Inflation cooled further in November, with prices rising 7.1%
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
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Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
State regulators Tuesday approved utility costs that will translate to higher electric bills in January for homeowners and businesses - and the pain won't end there.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
Thanksgiving dinner will cost more than in previous years.
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
The 10 most popular candy brands have seen an average price increase of 13% since 2021, according to Datasembly.
Natalie Brand reports Republicans say inflation is out of control and blame the Democrats.
The issues have forced concession companies to get creative in an effort to address the rising costs.
"Unless significant conservation actions are taken, the United States is likely to cause the first anthropogenic extinction of a great whale species," scientists said.
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
CBS4's Danya Bacchus reports on the recent holiday inflation that leaves those reconsidering.
More Americans filed for jobless aid last week as layoffs jumped, showing the Fed's rate hikes are taking a toll.
Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.
Sharp drop in job openings will be welcomed by Fed Reserve as it pushes to raise unemployment to cool inflation.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Walmart and Target plan to begin offering deals earlier this year to ease sting of soaring inflation on shoppers.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
Government says inflation is cooling off, slightly.
CBS4's Ashley Dyer reports on how inflation is at an all-time high, rents are soaring and everyday living is anything but easy.
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
