U.S. job growth cooled in August. Here's how that impacts inflation.
Overheated labor market of the past two years may be over, raising questions about Fed's next move, experts say.
Inflation
Jackson Hole: Powell signals additional rate hikes may be necessary
Stocks are holding on to gains after Federal Reserve Chair Jerome Powell said more rate hikes could be on the way.
Issues GOP voters want discussed at debate
A new CBS News poll is providing more insight into the issues GOP voters want candidates to talk about at Wednesday's Republican presidential debate. 86% of likely Republican primary voters responded that it is "very important" to hear from candidates about plans to lower inflation. Anthony Salvanto, CBS News executive director of elections and surveys, breaks down the findings.
Americans' salary expectations at record high
Wage expectations are at their highest level in 10 years, according to new data from the Federal Reserve Bank of New York. Julia Pollak, chief economist for ZipRecruiter, joined CBS News to discuss the state of wages and the labor market.
Average new car cost in U.S. up to $48,000
The average new vehicle in the U.S. costs $48,000 and, this year, there was only one model on sale for less than $20,000, according to data from Cox Automotive. Jared Rosenholtz, editor-at-large for CarBuzz, joined CBS News to discuss how prices have changed over time and what it means for the industry.
Fewer Americans expecting recession now — CBS News analysis
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Only one new car in the U.S. now sells for under $20,000
Strong consumer demand for SUVs and trucks has left few options for price-conscious vehicle buyers.
White House touts Inflation Reduction Act
The White House is marking one year since the Inflation Reduction Act was signed into law. CBS News chief White House correspondent Nancy Cordes previewed President Biden's remarks on Wednesday and discussed his upcoming trip to the Hawaiian island of Maui following the deadly wildfires.
Fed Reserve: "Significant" inflation risk may merit more rate hikes
Officials want more data to be confident that inflation is abating, according to the minutes of their July 25-26 meeting.
Tips for saving on back-to-school shopping
As we head into the fall, it's time to tackle that back-to-school shopping list -- and this year, parents are expected to shell out a record amount of money on supplies. CBS News' Haley Ott has tips on ways to save.
Inflation cools, but costs still high
While inflation has slowed, many Americans are still seeing costs of necessities like food, shelter and energy impacting household budgets. CBS News' Carter Evans takes a deeper look.
Despite slowing inflation, many Americans still struggling with high prices
For the first time in the U.S., credit card debt has surpassed $1 trillion.
Biden says "economy remains strong"
President Biden praised the numbers in the latest consumer price index report saying it shows the "economy remains strong." The report shows inflation rose for the first time in 12 months, but not as much as experts predicted. CBS News senior White House correspondent Weijia Jiang has more.
U.S. inflation rises 0.2% in July, data shows
A new report from the Bureau of Labor Statistics shows prices for consumer goods rose two-tenths of a percent in July, bringing the annual level to 3.2%. Javier David, managing editor for business and markets for Axios, joined CBS News to go inside the numbers and discuss the possibility of further rate hikes.
Inflation rose in July, marking the first increase in a year
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
New jobs report shows solid labor market
The latest jobs report is showing a strong labor market in the face of inflation-fighting interest rate hikes, with 187,000 jobs added in July. And the unemployment rate is approaching a 50-year low at 3.5%. Daniel Zhao, lead economist at Glassdoor, joined CBS News to discuss the new numbers.
U.S. businesses add 187,000 jobs in July
U.S. businesses added 187,000 jobs in July, keeping pace with June's hiring as employers sought to add staff amid a tight labor market. Job growth has become more muted than earlier this year, Axios managing editor for business and markets Javier David joins CBS News to discuss why.
Where Biden's economic approval stands
President Biden has toured the U.S. touting his administration's economic policies, but do Americans approve of how he has handled the economy? CBS News' executive director of elections and surveys Anthony Salvanto joined "America Decides" to examine the results of new CBS polling on the topic.
Poll shows people pessimistic about economy
Inflation has cooled in recent months and the unemployment rate remains low. Still, a CBS News poll has found that most Americans are pessimistic about the economy. Mark Strassmann takes a look. Read more here.
The economy's long, hot, and uncertain summer — CBS News poll
High prices and interest rates are still weighing on personal budgets.
Minneapolis Fed president on economy
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week.
Optimistic signs about the economy
There were some positive signs last week that the economy might be holding firm. Mark Strassmann has the details.
Fed hikes interest rates to highest level in more than 20 years
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
What another interest rate hike means
The Federal Reserve is expected to raise interest rates again Wednesday afternoon after pausing in June. CBS News business analyst Jill Schlesinger discusses how this hike will affect Americans.
Rate hike likely in effort to curb inflation
The Federal Reserve will wrap up a two-day policy meeting Wednesday, and it will likely raise interest rates again to fight inflation. The Fed's policies appear to be working, as inflation is sharply lower. But not all costs are coming down at the same time. Carter Evans reports.
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.
Israeli who was captured on Oct. 7 pleads for return of other hostages
Former Israeli hostage Ohad Ben Ami tells CBS News that two years after Hamas' rampage, in his mind, he's still underground with the remaining captives.
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.
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.
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; 3 critically injured, officials say
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.