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CPI report shows inflation cooled in January, with prices rising at a 2.4% annual pace
7+ mon, 21+ hour 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, 3+ 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, 3+ 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?...
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…...
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…...
Jerome Powell's legacy as Federal Reserve chair
3+ mon, 4+ week ago (36+ words) Federal Reserve Chair Jerome Powell's last day comes after a tense tenure through a pandemic, economic turmoil and a rocky relationship with President Trump. CBS News' Emily Pandise reports. Jerome Powell's legacy as Federal Reserve chair...
What to expect as Jerome Powell's tenure ends as Federal Reserve chair
3+ mon, 4+ week ago (51+ words) Kevin Warsh is expected to take over as chair of the Federal Reserve as Jerome Powell concludes his tenure. Kristin Myers, the senior vice president of content and editor in chief of ETF.com, joins CBS News with more. What…...
Federal Reserve holds interest rates steady as Chair Powell's term nears end
4+ mon, 2+ week ago (42+ words) The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more. Federal Reserve holds interest rates steady as Chair Powell's term nears end...
Watch: Van Hollen questions Kevin Warsh on his shifting stance on interest rates
4+ mon, 3+ week ago (51+ words) Sen. Chris Van Hollen, a Maryland Democrat, voiced his concerns about Kevin Warsh's shifting stance on interest rates over the years. Van Hollen asked Warsh why he was in favor of lowering interest rates while inflation remained high. Watch: Van…...
Trump officials predict a 2026 economic boom. Here's what experts say.
7+ mon, 3+ week ago (783+ words) Updated on: January 22, 2026 / 11:25 AM EST / CBS News Senior Trump administration officials are forecasting a boom for the U.S. economy in 2026, driven by Federal Reserve interest rate cuts and historically large tax refunds. "This quarter — the first quarter of 2026 — the United States…...