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Financial Times U.S. economics editor Colby Smith joins "Red and Blue" to break down what natural gas prices skyrocketing in Europe mean for the U.S., where gas prices may go next, and how worried people should be about inflation.
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
Employers advertised fewer jobs as the economy showed signs of slowing, but there are nearly two job openings for every unemployed person.
Low-income workers are the only group not to touch their savings yet due to strong wage gains, a new analysis finds.
Some financial experts say the U.S. is headed into a recession, defined as two back-to-back quarters of falling GDP, as inflation continues to soar. In the first quarter of 2022, the U.S. GDP dropped by 1.6%. Javier David, managing editor for business and markets at Axios, joined CBS News to discuss why some experts say consumer fear could make matters worse.
Rising prices feel impossible to manage when money is already tight. These tips might help.
Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Amidst supply chain disruptions, the cost of alcohol has remained steady but there are new warnings of inflation in the industry. Scott MacFarlane reports.
Lack of availability and convenience are causing many customers to turn away from using physical coupons when they shop for groceries, despite rising prices on consumer goods. Axios Senior News Reporter Kelly Tyko shares her advice for saving money without coupons and how to best use digital options on "CBS News Mornings."
A home-grilled cheeseburger cost $2.07 this year, an increase of 21 cents from the last Fourth of July holiday, USDA says.
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
President Biden Thursday said the U.S. is better positioned to deal with inflation than any other nation in the world. David Nelson, chief strategist of Belpointe Asset Management, joins CBS News' Ben Tracy to discuss the state of the economy.
German Chancellor Olaf Scholz revealed in an exclusive interview with Margaret Brennan that Russian President Vladimir Putin is ready to wage war in Ukraine for "a long time." He also said even though Putin "will not really admit it," he "understands the deep impacts of our sanctions on his economy."
Investors are uneasy as signs point to possible recession caused by Fed interest rates hikes.
Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
Most Texans are having to drive less and cut back on spending.
Yahoo Finance anchor and reporter Akiko Fujita spoke with CBS News' Elaine Quijano and Tanya Rivero about the impacts of inflation on consumer confidence and spending. Fujita also discussed a new ban on Russian imports and how sanctions could affect the U.S. economy.
"Confidence is going to continue to shrink as long as inflation remains high," said one analyst.
Seniors are on track for the biggest cost-of-living adjustment in four decades, according to a new analysis.
Supreme Court abortion ruling sparks nationwide protests; Amid inflation concerns, many are stockpiling U.S. currency
President Biden is in Germany for the annual G-7 summit, where world leaders are set to discuss pressing global issues such as the war in Ukraine and worldwide inflation. Ed O'Keefe has the details.
Food prices are up 10%, new vehicles 12.5% and gasoline almost 50% compared to last year, according to U.S. Bureau of Labor Statistics.
Federal Reserve looking to slow spending amid record inflation; U.S. veterans who fought for Ukraine may have been captured
The government shutdown entered its 11th day Saturday as Republicans and Democrats remain at an impasse over a spending plan.
Diane Keaton had a decades-long career with performances in 1977's "Annie Hall," the "The Godfather" films, and many more.
The ceasefire between Israel and Hamas continues to hold as aid begins to flow into the Gaza Strip.
Former President Joe Biden is undergoing radiation therapy and hormone treatment amid his ongoing treatment for prostate cancer, a spokesperson said.
The Defense Department announced earlier this week that about 200 National Guard soldiers from Texas and another 300 from Illinois were federalized and sent to the Chicago area.
Humphreys County Sheriff Chris Davis confirmed 16 victims in the blast at a news conference on Saturday night.
Two people onboard the helicopter and three people on the street were hospitalized for injuries suffered in the crash.
The Ukrainian leader wrote in a social media post that if a war can be stopped in one region, "surely other wars can be stopped as well."
Alison Davis says she woke up to find her husband, Kevin Davis, face down in a pool of blood inside their New Haven, Indiana, home. She says he fell down the stairs. But after an autopsy report, police came to a different conclusion.