Fewer Americans expecting recession now — CBS News analysis
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
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The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
Cooling price growth in food, rent and energy mean that workers' pay is finally beating inflation.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
Pennsylvania's Democratic-controlled House of Representatives approved a measure that would raise the minimum wage to $15 by 2026 in a close vote Tuesday, a long-held party campaign plank that has run up against Republican legislative majorities for years.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
America's employers added a solid 236,000 jobs in March, reflecting a resilient labor market and suggesting that the Federal Reserve may see the need to keep raising interest rates in the coming months.
The average cost of a dozen Grade A eggs fell to $4.21 last month from a high of $4.82 in January.
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Despite sky-high inflation, Americans are spending big on things like vacations and cars.
Personal spending rose 1.8% in January, which is typically a sign of a strong economy.
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Valentine's spending is expected to go up year-over-year as consumers expand their gift-giving to friends — and even pets.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
The average rate for a 30-year fixed mortgage is now 6.31%.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Punishing inflation is forcing many people to economize this holiday season, while some are skipping gifts altogether.
A man was stabbed multiple times inside a Pittsburgh home, and police arrested a woman who is now in custody at the Allegheny County Jail.
A work truck with Pennsylvania plates was stolen on West Virginia's campus sometime on Friday.
Penguins fans are expected to pack PPG Paints Arena for Marc-Andre Fleury's final game in Pittsburgh.
FBI agents, along with state, local, and federal law enforcement, carried out a raid on Friday morning in Wilkinsburg, citing "specific threats of violence."
Pittsburgh's weather will be in for some warmer temperatures and not much rain over the next few days.
A man was stabbed multiple times inside a Pittsburgh home, and police arrested a woman who is now in custody at the Allegheny County Jail.
A work truck with Pennsylvania plates was stolen on West Virginia's campus sometime on Friday.
Penguins fans are expected to pack PPG Paints Arena for Marc-Andre Fleury's final game in Pittsburgh.
FBI agents, along with state, local, and federal law enforcement, carried out a raid on Friday morning in Wilkinsburg, citing "specific threats of violence."
Pittsburgh's weather will be in for some warmer temperatures and not much rain over the next few days.
President Trump's Justice Department has brought criminal charges against James Comey, indicting him on two counts, though a federal grand jury rejected one count.
The Trump administration is raising the stakes as Congress faces a looming deadline to pass a government funding bill.
President Trump on Thursday signed an executive order that paves the way for a deal brokered by his administration to keep TikTok operating in the U.S.
Jimmy Kimmel returned to his late-night show just less than a week after network broadcaster ABC pulled "Jimmy Kimmel Live!" over remarks he made about the assassination of conservative activist Charlie Kirk.
The Trump administration announced it believes acetaminophen is linked to autism risk, but the maker of Tylenol and medical experts have strongly pushed back on the claims.
As Starbucks announces its plan to close "underperforming" locations nationwide, at least two Pittsburgh stores will close their doors this weekend.
Next week, the electric vehicle tax credit will end, and if you're looking to buy a new car, you might need to act quickly.
A popular shopping destination in Robinson Township could soon have a new owner.
A Fayette County flower shop is sounding the alarm after learning another out-of-state business appears to be impersonating its company.
Several areas in Butler County fall under the voluntary notice, and it's expected to last indefinitely.
That's a wrap for this week on PTL!
We've got a special crossover this morning with colder temperatures on the horizon. Thermo Twin Windows is teaming up with KDKA Meteorologist Ray Petelin to talk about how that cool breeze during the winter can creep into your home.
When you think of flowers, you think of things like love, Valentine's Day, and the like, but with Halloween coming soon, Neubauer's Flowers has a unique selection for your home. Team PTL's Katie O'Malley checked out all they have to offer!
While most puppies learn how to sit, stay, and not chew your favorite shoes, Jeeves had a more unique journey to becoming a service dog that included a stop at a federal prison. Canine Companions stops by to tell us his story!
David and Ron are joined in studio by Daniel Hill, the owner of House Call Personal Training to learn some at-home workouts that will help fit into your busy lives!
A Fayette County flower shop is sounding the alarm after learning another out-of-state business appears to be impersonating its company.
Pittsburgh councilmembers plan on introducing new legislation that will change the zoning code for vape shops.
People who live next to a blighted and abandoned property in Sharpsburg say they're living in a nightmare.
The new year is starting at Pittsburgh's colleges and universities, but there will be fewer international students on campus.
After buying a home in Beaver County, a couple says they were appalled when they found a swastika permanently tiled into the basement floor.
President Trump's announcement this week about an alleged link between Tylenol and autism has drawn pushback from medical experts.
Andy Potocki went to the dentist in February of 2024 and asked his hygienist about some tenderness in his jaw.
The annual Walk to End Alzheimer’s is coming up this fall. Hear more about how the walk benefits Pittsburgh neighbors.
A third human case of West Nile virus has been confirmed in Allegheny County.
The Monessen City School District is aware of more than five cases of hand, foot, and mouth disease in its elementary school.
Penguins fans are expected to pack PPG Paints Arena for Marc-Andre Fleury's final game in Pittsburgh.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Spencer Horwitz went 3 for 3 with two homers and four RBIs, Tommy Pham added a two-run shot and the Pittsburgh Pirates beat the Atlanta Braves 9-3.
Fox Chapel parents voiced disappointment after the team's coaching staff asked Pine-Richland for mercy ahead of Friday's game.
A list of Pennsylvania high school football scores for September 26, 2025
Nippon Steel and U.S. Steel are pledging $100 million in upgrades to the historic plant in the Mon Valley.
A Fayette County flower shop is sounding the alarm after learning another out-of-state business appears to be impersonating its company.
Businesses in Pittsburgh are preparing for a busy weekend.
Sheetz is the second-best employer in the nation for retail workers, according to a new list from Fortune.
Forbes has ranked the top 400 richest people in America, and the list features billionaires from the Pittsburgh area.
Two major TV station owners, Sinclair and Nexstar, said they would return "Jimmy Kimmel Live!" to the air Friday after preempting the show last week.
Jimmy Kimmel returned to his late-night show just less than a week after network broadcaster ABC pulled "Jimmy Kimmel Live!" over remarks he made about the assassination of conservative activist Charlie Kirk.
These big productions mean big dollars, especially for small communities.
Pittsburgh was one of five municipalities in the United States to receive the designation in 2025.
Combs faces an Oct. 3 sentencing after his conviction by a Manhattan jury on two charges that outlaw interstate commerce related to prostitution.
Watch as teams from McGuffey, Grove City, and Ringgold high schools compete on this edition of KD Quiz!
Watch as teams from McGuffey, Grove City, and Ringgold high schools compete on this edition of KD Quiz!
Watch as teams from McGuffey, Grove City, and Ringgold high schools compete on this edition of KD Quiz!
Watch as teams from McGuffey, Grove City, and Ringgold high schools compete on this edition of KD Quiz!
Citing "specific threats of violence" FBI Pittsburgh field agents, local, and federal law enforcement carried out a raid at a Wilkinsburg home on Friday morning.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
West Virginia scored a late touchdown to tie the game and then beat Pitt in overtime to win the 108th Backyard Brawl.
Eli Holstein threw for 304 yards and 4 touchdown passes in the 45-17 Panthers' win over the Chippewas.
Spaun made a thrilling 64-foot birdie putt to win the U.S. Open at Oakmont Country Club.
It was a wet and rainy day at Oakmont Country Club for the third round of the U.S. Open.
