A key inflation measure drops to 2.1%. Here's the interest rate impact.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
Inflation
Why inflation in one battleground state could sway the election
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
Defining inflation before Election Day
The economy is a top voting issue in the 2024 elections and voter feelings about inflation and costs may differ from what data shows about the country's economic health. CBS MoneyWatch associate managing editor Aimee Picchi breaks down how inflation is impacting Americans.
How the economy is faring before Election Day
CBS News polling shows most voters have long been dissatisfied with U.S. economic conditions. But does perception match reality? Kate Davidson, managing editor for U.S. economic policy for Bloomberg News, joins "America Decides" to discuss.
How the 2025 tax brackets impact you
CBS News business analyst Jill Schlesinger breaks down the new IRS 2025 tax brackets. Each year, the agency makes adjustments to the tax code to account for inflation.
Despite signals economy is strong, voters are wary
Wall Street has seen six straight weeks of gains and with unemployment near a 50-year low, there are signs the economy is strong. However, the cost of everyday essentials is still a top-of-mind issue for voters, and although the rate of inflation is at a three-year low, consumers are still complaining food prices remain high. Michael George reports.
Shrinkflation hits 1 in 3 grocery items, including these common products
"Shrinkflation" — when companies charge the same for smaller sizes — is a sneaky way to raise prices. Read on to see what kind of products have shrunk the most.
Producer price index unchanged in September
New data from the Bureau of Labor Statistics shows the producer price index was flat in September. Dow Jones economists had predicted a tenth of a percent increase. CBS News contributor J.D. Durkin has more.
Examining Arizona voters' top issues
Arizona is one of the seven battleground states that will help determine the result of the 2024 presidential election. The state's Senate race could also determine the balance of power in Congress and a ballot measure will decide the state's abortion laws. Arizona Republic national political reporter Ron Hansen joins "The Daily Report" to discuss Arizonans' top issues.
Inflation rate hits lowest point in 3 years
Consumer prices are gradually cooling off in the U.S., according to the latest Labor Department numbers. The annual inflation rate hit 2.4% in September, the lowest point since February 2021. CBS News contributor Javier David breaks down the data.
New data on U.S. inflation
New consumer price index data shows a slight cooling in prices for some sectors in the U.S. economy. Nicholas Jasinski, a senior writer at Barron's, joins CBS News with more on what prices fell for the month of September.
Last CPI report before Election Day
The latest consumer price index report, the last that will be released before Election Day, showed inflation continued to cool in September. CBS News business analyst Jill Schlesinger has more.
Here's the 2025 COLA increase for Social Security recipients
Social Security benefits are given a cost-of-living adjustment each year. The 2025 COLA increase is the smallest since 2021.
U.S. inflation continued to cool in September, latest CPI data shows
Inflation in September fell to an annual rate of 2.4%, its lowest point since early 2021, as gas and energy costs continued to ease.
Social Security will set 2025 COLA within days. Here's what to know.
The Social Security Administration will set its 2025 cost-of-living adjustment within days. Here's what the experts say.
Jobs report blows away expectations
The September jobs report blew away expectations from economists after a slowdown in hiring in earlier data prompted the Federal Reserve's rate cut. CBS News business analyst Jill Schlesinger looks at the data.
Short-term dockworkers, port owners deal made
Dockworkers and port owners reached a tentative agreement Thursday after a strike shut down 14 ports along the East and Gulf coasts. They will negotiate a permanent contract on Jan. 15, 2025, a source said. New York Times global economics reporter Peter Goodman joins CBS News to discuss the deal.
More on dockworkers' automation concerns
U.S. dock workers on the East and Gulf coasts have been on strike for two days with no union deal in sight. The workers are demanding wage hikes and a complete ban on the use of automated cranes, gates and container-moving trucks in unloading or loading freight. CBS News' Nancy Chen has more on their concerns.
Dockworkers strike could cost billions a day
About 25,000 dockworkers from Boston to Houston went on strike over higher pay and stronger guardrails around their jobs being automated out of existence. CBS News senior business and technology correspondent Jo Ling Kent reports on the economic impact.
Shrimp farmers in Asia exploited by U.S. supermarkets, analysis finds
Unpaid and underpaid labor prevails, an analysis of research by several NGO's found, including wage deductions, "significant" debt bondage and child labor.
Key U.S. inflation gauge shows prices continued cooling in August
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
Harris tries to sharpen economic message
Vice President Kamala Harris laid out her economic vision in a speech Wednesday in Pittsburgh, Pennsylvania. Bloomberg News senior national political correspondent Nancy Cook and Washington Post national politics reporter Sabrina Rodriguez join CBS News with analysis.
Harris in Pittsburgh for economy plan
Vice President Kamala Harris will present more of her economic plans in Pittsburgh, Pennsylvania, Wednesday. This comes after former President Donald Trump made remarks in Savannah, Georgia, about the economic policies he is proposing. CBS News political director Fin Gómez and CBS News campaign reporter Olivia Rinaldi have more.
Where manufacturing fits into Trump strategy
Former President Donald Trump hammered Vice President Kamala Harris on the economy during a speech in Georgia on Tuesday. Harris is expected to unveil new economic policies of her own on Wednesday. CBS News congressional correspondent Scott MacFarlane has more.
Trump, Harris highlight economic policies
Vice President Kamala Harris and former President Donald Trump are both highlighting their economic proposals in campaign stops this week. Robert Costa has the details on both candidates' plans.
live updates
Government shutdown begins as up to 750,000 workers face furlough
The first government shutdown in nearly seven years is underway as Republicans and Democrats remain at an impasse over 2025 funding. Follow live updates here.
Jane Goodall, renowned conservationist, dies at 91
British conservationist Jane Goodall spent her life researching and educating others about chimpanzees and the natural world.
These hospitals face major flood risk. Experts say Trump is making it worse.
Hospitals across the U.S. are at risk of significant flooding, and climate experts warn that the Trump administration's cuts leave the nation less prepared.
NYC high-rise partially collapses after explosion
Emergency crews are responding to reports of a possible gas explosion and partial building collapse in the Mott Haven section of the Bronx.
Legal threats hang over governor's race after report on Sherrill's military records
The National Archives admitted it had erred in releasing a mostly unredacted version of Mikie Sherrill's military records to an ally of her opponent.
Trump decrees any attack on Qatar be treated as threat to U.S.
Weeks after Israel bombed Qatar's capital, Trump signed an executive order declaring any attack on the Arab nation will be treated as a threat to the U.S.
Iowa teen dies after being mistaken for squirrel during hunting trip
A 17-year-old hunter died in rural Iowa after he "was mistaken for a squirrel by a member of his hunting party," state officials said.
Ramen trend inspired by "KPop Demon Hunters" causing burns, doctors warn
Doctors are warning of a food trend inspired by the popular Netflix movie "KPop Demon Hunters" that is leading to serious burn injuries.
Supreme Court allows Lisa Cook to remain on Federal Reserve Board for now
A federal district ruled in September that President Trump's attempt to fire Lisa Cook from the Federal Reserve Board of Governors was likely illegal.