Americans could soon see higher costs from tariffs, Fed's Hammack says
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
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Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
President Trump said he ordered his administration to fire Bureau of Labor Statistics Commissioner Erika McEntarfer after the July jobs report.
The Trump administration said new tariff rates on most U.S. trading partners will go into effect on Aug. 7. Experts believe the fees will also be felt at home. John Lawrence explains.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
President Trump announced Sunday that the United States and the European Union had reached a trade deal after meetings in Scotland. CBS News’ Weijia Jiang explains.
After you check out your book at the AADL, soon you'll be able to stay and shop at a couple local businesses without having to leave.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in three years.
A jury has awarded more than $500,000 to five men from Guatemala who said they were exploited and underpaid by a labor contractor that brought them to Michigan to work on farms.
U.S. economic growth is likely to "slow markedly" this year and next, due to tariffs and uncertainty under the Trump administration.
Many workers aren't working as much as they'd like. Here's what one expert says the federal unemployment rate fails to capture.
Japanese automaker joins other automakers in pointing to new U.S. tariffs as weighing on their financial results.
A new report by Destination Ann Arbor shows just how valuable those handful of weekends can be in the fall.
President Trump is defending his tariff and economic policies while receiving backlash over an AI-generated photo of himself dressed as the pop.
The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024.
Trump's ratings on economy are lower, but his deportation plan keeps majority support.
As climate change warms rivers, the fishing industry is increasingly threatened. One nonprofit shows how it's helping to save the fishing-tourism economy.
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
Hiring rebounded in March, signaling that the labor market remains resilient despite stronger economic headwinds.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
Most Americans say the matter of Trump administration officials discussing U.S. military plans on the Signal app is serious.
