Wage growth is slowing. Blame the Federal Reserve.
Some policy experts are urging the central bank to stop jacking up interest rates before it tanks the economy.
Inflation
Why Shopify is limiting company meetings
Harley Finkelstein, the president of Shopify, joins Lilia Luciano and Lana Zak to discuss what consumers are buying and how the rise of online retail has affected consumer spending, as well as discusses how Shopify's decision to cut back its meetings has benefited the company.
MoneyWatch roundup
The Consumer Confidence Index fell in February for a second straight month. And President Biden is nominating Julie Su to lead the Labor Department. Marketwatch market editor Bill Watts joined CBS News to discuss the latest on the economy.
Consumer confidence slips again in February
Stubborn inflation and anxiety over slowing economic growth is weighing on Americans, new sentiment data shows.
Americans in their 30s struggle with debt
Americans in their 30s are struggling with mounting debt, surpassing other age groups, and rising interest rates are making it harder to pay the bills. CBS News' Tony Dokoupil and Lilia Luciano are joined by Yahoo Finance reporter Akiko Fujita.
U.S. recession expected to start later than previously forecast
Majority of NABE survey respondents who envision a recession in 2023 don't see it happening until after March.
U.S. consumers undeterred by inflation, report shows
Although U.S. inflation continues to remain high, it's not stopping Americans from spending on everything from everyday essentials to pricey vacations. A Commerce Department report released Friday found that consumer spending rose 1.8% in January. Michael George has the details.
New inflation data could change rate hike strategy
The stock market fell on Friday as investors responded to the latest inflation data which came in higher than expected. Brian Vendig, president of MJP Wealth Advisors, joined CBS News to discuss how the latest data could force the Federal Reserve to raise interest rates higher than anticipated.
Federal Reserve likely to cause a recession, research says
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
The Fed's favorite inflation gauge shows prices accelerated in January
Report signals the U.S. remains gripped by high inflation, sparking fears of more interest rate hikes by the Fed.
U.S. economy grew less in 4th quarter
Federal Reserve and economy reporter for The New York Times, Jeanna Smialek, joins CBS News to discuss the latest GDP data and what it means for the economy.
Market working to keep grocery prices down
Aziz Osmani, the co-owner and head purchaser at Kalustyan's market in New York, joins CBS News' Lana Zak to discuss how he is working to keep prices down amid high inflation.
U.S. economy slowed more than expected last quarter
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
Fed notes released on quarter-point hike
The stock market stayed relatively flat Wednesday following the release of the Federal Reserve's minutes prior to its last interest rate hike. CapWealth chief investment officer Tim Pagliara joined CBS News to discuss.
Maneuvering the housing market slowdown
Existing home sales declined once again in January for the 12th straight month, to the lowest level posted in more than 12 years. Veronica Dagher, a personal finance reporter for the Wall Street Journal, joins CBS News to discuss how you should maneuver the market if you're looking for a new home.
Rough day for the Dow Jones
The Dow Jones ended the day in the red, down about 700 points. The slide comes as big box retailers predict a rough outlook for 2024. Business journalist Kristin Myers joined CBS News to discuss what the numbers mean for the market.
Stocks tumble on worries of company profits, higher rates squeeze
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
What moved stocks and economy this week
Dow Jones Industrial Average made gains Friday but still ended the week in the red. J.D. Durkin, host of "The Street," and Javier David, a CBS News contributor and the managing editor of business and markets at Axios, join CBS News to recap this week's biggest market movers.
Here are the latest tech layoffs as the industry shudders
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
MoneyWatch: How to lower credit card debt
Personal finance columnist Michelle Singletary joins CBS News' Errol Barnett and Elaine Quijano to offer some tips for lowering credit card debt as consumers grapple with inflation and rising interest rates.
Dow Jones plummets after inflation report
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
Latest numbers on inflation trends
The Producer Price Index rose 0.7% in the month of January, suggesting inflation pressures continue to hit the economy. CBS MoneyWatch reporter Aimee Picchi joined Anne-Marie Green and Nancy Chen to discuss what the numbers mean for consumers and why prices remain high at the grocery store.
Unemployment likely to surge this year, CBO says
U.S. debt is projected to almost double to $46.4 trillion in 2033, partly due to higher costs for Social Security.
53% of student borrowers say financial health tied to debt relief
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
IRS: State payments not subject to federal tax
The Internal Revenue Service says it will not be collecting federal taxes against payments issued in several states last year to offset inflation. But, certain requirements are being imposed in some states. Rebecca Walser, president of Walser Wealth Management, joins CBS News' Lilia Luciano and Lana Zak to answer questions about the tax confusion.
House committee to make Epstein files public after Justice Department subpoena
The House Oversight Committee intends to release the documents related to the Jeffrey Epstein case, a spokesperson said.
Hurricane Erin threatens East Coast with dangerous rip currents
Meteorologists are closely tracking the projected path and forecast of Hurricane Erin, which is the first hurricane to develop over the Atlantic this year.
Maps show Ukrainian territories claimed by Russia
Russian troops currently control about 20% of Ukrainian territory, but the Ukrainian constitution forbids giving up territory or trading land.
Exclusive
U.S. strikes deportation deals with Honduras and Uganda, documents show
The U.S. has expanded its campaign to persuade countries to aid its crackdown on illegal immigration by accepting deportations of migrants who are not their own citizens.
Walmart recalls Great Value shrimp after FDA warns of radioactive risk
Some packages of Great Value frozen shrimp sold at Walmart are at risk for potential for Cesium-137 contamination, the FDA says.
Trump working to arrange a summit between Putin, Zelenskyy
President Trump is working to coordinate a meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy after Monday's talks.
Venezuela deploying millions of militia after "outlandish threats" by U.S.
The U.S. military has also reportedly deployed several vessels to the southern Caribbean, as part of President Trump's crackdown on Latin American drug cartels.
Hurricane Erin forces Outer Banks evacuations; East Coast beaches close
Hurricane Erin is forcing evacuations on North Carolina's Outer Banks as it threatens to whip up wild waves and tropical force winds.
State Department revokes over 6,000 student visas
More than a million foreign students study in the U.S. each year.