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
Cost of auto parts rises in April
New data on Tuesday showed inflation cooled in April as President Trump rolled out his sweeping tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Big Tech stocks rise with CEOs in Saudi Arabia
The Dow Jones dipped on Tuesday, but Big Tech stocks saw gains as CEOs joined President Trump on his trip to Saudi Arabia. CBS News MoneyWatch correspondent Kelly O'Grady reports.
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.
New data on Trump tariffs effect
New Consumer Price Index data shows inflation is still affecting Americans and depicts the initial effects of President Trump's tariffs. CBS MoneyWatch correspondent Kelly O'Grady reports.
Why did the Fed hold rates steady?
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
Fed ignores Trump's call for cuts
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
American toymaker on tariff impact
One industry reeling from President Trump's tariffs is American toy makers. Jay Foreman, CEO of Basic Fun!, the toymaker selling brand names like My Little Pony, Tonka Trucks and Lincoln Logs, joins CBS News to discuss the impact.
Powell warns of risks from tariffs
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Small businesses deal with trade uncertainty
Treasury Secretary Scott Bessent told House lawmakers Tuesday that progress is being made on foreign trade talks, but not with China. That could change on this week though. CBS News MoneyWatch correspondent Kelly O'Grady has more on this and other economic news of the day.
What's behind the declining economic numbers?
The U.S. economy shrank during the first three months of 2025. The Commerce Department reported Wednesday that U.S. gross domestic product declined at an annual rate of 0.3% from January to March. CBS News' Kelly O'Grady and Ed O'Keefe have more.
Poll finds shrinking Hispanic Trump support
President Trump won the 2024 election in no small part because of a surge of support from Hispanic voters. But a new poll shows the majority of his support among this key voting block is in decline. CBS News' Nidia Cavazos reports and Clarissa Martínez De Castro, vice president of the Latino Vote Initiative at UnidosUS, joins "America Decides," to discuss.
U.S. economy shrinks, Trump Cabinet meets
President Trump held a Cabinet meeting on Wednesday, coinciding with his administration's week-long first 100 days victory lap. But on this day 101, the economic numbers tell a different story. CBS News' Fin Gomez, Ed O'Keefe and Kelly O'Grady report on the details.
Stocks slide, new data shows economy shrank
Stocks slid on Wednesday after new data showed that the U.S. GDP declined at a .3% rate in the first quarter of 2025. It was the worst quarterly performance for the U.S. economy since early 2022. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Voters reflect on Trump's first 100 days
How are Americans grading President Trump's first 100 days back in office? CBS News chief Washington correspondent Major Garrett spoke with Republican and Democratic voters to hear what they had to say.
How is the economy 100 days into Trump's term?
"Trust in Trump" was the White House's message on Tuesday when it came to the president's economic policy. But his wide-reaching tariffs have shaken economic norms, led to market uncertainty and voter concerns. CBS News MoneyWatch correspondent Kelly O'Grady examines the state of the economy 100 days into Mr. Trump's second term.
State of economy 100 days into 2nd Trump term
The Dow Jones closed in the green on Tuesday as President Trump marked 100 days of his second term. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the state of the economy.
Trump makes false or misleading claims about grocery prices, cost of gas
President Trump has made a series of false or misleading statements about consumer prices, while shoppers are seeing some tariff-related cost hikes.
Eye on America: Rising energy costs and more
We travel to Connecticut to see how homeowners can save on rising energy costs. We also visit the community of Buffalo, New York, less than a year after a tragic mass shooting. Watch these stories and more on Eye on America with host Michelle Miller.
Eye on America: Locally sourced water & more
We see the ripple effect of a locally sourced water company reviving an Idaho mining town. And we learn some small tips to save big at the grocery store amid rising inflation. Watch these stories and more on "Eye on America" with host Michelle Miller.
Eye on America: Homeless baby boomers and more
We look at why baby boomers are one of the fastest-growing groups to be homeless. Then, we dive into a pioneering effort to keep manatees thriving in their natural habitat. Watch these stories and more on “Eye on America” with host Michelle Miller.
Young people turn to "buy now, pay later"
New statistics are painting a larger picture of the shifting state of the economy, particularly for young people. Tickets for this year's Coachella ran for more than $1,000 a weekend. A new Billboard report found that more than 80,000 attendees, or roughly 60%, opted for "buy now, pay later" plans. Forbes senior contributor Jack Kelly joins "The Daily Report" to discuss.
Has Trump lowered prices like he claims?
When President Trump was on the campaign trail, he promised to lower the prices of all goods on "day one" of his second term. Since he took office in January, he has repeatedly claimed that the price of energy, groceries, eggs and homes have dramatically dropped. CBS News Confirmed executive editor Rhona Tarrant fact-checks these claims.
Consumer sentiment falls again in March
Consumer sentiment fell more than 8% in March, according to a survey from the University of Michigan, marking the fourth straight decline. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to assess what the figure could say about the state of the economy.
More Americans teetering on the edge of bankruptcy. Here's why.
Record consumer debt, years of steep inflation and other factors are driving more Americans to considering filing for bankruptcy.
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