5 ways inflation could impact your paycheck next year
The hottest inflation in 40 years is likely to impact everything from your taxes to your retirement contributions.
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The hottest inflation in 40 years is likely to impact everything from your taxes to your retirement contributions.
People are ready to get back out and spend their money following the pandemic.
CBS News' Carter Evans shares new details on the upcoming holiday shopping season and how consumers are spending their money amid record inflation.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.
Americans could pay as much as 17% more to heat their homes this winter, with electricity costs also expected to jump.
After the pandemic caused people to need food assistance, inflation is now the driving force.
New data indicates pet owners might be splurging less on their furry companions.
New data indicates pet owners might be splurging less on their furry companions due to inflation.
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
President Biden is signing the Inflation Reduction Act, making it officially a law, on Tuesday.
The package, passed with no Republican votes, could be read largely as an effort to help West Virginia look to the future.
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Inflation was up again in June, with the latest numbers showing the highest annual rate since 1981.
Inflation was up again in June with the latest numbers showing the highest annual rate since 1981.
Inflation was up again in June with the latest numbers showing the highest annual rate since 1981.
The U.S. Postal Service cites inflation and rising operating costs as the reason for the price hike.
Inflation continues to disrupt the market.
Dining out may be a bit more expensive moving forward.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Inflation is not an easy issue to solve, and the candidates usually have several ideas.
It will be the largest rate hike in more than two decades, so why is the Federal Reserve making this move?
