Fed saw evidence of a slowing economy at its last meeting
Despite sputtering U.S. economic growth, Federal Reserve hiked interest rates to ease "unacceptably high" inflation.
Inflation
Inflation Reduction Act signed into law
President Biden has signed the Inflation Reduction Act into law after months of negotiations. Democrats said the measure addresses climate change and health care costs. CBS News senior White House and political correspondent Ed O'Keefe joined "CBS News Mornings" to discuss the legislation and provide an update on first lady Jill Biden, who is isolating following her COVID-19 diagnosis.
Inflation rate in U.K. tops 10%
Inflation in the U.K. rose to a staggering 10.1% in July compared to last year. CBS News foreign correspondent Roxana Saberi joins us from London to break down what's driving the rise in prices and how British families are coping.
U.K. inflation tops 10% on soaring food and energy costs
Britain's inflation rate soared to a new 40-year high, squeezing households. Economists expect it to get worse.
Target's profit craters after it cut prices to clear inventory
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
Key issues impacting voters ahead of the midterms
Several key primary elections will take place Tuesday in Alaska and Wyoming. Anthony Salvanto, CBS News executive director of elections and surveys, discussed some of the key issues impacting voters ahead of the November midterms.
Walmart reports better-than-expected Q2 as Americans cut costs
The company is cutting prices to get rid of excess inventory after a huge shift in how Americans spend.
MoneyWatch: Cost of rent continues to rise
The most recent CPI showed a 0.7% increase in rent prices in July. That number has continued to rise over the last year, especially for younger renters. KC Tenants' Tara Raguhveer joins CBS News to discuss the steep costs and what action the Biden administration can take.
U.S. stocks up as investors focus on economy ahead of retail data
Walmart and Home Depot kick off a host of retail earnings reports on Tuesday, followed by Lowe's and Target.
Travelers urged to take advantage of falling airline ticket prices, experts say
Airfares were down 7.8% in July compared to June, according to the latest numbers released by the Labor Department.
The Inflation Reduction Act may not lower inflation: analysis
A new analysis from the Penn Wharton Budget Model finds that wealthier taxpayers will bear the brunt of the impact.
U.S. stocks fly high, as S&P 500 ends 4th straight week of gains
Some investors believe inflation may have peaked, allowing Federal Reserve to be less aggressive with hikes.
Inflation and July's Consumer Price Index
The U.S. Labor Department has released its latest Consumer Price Index for July 2022. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down what this means for prices and the economy.
Gas prices drop under $4 average
According to AAA, the national average price for a gallon of gas has dropped to $3.99. CBS News transportation correspondent Errol Barnett joins Carter Evans to discuss the latest.
Stock market recap
It turned out to be a relatively flat day on Wall Street. The Dow opened higher but took a turn midday, with the market dipping into the red. Chief economist for The Conference Board Dana Peterson joins CBS News' Tanya Rivero and Lilia Luciano to discuss.
Gas prices fall below $4 for first time since March
The average price for a gallon of regular gas fell below $4 for the first time in five months, according to AAA. The relief comes from an increase in global oil supply and a decrease in fuel demand. Errol Barnett takes a look.
USPS announces rate increase for holiday shipping
The U.S. Postal Service is increasing rates for holiday shipping, beginning in October. First-class packages will see a surcharge depending on weight and distance.
Grocery costs are surging at the fastest rate since 1979
Americans are dipping into savings and switching to lower-cost brands as food prices climb higher.
Food costs hit highest inflation level in 40 years
Despite inflation slowing down in July, food prices are rising to levels not seen in more than 40 years. Yahoo Finance reporter Alexandra Semenova joins "CBS News Mornings" to discuss the latest.
Investors cheered by another sign U.S. inflation is easing
Economy is "experiencing a healthy deceleration, not a recession," Goldman Sachs analyst says.
U.S. inflation slows after hitting 40-year high
Economists are cautiously optimistic that inflation may be slowing as prices on gas, airline tickets and clothes all fell last month. Carter Evans takes a look.
Investors cheer July CPI report
Investors are reacting to the July Consumer Price Index report, which showed the annual rate of inflation at 8.5%, down from 9.1% in June. CBS News' Tanya Rivero and Elaine Quijano speak with Insider reporter Ben Winck on what the report means for American consumers.
U.S. stocks soar to 3-month high as inflation falls in July
Latest inflation data bolsters hopes that consumer prices have peaked and that the Fed can temper interest rate hikes.
Inflation slowed in July, showing Fed's rate hikes are working
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
MoneyWatch: Signs inflation is slowing
July's Consumer Price Index report showed a 8.5% annual inflation rate, down from 9.1% in June, which was the highest in over 40 years. The Wall Street Journal's Akani Otani joins CBS News with more on the economic impact.
Live
Gaza ceasefire in effect, Israel says, as hostage release countdown begins
Israeli Prime Minister Benjamin Netanyahu vows "Hamas will disarm," easy way or the hard way, as Israel's military says a Gaza ceasefire is in effect.
Deadly blast rips through military explosives facility in Tennessee
Officials say there was an explosion at Accurate Energetic Systems, a military explosives plant, and there are some confirmed deaths.
Live
Government shutdown live updates as Vought says layoffs "have begun"
The government shutdown entered its 10th day Friday as Republicans and Democrats remain at an impasse over a spending plan. Follow live updates.
Melania Trump working with Putin to reunite Ukrainian children with families
First Lady Melania Trump said there were plans to reunite more Ukrainian children with their families soon.
Nobel Peace Prize goes to Venezuela's Maria Corina Machado
Venezuelan opposition leader Maria Corina Machado was awarded the 2025 Nobel Peace Prize for fighting for democracy in her country.
Hegseth announces Qatar will build air force facility at U.S. base in Idaho
The move is a sign of increasingly close ties between the U.S. and Qatar.
Trump immigration official testifies on plans to deport Abrego Garcia
ICE's John Schultz said he's "confident" that once the administration receives approval from a third country to accept Abrego Garcia, he could be deported within 72 hours.
Trump threatens to jack up tariffs on China over rare-earth controls
President Trump is vowing to retaliate if China enforces stricter curbs on exports of materials used in electronics, defense weapons and high-tech products.
Girl's remains identified 14 years after massive tsunami in Japan
The disaster killed 15,900 people, with 2,520 people still listed as missing as of the end of February, according to the National Police Agency.