Stocks tumble as Powell dashes hopes for smaller rate hikes
Investors pulled back after the Federal Reserve Chair said policy makers may accelerate interest-rate hikes.
Inflation
Fed chief Jerome Powell to face questions on inflation fight
Fed chair expected to reinforce his commitment to continue pushing up borrowing costs to rein in inflation.
Some retirees forced to move in with family
Home shortages and inflation have forced many retirees to move in with family members. The trend has also contributed to the growing popularity of housing options such as accessory dwelling units. Carter Evans has more.
What's the state of the tech industry?
Mark Lehmann, CEO of JMP Securities, a Citizens Company, joined CBS News on Friday to discuss the state of the tech industry and the U.S. economy after the closing bell on Wall Street.
Vast majority of U.S. homes are unaffordable to the average buyer
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Jill Schlesinger on tips for saving money
In honor of America Saves Week, CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the best ways to dig yourself out of debt and replenishing your savings. New government data shows Americans' personal savings rate is at a low of 4.7%.
Mortgage applications plummet as rates rise
Daryl Fairweather, a chief economist for Redfin, joins CBS News' Errol Barnett and Elaine Quijano to explain what's driving the decline in mortgage applications. She also discusses forecasts for the housing market's 2023 performance.
Organic food prices are skyrocketing as inflation bites shoppers
The cost of organic chicken has more tripled over the last year, while produce prices have also jumped.
Pandemic-era SNAP benefits end for millions of Americans as costs rise
Extra SNAP benefits are estimated to have kept 4.2 million people out of poverty.
Wage growth is slowing. Blame the Federal Reserve.
Some policy experts are urging the central bank to stop jacking up interest rates before it tanks the economy.
Why Shopify is limiting company meetings
Harley Finkelstein, the president of Shopify, joins Lilia Luciano and Lana Zak to discuss what consumers are buying and how the rise of online retail has affected consumer spending, as well as discusses how Shopify's decision to cut back its meetings has benefited the company.
MoneyWatch roundup
The Consumer Confidence Index fell in February for a second straight month. And President Biden is nominating Julie Su to lead the Labor Department. Marketwatch market editor Bill Watts joined CBS News to discuss the latest on the economy.
Consumer confidence slips again in February
Stubborn inflation and anxiety over slowing economic growth is weighing on Americans, new sentiment data shows.
Americans in their 30s struggle with debt
Americans in their 30s are struggling with mounting debt, surpassing other age groups, and rising interest rates are making it harder to pay the bills. CBS News' Tony Dokoupil and Lilia Luciano are joined by Yahoo Finance reporter Akiko Fujita.
U.S. recession expected to start later than previously forecast
Majority of NABE survey respondents who envision a recession in 2023 don't see it happening until after March.
U.S. consumers undeterred by inflation, report shows
Although U.S. inflation continues to remain high, it's not stopping Americans from spending on everything from everyday essentials to pricey vacations. A Commerce Department report released Friday found that consumer spending rose 1.8% in January. Michael George has the details.
New inflation data could change rate hike strategy
The stock market fell on Friday as investors responded to the latest inflation data which came in higher than expected. Brian Vendig, president of MJP Wealth Advisors, joined CBS News to discuss how the latest data could force the Federal Reserve to raise interest rates higher than anticipated.
Federal Reserve likely to cause a recession, research says
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
The Fed's favorite inflation gauge shows prices accelerated in January
Report signals the U.S. remains gripped by high inflation, sparking fears of more interest rate hikes by the Fed.
U.S. economy grew less in 4th quarter
Federal Reserve and economy reporter for The New York Times, Jeanna Smialek, joins CBS News to discuss the latest GDP data and what it means for the economy.
Market working to keep grocery prices down
Aziz Osmani, the co-owner and head purchaser at Kalustyan's market in New York, joins CBS News' Lana Zak to discuss how he is working to keep prices down amid high inflation.
U.S. economy slowed more than expected last quarter
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
Fed notes released on quarter-point hike
The stock market stayed relatively flat Wednesday following the release of the Federal Reserve's minutes prior to its last interest rate hike. CapWealth chief investment officer Tim Pagliara joined CBS News to discuss.
Maneuvering the housing market slowdown
Existing home sales declined once again in January for the 12th straight month, to the lowest level posted in more than 12 years. Veronica Dagher, a personal finance reporter for the Wall Street Journal, joins CBS News to discuss how you should maneuver the market if you're looking for a new home.
Rough day for the Dow Jones
The Dow Jones ended the day in the red, down about 700 points. The slide comes as big box retailers predict a rough outlook for 2024. Business journalist Kristin Myers joined CBS News to discuss what the numbers mean for the market.
Dispute emerges over back pay for furloughed workers
The 2025 government shutdown entered its eighth day on Wednesday as both sides remained locked in their positions, with no sign of relenting.
Herschel Walker confirmed as U.S. ambassador to the Bahamas
The Senate on Tuesday confirmed former football star and Georgia Senate candidate Herschel Walker to serve as U.S. ambassador to the Bahamas.
Bondi faces questions on DOJ probes, Epstein files at Senate hearing
Attorney General Pam Bondi appeared before the Senate Judiciary Committee for her first hearing since her confirmation.
Exclusive
DNI Tulsi Gabbard orders U.S. intel agency leaders to stem leaks
DNI Tulsi Gabbard issued a directive to review polygraph policies and curb press leaks, echoing actions taken by the Bush and Obama administrations.
Texas National Guard arrives in Illinois, could begin assignments Wednesday
Members of the Texas National Guard will be assigned to the protection of federal facilities and federal law enforcement personnel in the Chicago area.
Flights delayed at some airports amid air traffic controller shortage
Airports in several U.S. states are seeing flight delays as the government shutdown enters a second week.
Kentucky attorney general sues Roblox alleging a "playground for predators"
Violent games, including a simulation of the graphic shooting of activist Charlie Kirk, are seen by young children on the social gaming platform, the lawsuit alleges.
Tropical Storm Jerry forms over the central Atlantic Ocean
Tropical Storm Jerry formed Tuesday over tropical waters in the central Atlantic Ocean, the National Hurricane Center said.
Supreme Court hears arguments involving Colorado "conversion therapy" ban
The Supreme Court is hearing a challenge to a Colorado law banning "conversion therapy" for minors that was brought by a licensed counselor in the state.