Inflation remains sticky, with CPI rising 2.7% from a year ago
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
Inflation
Concerning new data on U.S. inflation
New inflation data shows concerning consumer trends and sticky high prices for food and shelter. CBS MoneyWatch correspondent Kelly O'Grady reports.
CPI shows uptick in inflation for November
New data from the Labor Department shows the consumer price index, a key inflation gauge, rose 0.3% in November. That will likely impact the Federal Reserve's final interest rate decision of 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Biden touts economic legacy before Trump term
President Biden touted his economic record during a speech on Tuesday, despite high prices being a key factor in President-elect Donald Trump's win. CBS News political correspondent Caitlin Huey-Burns has more.
Appeals court upholds potential TikTok ban
A federal appeals court upheld a law Friday that would ban TikTok in the U.S. if the app's Chinese parent company, ByteDance, does not sell it. TikTok and ByteDance could still appeal the case to the Supreme Court. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the challenges of reaching a deal, with the law set to take effect on Jan. 19.
Trump tariffs could make these items more expensive
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
Mexico floats tariffs in response to Trump
President-elect Donald Trump says he will take executive action on day one to impose major tariffs on Canada, Mexico and China. So how will that impact costs for consumers? Mario Parker, Bloomberg News' managing editor of economy and government, joins "America Decides" to discuss.
What does financial success look like?
According to a new survey from financial service company Empower, Gen Z Americans believe it takes a salary of $588,000 to be considered financially successful. That's more than double the figure from other generations. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the findings.
Poll: Americans' economic outlook improving
Negative views toward the economy helped drive voters to the polls for the 2024 presidential election. According to a new CBS News poll, more Americans already feel better about the economy. CBS News executive director of elections and surveys Anthony Salvanto unpacks the numbers.
2024 Thanksgiving food costs
The American Farm Bureau Federation's annual survey found a difference between 2024 and 2023 Thanksgiving dinner prices. Business Insider senior personal finance reporter Jennifer Streaks discusses the cost changes and how to find meal deals.
Trump's proposed tariffs could raise U.S. grocery prices, analysis finds
Donald Trump's proposed tariffs could raise costs for U.S. consumers, economists say. Here's how much grocery bills could rise.
Assessing potential impact of Trump's tariffs
Americans are bracing for President-elect Donald Trump's proposed tariff hikes on imported goods. CBS News MoneyWatch correspondent Kelly O'Grady looks at the potential economic impact. Then, small business owner Andy Gossett joins to discuss what the tariffs would mean for his outdoor sporting goods company.
How inflation is impacting social lives
Inflation affects all areas of American life from grocery shopping to choosing where to live. A survey found that 37% of Americans are even neglecting their social lives due to high prices. Lifestyle expert Maureen Petrosky joins CBS News to discuss.
Wholesale prices up 0.2% in October
A day after the CPI report revealed a rise in inflation for October, the producer price index is showing a similar increase for wholesale goods. CBS News MoneyWatch correspondent Kelly O'Grady has a look at the numbers.
U.S. inflation rose in October
As inflation nears the government's two percent target, food prices continue to rise while energy costs decline. Jill Schlesinger explains what these changes mean for consumers.
What inflation data means for consumers
The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on what it means for consumers.
U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
Inflation ticks up for first time since March
The consumer price index in October rose 2.6% year-over-year, the Labor Department reported Wednesday, a higher rate than September's 2.4%. The uptick means the Federal Reserve's 2% target rate is further out of reach. Kelly O'Grady reports.
What to know about new inflation data
if a rise in inflation becomes a trend it could affect the Federal Reserve's quest to reach its target rates and keep the economy healthy. CBS News' Kelly O'Grady has more on the new data.
Inflation rises slightly
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
Inflation rises 2.6% in October
U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Analyzing the stock surge after Trump's win
The stock market hit pause Tuesday on its record-setting spike after President-elect Donald Trump's victory, but what comes after the honeymoon? CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to dive into the market surge and the months ahead.
Some U.S. grocery prices are dipping for the first time since 2020
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
Trump set to dismantle Biden climate policies
President-elect Donald Trump's victory clears the way for him to deliver on his campaign promises to dismantle many of President Biden's marquee climate policies. CBS News national environment correspondent David Schechter joins to examine what U.S. climate policy could look like under Trump.
Trump lays out some economic proposals
Voters consistently list the economy as one of the top issues that drove them to the polls. CBS News contributor J.D. Durkin breaks down President-elect Donald Trump's economic proposals and what they mean for Americans' finances.
live updates
Trump and Putin meet at high-stakes Alaska summit over ending Ukraine war
President Trump and Russian President Vladimir Putin are meeting in Alaska on Friday for a high-stakes summit over ending the war in Ukraine. Follow live updates.
Erin strengthens into hurricane, the first of 2025 Atlantic season
Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.
Trump administration faces lawsuit over "secret report" on climate change
Environmental groups and independent scientists are criticizing a report assembled by a small team of well-known climate skeptics selected by Energy Secretary Chris Wright.
D.C. sues Trump administration, Bondi over federal takeover of D.C. police
Attorney General Pam Bondi issued an order Thursday that amounted to a sweeping reversal of "sanctuary" policies in D.C.
Exclusive
Near-daily warnings preceded D.C. midair collision, FAA data shows
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.
How to watch the Trump-Putin summit in Alaska today
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.
Border Patrol agents show up outside Newsom's redistricting news conference
A group of masked U.S. Border Patrol agents showed up in trucks outside of the press conference at the Japanese American National Museum.
Tennessee car crash leads to $10 million bounty for accused cartel leader
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.
PBS slashes budget by 21% following congressional funding cuts
The PBS board voted to cut its budget by 21% on Wednesday, a month after Congress stripped away its federal funding.