Fed meeting minutes reveal deep splits on December rate cut decision
The minutes released Tuesday indicate that some Fed officials who supported the rate cut had reservations.
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The minutes released Tuesday indicate that some Fed officials who supported the rate cut had reservations.
On the last Saturday before Christmas, food and toy giveaways were held across South Florida, providing meals and gifts for those in need on Christmas morning.
Economists had expected CPI to rise at an annual rate of 3% last month.
President Trump says he's winning the war against inflation. But a look at prices around the U.S. shows why many Americans still feel financially squeezed.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Although inflation has eased, many Americans say they still feel squeezed financially. Here are five areas where households are feeling the pinch.
The percentage of Americans just scraping by financially is rising as wage growth slows and inflation flares, Bank of America finds.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Although grocery prices have continued to climb in 2025, a Thanksgiving dinner will cost 2% to 3% less this year, one analysis found.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
The rush for gold continues as economic uncertainty deepens and anxious investors seek a safe haven for their money.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
The U.S. economy picked up speed in the second half of the year, although job growth and inflation remain a concern, economists say.
Inflation has eased since peaking in 2022, but remains above the Fed's 2% annual target
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
After President Trump expressed "shock" over the pace of hiring in July, much is riding on the employment data for August.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
For months, economists warned that the Trump administration's sweeping tariffs would sharply boost consumer prices. Here's why it hasn't happened.
A powerful and deadly earthquake struck western Colombia on Monday.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
The winner of the August primary will face Republican candidate Te Brown in the November general election.
The Perseid meteor shower is the best viewing all year, according to NASA.
The city said it will provide updates on the review and the reopening timeline for individual facilities as information becomes available.
A powerful and deadly earthquake struck western Colombia on Monday.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
The winner of the August primary will face Republican candidate Te Brown in the November general election.
The Perseid meteor shower is the best viewing all year, according to NASA.
The city said it will provide updates on the review and the reopening timeline for individual facilities as information becomes available.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The winner of the August primary will face Republican candidate Te Brown in the November general election.
Ahead of a flight from Turkey, President Trump secretly left Air Force One and was moved to another plane with the help of a catering truck, according to a source, as the U.S. grappled with a threat from Iran.
Two Senate Republicans released a set of 2021 texts that show Dr. Anthony Fauci discussing how to "weigh the potential risks against the benefits" of pregnant women taking COVID-19 vaccines.
President Trump signaled he would be piling economic pressure on Iran as the stalemate continued and Tehran laid out new conditions to reopen the Strait of Hormuz.
Dr. Jay Bhattacharya, director of the National Institutes of Health, said "I trust the science" on vaccines as measles cases have risen to their highest levels in 35 years.
The race to see who will be the Democratic nominee to take on Republican Congresswoman Maria Elvira Salazar in District 27 is being closely watched.
In a statement, Moody attempted to distance herself from the affair, suggesting the blame rests with the Governor and his Administration.
Months after leaving TV news, Rodriguez is competing against former prosecutor Robin Peguero for the CD-27 nomination.
On Sunday, Collins spoke about the ruling on this week in South Florida and explained why he believes he is trailing the Republican frontrunner, Byron Donalds.
As Florida attorney general, it was Moody and her office that approved the diversion of $10 million of taxpayer money to the Hope Florida Foundation
Despite a rash of foodborne illnesses in recent months, one expert said the nation's food supply is "remarkably safe." Here's what to know.
Federal officials issued a public health alert for meat products containing jalapeños that may be linked to a salmonella outbreak that has sickened hundreds of people across at least 27 states.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
Since May, more than 11,000 cases of illness caused by the parasite cyclospora have been reported in 41 states. This comes after the Trump administration drastically cut FDA and CDC staff, prompting one expert to call this summer's outbreaks "a national wake-up call."
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Ariana Grande had been due to star alongside her "Wicked" co-star Jonathan Bailey in a production of "Sunday in the Park with George" in 2027.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
Four women say Hollywood star Jared Leto committed sexual crimes against them when they were teenagers, in interviews with the BBC.
Carly Simon, the singer known for 1970s hits like "You're So Vain," announced she has Parkinson's disease and also was treated for basal cell carcinoma.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.