El-Erian: Fed has "no good policy options"
Mohamed El-Erian, the chief economic adviser for Allianz, says the Federal Reserve can either raise interest rates and risk a recession, or allow inflation to continue to rise.
Federal Reserve
U.S. adds 678,000 jobs in February
Numbers released Friday show major job growth nationwide as COVID cases fall and states roll back restrictions. According to the Department of Labor, U.S. employers added 678,000 jobs in February, and the unemployment rate fell from 4% to 3.8%. Barclays chief U.S. economist Michael Gapen joined CBS News's Vladimir Duthiers and Anne-Marie Green to discuss the numbers.
Powell supports interest rate hike at March meeting
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
For Black Americans, living longer impacts health and wealth
With the right financial choices, longer life expectancy can help goals like building wealth and passing it on to heirs come true, experts said.
Senate Republicans boycott Biden's Federal Reserve nominees
Republicans on the Senate Banking Committee skipped Tuesday's meeting, denying Democrats the quorum needed to advance Biden nominees.
Inflation hits highest level in 40 years
The Consumer Price Index climbed 0.6% in January, meaning the average cost of goods is up 7.5% since the same time last year. Meantime, first-time jobless claims fell for a third straight week. CBS News senior White House and political correspondent Ed O'Keefe has more on how the Biden administration is handling the latest economic news.
January jobs report better than expected
The January jobs report released Friday surpassed Wall Street projections, with 467,000 jobs added. Mike Pugliese, an economist at Wells Fargo, joins CBS News to break down the employment data and what it means for the U.S. economy.
Republicans take aim at Biden's Federal Reserve nominees at tense hearing
Sarah Bloom Raskin was pressed over climate change regulation.
MoneyWatch: Impact of higher interest
The Federal Reserve has signaled that it will be raising interest rates this year to help offset the increase in consumer goods brought on largely by the pandemic. But what does this mean for everyday Americans? CBS MoneyWatch reporter Aimee Picchi joins "CBS News Mornings" to discuss.
Fed plans to raise interest rates to fight inflation
The Federal Reserve is signaling it plans to begin raising interests rates soon. Officials are hoping the move will help ease inflation, which has risen to its highest level in decades. Dana Peterson, chief economist for The Conference Board, joins CBS News' Elaine Quijano to discuss.
Report shows inflation up 5.8% in 2021
An economic analysis report shows a key inflation measure rose 5.8% last year, the highest it's been since 1982. Despite a big leap in the stock market numbers late Friday, major indexes are still down this year. Terry Haines, founder of Pangaea Policy, joins CBS News after the New York Stock Exchange's closing bell to break down how inflation is effecting the economy and what can be done to correct it.
Interest rates are set to rise. Here's how that will affect consumers.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Fed appears poised for rate increase in March
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Federal reserve signals interest rate hike
The Federal Reserve signaled it plans to raise interest rates as early as March in an effort to curb inflation. Carter Evans takes a look at what that means for consumers.
MoneyWatch: Fed plans to raise interest rates
The Federal Reserve signaled it's getting ready to raise interest rates as soon as March but will keep rates near zero for now. Jared Woodard, the head of the research investment committee of Bank of America Global Research, joined CBS News at the closing bell to discuss the announcement.
Stocks dip after Fed signals it's set to hike interest rates
Economists expect the Federal Reserve to start lifting rates as soon as its next meeting in March.
Markets rally in another topsy-turvy day on Wall Street
Wall Street analysts expect the central bank this week to signal that it will raise interest rates starting in March.
Dow rallies after falling more than 1,000 points
Fears about rising tensions over Ukraine and the Federal Reserve's plan to curb inflation sent the markets into a free fall for much of the day. But the Dow and SP 500 rebounded by the end of the day, closing in positive territory.
Stock markets end up after wild trading day
The markets ended the first day of trading this week up slightly after a wild day of trading. Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company, joins CBS News at the closing bell to break down what's driving the market.
Americans face inflation despite economic growth
President Biden has vowed to tackle the rising rate of inflation in the U.S. But many Americans don't feel like his administration is doing enough, despite steady economic growth during his first year in office. Chief economist for Morning Consult John Leer joins CBSN's Lana Zak to discuss.
Economist weighs in on record high inflation
The Labor Department says inflation in the U.S. jumped 7% between December 2020 and December 2021. That's the biggest increase since 1982. Peter Morici, an economist and emeritus professor at the University of Maryland, joins CBSN's Lilia Luciano to discuss what the latest data means for our economy.
Inflation climbs at fastest pace in decades
Inflation surged to its highest level in nearly four decades in 2021. The Consumer Price Index increased by 0.5% in December, for a total annual increase of 7%. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join CBSN to discuss the Biden administration's plans to combat inflation and what it means for Americans moving forward.
Unemployment rate drops to 3.9%
A new Department of Labor report reveals the U.S. added 199,000 jobs in December. The unemployment rate has fallen to 3.9%. This comes as the country confronts a surge in COVID-19 infections and rising inflation. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to discuss the current and future labor market.
Economic projections for consumers
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the latest news out of the Federal Reserve meeting Wednesday. She will share how inflation is impacting the Fed's decision to pull back on the emergency policies it put in place during the pandemic and how likely interest rate hikes next year will impact consumers.
Federal Reserve's plan to fight inflation
The Federal Reserve Chairman Jerome Powell announced new plans to battle rising inflation, ending the Fed's pandemic-era stimulus program earlier than planned. Barclays Chief Economist Michael Gapen joins CBSN's Elise Preston to discuss how Americans will be affected.
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.
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.
Charlie Kirk's body flown on Air Force Two to Arizona
Charlie Kirk was shot and killed at an event at Utah Valley University Wednesday. His body was flown on Air Force Two to Arizona, where he lived with his family.
Alleged drug boat from Venezuela turning back when hit, sources say
The U.S. military strike killed 11 people who the Trump administration said were Tren de Aragua members. A Venezuelan official denied they were involved in the gang.
Trump admin. asks appeals court to allow firing of Lisa Cook before Fed meeting
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
Nation holds tributes to mark 24 years since 9/11
President Trump is attending the ceremony at the Pentagon.
Suspect in Trump assassination attempt forfeits opening statement at trial
Ryan Routh, who is representing himself, was warned by U.S. District Judge Aileen Cannon to stay on topic.
Lawmakers scale back outdoor events after Charlie Kirk assassination
Members of Congress are curtailing outdoor events and public appearances in the wake of the assassination of conservative commentator Charlie Kirk.
Map shows West Nile virus cases as officials warn season isn't over
Health officials are warning the West Nile virus season isn't over yet. Here's where the mosquito-borne illness has been spreading.