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.
Some Allentown residents are pushing Pittsburgh Regional Transit to restore regular light rail service to their neighborhood.
A single winning ticket was sold for Powerball's Christmas Eve jackpot of $1.817 billion, in Arkansas. It was the second-largest U.S. lottery jackpot ever won.
Here's a Christmas Day forecast for the Pittsburgh area.
T.J. Watt returned to practice on Wednesday, two weeks after he had surgery to repair a partially collapsed lung.
Andrew McCutchen and his wife, Maria, have welcomed their fifth child.
Some Allentown residents are pushing Pittsburgh Regional Transit to restore regular light rail service to their neighborhood.
A single winning ticket was sold for Powerball's Christmas Eve jackpot of $1.817 billion, in Arkansas. It was the second-largest U.S. lottery jackpot ever won.
Here's a Christmas Day forecast for the Pittsburgh area.
T.J. Watt returned to practice on Wednesday, two weeks after he had surgery to repair a partially collapsed lung.
Andrew McCutchen and his wife, Maria, have welcomed their fifth child.
Gov. Mike DeWine has signed legislation eliminating Ohio's four-day grace period for late-arriving mail-in ballots.
The Justice Department early Tuesday released more than 11,000 additional documents and photos from the Jeffrey Epstein files.
With revenue declining and costs increasing, council members said they reached a compromise.
If caught and seized, it would be the third Venezuelan tanker taken by the U.S. this month.
Pittsburgh City Council heard hours of public testimony Saturday as it prepares to vote on a 2026 budget, while facing a $20 million deficit.
Pennsylvania will receive nearly $7 million as part of a nationwide settlement with Mercedes-Benz USA.
People in Armstrong County communities like Worthington and Kittanning say they're not getting packages they ordered weeks ago from Amazon.
As more data centers are approved in southwestern Pennsylvania, state lawmakers are taking steps to make sure the centers pay their fair share and are good neighbors in their communities.
If you haven't sent gifts in the mail yet, you don't have much time left.
The Pittsburgh International Airport is getting nonstop flights to Dublin next year.
Marvin the cat makes a surprise appearance during the holiday special.
Team PTL sings during Heather and David's Holiday Sing-a-Long Special!
KDKA First Alert Meteorologist Mary Ours sings "Santa Claus is Coming to Town."
The team makes delicious Christmas pinwheel cookies!
Jackie Evancho sings "I'll Be Home For Christmas."
Health care workers say a powerful new street drug is clogging Pittsburgh-area emergency rooms with people suffering from violent withdrawal symptoms.
Seven employees of the Allegheny County-run Kane Community Living Centers in Scott Township have been under investigation.
Veterans are outraged after learning about damage done to gravesites at a cemetery in Fayette County.
Artificial intelligence is watching where people park in Pittsburgh.
Drivers who were convicted of infractions years ago are being told to surrender their licenses or file costly appeals because Allegheny County never processed the paperwork.
Thousands of Pennsylvanians are dropping their health insurance as premiums are set to double on Jan. 1, 2026.
Health care workers say a powerful new street drug is clogging Pittsburgh-area emergency rooms with people suffering from violent withdrawal symptoms.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
A Pennsylvania man visited Penn to thank the surgeon who saved his life during a stroke.
NFL players say they will continue with dry-needling sessions despite a recent incident involving the Pittsburgh Steelers' T.
T.J. Watt returned to practice on Wednesday, two weeks after he had surgery to repair a partially collapsed lung.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
The Toronto Maple Leafs picked up a 6-3 win over the Pittsburgh Penguins on Tuesday.
The Pittsburgh Pirates have agreed to a two-year deal with All-Star Ryan O'Hearn to boost their struggling offense.
For the 25th consecutive season, the Steelers are sending multiple players to the Pro Bowl Games.
There won't be a Westmoreland County Airshow next year because of construction at the Arnold Palmer Regional Airport.
The Pittsburgh International Airport is getting nonstop flights to Dublin next year.
Members of the Newspaper Guild of Pittsburgh voted last week to end their three-year-long walkout.
Norfolk Southern railroad worked with the state of Ohio and Youngstown State University to revive plans for a $20 million first responder training center near the site of the worst derailment in a decade in East Palestine, Ohio.
A report on the future of water in central Ohio warns that industrial demands for water will skyrocket at the same time experts expect farmers will need to regularly irrigate their fields.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
A court in Romania has sentenced American rapper Wiz Khalifa to nine months in jail on drug possession charges.
Pittsburgh-area natives Joe Manganiello and Caitlin O'Connor have moved from Hollywood to Mt. Lebanon.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
Neighbors in Pittsburgh's Allentown neighborhood are pushing for PRT to keep the light rail moving through the area.
The shooting happened in November outside the Washington Community Club on North Main Street.
Thousands of Pennsylvanians are dropping their health insurance. Here's what that means.
Stay on top of local weather with First Alert Meteorologist Trey Fulbright's forecast!
Police in Pittsburgh are looking for a man in connection with a shooting in Beechview.
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.
West Virginia scored a late touchdown to tie the game and then beat Pitt in overtime to win the 108th Backyard Brawl.
