Americans could soon see higher costs from tariffs, Fed's Hammack says
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
Watch CBS News
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
U.S. economic growth is likely to "slow markedly" this year and next, due to tariffs and uncertainty under the Trump administration.
Many workers aren't working as much as they'd like. Here's what one expert says the federal unemployment rate fails to capture.
The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024.
President Trump's aggressive use of tariffs has fueled concerns about the economy and roiled the stock market.
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
Job cuts spiked in February, marking their highest point since July 2020, due to firings of government workers directed by DOGE.
Canada, Mexico and China are hitting back with retaliatory tariffs. The moves raised fears of higher prices for U.S. consumers and a trade war.
President Trump's tariffs are set to take effect at midnight.
Americans express concern about their ability to pay bills and save money.
As the bird flu outbreak impacts egg shortages and prices, some people are turning to renting or buying backyard chickens.
The Greater Pittsburgh Community Food Bank said it's worried about the uncertainty in federal funding.
U.S. defense contractor Anduril Industries is preparing to build a massive advanced manufacturing facility in central Ohio.
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
The latest economic data shows consumer prices rose slightly in October, which is impacting people's holiday budgets.
About 1,100 workers at the Stellantis Jeep factory in Toledo, Ohio, are facing layoffs early next year.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
President-elect Donald Trump's vow to raise tariffs could have Americans paying more for goods, from toys to auto parts, experts say.
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
Pittsburgh-based PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Raising a child in the U.S. costs hundreds of thousands of dollars. Many younger Americans say they can't afford it.
The Allegheny County Health Department has issued a consumer alert for Prantl's Bakery in Shadyside, saying an inspection found pest droppings.
Gambling addiction is impacting more young people, so much so that state lawmakers are calling it an epidemic.
The exhibit transforms historic industrial and historical paintings into a multi-projection animated experience.
An Aliquippa police officer overdosed while handling narcotics from the department's evidence room, the Beaver County district attorney said.
Five hundred children got a free book on Friday to kick off a regional literacy campaign called "Won't You Be a Reader?"
The Allegheny County Health Department has issued a consumer alert for Prantl's Bakery in Shadyside, saying an inspection found pest droppings.
Gambling addiction is impacting more young people, so much so that state lawmakers are calling it an epidemic.
The exhibit transforms historic industrial and historical paintings into a multi-projection animated experience.
An Aliquippa police officer overdosed while handling narcotics from the department's evidence room, the Beaver County district attorney said.
Five hundred children got a free book on Friday to kick off a regional literacy campaign called "Won't You Be a Reader?"
Gambling addiction is impacting more young people, so much so that state lawmakers are calling it an epidemic.
President Trump is in Beijing meeting with China's President Xi Jinping, with the two leaders aiming to stabilize their trading relationship after last year's trade war.
The Allegheny County Health Department wants to require all employers in the county to give their employees paid parental leave.
Live updating West Virginia primary election results for May 12, 2026.
Residents heading to the polls in West Virginia's primary election now must present a valid photo ID in order to vote.
The Allegheny County Health Department has issued a consumer alert for Prantl's Bakery in Shadyside, saying an inspection found pest droppings.
A Bethel Park homeowner says he's out thousands of dollars after hiring a contractor to replace his front porch.
A popular Washington County farm won't be offering pick-your-own peaches this year.
Gas across the country continues to climb.
Two food items sold at Giant Eagle have been voluntarily recalled due to separate contamination risks.
If your current security system is just a dog and a basic lock, it might be time for an upgrade. East End Handyman Company's Patrick McLaren is back on PTL to show us how you can install a security camera.
Team PTL's Daisy Jade is at the CCAC West campus and she's learning more about their annual car show!
Shari Zatman is back for another segment, this time, she's giving us the instructions on how to make a floral graduation cap!
Our friend, Shari Zatman of Perfectly Planned by Shari is here to help you get through graduation season by showing you how to plan the perfect party!
In a world of viral trends, Corrine has been proving that the old Hollywood glamour hasn't gone anyway, it just needed a refresh.
A Bethel Park homeowner says he's out thousands of dollars after hiring a contractor to replace his front porch.
It's been nearly eight years since Rachael DelTondo was shot and killed in the driveway of her parents' home in Aliquippa.
An artist in Pittsburgh said the Steel City clothing company used his artwork without his permission.
Alcosan's multi-billion-dollar construction project to clean up the rivers in southwestern Pennsylvania is already over budget.
Pennsylvania prisons now give suboxone to thousands of inmates, with thousands more on the waiting list.
The Allegheny County Health Department wants to require all employers in the county to give their employees paid parental leave.
Allegheny Health Network is putting out a warning about a new social media trend.
Workers at Butler Memorial Hospital say they're ready to walk off the job if hospital management doesn't come to terms with them.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
The Pittsburgh Steelers have released their 2026 schedule.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Sidney Crosby is heading to Switzerland to represent his native Canada at the men's world hockey championships.
Mickey Moniak and the Colorado Rockies beat the Pittsburgh Pirates 10-4.
The Steelers will face the New Orleans Saints at the Stade de France in October.
A popular Washington County farm won't be offering pick-your-own peaches this year.
If you're about to throw out all of those old documents while spring cleaning, there are some you should hold onto.
The hole left behind by Spirit will hit businesses and rental companies within Arnold Palmer Regional Airport.
The bar served its final pints Sunday night after 43 years in Oakland, near the heart of Pitt's campus.
Arnold Palmer Regional Airport officials are confident they'll be able to replace Spirit Airlines after the airline shut down early Saturday morning.
The exhibit transforms historic industrial and historical paintings into a multi-projection animated experience.
Country music star Lainey Wilson and former Steelers quarterback Devlin "Duck" Hodges tied the knot in a lavish Tennessee wedding.
Riverlife will reopen its free-to-access barge platform, Shore Thing, later this month.
Ten Carnegie Mellon University alumni have snagged nominations for Tony Awards.
A converted church in rural central Pennsylvania has become a place where musicians with Amish roots are coming to record music and make videos.
Stay on top of the weather in the Pittsburgh area with First Alert Meteorologist Ray Petelin's forecast.
The Allegheny County Health Department has issued a consumer alert for Prantl's Bakery in Shadyside, saying an inspection found pest droppings. Mamie Bah reports.
One of the first outdoor celebrations of the summer kicked off on Friday in Pittsburgh’s Oakland neighborhood. KDKA-TV’s Josh Taylor shares more about the Parks on Tap series.
Planning a summer road trip? Why not take a spin on the old Lincoln Highway? It was America's first coast-to-coast road that still runs through the heart of western Pennsylvania. Chris DeRose reports.
Gambling addiction is impacting more young people, so much so that state lawmakers are calling it an epidemic. They feel that more guardrails need to be in place to protect people as young as teens from getting themselves into addiction problems. KDKA-TV's Chris Hoffman reports.
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
