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.
Police said that Andrew Mours turned himself in Wednesday on theft and forgery charges.
Rookie Nathan Church ended the game by robbing Nick Gonzales of what would have been a walk-off, two-run homer by making a leaping catch at the left-field wall, giving the St. Louis Cardinals a 5-4 win over the Pittsburgh Pirates.
The board gave the district permission to eliminate more than two dozen positions for the next school year.
Five Upper St. Clair High School students are running the Pittsburgh Marathon Relay in honor of their friend who died of brain cancer.
The Flyers defeated the Penguins, 1-0, in Game 6 in overtime on Wednesday night at Xfinity Mobile Arena to advance in the 2026 NHL Stanley Cup Playoffs.
Police said that Andrew Mours turned himself in Wednesday on theft and forgery charges.
Rookie Nathan Church ended the game by robbing Nick Gonzales of what would have been a walk-off, two-run homer by making a leaping catch at the left-field wall, giving the St. Louis Cardinals a 5-4 win over the Pittsburgh Pirates.
The board gave the district permission to eliminate more than two dozen positions for the next school year.
Five Upper St. Clair High School students are running the Pittsburgh Marathon Relay in honor of their friend who died of brain cancer.
The Flyers defeated the Penguins, 1-0, in Game 6 in overtime on Wednesday night at Xfinity Mobile Arena to advance in the 2026 NHL Stanley Cup Playoffs.
The Pennsylvania House passed two bills about digital identification earlier this week.
As nurses from UPMC Magee Womens Hospital continue to negotiate their first union contract, two of them visited D.C. to fight for their patients.
King Charles attended a state dinner at the White House, after speaking about what he called the "truly unique" relationship between the U.K. and the U.S. in an address to Congress.
Ohio's Republican primary for governor is a few weeks away, but there are few signs that the top candidate sees it as a competitive race.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
As the war in Iran continues, the impact is hitting Americans' wallets, especially at the gas pump.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
The rising price of tomatoes is impacting some restaurants around Pittsburgh.
Music lovers tired of paying hundreds of dollars to see big-name acts may be getting some relief.
Pennsylvania Attorney General Dave Sunday is warning sports fans to watch for scams as they buy tickets and merchandise tied to the NBA and NHL playoffs.
Ozzy Lusth may be a legendary Survivor player, but how well does he know the show itself? We put his knowledge to the test!
Ozzy Lusth has outwitted, outplayed, and outlasted so many to become one of the greatest Survivor players of all-time. He sat down with Heather and David to talk about still going for that elusive victory.
When you think of opera, you think of high drama, tragedy, and heartbreak, but Falstaff is a classic story with plenty of mischief, and you can see it right here in Pittsburgh!
12 students from two Pittsburgh area high schools have made a name for themselves in the global problem-solving competition, Odyssey of the Mind, and they came to the PTL studios with a challenge for Heather, David, and Ron!
Skate the Square is coming to the newly renovated Market Square in May, and we react to the brand new Ted Lasso teaser!
After suffering roof damage from this year's brutal winter, a Pittsburgh family says their insurance company has left them with even bigger problems.
The Downtown Neighbors Alliance's board voted Thursday to dissolve the organization.
The federal government will begin the long-awaited cleanup of a nuclear waste dump outside Apollo in Armstrong County.
Short-term rental owners in Washington County could soon face new scrutiny.
Allegheny County Common Pleas Judge Edward Borkowski refused to drop an attempted homicide charge against Jasper Hilliard.
Across the country, there's a rise in cases of a seasonal illness that's causing medical professionals to speak out.
As nurses from UPMC Magee Womens Hospital continue to negotiate their first union contract, two of them visited D.C. to fight for their patients.
A growing number of parents across the U.S. are declining routine preventive care for their newborns. Doctors say the trend is raising concerns.
Shaler Township has installed new AEDs in 10 of its parks.
Health care workers are preparing to care for anyone who will need treatment.
Rookie Nathan Church ended the game by robbing Nick Gonzales of what would have been a walk-off, two-run homer by making a leaping catch at the left-field wall, giving the St. Louis Cardinals a 5-4 win over the Pittsburgh Pirates.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
The Flyers defeated the Penguins, 1-0, in Game 6 in overtime on Wednesday night at Xfinity Mobile Arena to advance in the 2026 NHL Stanley Cup Playoffs.
If the Flyers win, they advance to the second round and face the Carolina Hurricanes.
Ray Goss called his first Duquesne basketball game in 1968 and missed only two games during his nearly sixty years with the university.
The Atlanta-based railroad said Friday that it earned $547 million, or $2.43 per share, down from $750 million, or $3.31 per share, a year ago.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
North Side business owners were left frustrated after unauthorized NFL draft no-parking signs appeared on Western Avenue.
Music lovers tired of paying hundreds of dollars to see big-name acts may be getting some relief.
The Pittsburgh Post-Gazette will stay open after it was sold to a nonprofit.
Musgraves will perform at PPG Paints Arena on Tuesday, September 8.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Gaffigan announced a continuation of his "Everything Is Wonderful!" Tour and he'll stop in Pittsburgh in November.
Western Pennsylvania natives Bret Michaels and KELS talked about their upcoming free performances at the NFL draft.
Music lovers tired of paying hundreds of dollars to see big-name acts may be getting some relief.
The positions being cut include teachers, support staff, and administrative roles.
KDKA-TV's Rich Walsh and 93.7 The Fan's Chris Mueller discuss the sports topics of the day.
Five Upper St. Clair High School students are running the Pittsburgh Marathon Relay in honor of their friend who died of brain cancer.
Penguins fans were shocked after losing in overtime to the Flyers in Game 6 on Wednesday.
Stay on top of the weather in the Pittsburgh area 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.
