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.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
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 U.S. economy picked up speed in the second half of the year, although job growth and inflation remain a concern, economists say.
Next week, the electric vehicle tax credit will end, and if you're looking to buy a new car, you might need to act quickly.
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.
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
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.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
McDonald's is reviving its long-lamented Snack Wrap and leaning into affordable eats as it looks to reverse a rare sales slump.
For millions of people around the U.S., financial stability amounts to a "rare luxury," Bankrate survey finds.
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Wholesale egg prices are falling, with stores saying they're now lowering prices and easing restrictions. But tariffs could be an issue.
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
Americans express concern about their ability to pay bills and save money.
The White House levied new import duties on its three closest trading partners.
President Trump campaigned on the promise to bring down the U.S. cost of living. That could be easier said than done.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
Filming for the final season of "Mayor of Kingstown" is expected to take place between March and June.
Darden Restaurants announced Tuesday that all 28 of its Caribbean-themed Bahama Breeze locations nationwide will be closing.
A woman and her husband are fighting for a $400 refund after they bought furniture from a Value City Furniture store.
Bo Horvat scored his second goal of the game 52 seconds into overtime and the Islanders beat the Penguins 5-4 on Tuesday night.
Tuesday marked three years since the Norfolk Southern train derailment in East Palestine, Ohio.
Filming for the final season of "Mayor of Kingstown" is expected to take place between March and June.
Darden Restaurants announced Tuesday that all 28 of its Caribbean-themed Bahama Breeze locations nationwide will be closing.
A woman and her husband are fighting for a $400 refund after they bought furniture from a Value City Furniture store.
Bo Horvat scored his second goal of the game 52 seconds into overtime and the Islanders beat the Penguins 5-4 on Tuesday night.
Tuesday marked three years since the Norfolk Southern train derailment in East Palestine, Ohio.
Pennsylvania Gov. Shapiro delivered his fourth budget address at the State Capitol in Harrisburg, three months after last year's budget was passed by state lawmakers.
A federal judge on Monday blocked the Trump administration from revoking Temporary Protected Status for Haitians, granting a last-minute reprieve to 350,000 immigrants who were set to lose protections on Tuesday.
Five-year-old Liam Conejo Ramos and his father were released from ICE custody on Sunday, a day after a federal court ordered their release.
The U.S. House Judiciary Committee's inquiry said the panel has questions about why the Department of Justice released only half of the estimated pages of the Jeffrey Epstein files.
The federal agents who were involved in Saturday's deadly shooting of Alex Pretti in Minneapolis have been placed on administrative leave, a federal law enforcement official confirmed to CBS News.
A woman and her husband are fighting for a $400 refund after they bought furniture from a Value City Furniture store.
It's the end of an era for a grocery store in Carrick.
A Pennsylvania couple says Kia wrongly denied a warranty claim after their car's engine failed at 80,000 miles.
Scams targeting utility customers are on the rise in Pennsylvania, the attorney general says.
A handful of Pittsburgh-area Value City Furniture stores are going out of business after their parent company filed for bankruptcy.
Garden expert Doug Oster shows us how to turn your windowsill into a greenhouse!
Daisy visits Market District and Chef Crystal Baldwin to learn how to cook up some sticky and spicy “chamoy” chicken wings.
Fashion influencer Chloe Xandria and her mom, Brenda Johnson, are showing how to dress for any age.
Antiques appraiser Dr. Lori is examining more of your family treasures and heirlooms.
Makeup artist Antonette Medved is walking us through the steps to create the lip look that will have people talking.
Residents of Millvale are trying to get back to normal after last weekend's major snowstorm.
Tracing the past of Shane Hennen and how his troubled life in Pittsburgh pointed to his future downfall.
People in Avella, Washington County, say they have no phone coverage.
Residents and leaders in Charleroi are concerned about the integrity of roads after a trench collapse last year and ongoing construction.
Patrick Vereb is accused of taking money from pet owners who believed their animals would receive dignified cremations.
Southwestern Pennsylvania's cold and snowy winter is taking its toll on more than just our roadways and walkways.
The Liberty-Clairton area is under a code orange air quality action day, according to the Pa. Dept. of Environmental Protection.
The cold weather and lingering snow affect more than just the roads and our cars, it affects our brains.
After the historic snowfall, dangerously low temperatures crept into the Pittsburgh region, bringing a hidden danger that can turn painful in seconds.
The yearly tradition marks the start of months of training for Pittsburgh Marathon participants.
Bo Horvat scored his second goal of the game 52 seconds into overtime and the Islanders beat the Penguins 5-4 on Tuesday night.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
A Detroit Lions fan who was involved in an altercation with Pittsburgh Steelers wide receiver DK Metcalf has filed a lawsuit, claiming that he was not only physically harmed but was also falsely accused of making racial remarks.
The NFL has released the first official renderings for the 2026 NFL Draft in Pittsburgh.
Spell had previously committed to Penn State and is the No. 1 running back recruit in the country.
More than 140 employees at Nemacolin were informed they were being let go.
It's been about six years since the pandemic, and a lot of people working from home, but now companies are slowly calling them back to the office.
Pittsburgh Mayor Corey O'Connor on Tuesday announced a new initiative aimed at revitalizing neighborhood business districts across the city.
A handful of Pittsburgh-area Value City Furniture stores are going out of business after their parent company filed for bankruptcy.
It has been five years since the home improvement retailer Menards bought a large parcel of land off Route 30 in Westmoreland County.
Filming for the final season of "Mayor of Kingstown" is expected to take place between March and June.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
"Stick Season" singer Noah Kahan is coming to Pittsburgh this summer.
Music's biggest night returned Sunday with the 68th annual Grammy Awards. Here is how to watch and stream and what to know.
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
A woman and her husband are fighting for a $400 refund after they bought furniture from a Value City Furniture store that filed for bankruptcy.
KDKA-TV's Rich Walsh and 93.7 The Fan's Andrew Fillipponi discuss the sports topics of the day.
Stay on top of local weather with First Alert Meteorologist Ray Petelin's forecast!
Tuesday marked three years since the Norfolk Southern train derailment in East Palestine, Ohio.
Stay on top of local weather with First Alert Meteorologist Ray Petelin's forecast!
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.
