Consumer confidence falls to lowest level in 3 years amid inflation fears
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
Consumer Price Index
Inflation rate hits lowest level since 2021
The April consumer price index, a key gauge of U.S. inflation, came in slightly lower than economists expected at 2.3% in April, but was still higher than the Federal Reserve's 2% goal. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Inflation rate rose by 2.3% in April, CPI report shows. Here's what it means.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Inflation rises 2.3% in April
The Consumer Price Index for April showed a 2.3% rise on an annual basis, which was lower than economists had predicted. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Grocery prices continue to rise, but increases vary from city to city
A new study from SmartAsset reveals varied increases in grocery prices depending on where you live.
Inflation rate rose by 2.4% last month, showing cooling prices
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
Unpacking slight February inflation cooldown
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Inflation rises by 2.8% in February
The new consumer price index shows inflation cooled in February, coming in at a lower rate than economists expected. CBS News MoneyWatch correspondent Kelly O'Grady has a look at the numbers.
Egg prices expected to continue to rise
Egg prices are expected to continue going up as farmers across the country deal with outbreaks of bird flu. The USDA is working to reimburse farmers who have to kill and replace their chickens. Kati Weis reports.
Americans say incomes not keeping up with inflation — CBS News poll
Americans express concern about their ability to pay bills and save money.
Consumer confidence plunged in February amid rising economic concerns
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.
Wholesale prices rise 0.4% in January
The producer price index jumped 0.4% in January, a mark that's higher than expected and possibly another indicator that progress against inflation has stalled. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Breaking down Jan. consumer price index report
The latest CPI report reveals a 3% increase in prices compared to last year, with eggs being just one of the many items seeing higher costs. CBS News Moneywatch correspondent Kelly O'Grady breaks down the key takeaways from the report.
Inflation accelerated in January, CPI report finds
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. Martin Baccardax joins to discuss.
What does inflation mean for the economy?
New data out Wednesday shows U.S. inflation accelerated faster than economists had predicted in January. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
CPI: Inflation hotter than expected in January
The consumer price index shows that inflation accelerated in January at a pace economists weren't forecasting, rising 3% on an annual basis and 0.5% monthly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Inflation up 2.9% in latest CPI report
The latest consumer price index report shows inflation rose 2.9% year-over-year in December, marking three months of consecutive increases. Experts are warning of delays in interest rate cuts and possibly even rate hikes. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Holiday shoppers feeling inflation pinch
The Labor Department reported Wednesday that consumer prices rose 2.7% year-over-year in November. The news comes as consumers do their holiday shopping and the Federal Reserve weighs its final rate decision of 2024. CBS News contributor Javier David has more.
Concerning new data on U.S. inflation
New inflation data shows concerning consumer trends and sticky high prices for food and shelter. CBS MoneyWatch correspondent Kelly O'Grady reports.
CPI shows uptick in inflation for November
New data from the Labor Department shows the consumer price index, a key inflation gauge, rose 0.3% in November. That will likely impact the Federal Reserve's final interest rate decision of 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Thanksgiving grocery prices down slightly
Shoppers buying Thanksgiving groceries are seeing some relief at the register for the first time in years. The price of staples like turkey, pumpkin and green beans are down compared to last year, although cranberries and wine have jumped. Kelly O'Grady reports.
What inflation data means for consumers
The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on what it means for consumers.
Inflation ticks up for first time since March
The consumer price index in October rose 2.6% year-over-year, the Labor Department reported Wednesday, a higher rate than September's 2.4%. The uptick means the Federal Reserve's 2% target rate is further out of reach. Kelly O'Grady reports.
Minneapolis' police chief fears possible "moment where it all explodes"
Minneapolis Police Chief Brian O'Hara says he worries about escalating tensions. But top ICE official Marcos Charles says his officers act "lawfully and with professionalism."
Trump links Greenland standoff with allies to perceived Nobel snub
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
Iran says youths "deceived" into protesting can surrender for "leniency"
Iran's police chief says young people who joined protests were "deceived," and if they surrender within three days, they "will be treated with leniency."
Men detained in El Salvador's notorious prison detail harrowing experiences
Venezuelans spent months in a Salvadoran prison after being sent there by the U.S. Imprisoned men described torture — and research and records back up many of their claims.
Woman died after riding Revenge of the Mummy coaster at Universal Orlando
A Florida agency's latest report on theme park injuries says a woman died after becoming unresponsive on Universal Studios' Revenge of the Mummy roller coaster.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
High-speed train derailment kills at least 39 in Spain, police say
Spanish police said Monday that at least 39 people died and 159 were injured in a high-speed train collision in southern Spain.
Norway princess's son, accused of raping 4 women, faces new charges
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
U.S.
More U.S.
Woman died after riding Revenge of the Mummy coaster at Universal Orlando
A Florida agency's latest report on theme park injuries says a woman died after becoming unresponsive on Universal Studios' Revenge of the Mummy roller coaster.
Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
What's open and closed on Martin Luther King Jr. Day 2026?
Most stores on Monday are open during their regular business hours on Martin Luther King Jr. Day, with a few exceptions.
Man arrested by ICE in Minneapolis dies while in federal agency's custody
A 36-year-old man who was arrested by U.S. Immigration and Customs Enforcement in Minneapolis died while under the custody of federal law enforcement in Texas on Wednesday, according to the agency.
Trump admin's claims of "reverse discrimination" upend DOJ Civil Rights Division
A Trump administration initiative is upending 60 years of efforts by the federal government to prevent discrimination against minority groups in the U.S.
MoneyWatch
More MoneyWatch
What to know about the annual World Economic Forum meeting in Davos
Nearly 3,000 high-level participants from business, government and beyond are converging on the Swiss town of Davos for the annual meeting.
Chicken sold in 7 states recalled for potential listeria contamination
Thousands of pounds of ready-to-eat chicken products have been recalled due to potential contamination with listeria, officials say. The products were sold in 7 states.
What's open and closed on Martin Luther King Jr. Day 2026?
Most stores on Monday are open during their regular business hours on Martin Luther King Jr. Day, with a few exceptions.
Here are the hurdles Trump faces in his push for low interest rates and a friendly Fed
As the president prepares to replace Federal Reserve Chair Jerome Powell, he's made no secret of his goal for lower interest rates — but there are a few political roadblocks in the way.
Education Department delays wage garnishment plan for defaulted student loans
The Trump administration is delaying its plans to withhold pay from student loan borrowers who default on their payments, backing off a measure that threatened to deliver a financial blow to millions of Americans.
Politics
More Politics
Trump links Greenland standoff with allies to perceived Nobel snub
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
DOJ probing protesters group that disrupted services at church with ICE pastor
The Justice Dept. says it's investigating a group of protesters in Minnesota who disrupted services at a church where a local ICE official apparently serves as a pastor.
Trump admin's claims of "reverse discrimination" upend DOJ Civil Rights Division
A Trump administration initiative is upending 60 years of efforts by the federal government to prevent discrimination against minority groups in the U.S.
Full transcript of "Face the Nation with Margaret Brennan," Jan. 18, 2026
On this "Face the Nation with Margaret Brennan" broadcast, DHS Secretary Kristi Noem and Minneapolis Mayor Jacob Frey join Margaret Brennan.
Minneapolis Mayor Jacob Frey says federal agents are an "occupying force"
Minneapolis Mayor Jacob Frey criticized the administration's immigration operations, calling the surge of federal agents an "occupying force that has quite literally invaded our city."
HealthWatch
More HealthWatch
HealthWatch
Doctor's tips to help dry winter skin
Dr. Rachel Nazarian, a board-certified dermatologist, joins "CBS Mornings" to share her tips for saving your dry winter skin.
Tylenol not linked to autism, new study shows
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Woman gets her life back after rare transplant: "Prepared for the worst"
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
Study finds no link between Tylenol and autism
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
New study: Tylenol in pregnancy is not linked to autism or ADHD
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
World
More World
Iran says youths "deceived" into protesting can surrender for "leniency"
Iran's police chief says young people who joined protests were "deceived," and if they surrender within three days, they "will be treated with leniency."
Norway princess's son, accused of raping 4 women, faces new charges
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
What to know about the annual World Economic Forum meeting in Davos
Nearly 3,000 high-level participants from business, government and beyond are converging on the Swiss town of Davos for the annual meeting.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
Fire at mall in Pakistan kills at least 23 people; dozens missing
Firefighters extinguished the blaze at the multistory plaza nearly 24 hours after it erupted.
Entertainment
More Entertainment
Entertainment
Billy Bob Thornton on "Landman" popularity
Billy Bob Thornton joins "CBS Mornings" to discuss the second season of the hit series "Landman," which he stars in as oil executive Tommy Norris. Thornton talks about his immediate chemistry with Ali Larter and why the show resonates with viewers.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
Judd Apatow on comic genius Mel Brooks: "Probably the funniest person of all time"
As a young boy, Judd Apatow says he wanted to grow up to be like the director of such classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol: "Mel Brooks: The 99 Year Old Man!"
Judd Apatow on comic genius Mel Brooks
As a young boy, Judd Apatow says he wanted to grow up to be like Mel Brooks, the filmmaker of such comedy classics as "Blazing Saddles" and "Young Frankenstein." Now Apatow has co-directed a two-part HBO Max documentary about his idol, "Mel Brooks: The 99 Year Old Man!" Apatow talks with Tracy Smith about the World War II veteran who broke comedy taboos by lampooning Nazis and racists, and about Brooks' long friendship with another comic legend, Carl Reiner.
Stellan Skarsgård on acting: "It is like being a child … you never grow up"
The Swedish actor has been in 150 films and TV shows, from "Breaking the Waves" and "Mamma Mia!" to "Andor." He talks about his Golden Globe-winning performance in "Sentimental Value," playing a filmmaker-father trying to reconcile with his actress-daughters.
Technology
More Technology
Technology
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Palantir develops app to help ICE: 404 Media
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
OpenAI to start testing ads on ChatGPT in the coming weeks
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
Mother of Musk child sues over deepfake images
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
Science
More Science
Science
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Crime
More Crime
Crime
Legal analysis on DOJ Minnesota probe
U.S. officials tell CBS News that the Justice Department has opened an investigation into Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey. CBS News legal contributor Jessica Levinson has more.
Norway princess's son, accused of raping 4 women, faces new charges
Marius Borg Hoiby, who is accused of raping four women, has been charged with new crimes, including a "serious narcotics offense," prosecutors said.
Prince Harry in U.K. for court case accusing tabloids of illegal snooping
The publisher of the Daily Mail tabloid denies claims by Prince Harry and other celebrities of "unlawful information gathering."
8 police officers killed in Guatemala after prison crackdown on gangs
The killings occurred a day after gang member inmates took 46 people hostage in three prisons across the country, officials said.
Libyan man in Minnesota for treatment for rare skin condition detained by ICE
Hani Duglof and his brother Mohamad Duklef left Libya more than a decade ago, unable to find relief for a rare condition that threatens to leave their skin torn and blistered at even the slightest provocation.
Space
More Space
Space
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
Countdown to new lunar mission
NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.
Latest Galleries
More Latest Galleries
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Legal analysis on DOJ Minnesota probe
U.S. officials tell CBS News that the Justice Department has opened an investigation into Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey. CBS News legal contributor Jessica Levinson has more.
Expert on Trump's threats over Greenland
President Trump is being accused of blackmail by European nations who are opposing his push for the U.S. to take over Greenland. Steve Hanke, an applied economics professor at Johns Hopkins University, joins CBS News with more insight.
Trump's messages on Greenland, Nobel prize
A message from President Trump to Norway's Prime Minister Jonas Gahr Støre has emerged, and it may contain clues on the topic of a U.S. takeover of Greenland. CBS News' Olivia Rinaldi reports.
Trump links prize snub to Greenland push
President Trump appeared to attribute his push for a Greenland takeover to being snubbed for the Nobel Peace Prize this year, according to text messages released by Norway's Prime Minister Jonas Gahr Støre. CBS News' Natalie Brand and Holly Williams report.
Prince Harry takes on British tabloid
Prince Harry is back in court in the United Kingdom as he joins a legal battle against the Daily Mail tabloid over alleged illegal snooping. CBS News' Ramy Inocencio reports.