Key inflation gauge shows prices hikes remained low in July
PCE price index indicates signs of cooling price increases, raising likelihood Fed will leave interest rates unchanged in September.
Inflation
U.S. job growth cooled in August. Here's how that impacts inflation.
Overheated labor market of the past two years may be over, raising questions about Fed's next move, experts say.
Jackson Hole: Powell signals additional rate hikes may be necessary
Stocks are holding on to gains after Federal Reserve Chair Jerome Powell said more rate hikes could be on the way.
Issues GOP voters want discussed at debate
A new CBS News poll is providing more insight into the issues GOP voters want candidates to talk about at Wednesday's Republican presidential debate. 86% of likely Republican primary voters responded that it is "very important" to hear from candidates about plans to lower inflation. Anthony Salvanto, CBS News executive director of elections and surveys, breaks down the findings.
Americans' salary expectations at record high
Wage expectations are at their highest level in 10 years, according to new data from the Federal Reserve Bank of New York. Julia Pollak, chief economist for ZipRecruiter, joined CBS News to discuss the state of wages and the labor market.
Average new car cost in U.S. up to $48,000
The average new vehicle in the U.S. costs $48,000 and, this year, there was only one model on sale for less than $20,000, according to data from Cox Automotive. Jared Rosenholtz, editor-at-large for CarBuzz, joined CBS News to discuss how prices have changed over time and what it means for the industry.
Fewer Americans expecting recession now — CBS News analysis
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Only one new car in the U.S. now sells for under $20,000
Strong consumer demand for SUVs and trucks has left few options for price-conscious vehicle buyers.
White House touts Inflation Reduction Act
The White House is marking one year since the Inflation Reduction Act was signed into law. CBS News chief White House correspondent Nancy Cordes previewed President Biden's remarks on Wednesday and discussed his upcoming trip to the Hawaiian island of Maui following the deadly wildfires.
Fed Reserve: "Significant" inflation risk may merit more rate hikes
Officials want more data to be confident that inflation is abating, according to the minutes of their July 25-26 meeting.
Tips for saving on back-to-school shopping
As we head into the fall, it's time to tackle that back-to-school shopping list -- and this year, parents are expected to shell out a record amount of money on supplies. CBS News' Haley Ott has tips on ways to save.
Inflation cools, but costs still high
While inflation has slowed, many Americans are still seeing costs of necessities like food, shelter and energy impacting household budgets. CBS News' Carter Evans takes a deeper look.
Despite slowing inflation, many Americans still struggling with high prices
For the first time in the U.S., credit card debt has surpassed $1 trillion.
Biden says "economy remains strong"
President Biden praised the numbers in the latest consumer price index report saying it shows the "economy remains strong." The report shows inflation rose for the first time in 12 months, but not as much as experts predicted. CBS News senior White House correspondent Weijia Jiang has more.
U.S. inflation rises 0.2% in July, data shows
A new report from the Bureau of Labor Statistics shows prices for consumer goods rose two-tenths of a percent in July, bringing the annual level to 3.2%. Javier David, managing editor for business and markets for Axios, joined CBS News to go inside the numbers and discuss the possibility of further rate hikes.
Inflation rose in July, marking the first increase in a year
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
New jobs report shows solid labor market
The latest jobs report is showing a strong labor market in the face of inflation-fighting interest rate hikes, with 187,000 jobs added in July. And the unemployment rate is approaching a 50-year low at 3.5%. Daniel Zhao, lead economist at Glassdoor, joined CBS News to discuss the new numbers.
U.S. businesses add 187,000 jobs in July
U.S. businesses added 187,000 jobs in July, keeping pace with June's hiring as employers sought to add staff amid a tight labor market. Job growth has become more muted than earlier this year, Axios managing editor for business and markets Javier David joins CBS News to discuss why.
Where Biden's economic approval stands
President Biden has toured the U.S. touting his administration's economic policies, but do Americans approve of how he has handled the economy? CBS News' executive director of elections and surveys Anthony Salvanto joined "America Decides" to examine the results of new CBS polling on the topic.
Poll shows people pessimistic about economy
Inflation has cooled in recent months and the unemployment rate remains low. Still, a CBS News poll has found that most Americans are pessimistic about the economy. Mark Strassmann takes a look. Read more here.
The economy's long, hot, and uncertain summer — CBS News poll
High prices and interest rates are still weighing on personal budgets.
Minneapolis Fed president on economy
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week.
Optimistic signs about the economy
There were some positive signs last week that the economy might be holding firm. Mark Strassmann has the details.
Fed hikes interest rates to highest level in more than 20 years
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
What another interest rate hike means
The Federal Reserve is expected to raise interest rates again Wednesday afternoon after pausing in June. CBS News business analyst Jill Schlesinger discusses how this hike will affect Americans.
Is Trump's $1.7 billion "anti-weaponization fund" legal? Experts weigh in.
The new fund to provide payouts to those who say the legal system was "weaponized" against them raised immediate questions about its legality, implementation and enforcement.
Live
Iran mulls latest U.S. proposal as Trump says war is in "final stages"
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
NOAA's 2026 Atlantic hurricane season outlook announced
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
DNC releases long-awaited autopsy on 2024 election
The Democratic National Committee released a long-awaited autopsy on the 2024 election that party chair Ken Martin has kept under wraps for months.
Tennessee stops execution after failing to find vein for lethal drugs
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney, Maria DeLiberato, told The Associated Press.
Minnesota fraud ringleader Aimee Bock gets over 40 years in prison
Aimee Bock, the convicted ringleader of the $250 million Feeding Our Future fraud scheme in Minnesota, was sentenced to more than 40 years in prison on Thursday.
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
Colbert hosts "The Late Show" one last time tonight as franchise ends
"The Late Show" host Stephen Colbert is marking the end of an iconic late-night franchise on CBS.
U.S.-bound flight diverted over passenger from Congo amid Ebola restrictions
An Air France flight from Paris to Detroit was forced to divert to Montreal due to U.S. flight restrictions linked to the Ebola outbreak.
U.S.
More U.S.
Consumers are still spending, but cracks are starting to show
Shoppers continue to open their pocketbooks, boosting retailers like Walmart, even as inflation jumps to its highest level in three years.
7th and 8th judges rebuff Justice Dept.'s attempts to get voter rolls from states
The Justice Department has sued 30 states and Washington, D.C., in an effort to gain access to their complete voter registration lists.
"Arc de Trump" design plan approved, without lions on the base
The commissioners, all appointed by Trump, acted despite overwhelming public opposition to the 250-foot arch.
Tennessee stops execution after failing to find vein for lethal drugs
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney said.
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
MoneyWatch
More MoneyWatch
Consumers are still spending, but cracks are starting to show
Shoppers continue to open their pocketbooks, boosting retailers like Walmart, even as inflation jumps to its highest level in three years.
Summer air travel could be rough. Here's how travelers can prepare.
A new report finds that on-time flight arrivals are at their worst level since 2014, with fuel costs and weather adding to summer travel risks.
Record 274 climbers scale Nepal's side of Mount Everest in single day
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
World Cup expected to generate more in sports bets than the Super Bowl
Americans are expected to wager more than $3 billion amid the expansion of legalized sports betting in the U.S.
These are retirees' 5 biggest financial fears
Retirees say inflation, health care costs and market volatility are threatening their financial security.
Politics
More Politics
7th and 8th judges rebuff Justice Dept.'s attempts to get voter rolls from states
The Justice Department has sued 30 states and Washington, D.C., in an effort to gain access to their complete voter registration lists.
Congress delays reconciliation votes amid GOP opposition to new DOJ fund
The House and Senate will both leave Washington for their Memorial Day recess without voting on a reconciliation package to fund federal immigration agencies.
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
DNC releases long-awaited autopsy on 2024 election
The Democratic National Committee released a long-awaited autopsy on the 2024 election that party chair Ken Martin has kept under wraps for months.
Exclusive
DOJ onboards largest-ever class of immigration judges in deportation push
The additions come after the ouster of dozens of immigration judges across the country by the Trump administration over the past year.
HealthWatch
More HealthWatch
U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Is "fibermaxxing" good for your health?
Health and fitness influencers are pushing people to consume more fiber. Keri Glassman, Nutritious Life founder and CEO, joins with her take.
Vanessa Trump announces cancer diagnosis
Vanessa Trump announced on Instagram that she has been diagnosed with breast cancer and is working with her doctors on a treatment plan.
Noah Wyle's push to help healthcare workers
Noah Wyle, who stars in HBO's "The Pitt," joins "CBS Mornings" with Dr. Elisabeth Potter to discuss their push to improve mental health and quality of life for healthcare workers.
Deadly measles outbreak in Bangladesh fuels concern over risks for U.S.
A CBS News medical correspondent and doctor says her "biggest concern for the World Cup is actually measles. It's not hantavirus, it is not Ebola."
World
More World
U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Divers killed in Maldives cave may have taken wrong tunnel: "No way out"
Finnish divers found the Italians in a corridor with a dead end inside the cave complex, Italy's la Repubblica daily reported.
Ukraine ups security as Russia holds nuclear strike drills with Belarus
Russia says "nuclear munitions" sent to Belarus for joint drills in the country that Moscow used as a launchpad for its 2022 invasion of Ukraine.
Record 274 climbers scale Nepal's side of Mount Everest in single day
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
Live
Iran mulls latest U.S. proposal as Trump says war is in "final stages"
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
Entertainment
More Entertainment
"Survivor 50" finalists discuss strategy, how they planned to win
Aubry won the record $2 million prize for earning 8-of-11 votes in Wednesday night's finale of "Survivor 50."
"Survivor 50" players on game strategies
"Survivor" host Jeff Probst joins Gayle King and the top five contestants from "Survivor 50" after the jury crowned a winner in the legendary game.
Survivor 50 winner describes show experience
(Warning: spoiler alert!) The "Survivor 50" final five contestants join Gayle King to discuss the season finale.
"Survivor 50" winner crowned
(Warning: spoilers ahead!) The "Survivor 50" winner has been crowned after a monumental season featuring some of the best in the game. Gayle King breaks down the wild finale.
"Peanuts" music owner sues U.S. government over use of iconic songs
Lee Mendelson Film Productions alleges the U.S. Department of the Interior illegally used the jazzy tunes in social media posts and a video game.
Technology
More Technology
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
Meta's massive layoffs
Meta is cutting thousands of jobs as the company invests in artificial intelligence. Business Insider's Hugh Langley joins CBS News with more details.
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.
What Nvidia's Q1 earnings say about AI race
Cementing its status as the world's most valuable company, Nvidia reported record revenue in its latest earnings report. Britney Nguyen, Nvidia and chips reporter at MarketWatch, joins with analysis.
Google announces AI-focused search bar revamp
Artificial intelligence is prompting Google to change its iconic search bar for the first time in more than 25 years. Mashable tech editor Tim Werth joins CBS News to discuss.
Science
More Science
NOAA's 2026 Atlantic hurricane season outlook announced
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
Crime
More Crime
Tennessee stops execution after failing to find vein for lethal drugs
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney said.
Charges dismissed for ex-official at school where 6-year-old shot teacher
A judge has dismissed all charges against a former school administrator accused of ignoring warnings about a 6-year-old with a gun.
Arrest made in Connecticut 40 years after woman's murder in Virginia
The body of 22-year-old Roberta Walls was found in a field in Virginia Beach on the morning of May 15, 1986.
TikTok star charged in alleged murder plot
A TikTok star and her father were charged for allegedly plotting to kill the father of her daughter, boy band singer Jack Avery, by paying in bitcoin and using the dark web and coded messages. Jonathan Vigliotti has the details.
Feeding Our Future fraud ringleader Aimee Bock sentenced to 41+ years
Aimee Bock, the convicted ringleader of the $250 million Feeding Our Future fraud scheme in Minnesota, was sentenced to more than 40 years in prison on Thursday.
Space
More Space
SpaceX ready to launch more powerful Super Heavy-Starship
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Latest Galleries
More Latest Galleries
Notable Deaths in 2026
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
Comer on interview with Epstein assistant
House Oversight Committee chairman James Comer told reporters Thursday that Jeffrey Epstein's former personal assistant, Sarah Kellen, gave three new names of "people that were involved in abuse."
DNC releases 2024 election autopsy
The Democratic National Committee has released a long-awaited "autopsy" report on the 2024 presidential election. CBS News' Fin Gómez reports.
Rosa María Payá on Raúl Castro indictment
Cuban human rights activist Rosa María Payá joins CBS News 24/7 with her reaction to this week's indictment of Raúl Castro and what comes next for Cuba.
Trump postpones AI cybersecurity order
President Trump on Thursday said he was postponing the signing of an executive order on artificial intelligence cybersecurity. CBS News senior White House correspondent Weijia Jiang reports.
Trump on SCOTUS birthright citizenship case
President Trump spoke to reporters in the Oval Office on Thursday and blasted the Supreme Court over its decision on his tariff policy. This comes as Americans await a massive ruling on Mr. Trump's bid to end birthright citizenship. CBS News' Aaron Navarro reports.