Tracking cost of cars, trucks, groceries as Trump announces new tariffs
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
Inflation
Employers added 73,000 jobs in July, falling short of forecasts
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
Top Trump economic adviser on new tariffs
President Trump's new tariffs on dozens of countries will go into effect on Aug. 7. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the potential impact on the economy.
Inflation rose around the U.S. in June amid tariff hikes
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.
Poll: Most Americans expect price hikes soon
A new round of CBS News polling shows views of the economy are slightly better than they were earlier this summer, but concerns about more price increases are weighing down the outlook. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Why did Fed keep interest rates steady again?
The Federal Reserve on Wednesday left interest rates unchanged for the fifth time in a row. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
GDP surged in the second quarter after sliding earlier this year
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
Trump adviser Peter Navarro on interest rates
President Trump has been pressuring the Federal Reserve to lower interest rates, but the central bank held them steady on Wednesday. Peter Navarro, senior counselor for trade and manufacturing to President Trump, joins "The Takeout" to explain why he believes rates should be cut.
Trump adviser Peter Navarro on tariff impacts
Much remains to be decided about President Trump's tariffs. Top trade adviser Peter Navarro joins "The Takeout" to discuss where things are headed.
Powell cautious on possible September cut
The Federal Reserve left interest rates unchanged on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Breaking down July's consumer confidence rise
New numbers show Americans have a slightly more positive outlook on the economy. The Consumer Confidence Index rose two points in July compared to June. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Federal Reserve kicks off two-day meeting
The Federal Reserve is kicking off meetings as a decision over interest rates is expected. President Trump has urged Fed chair Jerome Powell to apply a cut. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Breaking down new economic data
Consumers might be feeling more optimistic about the economy, new consumer confidence index data shows. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Parents rush to buy school supplies
The National Retail Federation says more parents than ever are bracing for price hikes and are trying to get ahead of the Aug. 1 tariff deadline by shopping for school supplies in the middle of summer. Ali Bauman has more.
Is the U.S. economy in a desperate time?
President Trump visited the Federal Reserve on Thursday, where he publicly disagreed with its chair, Jerome Powell, about the central bank's renovation costs. Following the tour, Mr. Trump denied tensions between himself and Powell, saying they had a "good meeting." CBS News MoneyWatch correspondent Kelly O'Grady reports.
Takeaways from Trump's Federal Reserve tour
President Trump visited the Federal Reserve on Thursday to tour its multi-billion-dollar renovation project. It comes amid his repeated public attacks on Fed Chair Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Johnson on Trump potentially firing Powell
House Speaker Mike Johnson told CBS News chief Washington correspondent Major Garrett that he understood President Trump's frustration with Federal Reserve Chairman Jerome Powell, adding that it's going to be "a rocky road" for the Fed chair between now and the end of his term in May 2026. CBS News MoneyWatch correspondent Kelly O'Grady and Barron's senior writer Martin Baccardax join with analysis.
Trump, Powell argue over Fed renovation costs
President Trump toured renovations at the Federal Reserve headquarters with Chair Jerome Powell on Thursday. The visit comes amid the president's criticism of Powell over the central bank holding interest rates steady. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Polling on Trump six months into second term
Six months into President Trump's second term, fresh CBS News polling is shedding light on what Americans think about his performance so far. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Congresswoman refers Fed Chair Powell to DOJ
As tensions remain high between the White House and the central bank, a Republican congresswoman is hitting Federal Reserve Chair Jerome Powell with a criminal referral to the Justice Department. CBS News MoneyWatch correspondent Kelly O'Grady joins to examine the disconnect between the Trump administration and the Fed.
Reporter's Notebook: Trump's handling of inflation
Donald Trump won in 2024 promising to fix the economy and bring down prices. Six months into his second term, he's facing the same test -- and voters are unconvinced. "CBS Evening News" co-anchor John Dickerson has more.
Low approval for Trump's handling of inflation
A new CBS News poll finds nearly two-thirds of Americans now disapprove of how President Trump is handling inflation -- the highest disapproval for him on that subject since taking office. Ed O'Keefe has details.
Investors brace for tariff deadline
Investors are bracing themselves for second-quarter corporate earnings reports. Meanwhile, Commerce Secretary Howard Lutnick said on "Face the Nation with Margaret Brennan" that the White House is expecting major trade deals over the next two weeks as President Trump's Aug. 1 tariff deadline approaches. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Poll: Trump's approval rating down
President Trump's approval rating has dropped as he marks six months in office for his second term, a new CBS News poll finds. Nancy Cordes has more details.
How Americans view Trump deportation efforts
It has been six months since President Trump began his second term. Americans shared their views on some of the administration's legislative goals, including immigration, the U.S. economy and more in a new CBS News poll. CBS News' Natalie Brand has the latest from the White House.
Trump, Putin meeting agreed on, Kremlin says
The announcement came after Trump said Wednesday there's a "good chance" he'll meet with Putin and Ukrainian President Zelenskyy soon.
Exclusive
Sean "Diddy" Combs' attorney: "I have nothing to do with a possible pardon"
In attorney Marc Agnifilo's first network TV interview since Sean "Diddy" Combs' verdict, he recounted the most publicized case of his career and said he's focused on getting Combs a fair sentence.
As Texas pushes plan to add 5 new GOP House seats, other states may follow
California may follow Texas' lead and redraw congressional districts for partisan advantage ahead of the 2026 midterm elections.
Higher U.S. tariffs officially in effect on dozens of nations
The levies hit just as the economic impact of President Trump's months-long tariffs threats was beginning to create visible damage to the U.S. economy.
This car tops the chart of most-stolen vehicles
Here's why one Chevrolet model is the most-stolen type of car, according to a new report.
Jobs revisions could signal an economic turning point, Fed official says
Federal Reserve Governor Lisa Cook said the significant downward revisions to the monthly jobs numbers could point to an economic shift.
5 soldiers shot and wounded by Army sergeant at Fort Stewart, officials say
An Army sergeant opened fire at Fort Stewart in Georgia, shooting five soldiers and prompting a brief lockdown at one the country's largest Army bases, officials said.
Boyfriend charged 30 years after slain officer gave ominous warning
Denna Campbell was shot five times in her apartment in 1995. Her department-issued handgun was missing and hasn't been found.
ChatGPT gave alarming advice to researchers posing as teens
OpenAI, the maker of ChatGPT, said its work is ongoing in refining how the chatbot can "identify and respond appropriately in sensitive situations."