Fed Chair on consumer sentiment
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Federal Reserve
Fed leaves rates unchanged, outlook uncertain
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
Powell paints picture of economic uncertainty
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
Powell: Tariffs may delay inflation progress
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Fed leaves interest rates unchanged
The Federal Reserve has announced interest rates will remain unchanged for the second time this year. CBS News business analyst Jill Schlesinger and CBS News contributor J.D. Durkin react to the decision.
Stocks drift higher as investors await Fed decision on interest rates
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Previewing the Fed's interest rate decision
The Federal Reserve will announce its latest interest rate decision Wednesday afternoon. CBS News MoneyWatch correspondent Kelly O'Grady reports on what to expect.
Fed expected to keep interest rates the same
The Federal Reserve will meet Wednesday to make its second interest rate decision of the year with economists predicting rates will be held steady. CBS News business analyst Jill Schlesinger has more.
Unpacking slight February inflation cooldown
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Analyzing new inflation report
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
5/7: The Takeout: Jill Schlesinger
CBS News business analyst Jill Schlesinger joins Major Garrett on "The Takeout" to break down the state of U.S. banks and artificial intelligence's role in the economy. She simplifies the Federal Reserve's recent string of interest rate increases and its level of effectiveness. Given inflation and several recent bank failures, Schlesinger also weighs in on whether our current economic woes signal that a recession is near.
12/14: CBS News Mornings
President Biden meets with families of American hostages; Fed leaves interest rates unchanged, indicates cuts in 2024.
What does inflation mean for the economy?
New data out Wednesday shows U.S. inflation accelerated faster than economists had predicted in January. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Trump blames Biden for hot January inflation
New government data shows inflation is up 3% on an annual basis. In reaction to the hot report, President Trump blamed the surge on his predecessor, saying "BIDEN INFLATION UP!" Political strategists Hyma Moore and Justin Sayfie join "America Decides" with analysis.
Fed Chair Powell testifying before Congress
Federal Reserve chair Jerome Powell is testifying in front of lawmakers Tuesday where he's expected to face questions ranging from rate policies to the department's independence from President Trump. CBS News contributor J.D. Durkin has more.
U.S. hiring slows in January
U.S. job growth in January was weaker than expected according to the latest Bureau of Labor Statistics data. CBS News MoneyWatch correspondent Kelly O'Grady explains what this means.
Trump criticizes the Fed
After three consecutive interest rate cuts, the Federal Reserve has decided to hit the pause button, citing a solid job market and stubborn inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more on the decision and President Trump's reaction.
Fed holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Here's the financial impact of the Fed's pause on rate cuts
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
Federal Reserve holds rates steady
The Federal Reserve did not apply a cut to its benchmark rate as inflation remains stubborn. CBS News business analyst Jill Schlesinger has more.
The Federal Reserve should resist pressure from Trump, experts say
President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
Fed expected to leave rates unchanged
The Federal Reserve on Wednesday will make its first interest rate decision of the second Trump administration with economists predicting rates will remain unchanged. CBS News business analyst Jill Schlesinger has more.
Fed to make next interest rate decision
On Wednesday, the Federal Reserve will make its first interest rate decision since President Trump took office. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what to expect.
Breaking down Trump's tariff threat at Davos
President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution, joins "America Decides" to examine Trump's remarks.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
Trump administration to cut 500-plus jobs at Voice of America
Kari Lake, acting CEO of the U.S. Agency for Global Media, announced the latest round of job cuts in a social media post late Friday.
Appeals court rules many of Trump's tariffs are illegal, but doesn't halt them
A federal appeals court said many of the tariffs imposed by President Trump on dozens of countries earlier this year are not legally permissible, but didn't halt them.
3 Hurricane Katrina survivors look back 20 years later and find hope
Hurricane Katrina survivors can still describe in detail what they faced in the days after the storm devastated the Gulf Coast.
SSA chief data officer resigns after filing whistleblower complaint
Charles Borges filed a whistleblower complaint alleging DOGE employees uploaded a copy of all U.S. Social Security info to a "vulnerable cloud environment."
Israel will soon slow or halt aid into parts of northern Gaza
Israel's military said that it had launched the "initial stages" of the planned offensive to seize Gaza City, declaring the Palestinian territory's biggest population center a "dangerous combat zone."
Illinois Gov. Pritzker says sending troops to Chicago would be an "invasion"
Illinois Gov. JB Pritzker told CBS News that President Trump has "other aims" aside from fighting crime, as he vows to crack down in Chicago.
Ukraine politician reportedly shot dead in street by gunman in disguise
President Volodymyr Zelenskyy condemned Andriy Parubiy's killing as a "horrific murder" and said "all necessary forces and means" would be used in the investigation.
Bones found in search for father accused of killing 3 daughters
The FBI said it found bones while searching for signs of Travis Decker. The bones were being analyzed to determine if they are human or animal.
U.S. cruiser seen crossing Panama Canal as warships sent to Venezuela
The U.S. has said the deployment of warships to the southern Caribbean, near Venezuela's territorial waters, was an anti-drug trafficking operation.