Wall Street rout deepens as Trump tariffs escalate trade war

Stocks tumbled for a second consecutive trading day, wiping out all post-election gains for the S&P 500.

• Mar 4

Here's what to know about today's inflation data from the PCE report

A large majority of Americans say their incomes aren't keeping pace with inflation. Here's what the numbers say.

• Feb 28

Analyzing new inflation report

The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.

• Feb 28
• 02:50

Why are coffee prices soaring in the U.S.?

Consumers still coping with high food costs face scalding hot coffee prices, with retail costs up 75% in recent years.

• Feb 28

Americans say incomes not keeping up with inflation — CBS News poll

Americans express concern about their ability to pay bills and save money.

• Feb 27

Poll shows continued concerns about economy

Most Americans believe their incomes aren't keeping pace with inflation, according to a new CBS News poll. CBS News executive director of elections and surveys Anthony Salvanto unpacks the findings.

• Feb 27
• 02:48

Americans plan an "economic blackout"

Activists are planning an "economic blackout" day on Feb. 28 to limit spending at major retailers. The move is part of a growing protest to rising prices across the nation. Betty Lin-Fisher, a national consumer reporter at USA Today, joins CBS News with more.

• Feb 27
• 03:40

Consumer confidence index drops sharply

New data from the consumer confidence index shows a concerning drop in economic outlook among Americans. CBS MoneyWatch correspondent Kelly O'Grady reports.

• Feb 25
• 03:44

Denny's to add egg surcharge amid shortage

With the nationwide egg shortage, Denny's said it will be adding a surcharge to every meal that includes eggs at some of its locations. The restaurant chain didn't say which of its 1,500 locations would see the surcharge.

• Feb 25
• 01:27

JB Pritzker takes jabs at Trump tariffs

Illinois Gov. JB Pritzker slammed President Trump during his State of the State address on Wednesday, saying tariffs would increase the cost of everyday goods. Pritzker, a chief critic of Mr. Trump, could be one of the many Democrats hoping to run for president in 2028. Political strategists Kevin Sheridan and Chuck Rocha join "America Decides" with analysis.

• Feb 19
• 06:34

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.

• Feb 18
• 04:10

Reps. Jim Himes & Bryan Steil on "The Takeout"

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.

• Jun 10, 2022
• 45:09

Jill Schlesinger on "The Takeout"

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.

• Jul 15, 2022
• 45:53

Hassett says Trump has "multifaceted plan" to end inflation

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.

• Feb 16
• 07:04

Wholesale prices rise 0.4% in January

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.

• Feb 13
• 04:08

Inflation rate picked up in January, CPI report shows. What it means.

The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.

• Feb 12

Inflation accelerated in January, CPI report finds

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.

• Feb 12
• 03:04

Farmer has a waiting list for eggs amid shortage

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.

• Feb 12
• 02:56

What does inflation mean for the economy?

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.

• Feb 12
• 02:54

Trump blames Biden for hot January inflation

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.

• Feb 12
• 07:11

Powell in Congress on inflation

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.

• Feb 12
• 04:45

CPI: Inflation hotter than expected in January

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.

• Feb 12
• 04:26

Here's how Trump's steel and aluminum tariffs could impact U.S. prices

President Trump on Monday ordered new tariffs on all steel and aluminum imports. Experts say some products could become pricier.

• Feb 11

Poll: Majority approve of Trump's performance

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.

• Feb 10
• 04:43

Small Washington town grapples with effects of french fry plant closure

In September, Lamb Weston closed its Connell plant, citing a decrease in fast food sales spurred by inflation.

• Feb 10

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