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.
The Pittsburgh Steelers have begun their search for the team's next head coach following the resignation of Mike Tomlin.
A Verizon spokesperson confirmed to CBS News that the company is aware of "an issue impacting wireless voice and data services for some customers."
Scams targeting utility customers are on the rise in Pennsylvania, the attorney general says.
Longtime Pittsburgh Steelers head coach Mike Tomlin stepped down from his position on Tuesday afternoon.
The Children's Museum of Pittsburgh, the Kamin Science Center, and others are nominated as some of the best in the country.
Pittsburgh Steelers head coach Mike Tomlin has informed the team that he is stepping down from his position.
The Pittsburgh Steelers have begun their search for the team's next head coach following the resignation of Mike Tomlin.
A Verizon spokesperson confirmed to CBS News that the company is aware of "an issue impacting wireless voice and data services for some customers."
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The U.S. Supreme Court on Tuesday took on two cases challenging states that bar transgender athletes from participating on sports teams that align with their gender identities. One of them involves a student from West Virginia. Lauren Linder reports.
The Supreme Court heard two cases involving laws from Idaho and West Virginia that ban transgender athletes from participating in girls' and women's sports.
The Supreme Court hears arguments today on whether laws in Idaho and West Virginia banning transgender athletes from competing on girls' and women's sports teams violate the Constitution and Title IX.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
During an emergency meeting on Saturday night, Masontown borough council voted 6-0 to reinstate its police department.
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.
It has been five years since the home improvement retailer Menards bought a large parcel of land off Route 30 in Westmoreland County.
If you get a ticket in the city of Pittsburgh, there could be a higher chance that instead of getting it on your car windshield, you're getting it in the mail.
Western Pennsylvania is grappling with a December that has been significantly colder than in years past.
Talk Pittsburgh’s Dr. Natalie Gentile stops by PTL to let us know, once and for all, if going outside with wet hair will make you sick.
Treat yourself to some relaxing self-care from the very top of your head! That's exactly what Daisy Jade is doing! Izzazu now has three locations: Downtown, Warrendale, and South Hills!
Tim Neff and Shea Sweeny are highlighting a special event at Soldiers and Sailors Memorial Hall and Museum that will pull at your heartstrings, just in time for Valentine’s Day!
Team PTL's Boaz Frankel knows that the weather is about to take a turn for the colder, and he's embraced that by learning how to carve some ice with Ice Creations of Pittsburgh!
It’s Pursuit of Happiness Week, and Heather and David are learning how to get creative with Workshop PGH!
Stray voltage from a nearby streetlight shocked Montana Mitchell and her dog, leaving the dog immobile.
Twin boys have been seen selling lemonade for long hours several times a week on street corners throughout Pittsburgh and the suburbs.
A woman says she and her dog were shocked while running in Pittsburgh's Strip District.
Here's a look at the reasons behind the drop in violent crime and the hope that the trend continues into the new year.
Health care workers say a powerful new street drug is clogging Pittsburgh-area emergency rooms with people suffering from violent withdrawal symptoms.
The yearly tradition marks the start of months of training for Pittsburgh Marathon participants.
Firefighters have a 62% higher risk of cancer, and this week, the New Castle Central Fire Station hosted pre-screenings.
Once the holidays are over, we often find ourselves in a funk, so how can we find ways to boost our mood?
A major expansion in women's health care is taking shape in Washington County.
Flu cases keep increasing, but at least one Pittsburgh-area emergency room doctor says not everyone needs to visit him.
The Pittsburgh Steelers have begun their search for the team's next head coach following the resignation of Mike Tomlin.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Longtime Pittsburgh Steelers head coach Mike Tomlin stepped down from his position on Tuesday afternoon.
Kasperowicz was a star player at North Hills in the early 1990s and coached Mars to the playoffs the past four seasons.
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
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.
The Macy's location at the Pittsburgh Mills Mall will be among the several closures.
With the Steelers hosting their first playoff game with fans in the building since 2018, a lot of revenue is expected to be made in the city.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
"The Pitt" won big at the Golden Globes on Sunday night.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
We’re talking with the voice of “History That Doesn’t Suck,” a podcast from professor Greg Jackson, ahead of his upcoming stop in Greensburg for “The Unlikely Union.”
Let's get the conversation started with Heather Abraham and Mikey Hood!
Pittsburgh Regional Transit has started its rail grinding project again, and it could affect your commute if you take the light rail. KDKA-TV's Jessica Riley shares the details.
Investigators are now looking into the cause of two separate fires in neighboring homes in Pittsburgh’s Lincoln-Lemington-Belmar neighborhood. One of them killed a man and sent a woman to the hospital. KDKA-TV’s Megan Shinn has more.
Talk Pittsburgh’s Dr. Natalie Gentile stops by PTL to let us know, once and for all, if going outside with wet hair will make you sick.
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.
