Inflation cools slightly in July
July's producer price index report showed price pressures were largely flat, with inflation easing slightly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
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July's producer price index report showed price pressures were largely flat, with inflation easing slightly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
U.S. inflation cooled slightly in new data from July. Also, the New York City Council launched a sweeping investigation into the marketing practices of prediction market companies such as Kalshi and Polymarket. Axios markets correspondent Matt Phillips shares his thoughts.
The economy unexpectedly lost 23,000 jobs in July, signaling a slowdown that could complicate the Federal Reserve's next move on interest rates in September. The Trump administration downplayed the jobs report, blaming it on federal downsizing and layoffs in World Cup hospitality. CBS News business producer Emily Pandise has more.
The U.S. economy saw an unexpected 23,000 job losses for the month of July. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
With wages stagnant, inflation up, and the cost of living increasing, more American adults are seeing their parents as potential roommates as they look to save cash. CBS MoneyWatch reporter Megan Cerullo has more.
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
With inflation and rising costs, the affordability crisis is prompting some adults to consider rooming with their parents. CBS News' Jericka Duncan spoke with a 34-year-old woman about her decision to move back home.
A new survey examined Americans' attitudes and perceptions toward CEOs and extreme wealth concentration. CBS News contributor Javier E. David responds.
With inflation contributing to price bumps, many families are looking to save on their back-to-school budgets. We took a look at a spending survey.
New CBS News polling shows many Americans don't think President Trump is doing enough to bring down prices. Political strategists Rina Shah and Amirah Sequeira join with analysis.
More Americans are resorting to buying groceries on credit, according to research by the think tank Urban Institute. Washington Post personal finance columnist Michelle Singletary joins "The Takeout" to discuss what's behind the trend.
President Trump holds Cabinet meeting at Camp David; 7 states report cyberattack on water systems.
With inflation up, Americans are expected to spend even more this year on back-to-school purchases. "CBS Mornings" has saving tips, plus how to find deals.
As the perceived disparity between incomes and inflation continues to grow, new CBS News polling shows many Americans don't feel relief coming from Republicans or Democrats. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
In a shift, new CBS News polling finds both Democrats and Republicans are tied on economic approval ratings. CBS News executive director of elections and surveys Anthony Salvanto has the numbers.
Wall Street saw a big rebound on Thursday, with the Dow and Nasdaq shooting up more than 600 points. Yahoo Finance senior reporter Brooke DiPalma joins with analysis.
U.S. economic growth slowed down in the second quarter of 2026. CBS News business analyst Jill Schlesinger weighs in.
Economic activity weakened between April and June as energy costs surged, new government data shows.
Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News' Kelly O'Grady explains more.
Investors reacted sharply on Wednesday to the Federal Reserve's decision to leave interest rates unchanged amid persistent inflation and spikes in energy prices. Emily Russell, commentary and policy editor at Barron's, joins with analysis.
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, but the decision was not unanimous: three members voted to raise rates by a quarter of a percentage point. CBS News MoneyWatch correspondent Kelly O'Grady joins with analysis.
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The Federal Reserve is widely expected to leave interest rates unchanged, but some believe inflation warrants a rate hike. CBS News' Kelly O'Grady has more.