit down with Aaron Weinman, a finance correspondent for Insider, to discuss what is driving the financial markets, the probability of a recession, and President Biden's proposed gas tax holiday.
Fed will keep raising interest rates as long as appropriate
Fed Chairman Jerome Powell acknowledged recession is possible but later said its likelihood is not "particularly elevated right now."
MoneyWatch: Janet Yellen on recession fears
The Federal Reserve raised interest rates as all major stock averages ended last week in the negative, but U.S. Treasury Secretary Janet Yellen said a recession is neither "imminent" nor "inevitable." Akane Otani, a reporter at The Wall Street Journal, spoke with "CBS News Mornings" about Yellen's comments amid growing fears about the future of the economy.
Stock market ends volatile week with sharp losses
The U.S. stock market on Friday ended its worst week since March 2020. John Quelch, dean of the University of Miami Herbert Business School, joins CBS News senior investigative correspondent Catherine Herridge to discuss the state of the economy.
Biden pushes back on talk of recession
Economists are predicting a recession is imminent, while President Biden claims a recession is not inevitable. This comes after the Dow Jones lost more than 700 points Thursday. Wall Street Journal reporter Julia-Ambra Verlaine joins "CBS News Mornings" to discuss the latest.
MoneyWatch: Mortgage rates jump to 5.78%
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve raised its key rate by three-quarters of a point. CBS News' Lana Zak joins Carter Evans to discuss the impact of soaring rates on consumers.
More homebuyers may be priced out of the housing market
The Federal Reserve's biggest interest rate hike since 1994 will push mortgage rates higher, and that means more homebuyers may be priced out of the housing market. Danielle Hale, chief economist of Realtor.com, joined CBS News' Errol Barnett and Elaine Quijano discuss.
Financial expert talks impact of rate hike
The Federal Reserve raised interest rates by 0.75 percentage points Wednesday in an effort to fight inflation. CBS News Chief White House Correspondent Nancy Cordes reports on how the Biden administration is responding to the news, then CBS News Business Analyst Jill Schlesinger breaks down the impacts of this rate hike on the job market and your finances.
How to navigate the latest interest rate hike
The Federal Reserve has announced a 0.75% interest rate hike, the largest single increase since 1994. Gargi Chaudhuri, head of iShares Investment Strategy Americas for BlackRock, joins "CBS News Mornings" with advice for how Americans can use the hike to their benefit.
How the Fed's interest rate hike will impact your wallet
Federal Reserve's push to stem inflation could also make your credit card debt more expensive and impact home buyers.
How Fed's interest rate hike could impact consumers
The Federal Reserve announced Wednesday it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994. CBS News correspondent Carter Evans reports on the decision. Then, Megan Greene, global chief economist for the Kroll Institute and a senior fellow at the Harvard Kennedy School, joins CBS News to discuss how the increase could affect the consumers.
live updates
Charlie Kirk shot and killed at Utah event; manhunt for shooter ongoing
Conservative activist and Turning Point USA co-founder Charlie Kirk died Wednesday after he was shot at an event at Utah Valley University.
live updates
Nation holds tributes to mark 24 years since 9/11
President Trump is attending the ceremony at the Pentagon.
Search for Charlie Kirk's killer continues. Here's what we know.
Conservative activist Charlie Kirk was shot and killed on Wednesday while speaking an event at Utah Valley University. Authorities have not identified a suspect.
More than 300 Koreans detained by ICE at Georgia Hyundai plant heading home
The ICE raid that swept up 300 South Koreans in Georgia has strained an important bilateral relationship, and highlighted a significant challenge.
Nadine Menendez sentenced to more than 4 years in bribery case
Nadine Menendez, the wife of former Sen. Bob Menendez, was convicted of accepting cash and gold bars in exchange for political favors.
British ambassador to U.S. fired over his ties to Jeffrey Epstein
Britain's Ambassador to the U.S., Peter Mandelson, has been fired by Prime Minister Keir Starmer over "the depth and extent" of his relationship with Jeffrey Epstein.
Netanyahu appears to shirk Trump's warning about new strikes in Qatar
Trump says he assured Qatar's leader that Israeli strikes against Hamas in Doha wouldn't be repeated. Netanyahu has threatened to do just that.
AI wants to help you plan your next trip. Can it save you time and money?
AI wants to help you save time and money when planning your next trip, but how good is it at getting you the best deals?
Prince Harry has his first meeting with dad King Charles in 19 months
On a rare trip back to the U.K., devoted mostly to charity events, Prince Harry may have begun the reconciliation with his family he's said he wants.