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The latest Consumer Price Index report shows inflation cooled last month. CBS News reporter Sarah Ewall-Wice joins Errol Barnett and Lana Zak to break down the latest data and how it could impact potential future interest rate hikes.
Stocks closed lower following latest update on inflation and warning of possible recession.
Data released Wednesday shows the Consumer Price iIdex rose 0.1% in the month of March, beating estimates from Dow Jones. Barron's economics and politics senior writer Megan Cassella joined CBS News' Omar Villafranca to discuss the latest inflation data and what it could mean ahead of the Federal Reserve meeting in May.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
The Dow Jones closed Tuesday in the green, as investors await reports on the March consumer and producer price indexes. Axios Business reporter Nathan Bomey spoke with Lana Zak and Lilia Luciano about how the information could impact future interest rate hikes.
The latest jobs report from the U.S. Labor Department showed unemployment in March at just 3.5%. Americans remain concerned over the ongoing impact of incessant inflation amid high interest rates, with the average American spending more than $700 on a new car. Michael George has more.
Sarah House, a senior economist for Wells Fargo, joins CBS News' Vladimir Duthiers and Errol Barnett to discuss the March 2023 jobs report, what it means for the economy and how it could impact the Federal Reserve's future decisions on interest rates.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Job vacancies slipped to less than 10 million last month, the fewest since May 2021 and a sign the job market is cooling.
High interest rates on car loans are impacting car sales. Keith Naughton, a reporter for Bloomberg News, shares more information on CBS News.
Surprise move by Saudi Arabia and other oil exporters to curb production could boost U.S. gasoline prices, analysts say.
New data shows some European nations are seeing inflation slow to its lowest level in a year. However, the same report shows upward pressure on prices and a rise in core inflation. CBS News anchors Weijia Jiang and Jim Axelrod spoke with Barron's reporter Megan Cassella about what this means for policymakers trying to stabilize Europe's economy.
A key inflation gauge tracked closely by the Federal Reserve slowed sharply in February. The release of the personal consumption expenditures price index Friday comes after the central bank raised interest rates for the ninth time in about a year. Ann Berry, the founder of Threadneedle, joined Jim Axelrod and Weijia Jiang to discuss that and other economic news.
Federal data shows there are more than 10 million job openings across the U.S. But a new report shows not all of those jobs really exist. CBS MoneyWatch associate managing editor Irina Ivanova joined Errol Barnett and Lana Zak to discuss.
Initial unemployment benefits ticked up for the first time in three weeks and revised federal data showed the fourth quarter GDP trimmed slightly at a 2.6% annual rate. CBS News contributor and managing editor for business and markets at Axios, Javier David joined Anne-Marie Green and Vladimir Duthiers to discuss these key economic indicators.
New data shows that U.S. home prices fell 0.2% in January, the seventh consecutive month prices have gone down. Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News's Errol Barnett and Lana Zak to discuss where prices are falling fastest and what to expect in the coming months, as the Federal Reserve may continue its interest rate hikes.
Over half of tax filers expect to receive refunds. Here's how to use that money to offset rising costs of everyday items.
CBS News business analyst Jill Schlesinger and J.D. Durkin, host of "The Street," join Errol Barnett and Elaine Quijano to discuss this week's market movers on Wall Street.
Home repairs and renovations can be daunting for anyone with delays and unexpected costs throwing a wrench into plans. A recent article in the Wall Street Journal found that since the pandemic started, some projects have turned into never-ending nightmares with more time and money needed to complete them. Wall Street Journal reporter Rachel Wolfe and general contractor Miguel Villamil joined CBS News to discuss.
Stubbornly high inflation and mounting debt are weighing on many people's finances — and their minds.
The Bank of England has raised interest rates to their highest level in 15 years. CBS News anchors Meg Oliver and Errol Barnett spoke with foreign correspondent Imtiaz Tyab about what this means for residents and the economy.
Stocks closed in the green one day after the Federal Reserve announced a quarter-point interest rate hike. Washington Post economics reporter Rachel Siegel joined CBS News to discuss what the move means for investors.
The Federal Reserve raised interest rates another quarter-point in an effort to ease inflation. In the U.K., the Bank of England also raised rates. CBS News contributor and Axios managing editor for business and markets Javier David discusses the impact with anchors Anne-Marie Green and Vlad Duthiers.
They say government helps wealthy more than middle class amid bank issues.
The Federal Reserve is raising interest rates again in an effort to ease inflation. The quarter-point hike comes amid increased concern over the U.S. banking system. CBS News political correspondent Caitlin Huey-Burns joins "Red and Blue" to discuss the White House's response.
The 2025 government shutdown entered its seventh day on Tuesday as both sides remained locked in their positions, with no sign of relenting. Follow live updates here.
The Senate on Tuesday confirmed former football star and Georgia Senate candidate Herschel Walker to serve as U.S. ambassador to the Bahamas.
Attorney General Pam Bondi appeared before the Senate Judiciary Committee for her first hearing since her confirmation.
DNI Tulsi Gabbard issued a directive to review polygraph policies and curb press leaks, echoing actions taken by the Bush and Obama administrations.
Tropical Storm Jerry formed Tuesday over tropical waters in the central Atlantic Ocean, the National Hurricane Center said.
Airports in several U.S. states are seeing flight delays as the government shutdown enters a second week.
As Israelis come together to mourn those killed two years ago by Hamas, the sounds of the ongoing war in Gaza reverberate over a solemn memorial.
"These emissions drive global warming, exacerbating the very respiratory conditions inhalers are meant to relieve," researchers wrote.
The Supreme Court is hearing a challenge to a Colorado law banning "conversion therapy" for minors that was brought by a licensed counselor in the state.