Janet Yellen: The 2022 60 Minutes Interview
The treasury secretary tells Norah O’Donnell how she thinks the economy will fare in the coming year and what her department is doing to end the war in Ukraine.
Inflation
Investors anticipate Fed meeting next week
The Federal Reserve is meeting next week to decide on interest rate hikes. Geetu Sharma, founder and investment manager of AlphasFuture, discussed the state of the stock market.
Wholesale prices rose in November
Wholesale prices rose 0.3% in November, despite efforts to cool inflation. The numbers could signal another interest rate hike by the Federal Reserve. Bob Elliot, the CEO and CIO of Unlimited, joins CBS News' Lana Zak and Tanya Rivero to discuss.
U.K. overhauls financial sector
The British government has announced an overhaul of financial regulations that were originally put in place following the 2008 financial crisis. And China eases its strict "zero-COVID" policies in an effort to bring down inflation. CBS News foreign correspondent Ramy Inocencio discusses with anchors Anne-Marie Green and Meg Oliver.
Analyzing inflation, stocks, cryptocurrency
According to the Bureau of Labor Statistics' Producer Price Index that was released today, the prices of wholesale goods in the U.S. rose 0.3% for the month of November. Meanwhile, investors are trying to remain optimistic about the stock market heading into 2023. CBS News contributor and Axios managing editor of business and markets Javier David joins us to discuss.
U.S. gas prices now lower than 1 year ago
Gas prices continue to fall and are now lower than they were one year ago. While plunging gas prices have provided some relief, Americans are still facing stubbornly high inflation. Kris Van Cleave takes a look.
Yellen believes inflation will be lower in '23
"I believe inflation will be lower. I am very hopeful that the labor market will remain quite healthy," Yellen tells Norah O'Donnell. See the interview, Sunday on 60 Minutes.
Gas prices in the U.S. are now lower than a year ago
Sharp drop in average gas prices signals that this year's breakneck pace of inflation is cooling.
Yellen to unveil first U.S. currency with her signature
Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary.
Jamie Dimon warns of "mild recession"
JPMorgan Chase CEO Jamie Dimon spoke with "Face the Nation" moderator Margaret Brennan about the state of the economy and how geopolitical issues could play a role. He warned of a mild recession in 2023. Brennan joins CBS News' John Dickerson on "Prime Time" with more on the interview.
Better to buy a real or artificial Christmas tree?
A real or artificial Christmas tree? Carter Evans takes a look at which one is better for your wallet and the environment.
Surprising jobs report shows strong hiring
The Labor Department's November jobs report showed the U.S. gained 263,000 jobs last month. But fears about inflation and a possible recession remain. Meg Oliver reports.
Stocks fall with another rate hike expected
The Dow plunged over 480 points Monday as investors remain fearful the Federal Reserve could drive the economy into a recession with additional interest rate hikes. Dory Wiley, president and CEO of Commerce Street Holdings, joined CBS News' Lilia Luciano on the implications of the Fed's next move.
Stocks fall as strong data suggests difficult inflation fight
"It's more of that 'good news is bad news,'" said Tom Martin, senior portfolio manager at Globalt Investments.
Strong job numbers could signal more rate hikes
With the Labor Department on Friday reporting stronger November job numbers than expected, the Federal Reserve could react with yet another interest rate hike in an effort to curb inflation. Skyler Henry has the details.
November jobs report shows resilient market
The November jobs report released by the Labor Department Friday showed that 263,000 new jobs were added last month, and the unemployment rate remains at 3.7%. The strong labor market comes amid a flurry of recent interest rate hikes. CBS News business analyst Jill Schlesinger discussed the impact of the latest numbers, and provided some tips on avoiding financial missteps heading into 2023.
Stock market slides after jobs report
The U.S. added more than 260,000 jobs in November despite the Federal Reserve's efforts to cool off the economy by raising interest rates. J.D. Durkin, host of "TheStreet," joins CBS News from the floor of the New York Stock Exchange to discuss investors' reaction to the new report.
U.S. adds 263,000 new jobs in November
CBS News contributor Javier E. David joined Vladimir Duthiers and Anne-Marie Green with a look at the November jobs report and what it shows about the U.S. labor market as rising interest rates start to bite.
Stock market mixed after strong hiring data fans inflation worries
Stronger-than-expected wage data raised expectations Fed hikes will be more aggressive to get inflation under control.
Inflation slowed in October, gauge closely tracked by Fed shows
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Economist warns of recession next year
As the Federal Reserve continues efforts to bring Inflation down, S & P Global Ratings is warning of a mild recession in 2023. Beth Ann Bovino, chief economist for S & P Global Ratings, joined John Dickerson on "Prime Time" to discuss.
Fed hints at slower interest rate hikes
Federal Reserve Chair Jerome Powell said Wednesday that the Fed could slow interest rate hikes as soon as December. Larry Adam, chief investment officer at Raymond James, joined CBS News to discuss Powell's comments and what it could mean for the economic outlook.
U.S. economy grows despite surging inflation
After six months of decline, the U.S. Gross Domestic Product increased at an annual rate of 2.9% in the third quarter. Lori Bettinger, president of BancAlliance and the former director of the Troubled Asset Relief Program at the Treasury Department, joined CBS News to discuss this latest economic indicator.
Fed will slow down pace of interest-rate hikes, Powell says
Smaller hike shouldn't be taken as sign central bank will let up on inflation fight anytime soon, Fed chair cautions.
U.S. economy sees growth in Q3
Ryan Payne, president of Payne Capital Management, joined CBS News to discuss the latest U.S. economic indicators and what the third-quarter rise in the GDP means for consumers and the economy.
People under Hurricane Erin evacuation orders warned to "take action now"
Meteorologists are closely tracking the projected path and forecast of Hurricane Erin, which is the first hurricane to develop over the Atlantic this year.
Noem says entire southern border wall will be painted black to stop climbing
Homeland Security Secretary Kristi Noem says the entire southern border wall with Mexico is being painted black to deter illegal immigration, at President Trump's request.
U.S. to probe "anti-American" views of those applying for immigration benefits
The Trump administration has directed officials to probe any "anti-American" views and activities of immigrants applying for immigration benefits like green cards and work permits.
Politics may have spurred August purge of 5 veteran FBI agents
Details are emerging about the possible motivation behind the firing of five senior FBI agents.
Hurricane Erin forces Outer Banks evacuations, East Coast beach closures
Hurricane Erin is forcing evacuations on North Carolina's Outer Banks as it threatens to whip up wild waves, rip currents and tropical-force winds.
Unidentified flying object crashes and explodes in Poland
Local police said they received reports of the crash around 2 a.m. and found burned metal and plastic debris at the scene.
6 severed heads found on road with message about revenge
Messages are often left on victims' bodies by cartels seeking to threaten their rivals or punish behavior they claim violates their rules.
Judge blocks Texas law requiring Ten Commandments displayed in classrooms
A federal judge temporarily blocked a Texas law requiring public schools to display the Ten Commandments, ruling it likely violates the First Amendment.
DNA testing confirms Travis Decker is sole suspect in murders of daughters
Travis Decker is accused of killing his three young daughters, whose bodies were found near a campground in central Washington.