Fed Hikes Interest Rates
The Federal Reserve raised interest rates, which could affect mortgage rates and credit card payments. Yahoo finance markets reporter Myles Udland joins CBSN to discuss.
Federal Reserve
Interest rate hike
The Federal Reserve has raised its benchmark interest rate from 0.75 percent to 1 percent. Scott Gamm, correspondent for TheStreet TV, joins CBSN to discuss how this will affect the economy.
Fed calls inflation "transitory," holds interest rates steady
Signs of economic growth are stoking fears of price hikes, but Fed policymakers say any inflation will be short-lived.
Interest-rate hike?
In a much anticipated speech Friday at the Central Bank's annual Jackson Hole Summit, Federal Reserve Chair Janet Yellen expressed optimism about the U.S. economy. Most experts expect the Central Bank will raise its historic low interest rate before the end of the year. Financial expert Vera Gibbons, senior consumer analyst with GasBuddy.com, joins "CBS This Morning" to discuss the "ambiguity" of a possible interest-rate hike and factors to watch for, including the upcoming August jobs report.
Fed sees economy grow
A new Federal Reserve survey finds modest economic growth in most parts of the U.S.; Amazon says Prime Day was its biggest sales-volume day ever; and Forbes says Dallas Cowboys are worth $4 billion. These headlines and more from CBS MoneyWatch.
Federal Reserve Chair Janet Yellen testifies before a Senate committee on the state of the U.S. economy; nearly 30 percent of Americans lack any emergency savings; and a consumer index says Chick-fil-A is America's favorite fast-food chain
Federal Reserve Chair Janet Yellen testifies before a Senate committee on the state of the U.S. economy; nearly 30 percent of Americans lack any emergency savings; and a consumer index says Chick-fil-A is America's favorite fast-food chain. These headlines and more from CBS MoneyWatch.
As expected, the Federal Reserve made no change to its policy, but in a shift, the central bank lowered its projections of how much it expects to raise short-term interest rates in the coming years
As expected, the Federal Reserve made no change to its policy, but in a shift, the central bank lowered its projections of how much it expects to raise short-term interest rates in the coming years. That's good news for borrowers but bad for savers, who continue to struggle to earn more with their nest eggs. Jill Schlesinger reports.
Chairman of the Federal Reserve, Whistleblower, The Reckoning
Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Then, The government whistleblower who says the Trump administration's coronavirus response has cost lives; And, What will be the long-term effects of the coronavirus pandemic?
Bipartisan meeting set on infrastructure plan
President Biden and Vice President Harris are expected to meet with a small group of bipartisan lawmakers Monday at the White House to discuss the $2.3 trillion infrastructure proposal. Republicans have raised concerns over the size and cost of the package, while some Democrats say it needs to be even bigger. CBS News chief White House correspondent Nancy Cordes joins CBSN AM with the latest.
Fed Chair on money market funds
Jerome Powell said money market funds need to be "resilient enough" to handle future liquidity shocks, and without federal assistance.
Fed Chair Jerome Powell: America is going back to work
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
Fed Chair on federal budget
When asked if continued spending on infrastructure and COVID-19 relief could set off inflation, Jerome Powell said he doesn't "see that now" and the economy needs to fully recover before spending levels "return to a sustainable path."
Fed Chair on Archegos collapse
The Chairman of the Federal Reserve said the fallout from the collapse of Archegos Capital, its investments included ViacomCBS, was the result of a "risk management breakdown" and the Fed will take a closer look "to make sure it never happens again."
Fed Chair on U.S. digital dollar
Jerome Powell said a potential U.S. digital dollar is being evaluated by the Federal Reserve, and it would require careful consideration before being introduced. When asked if the rise of cryptocurrencies was a motivation, he said they are not "concerning at this point."
Fed discussed how bad it would get
With COVID-19 wreaking havoc on the U.S. economy a year ago, Jerome Powell and his advisors at the Fed considered the possibility of a Great Depression scenario.
Jerome Powell: Full 2021 60 Minutes interview transcript
The complete text of Scott Pelley's interview with the Federal Reserve chairman.
Fed Chair Jerome Powell on Archegos collapse
In a conversation with Scott Pelley about the economic outlook, Powell also commented on the fallout from the Archegos Capital collapse, last year's bailout of money market funds, and the potential development of a U.S. digital dollar.
Jerome Powell: The 2021 60 Minutes Interview
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
The Federal Reserve raises short-term interest rates, California unveils a proposal to regulate self-driving cars and more
The Federal Reserve raises short-term interest rates, California unveils a proposal to regulate self-driving cars and more. CBS News MoneyWatch's Jill Wagner has today's CBSN business headlines.
A milestone was reached Wednesday in the recovery from the Great Recession -- the Federal Reserve raised a key interest rate a quarter of a percent
A milestone was reached Wednesday in the recovery from the Great Recession -- the Federal Reserve raised a key interest rate a quarter of a percent. It was the first raise since 2006. Anthony Mason has more.
For the first time since 2006, the Federal Reserve has raised interest rates by a quarter of a percent
For the first time since 2006, the Federal Reserve has raised interest rates by a quarter of a percent. Absolute Capital Return's Senior Editor Hilary Kramer and Belpointe Asset Management's chief strategist David Nelson broke down what this would mean for the market and for lenders.
The central bank projects a series of increases over the next three years to over three percent in 2018
Global financial markets are bracing for the first Federal Reserve rate hike in nearly a decade. The Fed is expected to lift short-term interest rates to a range of between 0.25 and 0.5 percent. The central bank projects a series of increases over the next three years to over three percent in 2018. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss its impact on the economy.
The Federal Reserve is expected to raise interest rates by a quarter point, the first rate raise in more than nine years
The Federal Reserve is expected to raise interest rates by a quarter point, the first rate raise in more than nine years. CBS News business analyst Jill Schlesinger has details.
Fed chair says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Fed Chair Jerome Powell says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
live updates
Manhunt for Charlie Kirk's killer continues
The conservative activist and Turning Point USA co-founder died Wednesday after he was shot at an event at Utah Valley University.
Here's what we know about the search for Charlie Kirk's killer
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 was 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.
Under Trump, FDA seeks to abandon expert reviews of new drugs
Advisory committee meetings help FDA scientists make decisions and increase public understanding of drug regulation, and abandoning them doesn't make sense, former officials said.
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.
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.
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.
Brazil's Bolsonaro sentenced to 27 years after being convicted of coup attempt
Former Brazilian President Jair Bolsonaro, the far-right politician who governed Brazil between 2019 and 2022, was found guilty on five counts.