Economy

Here are the five key takeaways from this week's Fed meeting

While no one expected the Fed to cut — much less hike — at this meeting, the market always looks for clues about what's next.

Georgia seeks to suspend state gas tax amid price uncertainty from Iran war

The Georgia House of Representatives voted overwhelmingly on Wednesday to put a 60-day halt on the state’s gas tax as the war with Iran hits prices at the pump.

'Historic' bidding at first Trump oil and gas lease sale in North Slope

Oil and gas companies are answering President Donald Trump’s call to “drill, baby drill” in Alaska, as the administration’s first auction for oil and gas leases in the North Slope drew hundreds of bids in what officials have called one of the “top sales” ever for the region.

Federal Reserve holds interest rates steady, citing elevated economic uncertainty

Updated on: March 18, 2026 / 4:53 PM EDT / CBS News

Analysis: The Fed's Powell just delivered a new blow to Warsh's plans for swift rate cuts

Oil prices were always going to be a problem for the next Fed nominee. On Wednesday, Jerome Powell outlined another worry.

Odds of a Fed rate hike by June are now higher than the chances for a rate cut

Something unusual is happening.

Inflation dominates Powell's remarks, pressures stocks. Plus, big earnings tonight

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

These income-generating plays can yield up to 6% as the Fed holds rate steady

Short-term bond funds, bank loans and cash assets still offer solid yields.

Fed Chair Powell Live: Iran War To Increase Inflation Short Term

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Fed Still Expects to Cut Rates Once This Year Despite Spiking Oil Prices

The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.

Wall Street is betting on Ukraine's drone technology

March 18, 2026 / 2:19 PM EDT / CBS News

By waiving the Jones Act, Trump admits protectionism hurts Americans

With oil prices spiking due to the Iranian regime’s closing of the Strait of Hormuz, President Donald Trump has waived restrictions on foreign vessels that transport commodities between U.S. ports for the next 60 days.