Latest in Fed officials are worried about tariffs' impact on inflation and see rate cuts on hold, minutes show
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Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.The New York Times - 1d -
Fed Flags Rising Inflation Risks and Rising Uncertainty About Trump’s Policies
Rates cuts are still on the menu, but like many businesses, Fed officials are having a tough time judging the impact of Trump’s tariff and immigration plans.Inc. - 1d -
U.S. Consumers Are Increasingly Worried About Trump’s Tariff Plans
The Consumer Sentiment Index hit its lowest reading since November 2023.Inc. - 9h -
Japan's inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members
Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists' expectations of 3.1%, according to a Reuters poll.CNBC - 23h -
With tariffs ramping up, this investment option can provide protection against inflation
The threat of tariffs on imports is causing some investors to consider increasing their exposure to TIPS to help buffer their portfolios against inflation.CNBC - 8h -
Walmart’s Gloomy Sales Forecast Shows Customers Are Still Feeling the Inflation Squeeze
The company’s earnings forecast for the fiscal year fell below analysts’ expectations.Inc. - 1d -
Federal agencies that could be impacted by job cuts
A federal judge has paved the way, for now at least, for President Trump, Elon Musk and the DOGE team to go ahead with mass layoffs of federal employees. CBS News senior White House correspondent ...CBS News - 10h -
Consumer confidence dips in Trump's first month as tariff threats drive inflation fears
Consumers’ attitude toward the economy dipped during President Trump’s first month in office, according to the University of Michigan’s monthly consumer survey released Friday. Consumer sentiment ...The Hill - 8h -
Here's what to know about DOGE's impact so far
Actions from the White House's Department of Government Efficiency, known as DOGE, have led to thousands of firings and more than a dozen lawsuits. CBS News White House reporter Aaron Navarro ...CBS News - 1d -
DOGE cuts at 9/11 health program may impact first responders
Advocates for those sickened by toxins from the massive debris of 9/11 are calling on President Trump to immediately reverse cuts he made to the World Trade Center Health Program. Anthony Gardner, ...CBS News - 1d -
It’s Trump’s economy now — and businesses are anxious about tariffs and Washington upheaval
A burst of optimism among companies after Donald Trump won the U.S. presidential election has faded as business leaders grapple with potentially negative policies of the new White House.MarketWatch - 11h -
Trump officials want to ban junk food from SNAP. Past efforts show it's not easy to do
A push to ban sugary drinks, candy and more from the Supplemental Nutrition Assistance Program may soon get a boost from new Trump Administration officialsABC News - 2d -
Live Nation expects a big 2025, boosted by stadium shows, but sees some bumps in the first quarter
Live Nation Entertainment Inc. reported a dip in fourth-quarter sales Thursday, but that figure still came in above expectations, and the Ticketmaster parent said it expected bigger gains this year ...MarketWatch - 1d -
Mental health agency loses 1 in 10 to DOGE cuts, 988 hotline team impacted
Around 100 were fired from the Substance Abuse and Mental Health Services Administration.CBS News - 12h -
GOP lawmakers confronted by constituents angry about Trump-Musk cuts
Republican lawmakers have faced backlash at town halls and other events in their districts in recent days.CBS News - 5h -
Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.CNBC - 6h -
Federal worker fired by Trump administration talks about losing her dream job amid major cuts
Katie Sandlin thought she landed her dream job at the NIH as an educator. She spent her life savings to move from Alabama to just outside Washington, D.C. After only a few weeks on the job, she was ...CBS News - 12h -
John Oliver | Sunday on 60 Minutes
"Last Week Tonight" host John Oliver unleashes searing, satirical takes on the politics and problems of America, his adopted homeland. This Sunday, 60 Minutes explores how a Brit became one of the ...CBS News - 7h -
Salman Rushdie: "Knife" | 60 Minutes Archive
Salman Rushdie came to terms with the attempt on his life the only way he knew: by writing about it in his book, "Knife." He detailed the experience in his first television interview following the ...CBS News - 6h -
EastEnders gets ratings bump for 'flawless' live episode
The show, which saw viewers vote for two storylines for the first time, received praise from critics.BBC News - 14h -
A Trump DOGE Dividend Could Raise Inflation
President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.The New York Times - 1d -
Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities has set off alarm.The New York Times - 1d -
3 home equity borrowing moves to make before the March Fed meeting
With another Federal Reserve meeting set for March, potential home equity borrowers should consider these moves now.CBS News - 7h -
White House holds press briefing
Watch live coverage as White House Press Secretary Karoline Leavitt holds a press briefing.NBC News - 1d -
Smith 'not worried' by absence of pace trio against England
Australia's stand-in captain Steve Smith says he is "not worried" about the absence of his three key fast bowlers for their Champions Trophy opener against England.BBC News - 10h -
Trump removes Ice chief amid apparent frustration over rate of deportations
Caleb Vitello reassigned as administration reportedly unhappy at slow rate of arrests and deportations. Donald Trump’s presidential administration has reassigned its top official at US Immigration ...The Guardian - 5h -
Trump tariff threats rattle consumers
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Consumer confidence dips in Trump’s first month A new survey found that ...The Hill - 4h -
Trump to hold meetings on Ukraine with French and British leaders
One day after an angry exchange between Presidents Trump and Ukrainian President Volodymyr Zelenskyy, Zelenskyy met in Kyiv with Keith Kellogg, Mr. Trump's special envoy. A planned joint news ...CBS News - 1d -
What Are Those Weird Devices Basketball Players Are Holding?
Palm-cooling devices—designed to help humans bounce back quickly from exertion and heat stress by chilling their palms—are showing up on sidelines, in training camps, and wherever the heat is on.Wired - 14h -
The Price You Pay: Egg prices’ impact on bakeries
One of the downstream impacts of bird flu and the soaring egg prices: its impact on bakeries. We visit one Pittsburgh bakery struggling that’s seen egg prices soar in the last two years, and the ...NBC News - 1d -
National Park layoffs impact park goers
As the Trump administration pushes ahead with its drive to overhaul federal agencies, roughly 1,000 employees have been terminated at national parks. NBC News’ Morgan Chesky reports from Yosemite ...NBC News - 1d -
Hawks' Young after loss: Officiating 'one-sided'
Hawks All-Star guard Trae Young said the officiating was "one-sided" after Thursday night's loss to the Magic.ESPN - 16h -
Pentagon layoffs paused for now, official says
The Pentagon is pausing the impending cuts to probationary civilian employees that could have affected around 50,000 people working for the Defense Department, a U.S. official tells CBS News. ...CBS News - 8h -
Vatican says the pope now has pneumonia in both lungs. How worrying is that?
Vatican officials said that Pope Francis had developed pneumonia in both lungs, further complicating the pontiff’s recoveryABC News - 2d -
Consumer sentiment sours as worries grow over outlook for U.S. economy
Confidence dropped 10% from January to the lowest level since late 2023.MarketWatch - 11h -
The US Is Considering a TP-Link Router Ban—Should You Worry?
Several government departments are investigating TP-Link routers over Chinese cyberattack fears, but the company denies links.Wired - 13h -
Luka Doncic is likely off his minutes restriction as the Lakers return to work against Charlotte
Luka Doncic is going back to work with the Los Angeles Lakers, and he’s likely back to full speed as wellABC News - 2d -
Lower mortgage rates may tempt home buyers. But these fast-rising phantom costs could sneak up on them.
Mortgage rates are down to a nearly three-month low. But if you’re thinking of buying a home, beware of these hidden costs.MarketWatch - 11h -
Where did the home buyers go? 7% mortgage rates sap any remaining energy from the housing market
Home buyers are still struggling with affordability, the National Association of Realtors said.MarketWatch - 10h