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.
Cpl. Timothy O'Connor was killed in the line of duty after being shot during a traffic stop in Chester County, Pennsylvania.
Pittsburgh CLO and Pittsburgh Public Theater are forming a new organization.
A man was found shot to death in Pittsburgh's Marshall-Shadeland neighborhood on Wednesday afternoon, Pittsburgh Public Safety said.
A new baseball season means new foods to try at PNC Park.
The peregrine falcons nesting on top of Pitt's Cathedral of Learning have laid their first egg of the season.
Cpl. Timothy O'Connor was killed in the line of duty after being shot during a traffic stop in Chester County, Pennsylvania.
Pittsburgh CLO and Pittsburgh Public Theater are forming a new organization.
A man was found shot to death in Pittsburgh's Marshall-Shadeland neighborhood on Wednesday afternoon, Pittsburgh Public Safety said.
The annual KDKA Fish Fry Guide is back for Lent! Check our listings for a 2026 fish fry near you in Pittsburgh.
A new baseball season means new foods to try at PNC Park.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
TSA officers faced their first full missed paycheck Friday.
"The president is constantly critical on mail-in voting, and that's ridiculous," Democratic Sen. John Fetterman said Wednesday.
"I think, overall, what's accomplished is remarkable," Sen. John Fetterman told CBS News chief White House correspondent Major Garrett in an interview Wednesday.
After a rat raised questions about health and safety at The Urban Tap, the owner says the South Side business is ready to gain back the public's trust.
Looking to get free shipping when you make an online purchase, but your order doesn't qualify? Here's how you can change that!
Pennsylvania farmers say economic factors like diesel fuel and fertilizer costs are pushing them to the edge.
The gas price spikes are real and apparent. Here's how Pittsburgh drivers can save money.
The Pennsylvania Treasury will hold a public auction for unclaimed goods on Wednesday, March 25.
Looking to escape present day for a night? You're in luck, the Good Ol' Days House in Belle Vernon is a nostalgic guesthouse!
If you're looking to escape the cold and rain of Pittsburgh, look no further than the Northern Outer Banks!
Irene Molloy has done it all in show business: TV, movies, Broadway, and now the Pittsburgh native is sharing her stories in a unique new show: Show Pony! Heather and David learn more about it and find out when you can see it right here at home!
It's healthy food fast - that's what The Common Good offers, and they've given Team PTL's Daisy Jade an exclusive look!
It's Whatcha Think Wednesday on Pittsburgh Today Live, and one of the big topics: being someone who gets paid to eat ranch dressing around Europe! Heather Abraham and David Highfield discuss that, and doorless hotels?
The O'Connor administration will begin taking a scalpel to Pittsburgh's finances as it tries to close a $30 million to $40 million budget hole.
Residents in the area of Rochester, Beaver County, say a persistent chemical smell has taken over the air.
More homeowners than ever in Allegheny County are filing appeals to try to lower their property taxes.
A cancer once rare in young people has become the number one cause of cancer-related deaths for Americans under age 50.
There is cautious optimism on the North Shore that the Pittsburgh Post-Gazette may continue to publish under new ownership.
A Pittsburgh-area man is not just giving people living with ALS a voice, he's giving them their own voice.
A cancer once rare in young people has become the number one cause of cancer-related deaths for Americans under age 50.
Fish fries can be a quandary for people with heart and other medical issues.
With a measles outbreak in Pennsylvania, local health experts want to send a message to families.
Cracking down on the price of prescription drugs is a hefty task.
A new baseball season means new foods to try at PNC Park.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Head coach Dan Muse confirmed Sydney Crosby will be back in the lineup as the Penguins finish their 5-game road trip on Wednesday.
Curt Cignetti, who coached Indiana to its first national title in football, will drive the honorary pace car at the Indianapolis 500.
With the game tied going into the 9th, Eugenio Suárez smacked a double into left-center field to score pinch runner Javier Sonoja for what would prove to be the winning run.
Pittsburgh's newest music venue released a lineup of its first concerts on Monday, giving a taste of what's to come at Citizens Live at the Wylie.
Forbes' latest ranking of the world's richest people has been released, and the list features billionaires with ties to Pittsburgh.
A fire chief says a fire at an Ohio hog farm complex has killed about 6,000 pigs and unleashed a large plume of smoke that could be seen for miles.
Lawmakers in Harrisburg are looking at bills to tackle dynamic pricing.
The budget airline Breeze is launching a new nonstop route from Pittsburgh to Myrtle Beach this summer.
Pittsburgh CLO and Pittsburgh Public Theater are forming a new organization.
Pittsburgh's newest music venue released a lineup of its first concerts on Monday, giving a taste of what's to come at Citizens Live at the Wylie.
Hollywood's biggest stars were honored at the 98th annual Academy Awards on Sunday. Here is what to know and how to watch the 2026 Oscars.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
The countdown is on, as the NFL Draft comes to Pittsburgh and America turns 250 years old.
If you want to watch March Madness this year, we have a spot that you may not have thought about yet.
Heather's back with another weekend watch guide.
Music is ingrained in the fabric of the Hill District's history, and a new venue is turning up the volume on that legacy.
Heather Abraham previews today's show.
Caroline has been dancing since she could walk, and Mikey Hood met the joyful child waiting for a family to call her own.
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.
