Fed lowers interest rates by 0.25 percentage points in third straight cut
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
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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.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
Hialeah police said the victim was hit by a 4-door, black vehicle that fled the scene.
Hazmat crews deployed to the Pentagon on Thursday and a shelter-in-place was in effect for what authorities described as a "hazardous materials incident."
The driver, identified as 62-year-old Darrell Simon, was arrested on his 3rd DUI charge in the past 10 years, the sheriff's office says.
There is a moderate risk for heat-related illness on Thursday for sensitive groups.
George Pino faces manslaughter and vessel homicide charges in connection with the crash near Boca Chita Key in Biscayne Bay in 2022.
Hialeah police said the victim was hit by a 4-door, black vehicle that fled the scene.
George Pino is facing manslaughter and vessel homicide charges after the boat crash near Boca Chita Key in Biscayne Bay in 2022.
Hazmat crews deployed to the Pentagon on Thursday and a shelter-in-place was in effect for what authorities described as a "hazardous materials incident."
The driver, identified as 62-year-old Darrell Simon, was arrested on his 3rd DUI charge in the past 10 years, the sheriff's office says.
There is a moderate risk for heat-related illness on Thursday for sensitive groups.
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.
Hazmat crews deployed to the Pentagon on Thursday and a shelter-in-place was in effect for what authorities described as a "hazardous materials incident."
Florida Attorney General James Uthmeier reported a net worth of $1.27 million in a newly filed financial disclosure, showing an increase from last year.
Cuba's top diplomat to the United States says recent sanctions targeting the island's leadership and the indictment of former President Raúl Castro are a "pretext" for the Trump administration to persuade the American people to support a U.S. military intervention in Cuba.
A new analysis warns a proposed FEMA overhaul by a Trump-appointed panel would limit access to disaster aid for survivors, shifting the burden to state and local agencies amid hurricane season.
The House passed Republicans' $70 billion bill to fund immigration enforcement agencies for the rest of the Trump administration.
Florida House Speaker Danny Perez denied claims his nomination as U.S. ambassador to Brazil was tied to Florida's recent redistricting effort.
Moskowitz provided CBS News Miami with copies of virulent, antisemitic voicemails his office has received.
Critics argue his plan will decimate cities, counties, and local school districts.
Enrique Tarrio said since President Trump announced the formation of the fund, he has been inundated with calls from others convicted for January 6 related activities.
Commissioners voted to allow the review, saying if that was the only way to move the project - designed to help people with mental illnesses caught in the criminal justice system - then so be it.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
U.S. government plans to open a quarantine center for Americans exposed to Ebola on an air base in Kenya have been temporarily halted by a court order.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
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.
With matches being played in 11 cities across the U.S., Mexico and Canada, fans are getting three World Cup opening ceremonies.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Federal prosecutors have indicted ex-Miami Heat guard Terry Rozier on additional charges related to a sports gambling sting.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.