Buckle up, America: The Fed wants to put you out of a job
Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
Inflation
President Joe Biden: The 2022 60 Minutes Interview
In a wide-ranging conversation with Scott Pelley, President Biden answers questions on Taiwan, inflation, the classified documents found in former President Trump's home and more.
Stocks plunge to lowest levels since 2020 on aggressive rate hikes
Investors continue to worry that Fed could hit brakes on economy too hard and cause a recession.
Small tips to save big at the grocery store
CBS News correspondent Meg Oliver takes a trip to the grocery store with consumer reports expert Brian Vines to learn small ways to save big in the grocery store.
Rising mortgage rates drive up demand to rent
Average U.S. rent costs have fallen for the first time since 2020. Nest Seekers International chief economist Erin Sykes joined CBS to discuss what's driving the trend and what renters can expect.
Medicare premiums will drop next year. Here are the savings.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
Federal Reserve hikes interest rate again
The Federal Reserve raised interest rates by three-quarters of a percentage point for the third consecutive time this year in an effort to curb inflation. CBS News business analyst Jill Schlesinger explains what's behind the move and what we should expect going forward.
Italy to be led by far-right Giorgia Meloni
As Europe is gripped by rising inflation and energy costs, Italians have voted in its most right-wing government since Benito Mussolini. As CBS News correspondent Chris Livesay reports, her campaign was marked with hallmarks of fascism and her opponents fear her right-wing policies.
MoneyWatch: Value of British pound drops
People in the U.K. are facing price increases on food and gasoline, as the British pound's value briefly dropped to an all-time low against the U.S. dollar. CBS News' Lana Zak explains what that means for Americans, then Joice Alves, a European stock market correspondent for Reuters, joins "CBS News Mornings" to share the impact she has noticed in London.
11/10: Red and Blue
President Biden's agenda polls higher than he does; New Zealand Prime Minister Ardern's toddler crashes livestream
Volatility hitting U.S. and U.K. economies
Rick Newman, a senior columnist for Yahoo Finance, joins CBS News to discuss the ongoing impact of the Federal Reserve's latest interest rate hike, the historic drop of the British pound and how concerned Americans should be about the economy.
Consumers gaining confidence as gas prices slide
But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.
Concern growing over housing market
Inflation remains over 8%, and now there are growing concerns about the housing market. A recent analysis found that more than half of the country's largest regional markets are "significantly overvalued." Mark Strassmann has more.
Face The Nation: Salvanto, Strassman, Bostic, Aguilar
Missed the second half of the show? The latest on the Battleground Tracker as the GOP House lead shrinks; Inflation, stocks, interest rates fuel economic uncertainty; Atlanta Fed chief says central bank is working to avoid "deep, deep pain" and the Jan. 6 panel having "evolving discussions" over Mike Pence's testimony.
Atlanta Fed chief: Central bank working to avoid "deep, deep pain"
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, "there is some ability for the economy to absorb our actions and slow in a relatively orderly way."
Inflation, stocks, interest rates fuel economic uncertainty
CBS News senior national correspondent Mark Strassmann reports from Atlanta on the uncertainty surrounding the economy as inflation continues, stocks fall and higher interest rates fuel a housing pullback.
DOW plunges amid fears of a recession
As cars, food and electricity become more expensive, Americans are feeling the pressure of rising inflation. The DOW dropped 486 points, its lowest since late 2020, on Friday. Michael George has the details.
Dow hits bear market territory during trading
The Dow Jones Industrial Average entered bear market territory during intraday trading Friday as investors fear a possible recession. Nancy Davis, founder and chief investment officer at Quadratic Capital Management, reacted to the steep market drop.
Stocks plunge, dragging Wall Street toward another down week
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Dow drops below 30,000 points
The Dow Jones Industrial Average dropped below 30,000 Friday for the first time since 2020. Javier David, managing editor of business and markets at Axios, joined CBS News to discuss the volatile market.
Central banks raise interest rates
Central banks around the world are risking recession and raising interest rates. They're following the lead of the U.S. Federal Reserve, which approved its third consecutive 75 basis-point hike Wednesday in the hopes of cooling inflation rates. Reuters Federal Reserve correspondent Howard Schneider joined CBS News to discuss the global impact.
Fed rate hike raises recession fears
The Federal Reserve's decision to raise interest rates yet again has renewed recession concerns on Wall Street. Chris Campbell, chief policy strategist at the Kroll Institute, reacted to the Fed's decision and how it will impact Americans.
Mortgage rates at highest level since 2007 after latest Fed hike
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Housing market slows as mortgage rates rise
The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what's driving the downturn in home sales.
Target plans to hire up to 100,000 workers for holiday season
Walmart and Target plan to begin offering deals earlier this year to ease sting of soaring inflation on shoppers.
live updates
Israel and Hamas sign deal on "first phase" of Gaza ceasefire
Israel and Hamas have signed a deal for a "first phase" ceasefire to end the two-year war in the Gaza Strip, which is expected to take effect soon.
live updates
Senate prepares for 7th round of votes to end shutdown
The government shutdown stretched into Day 9 on Thursday with more Senate votes planned. Follow live updates here.
Exclusive
In Epstein's cell, a scene of disarray without thorough inspection
Photos of Jeffrey Epstein's cell show a scene of disarray that never underwent a proper inspection, according to experts.
500 National Guard troops deployed in Chicago area amid legal battle
A federal judge is expected to rule on Thursday on a request from the governor and mayor to block the troop deployment.
Robert Roberson granted stay of execution
One week before a scheduled execution, the Texas Court of Criminal Appeals stepped in.
Colombian president alleges U.S. bombed boat from his country; White House denies
The president of Colombia alleged the U.S. military struck a boat carrying Colombian citizens — which the White House vehemently denied.
Police arrest owner of drug company linked to deaths of 21 kids
Police arrested the owner of a pharmaceutical company after a cough syrup made at his plant was linked to the deaths of at least 21 children, officials said.
Library director fired amid book dispute wins $700,000 settlement
Terri Lesley was fired amid an uproar over books with sexual content and LGBTQ+ themes that some people complained were inappropriate for youngsters.
Tropical storm Priscilla could bring flash flooding to U.S. Southwest
Tropical Storm Priscilla has been losing punch but could still bring flash flooding to the southwestern U.S. in coming days, forecasters say.