Inflation rises slightly
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
Federal Reserve
Analyzing the stock surge after Trump's win
The stock market hit pause Tuesday on its record-setting spike after President-elect Donald Trump's victory, but what comes after the honeymoon? CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to dive into the market surge and the months ahead.
Fed Chair Powell says he won't resign if Trump asks him to step down
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
Powell vows to stay on as Fed Chair
Federal Reserve Chairman Jerome Powell said he would not step down if pressured by President-elect Trump. The Fed also cut interest rates by one quarter of a percentage point. MoneyWatch correspondent Kelly O'Grady has the details.
What the Fed interest rate cut means for you
Federal Reserve Chair Jerome Powell announced an interest rate cut Thursday for the second time in the last three months as inflation continues to decline. CBS News contributor Javier E. David has more on what that might mean for you.
Here's the impact of the Fed's rate cut decision today
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
Fed cuts interest rates another quarter-point
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.
Senate GOP members fight for leadership role
CBS News estimates that control of the House of Representatives is lean Republican. Meanwhile, the GOP flipped the Senate with longtime leader Mitch McConnell stepping down from the role. CBS News congressional correspondent Nikole Killion has more.
What does Fed rate cut say about the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly O'Grady looks at what impact the decision could have on the economy.
The Federal Reserve lowers interest rates by 0.25 percentage points
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Federal Reserve interest rate cut news
The Federal Reserve's latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron's, joins CBS News with more on the cut's impact.
Federal Reserve cuts interest rate
The Federal Reserve announced an interest rate cut of 0.25 percentage points as inflation continues to cool. CBS News business analyst Jill Schlesinger breaks down the announcement and CBS News correspondent Natalie Brand has more from the White House.
Potential interest rate cut news coming
The Federal Reserve will announce Thursday whether it will cut interest rates again after a jumbo cut in September. CBS News business analyst Jill Schlesinger breaks down what economists expect.
5 ways Trump's presidency could affect the economy — and your money
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
Rate cut expected from Fed: What to know
Another interest rate cut is expected to be announced Thursday afternoon by Federal Reserve Chair Jerome Powell. CBS News business analyst Jill Schlesinger has more details.
Interest rate cut expected from Fed
Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald Trump. CBS News correspondent Kelly O'Grady has more.
Dow finishes at record high after Trump win
The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers and bitcoin also reached a new record high. CBS News business analyst Jill Schlesinger has more on Wednesday's market performance.
What October's jobs report means for economy
The final jobs report before Election Day shows the number of jobs added to the U.S. economy plummeted in October, with only 12,000 new hires. Despite adding roughly 100,000 fewer jobs than expected, the U.S. unemployment rate held steady at just above 4%. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the numbers.
Last jobs report before Election Day
The latest jobs report showed slowed growth in the U.S. economy just days before Election Day. CBS News MoneyWatch correspondent Kelly O'Grady has more on what the data may indicate about the economy's future.
October jobs take a hit from hurricanes, strike
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
New data before next Fed decision
The Federal Reserve will soon announce its next interest rate move as new data trickles in about the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.
A key inflation measure drops to 2.1%. Here's the interest rate impact.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
How the economy is faring before Election Day
CBS News polling shows most voters have long been dissatisfied with U.S. economic conditions. But does perception match reality? Kate Davidson, managing editor for U.S. economic policy for Bloomberg News, joins "America Decides" to discuss.
Inflation rate hits lowest point in 3 years
Consumer prices are gradually cooling off in the U.S., according to the latest Labor Department numbers. The annual inflation rate hit 2.4% in September, the lowest point since February 2021. CBS News contributor Javier David breaks down the data.
Jobs report shows U.S. economy's strength
The September jobs report showed U.S. employers added 254,000 jobs and yearly wage increases outpaced the inflation rate. CBS News senior business and technology correspondent Jo Ling Kent reports on how the report reflects on the U.S. economy. White House economist Jared Bernstein joins CBS News 24/7 to discuss the new numbers.
More than 800 people killed by powerful earthquake in eastern Afghanistan
The magnitude 6 quake struck a remote region and destroyed multiple villages, officials say.
Judge blocks deportation of Guatemalan migrant children as flights were ready to take off
The case involves 10 migrants between 10- and 17-years-old who entered the U.S. without authorization and without their parents or legal guardians.
Noem: "Haven't taken anything off the table" on immigration operations in cities
Homeland Security Secretary Kristi Noem said that there's been "ongoing operations with ICE in Chicago and throughout Illinois and other states," adding that "we do intend to add more resources to those operations."
Rudy Giuliani hospitalized after car crash in New Hampshire
According to his spokesperson Michael Ragusa, Giuliani was diagnosed with "fractured thoracic vertebrae, multiple lacerations and contusions, as well as injuries to his left arm and lower leg."
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.
Pope Leo denounces "pandemic of arms" after Minnesota school shooting
The U.S.-born pope spoke in English as he denounced the attack and the "logic of weapons" fueling wars around the world.
Gaza aid flotilla with Greta Thunberg, others turns around due to bad weather
The Global Sumud Flotilla will try to break the Israeli blockade of the Palestinian territory and bring humanitarian aid, food, water and medicine to Gaza as Israel steps up its offensive in Gaza City.
Burning Man death prompts homicide investigation
An unidentified White man was found dead, lying in a pool of blood, according to police.
Mark Knoller, longtime CBS News correspondent, dies at 73
Mark Knoller was, to put it simply, a legend. For decades, everyone in the White House press corps knew him as the unofficial presidential historian and statistician.