
Has "egg-flation" impacted the U.S. economy?
Grocery stores are scrambling as bird flu drives up "egg-flation." CBS News MoneyWatch correspondent Kelly O'Grady discusses the impact of rising egg costs on the U.S. economy.
Watch CBS News
Grocery stores are scrambling as bird flu drives up "egg-flation." CBS News MoneyWatch correspondent Kelly O'Grady discusses the impact of rising egg costs on the U.S. economy.
Members of the House Select Committee on Economic Disparity and Fairness in Growth, chairman and Connecticut Democrat Rep. Jim Himes and Wisconsin Republican Rep. Bryan Steil, join Major Garrett for this week's episode of "The Takeout" to discuss the state of the U.S. economy, soaring energy prices and what options the current administration has in curbing rising costs.
Jill Schlesinger joins Major Garrett on this week's "The Takeout." Schlesinger and Garrett discuss the different terms around inflation, how the Fed affects inflation, the effect of the pandemic on the economy, bear markets, and stupid things smart people do with their money.
Kevin Hassett, the director of the National Economic Council and President Trump's chief economic adviser, says the administration plans to address inflation through tax cuts, reductions in government spending, increased energy production, deregulation and issue-specific policies.
The producer price index jumped 0.4% in January, a mark that's higher than expected and possibly another indicator that progress against inflation has stalled. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. Martin Baccardax joins to discuss.
The Labor Department says inflation ticked up to 3% last month compared to a year ago. The increase was largely driven by the rising costs of rent, gasoline and groceries -- especially eggs, which are now facing a shortage tied to an outbreak of avian flu. Lana Zak spoke to an Iowa farmer who's meeting the challenge head on.
New data out Wednesday shows U.S. inflation accelerated faster than economists had predicted in January. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
New government data shows inflation is up 3% on an annual basis. In reaction to the hot report, President Trump blamed the surge on his predecessor, saying "BIDEN INFLATION UP!" Political strategists Hyma Moore and Justin Sayfie join "America Decides" with analysis.
Federal Reserve Chair Jerome Powell refused to testify in Congress on President Trump's remarks about the Fed's ability to lower interest rates. CBS MoneyWatch correspondent Kelly O'Grady reports.
The consumer price index shows that inflation accelerated in January at a pace economists weren't forecasting, rising 3% on an annual basis and 0.5% monthly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump on Monday ordered new tariffs on all steel and aluminum imports. Experts say some products could become pricier.
The first CBS News poll of President Trump's second term shows him with a significantly higher approval rating than he enjoyed his first time in office. CBS News executive director of elections and surveys Anthony Salvanto breaks down the numbers.
In September, Lamb Weston closed its Connell plant, citing a decrease in fast food sales spurred by inflation.
Inflation has come way down since June of 2022, when it hit 9.1%. But prices remain high, and that can have a big impact on a small town that depends on a single major employer. Jonathan Vigliotti reports from Connell, Washington.
70% of Americans say President Trump is doing what he promised in his campaign, whether they approve of his job or not, according to new CBS News polling. But a majority do say they like what they see. CBS News executive director of elections and surveys Anthony Salvanto dives into the numbers.
U.S. job growth in January was weaker than expected according to the latest Bureau of Labor Statistics data. CBS News MoneyWatch correspondent Kelly O'Grady explains what this means.
With grocery prices already more than 25% higher than five years ago, tariffs could spur increased costs for families already on a tight budget. Nancy Chen has more.
The White House levied new import duties on its three closest trading partners.
President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.
The "CBS News MoneyWatch Price Tracker" shows that a dozen eggs cost, on average, $4.15, compared to $2.51 a year ago, an increase of 65%. Hold onto your shopping carts because that number is expected to get even worse. Nancy Chen has more.
After three consecutive interest rate cuts, the Federal Reserve has decided to hit the pause button, citing a solid job market and stubborn inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more on the decision and President Trump's reaction.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.
President Trump visits Alaska today for what the White House has called a "listening exercise" with Russia's President Vladimir Putin.
Attorney General Pam Bondi issued an order Thursday that amounted to a sweeping reversal of "sanctuary" policies in D.C.
A CBS News analysis of FAA data reveals frequent red flags in flight paths near Reagan Washington National Airport in the year before January's deadly midair collision.
CBS News will have live coverage as President Trump and Russia's President Vladimir Putin hold a rare meeting Friday at Joint Base Elmendorf-Richardson in Anchorage, Alaska.
A group of masked U.S. Border Patrol agents showed up in trucks outside of the press conference at the Japanese American National Museum.
A car accident, a series of secret wiretaps, a shootout with police and a drug bust eventually led federal investigators back to cartel leaders in Mexico.
FluMist, the first self-administered flu vaccine spray, is now available for purchase. Here's everything to know, from cost to age requirements and more.
There are four metro areas across the U.S. where the median cost for a mansion is less than $1 million.