Economic growth remains solid, shrugging off recession fears
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
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U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
If Congress doesn't act, financial experts warn interest rates could go up on loans and mortgages, and the stock market could be in for another bumpy ride.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Consumer prices are down nationally, but experts said higher prices in our area are not surprising.
Inflation is finally slowing down, CBS2's Alice Gainer reports.
With inflation appearing to slow down nationwide, it means more money will be in your pockets -- even if the Tri-State Area's local report is showing a different outcome. CBS2's John Dias has the details.
Some analysts predict December inflation will be down from the 7.1% in November. CBS2's John Dias reports.
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
Sharp drop in average gas prices signals that this year's breakneck pace of inflation is cooling.
News of inflation easing sent stock soaring, but the price of food is still consistently high, CBS2's Dick Brennan reports.
New data shows things are calming down just a bit. CBS2's John Dias explains why.
A slight decrease is expected, but it will still be a long way from the feds goal of 2%. CBS2's John Dias has the details.
We're going to be forced to pay more for almost everything we count on for the holiday, especially the turkey.
The hottest inflation in 40 years is likely to impact everything from your taxes to your retirement contributions.
Doctors say inflation is impacting nutrition as shoppers choose less expensive, often less healthy, options.
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
A new report from Bankrate finds nearly 80% of people are changing their holiday travel plans because of rising prices, especially for flights.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
CBS News correspondent Meg Oliver takes a trip to the grocery store with consumer reports expert Brian Vines to learn small ways to save big in the grocery store.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
Disposable diapers can cost up to $80 per month per child, and with inflation, prices are even higher.
The 8.3 percent hike in the consumer price index is especially bad news for retirees living on fixed incomes.
Wall Street continues to find its footing Wednesday after stocks tumbled to their worst day in two years following the latest inflation report. CBS2's Elijah Westbrook spoke with consumers and experts to see how they're dealing with the squeeze on their finances.
Americans are now digging deeper into their wallets for everything from groceries to goods and services with no relief in sight. CBS2's Elijah Westbrook has more.
Inflation is doing a number on just about all supplies, but experts say there are steps that can save money, CBS2's Jennifer McLogan reports.
