Fed Chair: Tariffs could drive up inflation
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Inflation
Many Americans say they need to earn six figures to feel financially set
For millions of people around the U.S., financial stability amounts to a "rare luxury," Bankrate survey finds.
Fed Chair on why rates stayed steady
The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Fed set to decide interest rates
The Federal Reserve is set to announce what's next for its benchmark interest rate on Wednesday. CBS News business contributor Javier David joins "CBS Morning News" with more on what to expect.
Investors uncertain over Iran, Israel
The ripple effect of the back-to-back strikes between Israel and Iran were seen in the U.S. stock market on Friday. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Oil prices spike amid Israel-Iran strikes
Stocks lost ground on Friday as traders kept a close eye on the conflict between Israel and Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Stocks drop, oil prices surge
Stocks tumbled and oil prices surged on Friday in the wake of Israel's strikes in Iran. CBS News MoneyWatch correspondent Kelly O'Grady has more.
More on trade framework between U.S., China
The Trump administration says it agreed to a framework for a trade deal with China. Plus, new data from the Labor Department shows inflation rose less than expected last month. CBS News' Olivia Rinaldi and Kelly O'Grady have more.
Stocks waver in wake of U.S.-China framework
The Dow Jones had an up and down day Wednesday, finishing flat after news of the U.S. and China agreeing to a framework for a trade deal and new data that showed inflation rose slightly in May, although less than economists had expected. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Inflation rate edged higher by 2.4% in May, CPI report shows
The inflation rate is inching higher, with Wall Street expecting tariffs to increase prices throughout the remainder of 2025.
inflation rose less than expected, data shows
The latest Consumer Price Index (CPI) report shows that U.S. inflation rose by 0.1% in May, which is less than expected. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down. Also, CBS News' Natalie Brand has the latest updates from the White House as President Trump boasts about an agreement with China being close to the finish line.
Bessent boasts new inflation data
Treasury Secretary Scott Bessent is testifying before the House Ways and Means Committee in Washington, D.C., where he boasted new Consumer Price Index data that showed cooling inflation. The rate did show a slight rise from April's numbers, however. Bessent also called out China after he spent days in London negotiating with senior Chinese officials on a potential trade agreement.
Toys caught in the crosshairs of Trump's tariffs
New evidence shows that President Trump's tariff policies are shaking up global trade. Imports of foreign goods plunged about 16% in April, the largest one-month drop on record. Nancy Chen dives into how the toy business is being impacted.
Timeline of Trump's steel, aluminum tariffs
The Trump administration's increased 50% tariff on steel and aluminum imports went into effect Wednesday. U.S. steel firms have praised the action, while various foreign trade partners have condemned it. CBS News MoneyWatch Correspondent Kelly O'Grady reports.
ADP employment report shows hiring slowdown
ADP's May employment report, released on Wednesday, suggests that the labor market is weakening. CBS News MoneyWatch correspondent Kelly O'Grady unpacks the data and what it could mean for the U.S. economy.
More Americans turning to "buy now, pay later" loans to purchase groceries
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
"Buy now, pay later" for groceries?
While "buy now, pay later" loans have been used for big-ticket items for years, new data shows that a growing number of American consumers use the method for everyday items. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Red Lobster's CEO on comeback strategy
Red Lobster is coming back from bankruptcy in this era of economic uncertainty. Red Lobster CEO Damola Adamolekun spoke with CBS News MoneyWatch correspondent Kelly O'Grady about the company's strategy.
Las Vegas may still dazzle, but its sparkle is coming at a steeper price
Higher prices haven't stopped convention traffic in Las Vegas, but casual trips are down.
Fewer tourists are traveling to Las Vegas
Las Vegas may still dazzle, but for many visitors, that sparkle now comes at a steeper price. Inflation is hitting hard, and that means fewer tourists are traveling to the city. Andrés Gutierrez reports.
CBS News poll: 39% say U.S. economy is good
A new CBS News poll shows that 39% of Americans rate the state of the U.S. economy as "good." Anthony Salvanto, CBS News executive director of elections and surveys, breaks down the findings.
Trump announces doubled tariffs on steel
On Friday in Pennsylvania, President Trump announced that "we are going to be imposing a 25% increase, from 25% to 50%, the tariffs on steel into the U.S., which will even further secure the steel industry in the U.S." CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.
Fed's preferred gauge shows inflation cooling
New economic data released on Friday showed higher U.S. personal income, a softening of inflation and lower trade deficits. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Key U.S inflation gauge shows price growth cooled in April
Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.
General testifies he didn't hear L.A. protests described as "rebellion"
Three officials involved in President Trump's controversial L.A. National Guard deployment testified in court.
CDC employee on Atlanta headquarter shooting: "Shocking but not surprising"
Four CDC workers told CBS News under the condition of anonymity that they were "deeply disappointed and frustrated" by an apparent lack of leadership after the shooting.
Dana White says UFC hosting first-ever White House fight on July 4
UFC CEO Dana White confirmed plans for a July 4, 2026 fight at the White House to mark America's 250th birthday.
Inflation rate rose by 2.7% in July, CPI report shows
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
Exclusive
Abbott says Texas Republicans may seek to add even more GOP congressional seats
Texas Gov. Greg Abbott tells CBS News Texas there have been discussions about trying to add as many as three GOP congressional seats in addition to the five already being sought.
Taylor Swift announces 12th studio album, "The Life of a Showgirl"
Taylor Swift announced her 12th studio album, "The Life of a Showgirl," after a countdown tease on her website. She didn't say when it would be released.
Wisconsin woman found guilty 6 years after failed assassination in U.K.
Aimee Betro covered her face in a niqab as she climbed out of a car in 2019 and tried to shoot a man at point-blank range, prosecutors said.
Gold medalist ski jumpers charged in cheating scandal caught on video
Star ski jumpers Marius Lindvik and Johann André Forfang and three others were formally charged as part of an investigation into "equipment manipulation."
Man accused of faking death, fleeing U.S. faces alleged rape victim in court
A man known in the U.S. as Nicholas Rossi, accused of faking his death and fleeing to the U.K. to avoid rape charges, faced an alleged victim in court on Monday.