CPI rose in June to 2.7% annual rate, highest since February
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Economy
Data show inflation ticked up in June
The Consumer Price Index reveals prices grew faster in June than in May. The annual inflation rate ticked up to 2.7%, the highest level since February. With new tariffs set for August, economists warn prices could go up more.
What to know about June's rise in inflation
The Consumer Price Index, which tracks the changing costs of goods, rose in June for the second month in a row. Kelly O'Grady breaks down what that means.
How Trump tariffs impacted June inflation
The new Consumer Price Index showed inflation accelerated in June, a sign that President Trump's tariffs are beginning to have an impact. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Inflation uptick's effect on interest rates
New data from the Labor Department shows inflation ticked up to its highest level since February in June with consumer prices rising at an annual rate of 2.7%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Some plan expansion amid Trump tariff threats
As President Trump threatens a 30% tariff on Mexico and the European Union, some American businesses are viewing the shift in trade policy as an opportunity to expand. CBS News' Nancy Chen spoke with a cheese producer in Michigan about the potential impacts of new tariffs on the industry.
Housing market shows signs of cooling off
For years, the U.S. housing market has boomed, pricing many out of their financial comfort zone and the market. Now, home prices are showing signs of cooling off. CBS News New York's Ali Bauman has details for buyers and sellers.
Trump announces tariffs on European Union, Mexico
President Trump issued new threats in his global trade war, aiming at two more of America's biggest trading partners on Saturday. Willie James Inman reports.
Global backlash grows to Trump's tariff threats
President Trump on Thursday threatened to impose a 35% tariff on Canadian goods beginning Aug. 1. Mr. Trump's latest salvo came after he also threatened tariffs on a number of other countries earlier in the week, including Japan and South Korea. Kelly O'Grady looks at how other nations are reacting.
How investors react to Trump tariff threats
Stocks fell across the board on Friday after President Trump threatened a new 35% tariff on Canada. CBS News contributor Javier David breaks down the market's reaction.
Stocks fall after Trump's Canada tariff threat
Stocks tumbled on Friday after President Trump threatened to slap a 35% tariff on Canadian goods. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The push for honest "Made in USA" labels
As President Trump's trade war expands, one slogan gaining traction — "Made in the USA" — is no longer just a pitch; it's a rallying cry. Ash-har Quraishi reports.
Trump says "everybody has to pay" on Aug. 1
President Trump conducted a Cabinet meeting in front of cameras on Tuesday and took questions on his new deadline of Aug. 1 to impose tariffs on over a dozen nations. CBS News' Ed O'Keefe and Kelly O'Grady have the latest.
Beef prices in the U.S. are searingly high. Here's why.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
How Trump's new spending law will impact taxes
Does President Trump's new economic law really wipe away taxes on Social Security and tips? CBS News MoneyWatch correspondent Kelly O'Grady dives into the fine print.
Trump's new tariff deadline: What to know
President Trump notified Japan, South Korea and another dozen countries on Monday that they would face 25% tariffs on all exports to the U.S. starting Aug. 1. CBS News senior White House and political correspondent Ed O'Keefe reports.
The June jobs report that beat expectations
The June jobs report beat expectations, with more than 140,000 new positions added last month. The unemployment rate declined to 4.1%. But there is more to the numbers than just the headline. Jo Ling Kent explains.
Diving into June jobs report
The June jobs report is out from the Bureau of Labor Statistics and it shows a solid labor market despite economic uncertainty. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Why the June jobs report beat expectations
New jobs numbers on Thursday revealed a stronger than expected month of June, but a deep dive inside the numbers reveals some not so pleasant surprises. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Possible economic impact of Trump budget bill
House Republicans are struggling to reach a consensus on President Trump's budget bill. The legislation passed the Senate on Tuesday, but some Republican holdouts in the House aren't happy with the changes made in the upper chamber. CBS News congressional correspondent Nikole Killion reports.
Trump announces U.S. trade deal with Vietnam
President Trump on Wednesday announced a trade deal between the U.S. and Vietnam. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
U.S. economy shrank more than previously thought in early 2025
New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in three years.
Breaking down stablecoins and the GENIUS Act
Last week, in a bipartisan vote, the Senate passed the GENIUS Act, creating a regulatory framework for stablecoins. Dante Disparte, chief strategy officer at the financial technology company Circle, joins "The Takeout" to explain how stablecoins work and what the Senate's legislation means for the cryptocurrency.
Fed Chair: Tariffs could drive up inflation
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Stocks rally in wake of Israel-Iran ceasefire
The stock market rallied for a second day on Tuesday as tensions with Iran sent oil prices plummeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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