Some economists think U.S. inflation is likely to rise in 2025
More restrictive trade and immigration policies under the Trump administration could mean higher prices for Americans, Morgan Stanley analysts say.
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More restrictive trade and immigration policies under the Trump administration could mean higher prices for Americans, Morgan Stanley analysts say.
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
President Trump made claims during his address to Congress about the history of U.S. inflation and about the electric vehicle policy under former President Joe Biden. CBS News' Rhona Tarrant has more.
The economy helped put President Trump back in the White House, and it will be a pillar of his speech to Congress. He is expected to talk about lowering prices for Americans, even as his tariffs threaten to raise them. Caitlin Huey-Burns went to York, Pennsylvania, to see how residents are rating Trump's handling of the economy so far. Then, Kelly O'Grady explains when Americans might start to feel the effects of Trump's tariffs.
Republicans are more likely than Democrats to say they'll watch President Trump's joint address to Congress.
President Trump is expected to lay out his legislative priorities during his address to Congress tonight. CBS News polling has some insights on what Americans want to see from lawmakers. CBS News executive director of elections and surveys Anthony Salvanto has more.
Stocks tumbled for a second consecutive trading day, wiping out all post-election gains for the S&P 500.
A large majority of Americans say their incomes aren't keeping pace with inflation. Here's what the numbers say.
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Consumers still coping with high food costs face scalding hot coffee prices, with retail costs up 75% in recent years.
Americans express concern about their ability to pay bills and save money.
Most Americans believe their incomes aren't keeping pace with inflation, according to a new CBS News poll. CBS News executive director of elections and surveys Anthony Salvanto unpacks the findings.
Activists are planning an "economic blackout" day on Feb. 28 to limit spending at major retailers. The move is part of a growing protest to rising prices across the nation. Betty Lin-Fisher, a national consumer reporter at USA Today, joins CBS News with more.
New data from the consumer confidence index shows a concerning drop in economic outlook among Americans. CBS MoneyWatch correspondent Kelly O'Grady reports.
With the nationwide egg shortage, Denny's said it will be adding a surcharge to every meal that includes eggs at some of its locations. The restaurant chain didn't say which of its 1,500 locations would see the surcharge.
Illinois Gov. JB Pritzker slammed President Trump during his State of the State address on Wednesday, saying tariffs would increase the cost of everyday goods. Pritzker, a chief critic of Mr. Trump, could be one of the many Democrats hoping to run for president in 2028. Political strategists Kevin Sheridan and Chuck Rocha join "America Decides" with analysis.
Grocery stores are scrambling as bird flu drives up "egg-flation." CBS News MoneyWatch correspondent Kelly O'Grady discusses the impact of rising egg costs on the U.S. economy.
Kevin Hassett, the director of the National Economic Council and President Trump's chief economic adviser, says the administration plans to address inflation through tax cuts, reductions in government spending, increased energy production, deregulation and issue-specific policies.
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.
The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.
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.
The Labor Department says inflation ticked up to 3% last month compared to a year ago. The increase was largely driven by the rising costs of rent, gasoline and groceries -- especially eggs, which are now facing a shortage tied to an outbreak of avian flu. Lana Zak spoke to an Iowa farmer who's meeting the challenge head on.
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.
New government data shows inflation is up 3% on an annual basis. In reaction to the hot report, President Trump blamed the surge on his predecessor, saying "BIDEN INFLATION UP!" Political strategists Hyma Moore and Justin Sayfie join "America Decides" with analysis.
Federal Reserve Chair Jerome Powell refused to testify in Congress on President Trump's remarks about the Fed's ability to lower interest rates. CBS MoneyWatch correspondent Kelly O'Grady reports.