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.
Pittsburgh police are investigating after a man was found stabbed early Sunday in Market Square.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was last seen on Jan. 31 and was reported missing the following day, Feb. 1.
Crosby's 15 points at the Olympics put him in the all-time lead among Canadian NHL players.
President Trump met with Israeli Prime Minister Benjamin Netanyahu in December at Mar-a-Lago with Mr. Trump saying the U.S. would support strikes if no deal was made with Iran.
Working out can be intimidating, especially for those with disabilities, and Open Up makes movement accessible.
Pittsburgh police are investigating after a man was found stabbed early Sunday in Market Square.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was last seen on Jan. 31 and was reported missing the following day, Feb. 1.
Crosby's 15 points at the Olympics put him in the all-time lead among Canadian NHL players.
President Trump met with Israeli Prime Minister Benjamin Netanyahu in December at Mar-a-Lago with Mr. Trump saying the U.S. would support strikes if no deal was made with Iran.
Working out can be intimidating, especially for those with disabilities, and Open Up makes movement accessible.
President Trump met with Israeli Prime Minister Benjamin Netanyahu in December at Mar-a-Lago with Mr. Trump saying the U.S. would support strikes if no deal was made with Iran.
It's the second time in as many weeks that government funding has lapsed as Democrats and the White House remain at an impasse over immigration enforcement policies.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
Pennsylvania schools are required to teach cursive handwriting under a new law.
A federal grand jury refused to indict six Democrats who drew President Trump's ire by taping a video telling members of the military that they must reject "illegal orders," three sources told CBS News.
When debt collection companies start calling, most people don't know what to do.
Move over, Wawa, "there's a new player in town." Customers shed light on Pennsylvania's heated rivalry as Sheetz opened its first store in Montgomery County.
The rush for roses is on with Valentine's Day this weekend, and making sure you're getting the best deal is crucial.
More than 30 states have already enacted similar legislation.
The first electric and gas bills of the year can come with sticker shock, and this year, it might be worse than usual.
There is no better way to wrap up PTL's takeover of the Pittsburgh International Auto Show than with the full team.
Is it better to lease or buy a new car?
Boaz takes the Ford Motor Company simulator for a spin.
The Ford ASSET program helps educate local students.
Ford does so much work in the community to make Pittsburgh a better place to live!
The Pennsylvania State Police's fire marshal unit in Greensburg is offering a reward for information that leads to an arrest in connection with a suspicious fire in August.
When debt collection companies start calling, most people don't know what to do.
It's been three months since the Woodland Hills School District put its superintendent on administrative leave.
Residents of Millvale are trying to get back to normal after last weekend's major snowstorm.
Tracing the past of Shane Hennen and how his troubled life in Pittsburgh pointed to his future downfall.
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.
The advisory, issued on Saturday, affected thousands of customers in Allegheny and Washington counties.
Pennsylvania American Water said that a first round of testing came back negative and an update can be expected late Monday morning.
Doctors said the drugs can help people lose unwanted pounds while retaining muscle.
Crosby's 15 points at the Olympics put him in the all-time lead among Canadian NHL players.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
After graduating 10 seniors last year, no one expected the Panthers to be near the top, but they find themselves on the precipice of history.
Known as "The Baron of the Bullpen," Elroy Face is often credited with being the man who pioneered the modern relief pitcher.
Pitt has struggled this year with a 2-10 record in the Atlantic Coast Conference.
Move over, Wawa, "there's a new player in town." Customers shed light on Pennsylvania's heated rivalry as Sheetz opened its first store in Montgomery County.
More than 140 employees at Nemacolin were informed they were being let go.
It's been about six years since the pandemic, and a lot of people working from home, but now companies are slowly calling them back to the office.
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.
More extras are needed for "Mayor of Kingstown" when the show films its fifth and final season in Pittsburgh.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The Pennsylvania Film Office has awarded $34 million for production on Season 3 of "Tires" and the fifth and final season of "Mayor of Kingstown."
Filming in Pittsburgh for the fifth and final season of "Mayor of Kingstown" is set to begin on March 9.
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
Residents across western Pennsylvania held binoculars and notebooks over the weekend as many participated in the Audubon Society of Western Pennsylvania's Great Backyard Bird Count.
Verona police say they are still searching for a wanted man who allegedly lied to officers and gave a false ID after running from a traffic stop.
Pittsburgh police are investigating after a man was found stabbed early Sunday in the 100 block of Forbes Avenue in Market Square.
Finding the motivation to workout is difficult for just about everyone, but it can be even more intimidating for those with disabilities. That's what Open Up seeks to change in Pittsburgh. Megan Shinn tells their story in the KD Sunday Spotlight.
The Pentagon said it may discontinue tuition reimbursement from dozens of top universities across the country, including Carnegie Mellon.
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.
