The Federal Reserve held interest rates steady on Wednesday after hiking borrowing costs in September to clamp down on inflation. The central bank left the federal funds rate at a target range of 3.75% to 4%, keeping it unchanged after raising rates last month for the first time in three years. In a statement, the…
The winter season may bring much-needed rain and snow to parts of the United States where both have been lacking, according to the National Oceanic and Atmospheric Administration’s latest winter weather outlook. But wetter conditions expected in much of the South will unfold alongside drier-than-average winter months across the northern tier of the country, largely…
The bond market is flashing red. The yield on the 30-year Treasury note reached 5.44% on Wednesday, its highest level since 2004, before slipping slightly on Thursday morning. The 10-year Treasury, which influences mortgage rates, briefly neared 5.15% on Thursday morning, a level it last reached in 2001. Yields had already risen amid concerns about inflation…
An estimated 451,000 more people could die as a result of excessive heat in the first nine months of the current El Niño compared with a typical year, according to a report from the University of Chicago’s Climate Impact Lab. “That’s on top of the impacts from droughts, wildfires and flooding expected from hotter temperatures…
As we’ve seen in recent CBS News polling, two in three Americans want abortion in their state to be legal in at least most cases. But polling also reveals a spectrum of views on when, and under what conditions, abortion should be permitted. Of those who think abortion should be legal in all or most cases,…
The Federal Reserve raised interest rates for the first time since 2023 on Wednesday, reversing course as the Iran war drives up global energy prices and fuels inflation. The Fed raised the federal funds rate by 0.25 percentage points, bringing its target range to between 3.75% and 4% — its highest level since December 2025. The…
The Emmy Award-winning “CBS News Sunday Morning” is broadcast on CBS Sundays beginning at 9:00 a.m. ET. “Sunday Morning” also streams on the CBS News app beginning at 11:00 a.m. ET. (Download it here.) Hosted by Jane Pauley A long-range Precision Strike Missile (PrSM) is a surface-to-surface weapon that can strike targets approximately 500 kilometers away. Darrell…
Two-time Grammy-winning jazz singer Cassandra Wilson died on Sept. 1, 2026, at age 70. In this 1997 “Sunday Morning” profile, Wilson talked with correspondent Billy Taylor about her early influences, from her parents, to singers like Joni Mitchell and Richie Havens. PLUS: Watch Cassandra Wilson as a “Sunday Morning” correspondent, interviewing musician Robbie Robertson of…
The war with Iran is pushing up oil and gas prices, creating widespread financial strain on U.S. motorists, food delivery drivers, farmers as well as the U.S. Postal Service. Average U.S. gas prices topped $4 per gallon on March 31 for the first time since 2022, according to AAA. Analysts say prices are likely to remain elevated until shipping resumes in the Strait of Hormuz, a key…
Gasoline prices are surging ahead of Labor Day, with AAA predicting travelers will face the highest pump prices on record for the holiday weekend amid ongoing conflict in the Strait of Hormuz. The national average for regular gasoline reached $4.14 a gallon Thursday, up 4 cents from a week earlier, according to AAA data. Diesel averaged…
