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The Federal Reserve announced it will raise interest rates by a quarter percentage point to fight soaring gas prices and inflation. Trading expert Joe Saluzzi joined CBS News' Anne-Marie Green and Vladimir Duthiers to discuss how the stock market is reacting and what this means for our bank accounts.
The quarter-point hike is the first rate increase since 2018 as the central bank looks to rein in inflation.
Americans could soon pay more to borrow. One expert says it may be hard to give up the "easy money mentality."
The Federal Reserve is expected to raise interest rates by a quarter point on Wednesday amid soaring inflation rates. Joe Glauber, a senior research fellow for the International Food Policy Research Institute, joins CBS News' Lana Zak and Enrique Acevado to discuss the Fed's plan and how it could affect rising food prices and related food insecurity.
The Federal Reserve is set to raise interest rates for the first time since 2018 in a growing effort to combat soaring inflation. Greg Robb, economics editor of MarketWatch, joins "CBS News Mornings" with more on the potential impact.
It isn't yet clear who will be nominated in her place.
The Federal Reserve signaled interest rates could increase as soon as March. CBS News' business analyst Jill Schlesinger joins "CBS Mornings" to discuss what that increase could look like and the impact it will have.
Monday, stocks saw the biggest drop in months due to a Chinese property developer on the brink of bankruptcy. CBS News business analyst Jill Schlesinger explains the impact on the market, what investors should do now and if this will impact the two-day Federal Reserve meeting.
His opposition could doom her confirmation prospects if Raskin can't pick up a Republican vote in the Senate.
This week on "Face the Nation," we have the latest updates on the war in Ukraine as we hit day 18 of Russia’s invasion. We'll have the latest reporting from Ukraine and hear from its foreign minister, Dmytro Kuleba. Plus, we'll ask White House national security adviser Jake Sullivan what our options are at this critical time.
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.
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.
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
With the right financial choices, longer life expectancy can help goals like building wealth and passing it on to heirs come true, experts said.
Republicans on the Senate Banking Committee skipped Tuesday's meeting, denying Democrats the quorum needed to advance Biden nominees.
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.
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.
Sarah Bloom Raskin was pressed over climate change regulation.
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.
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.
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.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
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.
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.
The government shutdown stretches into Day 30 on Thursday as senators began expressing cautious optimism about funding talks. Follow live updates here.
While flying back to Washington on Air Force One after the meeting, Trump told reporters it was a "great success" and said he would head to China in April for new talks.
People across the northern Caribbean were digging out from the destruction of Hurricane Melissa on Thursday as deaths from the catastrophic storm climbed.
Five more people have been arrested in the investigation into the theft of crown jewels from the Louvre Museum, but the treasures remain missing, authorities say.
The Justice Department placed two federal prosecutors on leave after they filed court papers calling the Jan. 6 Capitol siege a "riot" perpetrated by a "mob," three sources told CBS News.
The U.S. military carried out a 15th strike on an alleged "narco-trafficking vessel," said Defense Secretary Pete Hegseth, bringing the known death toll to more than 50.
President Trump said Wednesday he's allowing South Korea to build a nuclear-powered submarine in Philadelphia.
The Senate voted on Wednesday to approve a resolution that would block President Trump's tariffs on Canada.
A jury has found former Sangamon County deputy Sean Grayson guilty of second degree murder for the fatal police shooting of Sonya Massey.