Inflation cools further before Fed's next interest rate decision
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
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The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
Chipotle CEO Brian Niccol said the company is addressing portion sizes after finding 10% of its locations were skimping.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
In the Twin Cities, new home listings are down, pending sales have fallen and mortgage rates are measurably higher than they were a year ago. Home prices are increasing faster than incomes, making it tougher than ever for first-time homebuyers to make a purchase. Derek James has more on the challenging market and how builders are responding.
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
New numbers out on Wednesday show prices on all items rose about 3% year-over-year last month. But car insurance prices jumped a whopping 20%.
The Federal Reserve announced it will keep interest rates the same — to help ease rising prices. That decision comes as a new government report on inflation is released.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
As the unofficial start of summer begins, so does summer fun. But will it be an expensive one? Although inflation eased in April, prices still remain high, especially at the grocery store. Our Kirsten Mitchell did some number crunching to learn what items may be coming down.
The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.
The U.S. government released its monthly inflation report on Wednesday morning. CBS News Business Analyst Jill Schlesinger explains it all.
Owning and protecting a home or a car in Minnesota is getting more expensive.
Owning and protecting a home or a car in Minnesota is getting more expensive. Over the last year, the cost to insure your car jumped by 22%. Home rates are up almost 5%. WCCO's Allen Henry explains what you need to know about through-the-roof rates.
CBS News Business Analyst Jill Schlesinger discusses the results of a report on economic growth for the first quarter.
The latest inflation update shows some relief at the grocery store. But families are still shelling out for one major staple.
Even with the recent spike in egg prices, $3 for a dozen is more than a dollar lower than what it was a year ago.
Your money probably isn't going as far as you'd like it to. Tuesday's inflation update shows just over a 3% bump compared to February of last year. The report shows some relief at the grocery store, but families are still shelling out more for one major staple.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
Jerome Powell noted inflation is slowing for both goods and services, but offered no hints on potential timing of rate cuts.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
Upticks signal a longer wait for rate cuts as the Federal Reserve's war against inflation isn't won just yet.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
