Latest GDP data shows strong 3.3% pace last quarter
Economy remained resilient from October through December as Americans showed a continued to spend freely despite high interest rates.
Inflation
U.S. economy sees faster-than-expected growth
The U.S. economy ended 2023 with stronger than expected growth, the Commerce Department reported Thursday. However, it's been a tale of two economies for many Americans. Nikki Battiste explains.
1 in 3 Americans have more credit card debt than emergency savings
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
Importance of economy to New Hampshire voters
Although inflation has slowed in New Hampshire, Phil Sletten, the research director at the New Hampshire Fiscal Policy Institute, tells CBS News certain factors of the state's economy, like housing prices and shortages, continue to affect many as they prepare to vote in Tuesday's primary.
Wall Street closes out week on record upswing
The big picture on Wall Street is that it's been a solid stretch for the American economy. But for those hoping to buy a home, pay rent, or afford groceries, it's not all quite as rosy.
Home sales slowed to a crawl in 2023. Here's why.
The U.S. housing market slumped badly last year amid surging mortgage and a dearth of affordable properties, new data shows.
Economic questions for 2024 candidates
CBS News interviewed economists and policy experts across the ideological spectrum to come up with questions voters should ask to evaluate presidential candidates. Jeff Stein, White House economics reporter for the Washington Post, joins to run through the list.
Trump's national lead grows ahead of Iowa
Donald Trump is looking to achieve something Monday he failed to do in 2016: win the Iowa caucuses. Senior campaign adviser Jason Miller joins "America Decides" to discuss the state of the race.
Inflation cools but monthly expenses rise
Inflation has cooled from the high levels seen in 2022, but monthly necessities like rent and auto insurance have skyrocketed this year. CBS News' Jo Ling Kent has more on the rise in costs and what that means for the economy.
Wholesale prices fell again this month
New data on wholesale prices appears to indicate inflation may be moderating but has not yet cooled to the Federal Reserve's target. Greg Robb, an economics editor at MarketWatch, joins CBS News with insight on the new figures.
Shelter costs contribute to inflation bump
New data from the Labor Department shows inflation rose slightly to 3.4% in December. Morning Consult economist Sofia Baig joins CBS News to explain what's behind the numbers.
U.S. inflation higher than expected in December as food and rent rise
Upticks signal a longer wait for rate cuts as the Federal Reserve's war against inflation isn't won just yet.
White House quiet on Hunter Biden appearances
The White House is being pressed on Hunter Biden, who pleaded not guilty to nine federal tax charges Thursday. CBS News chief White House correspondent Nancy Cordes has the latest.
Inflation uptick reflects U.S. economic struggles
Inflation grew at an annual rate of 3.4% in December, higher than economists had predicted. The increase could impact whether the Federal Reserve chooses to lower interest rates. Higher prices and mortgage rates have also left many Americans struggling. Jo Ling Kent has more.
Inflation up more than expected in December
Inflation rose at a faster pace than expected last month as the Consumer Price Index increased by 0.3 of a percent in December. Unemployment claims dropped by 1,000 for the week ending Jan. 6. CBS News contributor Javier David has a look at the numbers.
Breaking down stock market's 1st week of 2024
The Dow Jones, NASDAQ and S&P 500 all closed relatively flat on the first Friday of 2024. Javier David, Axios managing editor for business and markets, and Kristin Myers, editor-in-chief and senior vice president of ETF.com, join CBS News to recap the week on Wall Street.
How to overcome financial stress in 2024
A new survey finds that Americans have financial success on their minds for their goals in the new year. It also reveals that personal finances are overwhelming and stressful to many people. CBS News business analyst Jill Schlesinger joins to lay out strategies that may help you balance the books in 2024.
Eurozone ends 2023 with rising inflation
New data shows consumer prices climbed higher across the eurozone in the final month of 2023. Ann Berry, founder of Threadneedle Ventures, joins CBS News to discuss what's driving the rise, and what it could mean for the U.S. economy.
Carrefour pulls Doritos and other PepsiCo products from shelves
The global supermarket chain will stop selling popular items like Doritos, Quaker Oats, Lipton tea and Pepsi soda in France, Belgium, Spain and Italy.
Why England's junior doctors are on strike
England's junior doctors have walked off the job to protest pay raises that they say are not keeping up with inflation. CBS News foreign correspondent Ramy Inocencio is looking at the factors that are contributing to the strike.
These jobs saw the biggest pay hikes across the U.S. in 2023
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
2023 a mixed bag for Wall Street, U.S. economy
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
Investors close out 2023 with a stock market gain of 24%
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
How the U.S. avoided a recession in 2023
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
Shoppers opened their wallets this holiday, defying fears of pullback
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Senate rejects funding bills again as government shutdown continues into second week
The government shutdown stretched into its sixth day on Monday with no signs of an imminent resolution.
Illinois, Chicago sue to block Trump deployment of National Guard
The state of Illinois and city of Chicago are suing the Trump administration over their plans to deploy the National Guard.
Israel and Hamas begin indirect Gaza ceasefire talks in Egypt
President Trump wants Israeli and Hamas negotiators to "move fast" in new talks aimed at securing a ceasefire in the Gaza war, spurred by his 20-point plan.
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Illegal crossings at U.S.-Mexico border plummet to lowest annual level since 1970
Unlawful crossings on the southern border have hit a 55-year low, according to figures obtained by CBS News — as President Trump cracks down on illegal immigration.
U.S. to take ownership stake in Trilogy Metals, which has Alaskan mining claims
Interior Secretary Doug Burgum said the "ownership in that company will benefit the American people."
Ex-NFL quarterback Mark Sanchez charged with felony over violent altercation
Mark Sanchez was hospitalized with multiple stab wounds following a violent altercation over the weekend.
Air traffic controllers told to keep working during government shutdown
National Air Traffic Controllers Association tells its members that failing to report to work could cost them their job.
FBI analyzed some Republican lawmakers' phone records as part of Trump Jan. 6 probe
The FBI in 2023 analyzed phone records of more than a half dozen Republican lawmakers as part of an investigation into efforts by President Trump to overturn the results of the 2020 presidential election, GOP senators say.
Helicopter crashes on Sacramento freeway; at least 3 critically injured
Officials are investigating after a medical helicopter crashed on a Sacramento freeway Monday evening.