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News
These 3 charts highlight the affordability issues Americans worry about most
6+ mon, 2+ week ago (900+ words) Updated on: February 24, 2026 / 11:27 PM EST / CBS News President Trump gave his 2026 State of the Union address on Tuesday evening, during which he addressed, among other topics, the economy — an urgent topic of concern for millions of Americans who say they're…...
CPI report shows inflation cooled in January, with prices rising at a 2.4% annual pace
6+ mon, 3+ week ago (711+ words) Updated on: February 13, 2026 / 12:02 PM EST / CBS News The Consumer Price Index rose 2.4% in January from a year ago, below economists' forecasts and a sign that price pressures across the U.S. are easing. The CPI was expected to rise 2.5% on an annual…...
Why consumer prices jumped in May
3+ mon, 2+ day ago (54+ words) U.S. consumers paid higher prices once again in May, with inflation at its highest level in over three years. According to the latest report from the Bureau of Labor Statistics, consumer prices accelerated at an annual rate of 4.2%. CBS News MoneyWatch…...
What caused inflation to soar to its highest point in 3 years?
3+ mon, 2+ day ago (40+ words) Inflation surged again in May due to high energy costs and supply constraints worsened by the Iran war. Madison Mills, a senior reporter at Axios, joins to discuss. What caused inflation to soar to its highest point in 3 years?...
Inflation just increased again. Here's what that could mean for mortgage interest rates.
3+ mon, 2+ day ago (516+ words) Inflation just jumped to its highest point since April 2023. Here's what that may mean for mortgage interest rates. Another month, another report showing inflation surging. The inflation rate moved to 4.2% in May, the Bureau of Labor Statistics reported on Wednesday....
Gas prices drop slightly 14 weeks into Iran war
3+ mon, 6+ day ago (25+ words) Trump visited rural Wisconsin on Friday, telling farmers an economic rebound is coming. Olivia Rinaldi reports. Gas prices drop slightly 14 weeks into Iran war...
The first inflation report under new Fed chief Kevin Warsh is out — and it's not good
3+ mon, 2+ week ago (231+ words) May 28, 2026 / 8:35 AM EDT / CBS News The first inflation report under new Federal Reserve chief Kevin Warsh was released on Thursday, and it shows consumer prices in April were at their highest level in almost three years. The personal consumption expenditures…...
Does homebuying make sense this fall? Pros and cons experts say to know now
11+ mon, 1+ week ago (861+ words) September 29, 2025 / 10:49 AM EDT / CBS News Over the past few years, prospective homebuyers had to contend with elevated mortgage interest rates, low for-sale inventory and steep home prices. These factors have kept many would-be homebuyers on the sidelines, but the housing…...
CPI report shows inflation rose at a 2.7% annual pace in November, cooler than expected
8+ mon, 3+ week ago (761+ words) Updated on: December 19, 2025 / 4:13 PM EST / CBS News The Consumer Price Index rose at an annual rate of 2.7% in November, cooler than economists had forecast and a sign that price pressures may be easing. The CPI was expected to rise 3% on…...
Latest CBS News Videos
3+ mon, 3+ week ago (50+ words) President Trump on Friday hosted a swearing-in ceremony for the new Federal Reserve Chair, Kevin Warsh. Jon Hilsenrath, visiting scholar at Duke University, joins with analysis on what Warsh will face in the coming months. New Fed Chair Kevin Warsh…...