The Fed is meeting today — will it finally cut interest rates?
After two years of rate hikes, Americans are coping with higher costs for all kinds of loans. Here's what to expect from the Fed today.
Jerome Powell
How Fed could react to hot February inflation
Consumer prices climbed again in February, according to a new U.S. Bureau of Labor Statistics report. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss if the increase could change the Fed timeline for a rate drop.
Jerome Powell: The 2024 60 Minutes Interview
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and more. Scott Pelley reports.
Fed Chair on wars and global economy
Chair Powell told 60 Minutes correspondent Scott Pelley that conflicts in Ukraine and the Middle East threaten to destabilize the global economy if they become worse.
Fed chair on immigration, economic recovery
Chair Powell said a resumption of pre-pandemic levels of immigration provided a huge boost to the labor market and played a significant role in its stabilization.
Fed Chair on AI research
In an interview at Spelman College, Federal Reserve chairman Jerome Powell said the Fed has been researching the impact artificial intelligence could have on employment, distribution of wealth and productivity in the U.S.
Jerome Powell on SVB's collapse
In an interview with 60 Minutes, chairman Jerome Powell said the Federal Reserve is working on regulations to prevent failures like Silicon Valley Bank.
Fed Chair on China Evergrande's impact
The chairman of the Federal Reserve discussed China's slowing growth and the collapse of real estate giant China Evergrande.
Fed Chair Powell on cybersecurity
In an interview with 60 Minutes correspondent Scott Pelley, chairman Jerome Powell said up-to-date cyber defense will always be essential for banks and the Federal Reserve.
Jerome Powell: Full 2024 60 Minutes interview transcript
The full text of Scott Pelley's interview with the Federal Reserve chair.
Fed Chair Jerome Powell shares why Fed hasn't yet cut interest rates
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
When will the Fed cut interest rates?
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
Fed to announce interest rate decision
The Federal Reserve is holding its first rate meeting of the year Wednesday, with interest rates expected to be left unchanged. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joined CBS News with more insight on the Fed's decision-making process.
Inflation cooled in June: What that means
Inflation cooled in June to 3%, the lowest in more than two years, according to the U.S. Labor Department's Consumer Price Index. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what this means for consumers and whether the Federal Reserve will continue to raise rates.
How the U.S. avoided a recession in 2023
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
Dow surges after Fed keeps rates unchanged
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
How Fed may respond to low October inflation
The Labor Department says the rate of inflation — which measures how much prices are rising — fell to 3.2% in October. Frances Stacey, director of strategy at Optimal Capital, joins CBS News to discuss what this means for your wallet and the country's financial outlook.
Why the Fed left interest rates unchanged
The Federal Reserve on Wednesday held its benchmark interest rate steady for a second consecutive time while upgrading its view of the U.S. economy and leaving open the possibility of additional rate hikes should inflation quicken in coming months. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined CBS News to discuss the reasoning behind the decision.
Stock futures up after shutdown averted
Wall Street index futures kicked off October on a high note after lawmakers averted a government shutdown. Investors will wait to hear from Federal Reserve Chair Jerome Powell on Monday for more on the central bank's interest-rate path. CBS News contributor Javier David, managing editor for business and markets at Axios, has more.
Federal Reserve holds interest rates steady
The Federal Reserve opted not to raise interest rates Wednesday, despite the recent uptick in the inflation rate. CBS News business analyst Jill Schlesinger and CBS News senior White House and political correspondent Ed O'Keefe join Lilia Luciano and Lana Zak to discuss the central bank's decision.
Oil cuts abroad could impact interest rates
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
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.
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.
Kilmar Abrego Garcia could be deported to Uganda, official says
The Trump administration may try to deport Kilmar Abrego Garcia to Uganda days after he was released from pre-trial detention, according to a DHS official.
Abbott says he will approve contentious GOP redistricting bill
The mid-decade map redraw adds five Republican-leaning districts and sets up a legal showdown over minority representation.
Some international postal services suspend shipment of packages to U.S.
Multiple postal services, including in India and around Europe, say they are suspending the shipment of many packages to the United States amid a lack of clarity over new import duties.
Israeli strikes in Gaza kill at least 33; famine announcement raises pressure
Hospital officials say Palestinians sheltering in tents or seeking scarce food aid were among at least 33 people killed by Israeli strikes in Gaza.
Ghislaine Maxwell's interview on Epstein case released by DOJ
The Justice Dept. released transcripts of Deputy AG Todd Blanche's two-day interview with convicted sex trafficker and Jeffrey Epstein associate Ghislaine Maxwell.
Technology helps restaurant owner recover after severe stroke
Tommy Fello struggled to regain function after a stroke affected the left side of his body. A new technology is making a difference.
5 people dead after tour bus rolls over in New York, police say
A tour bus with more than 50 passengers lost control and rolled over on the New York State Thruway near Pembroke, killing five people, police said.
Trump says U.S. government taking a 10% stake in tech giant Intel
Speaking with reporters on Friday, President Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan.
Tropical Storm Fernand forms in the Atlantic
Fernand is the sixth named storm of the 2025 Atlantic hurricane season.