CPI rose at 3.4% pace in August, raising odds of Fed rate hike this month
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
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The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
Strong hiring last month was driven by gains in education and in leisure and hospitality, with the nation's jobless rate remaining steady at 4.1%.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
A sudden slump in hiring has dramatically changed the outlook for the Federal Reserve's September interest rate decision.
Fed officials are leaving their benchmark rate unchanged for a fifth straight meeting, a sign they expect inflation to ease.
The central bank is widely expected to stand pat on Wednesday, but persistent inflation concerns are reshaping expectations for the rest of 2026.
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
A mistrial was declared in the murder trial of Lindsay Clancy after jurors could not reach a unanimous decision. One of the jurors shares details on their deliberations in an interview with Gayle King.
An American Airlines reservations agent who took Betty Ong's historic 9/11 call recalls the flight attendant's bravery.
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
One Canadian whiskey maker has found a workaround to Trump's Canadian alcohol ban.
The trial of Khalid Sheikh Mohammed and three other alleged 9/11 plotters is scheduled to begin in June 2028.
Colorado district attorneys are warning of a scam increasing in frequency that targets domestic violence victims.
Finding steady work can be one of the biggest hurdles for people leaving prison or jail, but a Denver area program is working to change that.
Weld County commissioners unanimously approved GlobalAI's plans to build a data center in Northern Colorado following an extended public hearing.
Revitalizing downtown Denver has been a major focus for Mayor Mike Johnston over the past few years. While announcing the proposed 2027 city budget, he said that focus has paid off.
On Tuesday, rescue crews recovered a deceased climber who was discovered in very difficult terrain on Colorado's Maroon Peak.
The lawsuit asks the federal district court in Washington, D.C., to declare unlawful any plans to have armed agents at polling places and to prohibit federal officers from carrying weapons near voting locations or other sites where votes are collected.
Watch meteorologist Callie Zanandrie's forecast.
Stanley Marketplace in Aurora has new ownership- Magnetic Capital.
Roosevelt High School will honor first responders and military heroes during Football Friday as Windsor takes on Roosevelt.
Firefighters across Colorado will pay tribute to 9/11 with a stair climb at Republic Plaza in downtown Denver.
Ben Shelton ended Carlos Alcaraz's title reign in the latest-finishing match in U.S. Open history, pulling out the victory in a marathon tussle that ended at 3:33 a.m. Wednesday.
The Broncos are highlighting their stadium's new food and drink options for their upcoming 2026 season.
The Border War between Colorado State University and the University of Wyoming returns this weekend, continuing one of the oldest rivalries in college football.
At the U.S. Open, artificial intelligence is giving players and fans a new way to experience the tournament.
Playing together at the U.S. Open in New York for the first time in four years, Serena and Venus Williams lost in a three-set thriller match in the first round of the women's doubles tournament.
A mistrial was declared in the murder trial of Lindsay Clancy after jurors could not reach a unanimous decision. One of the jurors shares details on their deliberations in an interview with Gayle King.
An American Airlines reservations agent who took Betty Ong's historic 9/11 call recalls the flight attendant's bravery.
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
One Canadian whiskey maker has found a workaround to Trump's Canadian alcohol ban.
The trial of Khalid Sheikh Mohammed and three other alleged 9/11 plotters is scheduled to begin in June 2028.
One Canadian whiskey maker has found a workaround to Trump's Canadian alcohol ban.
The trial of Khalid Sheikh Mohammed and three other alleged 9/11 plotters is scheduled to begin in June 2028.
Four former presidents are at the World Trade Center memorial site for 9/11 commemorations, while President Trump spoke at the Pentagon.
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
The White House has not publicly released the voluntary framework for testing frontier AI models that it finalized in August.
Employer health benefit costs are projected to see the steepest increase next year since 2003. That could mean higher deductions and out-of-pocket costs for workers.
Arapahoe County Public Health has invested money to support moms and families through a bilingual doula program. Doulas are trained to give support before, during and after birth.
Lindsay Clancy's case is resonating with moms across the U.S. — bringing into focus the spectrum of perinatal mood and anxiety disorders and the lack of resources for many women.
Clean air advocates are asking local and state leaders in Colorado to act on the unhealthy ozone levels and their impacts.
If passed, the legislation would expand eligibility for residents in 57 Colorado zip codes to get compensation based on a list of eligible diseases and cancers, and would include coverage for workers and residents known as "downwinders."
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
One Canadian whiskey maker has found a workaround to Trump's Canadian alcohol ban.
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
The price of diesel has soared more than 60% over the last year, a surge energy experts say is likely to continue. Here's why.
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
Evergreen High has two new members of its community -- two dogs whose presence has become part of the daily rhythm of the school, offering students and staff something they desperately needed after a shooting shattered their sense of safety.
Denver's Board of Ethics voted unanimously to investigate two complaints against City Attorney Miko Brown.
A former student and her parents are suing a church and school, alleging officials failed to protect the girl from a music director who they say sexually assaulted her when she was 13 and then failed to properly respond when concerns surfaced.
Despite having health insurance, families in Colorado have been hit with massive medical bills after their babies spent time in NICUs.
Denver Mayor Mike Johnston's security detail drew his gun on a man at Union Station last week, the mayor's office said Monday.