Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
Christmas traditions aren't immune to the inflation we've all been feeling this year. PNC Bank did the research and found the items in the classic song "The Twelve Days of Christmas" would cost a little more than $46,000.
It may seem hard to believe, but after the holidays, the presidential campaign season will really heat up -- and CBS News just out with a new poll on how people are feeling about the economy. CBS News pollster Anthony Salvanto joins us to explain the results.
The Farm Bureau says the cost of a Thanksgiving meal is down 4.5 percent from last year, but man Thanksgiving classics have gotten a lot pricier. CBS News’ Jo Ling Kent reports.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
With the youth unemployment rate at a 70-year low, this year's crop of new graduates is likely to have an easier time getting hired.
The government just released the latest report on inflation. CBS News Business Analyst Jill Schlesinger helps break down the report showing a decline for the first time since June 2021.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Experts tell CBS News it's a sign high inflation still has a hold on the economy, despite the Fed's efforts to tame it.
Inflation is heating back up, with the Federal Reserve's inflation gauge rising the highest we've seen in months. Consumer prices continue to rise. Experts tell CBS News it's a sign high inflation still has a hold on the economy, despite the Fed's efforts to tame it. Chicago restaurant owners tell CBS 2's Tara Molina they are getting hit twice.
While inflation overall is improving, the prices for food items like eggs continue to increase at a significant pace.
Consumer prices rose less than expected in November, a sign that inflation is cooling a bit. But costs are still up more than 7% since last year. One of the areas still rising: Food.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
Organizers said a Thanksgiving dinner last year cost as little as $12 to put together, but this year's cost will be closer to $20.
Thanksgiving dinner is going to cost more this year thanks to inflation. Rising food costs, coupled with supply chain issues are really putting the squeeze on local food pantries. CBS 2's Lauren Victory visited a community pantry in Woodridge that's facing staggering numbers.
That includes everything from appetizers to desserts sides and beverages.
Interest rates mostly impact those buying cars and homes, but businesses borrow money too, and pass along the costs to consumers.
The Federal Reserve raised its key interest rate another three-quarters of a percentage point as it battles the hottest inflation in decades. The impact of the move on consumers is wide-ranging.
The 10 most popular candy brands have seen an average price increase of 13% since 2021, according to Datasembly.
"In the minutes from the Fed's September meeting, they articulated something very clearly. They said they are much more concerned about doing too little on interest rates and inflation rather than too much,"
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Emily Dupree founded the group after her partner caught COVID at a concert, even after wearing a mask.
Comfort Agboola received a Milken Educator Award in February for her exemplary work with students in the classroom at Poe Classical Elementary School in Pullman.
One man was taken to the hospital to be treated for smoke inhalation. Two adults and two children from the apartment building were left temporarily homeless.
The Lake County Sheriff's Office announced Wednesday the arrests of Bryan Campos, 26, and Caden Hernandez, 21, both of Waukegan
Stormy Daniels was called to the witness stand to testify at former President Donald Trump's trial in New York on Tuesday.
Alderpeople are looking to try to stop rogue towers from making thousands off drivers who thought they were signing their car away to someone they could trust.
The start date for former President Trump's classified documents trial was originally scheduled for May 20.
The lawsuit claims that the measure, signed into law by President Biden, is unconstitutional.
The race for the White House tops the ballot Tuesday in Indiana's presidential and state primaries, but voters will also have to settle more competitive contests for governor, Congress, and the state legislature.
Alderpeople are looking to try to stop rogue towers from making thousands off drivers who thought they were signing their car away to someone they could trust.
Employees at dozens of now-closed Foxtrot Market and Dom's Kitchen stores, now jobless, wonder what comes next for them as their paychecks will soon end.
The family didn't get their cut of the estate sale, not hearing back from the salesman until CBS 2 got involved.
The Better Business Bureau warns that anyone buying an event ticket should watch out for fake ticket scams.
Financial records show Paul Croft and J.D. Frost raised about $30 million for a hydrogen plant that was supposed to be, at one point, in Indiana. It never existed, an attorney says.
Researchers hope their findings will inspire action to make hearing aid devices more affordable since they can cost over $1,000 per ear.
First known HIV cases from a nonsterile injection for cosmetic reasons highlights the risk of unlicensed providers.
The city's measles dashboard said a total of 63 measles cases have been confirmed in Chicago this year, with one new case this week.
The department said anyone who visited the Sam's Club at 9400 S. Western Ave. in Evergreen Park one day last week may have been exposed to someone with measles.
Health officials are warning consumers not to consume Infinite Herbs basil sold at some Trader Joe's and Dierberg's stores after 12 people were sickened.
The Illinois Worker Adjustment and Retraining Notification (WARN) Act requires employers to notify workers of mass layoffs 60 days in advance.
Mayor Brandon Johnson denied that the Bears' shiny new dome could end up costing taxpayers a pretty penny.
Employees at dozens of now-closed Foxtrot Market and Dom's Kitchen stores, now jobless, wonder what comes next for them as their paychecks will soon end.
The company announced Tuesday that it received a stalking horse bid to purchase its operating assets.
Dozens of typewriters clutter the shelves of the 24-year-old business owner's workshop inside his parents' home in Downers Grove.
For the past three months, a cast of 10 Asian American/Pacific Islander comedians has been working on the new program, "Youth in Asia (Are You Proud of Me Yet?)"
The stars came out for the the 2024 Met Gala in New York City. See some of the most eye-catching outfits of the night.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
Their 12 purifiers have traveled across the city and even on international tours, making indoor art spaces safer, cleaner, and more accessible.
Author Jonathan Eig joined CBS 2's Brad Edwards to discuss his Pulitzer Prize award-winning work, "King: A Life." To celebrate, he's inviting Lincoln Park High School students to join him at Dairy Queen!
Cyber-attacks are becoming more common, and there's one sure bet to protect yourself. Strong passwords are often recommended but many aren't following that advice.
Egg freezing comes with a lot of questions. Patient advocate Cassidy Coughlin joined CBS 2's Dana Kozlov to discuss the facts as well as the misconceptions that come along with the process.
Tobinah Kahn, president of House of Kahn Estate Jewelers, says if the items hold some sort of personal memories or value to keep and cherish it.
"What is it going to take? He's a liability."
Because cicadas are temperature-dependent, their emergences may vary depending on the location.
The tree crushed the aluminum siding on the chimney, exposing the wood frame and pink insulation fiber to the street.
The barn collapsed in the 10800 block of Weidner Road in unincorporated McHenry County outside Harvard.
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Expert panel discussion centers the focus on the disparity that 1 in 3 victims of crime in Chicago is a Black woman
Police arrived at the scene sooner than if they had waited for the first 911 call.
Anthony Robinson's attorney said his previous defense lawyer failed to present evidence that showed it was physically impossible for him to be the shooter.
The village board is working on a resolution to hire Lightfoot, a former federal prosecutor before her lone term as Chicago's mayor, to investigate claims Henyard has been misusing public funds.
DCFS Director Heidi Mueller was asked Thursday why some kids in the system are being held in psychiatric hospitals longer than medically necessary.
Marina Mabrey was gunning from deep and had a game-high 20 points.
The Cubs' Héctor Neris (2-0) pitched out of a jam in the ninth, when he retired Jackson Merrill on a pop fly with runners on first and second.
Zach Eflin allowed one run and six hits in seven innings as the Tampa Bay Rays beat the Chicago White Sox 5-1 for their fifth consecutive win.
Going in, the Blackhawks had a 13.5% chance at scoring the first overall pick, even better than last year when they got the top pick to draft Connor Bedard.
Caiden Frawley, a senior at Notre Dame College Prep's boy's volleyball team is doing more than just playing the game.
Chicago Police detectives are asking anyone with additional photos or video to give them a call.
A new scathing lawsuit accused state employees of sexually abusing 95 people while they were children detained in Illinois detention facilities.
The girl was hit on the right side of her body. She was taken to Comer Children's Hospital, and her condition was stabilized, police said.
An Oswego family's two-year search to find out what happened to a missing man has ended, after Eddie Gardner's body was found in Chicago in March.
The judge in the case granted a request by defense attorneys for more time to prepare.