Inflation eased in November as gas prices fell
Inflation across the U.S. continues to fall but remains sticky, with the cost of rent, medicare care and used cars edging up last month.
Inflation
How Biden's pro-Israel stance may impact 2024
A new CBS News poll shows what Americans think about the economy and the Israel-Hamas war, with major implications for 2024. CBS News' Anthony Salvanto, Ed O'Keefe and Bo Erickson have more.
These 4 couponing apps could help keep your wallet padded this holiday
Use these apps to earn cashback and rewards on holiday shopping purchases to avoid blowing your budget as gift prices rise.
Americans still hurting from inflation: Poll
New CBS News polling shows many Americans believe their standard of living is worse than their parents. The poll found people are feeling deep impacts of inflation, despite strong economic data and speculation surrounding a so-called "soft landing" for the economy. CBS News executive director of elections and surveys Anthony Salvanto breaks down the numbers.
Poll: Americans feel inflation's impact on living standards, opportunities
Many feel worse off than their parents' generation as income isn't keeping up.
CBS News poll: Americans on inflation's impact
Inflation's impact may even go beyond the immediate pressure on Americans' pocketbooks, to a larger sense that it is stifling opportunity in America and the deeper sense that the nation's economic troubles of recent years have been, as a whole, tougher than others it has faced in generations. Anthony Salvanto joins "Face the Nation" to discuss the results the CBS News poll's findings
Holiday spending forecasted to be merry and bright
After a period of high inflation, the U.S. has received some good economic news in time for the holidays. Gas prices and mortgage rates have dipped, and job growth remains steady. For many shoppers, it will translate to more holiday spending. Joy Benedict has more.
Job growth shows signs of economic resilience
The latest job numbers from the U.S. Labor Department could indicate the economy may not slow down as inflation decreases. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBS News with a look at the data.
Deflation hits used cars and appliances: WSJ
Americans are starting to see deflation for the first time in three years -- but only on some items, not across the economy. New reporting from the Wall Street Journal shows price drops for used cars, furniture and appliances. David Harrison, reporter for The Wall Street Journal, joined CBS News to talk about the numbers.
The U.S. economy has a new twist: Deflation. Here's what that means.
After more than two years of price hikes, consumers are finally getting breaks on some items. That could help push inflation closer to 2%.
U.S. workers say inflation outpacing income
Around two-thirds of employed Americans say they have received a pay raise since last October, but 60% say their income hasn't been high enough to keep up with inflation, according to a Bankrate survey. CBS News business analyst Jill Schlesinger has more details.
Here's how much more you need to spend to maintain your living standard
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
Red Lobster's cheap "endless shrimp" offer chewed into its profits
Red Lobster added all-you-can-eat shrimp to its menu. Then it realized how much Americans can eat.
U.S. economy growing faster than expected
The U.S. gross domestic product — the broadest measure of economic activity — grew a revised 5.2% in the third quarter of 2023. That's the highest quarterly GDP growth in nearly two years, according to the Bureau of Economic Analysis. Reade Pickert, Federal Reserve editor for Bloomberg, joins CBS News to unpack the state of the economy.
Biden announces efforts to ease inflation
The Biden administration announced dozens of new measures Monday to boost manufacturing and cut down on supply chain issues with the overall goal of easing inflation. Courtenay Brown, an economics reporter for Axios, joined CBS News to discuss the moves.
Inflation is cooling, but most Americans say they haven't noticed
About 60% of American workers say their income has lagged inflation over the past 12 months, survey shows.
The U.S. economy is doing even better than the government thought
U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.
Cyber Monday remains the biggest online shopping day of the year
Stressed consumers faced with pressure from inflation and credit card debt are relying on the lure of big deals to fuel their shopping.
Inflation is still on the menu at fast-food chains. Here's why.
Fast-food prices have gone up faster than groceries, with McDonald's seeing fewer low-income customers as a result.
The cities where the middle class is thriving — and struggling
The Bay Area is the best performing region within the U.S. for middle- and working-class families, according to a new analysis.
How to beat holiday stress and stay present
Ahead of the holiday season, a new survey finds Americans are feeling the strain from inflation, national and world affairs, and rising respiratory illnesses. CBS Newspath's Dina Demetrius shares some expert tips on how to tamp down the holiday stress and increase the joy.
Rate hike pause could be good for your 401(k)
An end to the interest rate hike cycle may be in sight with inflation cooling. Al Root, a senior writer at Barron's, breaks down how the rate hike pause could positively impact your retirement savings plans.
Many Thanksgiving staples cost more this year
CBS News takes a look at how the costs of turkey and all the fixings will affect Thanksgiving dinner plans. Jo Ling Kent reports.
Cost of groceries could go down in 2024
Agriculture experts say grocery store prices could ease up in the new year after a three-year surge. Sugar, coffee and corn are among the items predicted to get cheaper, according to a new report from Rabobank. Dominick Reuter, a senior reporter for Insider, joined CBS News to discuss the report.
Inflation raises prices of Thanksgiving staples
While the price of turkey has dropped compared to last year, many other Thanksgiving classics have seen their prices rise significantly, as inflation continues to take a toll on the economy. Jo Ling Kent has details.
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