Major rent surge in Tampa Bay
Housing prices nationwide are up about 20%, but they've soared far more in the Tampa Bay area. Tampa Bay's home prices spiked nearly 36% and rents are up about 22% from last year. Mark Strassmann reports.
Inflation
Federal Reserve expected to hike interest
The Federal Reserve is expected to hike interest rates for the fourth time since March in an effort to curb inflation and avoid a recession. Kris Van Cleave reports.
Business analyst on interest rate hike
With the highest inflation rates in four decades, the federal reserve has raised the short-term interest rate for the fourth time this year. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the impact this has on borrowers with mortgages, credit card debt and loans.
7/28: CBS News Mornings
Federal Reserve raises interest rates; lawmakers grill gun manufacturers.
What the Fed's latest interest-rate hike means for your money
"Extraordinary" rate hike comes on the heels of another sharp increase in June. That means debt is about to get more expensive.
Senate Democrats reach deal on bill
Senators Joe Manchin and Chuck Schumer say they have reached a deal on the Inflation Reduction Act, a bill that includes measures to fight inflation, lower drug costs and address climate change. CBS News congressional correspondent Nikole Killion breaks down the legislation and other measures that Congress is working to pass.
CBS Evening News, July 27, 2022
Fed hikes interest rates again amid recession fears; FBI honors 1st female special agents 50 years later
Fed raises interest rates again
For the fourth time this year, the Federal Reserve has raised its benchmark interest rate in a bid to slow record-high inflation. Megan Cassella, a reporter for Barron's, joined CBS News' Lana Zak to discuss.
Fed hikes interest rates yet again
The Federal Reserve raised interest rates 0.75% on Wednesday. It's the fourth rate hike this year, aimed at curbing inflation while also preventing a recession. Naomi Ruchim reports on the news. Then, Major Garrett is joined by Adam Phillips, managing director of portfolio strategy at EP Wealth Advisors, to discuss what this could mean for the economy.
7/27: CBS News Mornings
New interest rate hike expected today; Russia's space shake-up.
Federal Reserve announces interest rate hike
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
Fed hikes interest rates amid recession fears
The Federal Reserve made another move to try and tamp down rising prices by raising interest rates by 3/4 of a percentage point, the fourth hike this year. Kris Van Cleave shares the latest.
Federal Reserve hikes key interest rate by another 75 basis points
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Federal Reserve to hike interest rates
Economists and investors are bracing for another aggressive rate hike from the Federal Reserve today. The expected move would mark the fourth rate increase this year. Frances Stacy, the director of portfolio strategy for Optimal Capital, joins CBS News' Tanya Rivero and Christina Ruffini to discuss the central bank's upcoming meeting and its significance.
Stocks rise after Fed announces second consecutive 0.75% hike
Strong financial results from Alphabet, Boeing and other corporate bellwethers helped lift investors' mood.
Fed to announce interest rate decision
The Federal Reserve is expected to announce the fourth interest rate increase of the year. They're hoping to curb inflation and prevent a recession. CBS News reporter Sarah Ewall-Wice joined Vladimir Duthiers and Jericka Duncan with a closer look at how another rate hike might impact American consumers.
Blame inflation for the rising cost of a bacon, egg and cheese
At a bodega in the Bronx, the price for New Yorkers' favorite breakfast sandwich has increased by $2.
Federal Reserve preps rate hike announcement
In an effort to curb inflation, officials at the Federal Reserve are looking to hike interest rates. Finance correspondent for Insider Aaron Wineman joins CBS News Mornings with what that could mean for American's wallets.
U.S. stocks tumble over fears of another Fed rate hike
Investors and economists are bracing for another possible interest rate hike as the Federal Reserve is set to meet this week. Dion Rabouin, a reporter for the Wall Street Journal, joins CBS News to discuss what another hike could mean for the U.S. economy.
Consumer confidence index falls again
The Conference Board's consumer confidence index fell for the third straight month in July as inflation and interest rate hikes discourage spending. Steve Odland, president and CEO of The Conference Board, speaks with CBS News' Tanya Rivero and Lana Zak about why consumers are worried.
Stocks sink after weak profit report from Walmart
Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.
Yellen downplays recession risk ahead of key economic data
"We've got a very strong labor market," Treasury Secretary Janet Yellen said. "This is not an economy that's in recession."
Biden's COVID-19 symptoms almost gone, doctor says
President Biden's COVID-19 symptoms have almost completely gone away, his doctor said. CBS News political correspondent Caitlin Huey-Burns joins CBS News' Lana Zak to discuss Biden's condition, plus the White House's response to monkeypox, the upcoming GDP numbers and the semiconductor chips bill.
Republican campaign ads hammer Democrats on inflation
Democrats have spent little on ads mentioning inflation and instead are focusing on proposals to lower costs as prices soar.
Another Fed interest rate hike expected
The Federal Reserve is expected to raise its benchmark interest rate again to combat inflation. Matt Schulz, chief credit analyst for LendingTree, joined CBS News' Tanya Rivero and Nikki Battiste to discuss what Americans should know ahead of the Fed's decision.
Trump directs Pentagon to use "all available funds" to pay troops amid shutdown
The government shutdown entered its 11th day Saturday as Republicans and Democrats remain at an impasse over a spending plan, and the Trump administration began laying off thousands of federal workers.
Israel awaits the release of hostages as aid begins to flow into Gaza
The ceasefire between Israel and Hamas continues to hold as aid begins to flow into the Gaza Strip.
Biden undergoing radiation therapy, spokesperson says
Former President Joe Biden is undergoing radiation therapy and hormone treatment amid his ongoing treatment for prostate cancer, a spokesperson said.
Trump announces additional 100% tariff on Chinese goods starting next month
President Trump said Friday he will impose an additional 100% tariff on imports from China starting next month, citing new port fees — marking a significant escalation in the U.S.-China trade war.
No survivors after blast at Tennessee military explosives plant, sheriff says
The Hickman County Sheriff's Office previously reported that 18 people were still missing, but is working on the assumption that all were dead.
Hegseth announces Qatar will build air force facility at U.S. base in Idaho
The move is a sign of increasingly close ties between the U.S. and Qatar.
Zelenskyy urges Trump to broker peace in Ukraine after very "productive" call
The Ukrainian leader wrote in a social media post that if a war can be stopped in one region, "surely other wars can be stopped as well."
At least 6 killed in two separate shootings in Mississippi, officials say
The shootings in Leland and Heidelberg happened while people attended high school homecoming games.
Trump immigration official testifies on plans to deport Abrego Garcia
ICE's John Schultz said he's "confident" that once the administration receives approval from a third country to accept Abrego Garcia, he could be deported within 72 hours.