Fed Reserve: "Significant" inflation risk may merit more rate hikes
Officials want more data to be confident that inflation is abating, according to the minutes of their July 25-26 meeting.
Jerome Powell
What GDP growth means for the U.S. economy
The nation's GDP grew at an annual rate of 2.4% from April to June 2023 -- a faster rate than many economists predicted. Lori Bettinger, president of Bancalliance, joined CBS News to discuss what the new figure means for the state of the economy.
Fed hikes interest rates to highest level in more than 20 years
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Fed chair believes more rate hikes coming
Unemployment numbers arrived Thursday morning with new claims decreasing over the past week. CBS News' Sarah Ewall-Wice has more on that and comments about inflation from Fed Chair Jerome Powell.
Fed chair expects more rate hikes
Federal Reserve Chairman Jerome Powell told lawmakers on Capitol Hill on Wednesday the country remains a "long way away" from reaching its goal in the fight against inflation. CBS News political and economics reporter Sarah Ewall-Wice has more.
Federal Reserve pauses interest rate hikes
For 15 months the Federal Reserve has been trying to catch up to rising inflation by slowing economic activity. The central bank announced Wednesday it will not increase interest rates for now, but warned that the pause may not last long. CBS News senior White House correspondent Weijia Jiang reports.
Why the Fed paused interest rate hikes
For the first time since March 2022, the Federal Reserve will not be raising interest rates. J.D. Durkin, on-air host for digital financial news platform TheStreet, joins CBS News to discuss the Fed's path forward.
Fed hits pause on interest rates hikes
After 10 straight interest rate hikes done in an effort to combat inflation, the Federal Reserve on Wednesday chose to pause those rate hikes. However, Federal Reserve Chair Jerome Powell did signal that more rate hikes could be coming later this year. Weijia Jiang has more.
Consumer debt passes $17 trillion
Stocks closed relatively flat as investors reacted to new consumer debt and mortgage data. Sanders Morris Harris chairman George Ball spoke with CBS News about what the numbers mean for investors and the economy.
Regional bank stocks tumble
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Investors monitoring debt ceiling, inflation data
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
What bank stock falls could mean for economy
Federal Reserve Chair Jerome Powell began a press conference Wednesday saying "the U.S. banking system is sound and resilient." Yet several regional bank shares were on the decline Thursday. Wall Street Journal banking reporter Gina Heeb breaks down the possible implications for the economy.
How interest rate hikes affect debt, loans
The Federal Reserve increased its key interest rate by a quarter of a point Wednesday, the 10th straight hike since last March. Anita Hamilton, assistant managing editor at Barron's, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the effects of the hikes.
Fed indicates pause after latest rate hike
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
Fed hikes interest rate 0.25 percentage point but signals pause
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
Fed decision on interest rates expected
A decision is expected Wednesday from the Federal Reserve on whether to raise interest rates again. CBS News reporter Sarah Ewall-Wice joined CBS News' Anne-Marie Green to discuss what to expect from the Fed and what Democratic lawmakers could do in regard to interest rates.
Fed expected to again hike interest rates
The Federal Reserve is expected to hike interest rates again in an attempt to lower high inflation rates. Jeanna Smialek, Federal Reserve and economy reporter at The New York Times, joins "CBS News Mornings" to explain the impact of the previous rate hikes and why they've continued.
Rate hike expected Wednesday
The Dow Jones slid by more than 300 points Tuesday, as investors react to plunging regional bank shares. Landsberg Bennett, chief investment officer for Private Wealth Management, joined CBS News to discuss what the developments could mean for the economy going forward.
How markets reacted to bank seizure
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
Consumer spending strong despite slowing GDP
The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.
Stock market steady after earnings reports
EMG Advisors CEO and lead portfolio manager Will McDonough spoke with CBS News' Lana Zak and Lilia Luciano about how investors are reacting to earnings reports from Goldman Sachs and some other major companies.
Reaction to latest inflation numbers
The stock market closed relatively flat Wednesday following the release of the new inflation data in the Consumer Price index. BancAlliance president Lori Bettinger joined CBS News to discuss what the information means for investors.
Crypto stocks jump
The Dow Jones closed Tuesday in the green, as investors await reports on the March consumer and producer price indexes. Axios Business reporter Nathan Bomey spoke with Lana Zak and Lilia Luciano about how the information could impact future interest rate hikes.
Fake job listings are a growing problem
Federal data shows there are more than 10 million job openings across the U.S. But a new report shows not all of those jobs really exist. CBS MoneyWatch associate managing editor Irina Ivanova joined Errol Barnett and Lana Zak to discuss.
Trump warns U.S. "will take very strong action" if Iran hangs protesters
"We don't want to see what's happening in Iran happen," President Trump said in an exclusive interview airing Tuesday on "CBS Evening News."
Over 12,000 feared dead after Iran's crackdown on protesters
Information trickling out of Iran suggests a far deadlier crackdown on protesters than previously reported.
Supreme Court seems likely to uphold state transgender athlete bans
The Supreme Court heard two cases involving laws from Idaho and West Virginia that ban transgender athletes from participating in girls' and women's sports.
Trump boosts his economic strategy in Michigan speech: "Tariff's my favorite word"
President Trump defended his tariffs at a speech in Michigan, after he visited a factory in Dearborn.
Assistant U.S. Attorney Joe Thompson resigns with other senior prosecutors
At least six prosecutors in the Minneapolis U.S. Attorney's office — including Assistant U.S. Attorney Joe Thompson — have resigned after the office was tasked with investigating the shooting of Renee Good, according to three sources familiar with the situation.
Trump is taking aim at borrowing costs. Will it work — or backfire?
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
Scott Adams, Dilbert comic strip creator, dies at age 68
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Mass resignations at DOJ Civil Rights Division, sources say
At least six prosecutors, most of whom are supervisors in the Civil Rights Division's criminal section, will be leaving their jobs.
Their 21 kids were taken by the state. They've since had more surrogate-born babies.
The couple had so many kids in their Los Angeles-area mansion a neighbor "thought it was a kindergarten." The investigation has only gotten stranger.