Inflation eased in October as prices for gasoline and cars cooled off
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
Inflation
Economy is a 2024 election top voter priority
The economy is the issue voters most care about when thinking ahead to the 2024 presidential elections, according to a CBS News poll. CBS News correspondent Lana Zak met with Georgia voters who are divided on the state of the economy.
Young voters to impact the 2024 elections
According to a CBS News poll, more than half of young voters definitely will vote in 2024, and only 7% say they will likely not vote. CBS News correspondent Lana Zak spoke to three young voters who pointed toward issues, and not political parties, that are influencing their votes.
What happens if GOP field keeps shrinking?
A CBS News poll is giving us a better sense of what could happen if the Republican presidential field continues to consolidate. CBS News deputy director of elections and data analytics Kabir Khanna explains.
Voters wary of economy despite positive signs
The economy is set to be a hot-button issue ahead of the 2024 presidential election. CBS News' Lana Zak spoke with people in Baldwin County, Georgia, to see how inflation is affecting daily life and how the state of the economy could influence their vote.
Prices of some Thanksgiving dinner items drop
A new report from Wells Fargo has found that turkey prices are down 9% this year, while the price of cranberries are up 20%.
Here's how many jobs are available across the U.S.
Slight increase in job openings in September indicates U.S. job market remains strong in the face of higher interest rates.
Many Americans say they're spending more than they earn: poll
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
Oil prices surge amid Israel-Hamas war
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
Mortgages rates go up, prices remain high
The climbing interest rates may be keeping prospective home buyers from moving from places they may not necessarily want to live in. Felix Salmon, chief financial correspondent for Axios, joins CBS News with more.
Social Security benefits to rise 3.2% in 2024
The Social Security Administration said its 2024 cost-of-living adjustment will be 3.2%, a much smaller bump than the 8.7% increase seniors and other beneficiaries received this year. Mark Miller, a contributor to The New York Times, joined CBS News to discuss the adjustment.
Explaining the latest on inflation
The Consumer Price Index rose 0.4% last month with energy and housing prices contributing to the increase. Greg Robb, a senior economic reporter for MarketWatch, joined CBS News to break down the numbers.
Could a housing market recession be looming?
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage "lock-in effect," which may be keeping homes off the market.
PPI up slightly higher than expected
The Producer Price Index, measuring how much wholesale goods cost, rose half a percentage point in September, slightly higher than the 0.3% some experts expected. More than 40% of the increase can be attributed to a rise in energy costs. Business journalist Kristin Myers joined CBS News to discuss the numbers.
Chipotle to raise menu prices for 4th time in 2 years
Chipotle attributes plans to bump up menu prices again to "state of the economy," a company spokesperson told Insider.
Biden's new plan for more manufacturing jobs
During President Biden's remarks today on the September jobs market, he took questions on why sentiments among Americans about the economy may not reflect what the strength this month's data yields. Biden also announced more American jobs in manufacturing. CBS News chief White House correspondent Nancy Cordes has more.
High costs still making consumers angry
People across the country remain "deeply dissatisfied" with the state of the economy even as the rate of inflation declines. Amara Omeokwe, an economics reporter with The Wall Street Journal, shares her latest reporting on why consumers remain angry.
Why Social Security's next cost-of-living hike could hurt seniors
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Apple workers go on strike in France right as the iPhone 15 hits stores
Some 200 workers from Apple stores across France joined picket lines, vying for sidewalk space with customers eager to get the new iPhone 15.
Wholesale inflation on the rise
Wholesale inflation saw its biggest month-to-month gain since June 2022 last month, with the Producer P rice Index rising seven-tenths of a percent between July and August. Alcynna Lloyd, reporter for Insider, joined CBS News to discuss the numbers.
PPI for August higher than expected
The producer price index rose seven-tenths of a percent in August, a spike driven by the cost of energy. Hope King, senior business reporter for Axios, joined CBS News to discuss what the number means and if it will lead to another interest rate hike from the Fed.
What the August rise in inflation could mean
Inflation ticked up for a second straight month in August, with the Bureau of Labor Statistics reporting the biggest month-to-month increase in consumer prices all year. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News with analysis of the numbers.
Gas price spike leads to rise in CPI
The Consumer Price Index rose six-tenths of a percentage point in August, largely driven by a spike in gas prices. CBS News contributor Javier David has more on what the number could mean for interest rates.
Inflation rose in August amid higher prices at the pump
Despite uptick in prices, Wall Street analysts still expect inflation to continue easing over the coming months.
Key inflation gauge shows prices hikes remained low in July
PCE price index indicates signs of cooling price increases, raising likelihood Fed will leave interest rates unchanged in September.
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.
Exclusive
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.
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.
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."
Helicopter crashes on Sacramento freeway; at least 3 critically injured
Officials are investigating after a medical helicopter crashed on a Sacramento freeway Monday evening.
Bill Nye warns U.S. could "cede leadership to other countries" if NASA budget is cut
Bill Nye the Science Guy on Monday protested against a federal budget proposal that would see NASA's funding reduced from $24 billion to $18.8 billion.