Mortgage rates have confounded house hunters this year by steadily ticking higher. That trend is likely to continue, according to economists, with some predicting rates will climb back above 7%. “We’re effectively there,” Mark Zandi, chief economist at Moody’s Analytics, told CBS News. “And rates could easily go over.” The average rate for a 30-year…
The Food and Drug Administration upgraded a recall of frozen blueberries and mixed berries sold at Publix grocery stores across the U.S. to the highest health risk level on Tuesday, according to an enforcement report. Publix on July 29 announced a recall of four varieties of frozen GreenWise organic blueberries and mixed berries sold at…
The Food and Drug Administration this week escalated a recall of 1.6 million cartons of eggs over potential salmonella contamination to its most serious classification. On Wednesday, the FDA designated the incident a “Class 1” recall, which the agency applies to product recalls “in which there is a reasonable probability that the use of…
Tons of aid from regional partners began to roll into Colombia on Wednesday, as the search for survivors in the rubble of a powerful earthquake grew more desperate after the temblor razed buildings, buckled roads and crushed cars. The devastation has tested Colombia’s new president, Abelardo de la Espriella, and his government as it scrambles to respond to the disaster…
Inflation eased for the second consecutive month, rising at a 3.4% annual pace in July, in line with economists’ expectations and a signal that some price pressures may be easing. By the numbers Economists polled by the financial data firm FactSet predicted July inflation rose at an annual rate of 3.4%. Oil prices surged in…
Washington — Democratic Rep. Alexandria Ocasio-Cortez had one request for the internet as she pointed at the camera and injected the first shot of her egg-freezing protocol: “Don’t be weird about this, even though I know all of you will be.” “That wasn’t so bad,” she said after she injected the shot into her lower…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Sen. Bill Cassidy, Republican of Louisiana Sen. Bernie Sanders, Independent of Vermont National Institutes of Health Director Dr. Jay Bhattacharya Nicole Sganga, CBS News homeland security and justice correspondent Click here to browse full transcripts from 2026 of “Face the Nation with…
The following is the transcript of an interview with Sen. Bernie Sanders, Independent of Vermont, that aired on “Face the Nation with Margaret Brennan” on Aug. 9, 2026. MARGARET BRENNAN: And we turn now to Vermont Independent Senator Bernie Sanders, who joins us from Burlington. Good morning to you, Senator Sanders. SENATOR BERNIE SANDERS: Good…
What a difference a day can make for monetary policy. On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…
The Federal Reserve said on Wednesday that it is leaving its benchmark interest rate unchanged, a sign policymakers expect inflation to ebb despite higher energy costs due to the war in Iran. This marks the fifth consecutive time the central bank has held rates steady this year. The last time Fed officials voted to change…
