More Americans report shoplifting as inflation climbs, survey finds

Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.

• Jul 21

The Rising Cost of Being Single

Dating has become another casualty of inflation. A new study finds millennials spend an average of $252 per date and Gen Z spends $205. Meanwhile, half of singles say they're going on fewer dates or choosing cheaper activities. Plus, a 30-year-old single woman is daunted by the exorbitant cost of freezing her eggs, and TikTok investor Raoul Pal dismisses the S&P 500's 11% average annual return in favor of investing in bitcoin.

• Jul 21

Moynihan: "Affordability is a challenge"

Bank of America CEO Brian Moynihan told "Face the Nation with Margaret Brennan" that he has been hearing from customers that "affordability is a challenge" amid rising gas and food prices and inflation, but he added that "in the last couple months, we're seeing the wage growth of all income cohorts kind of coalesce together around 3 to 4% which is good."

• Jul 19

Warsh vows to tackle inflation in first testimony as Fed chairman

Federal Reserve Chairman Kevin Warsh told the House Financial Services Committee that the central bank has "no tolerance for persistently elevated inflation."

• Jul 15

Fed Chair Warsh testifies about inflation

Federal Reserve Chair Kevin Warsh testified before the House Financial Services Committee Tuesday as new government data showed inflation rose 3.5% annually in June. Taurean Small reports from Washington, D.C.

• Jul 14

Social Security's 2027 COLA could be the biggest in years

New estimates call for a 3.6% to 3.8% benefit increase next year, although the final adjustment will depend on inflation readings released this summer.

• Jul 14

Inflation eased more than expected in June, CPI report shows

Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.

• Jul 14

Fed chair Kevin Warsh testifies

Federal Reserve Chair Kevin Warsh testified on Capitol Hill about the U.S. economic outlook and took questions about fiscal policy. Taurean Small has more after new data shows inflation cooled in June.

• Jul 14

New inflation data from June

Recently released Labor Department data indicates inflation cooled more than expected in June due to falling gas prices following U.S. diplomatic efforts with Iran. CBS News' Kelly O'Grady has more.

• Jul 14

Millions of Americans take on debt and drain savings to afford food

A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.

• Jul 13

Bessent talks Trump Accounts' July 4 debut

Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about inflation, gas prices and Trump Accounts, which are now available.

• Jul 4

Bessent on Trump accounts, U.S. economy

In an exclusive interview with Kelly O'Grady, Treasury Secretary Scott Bessent reacted to high gas prices, inflation, President Trump's cryptocurrency earnings disclosure and the official launch of Trump Accounts for children.

• Jul 3

Bessent on Trump's crypto earnings: "I don't think there's an appearance problem"

Treasury Secretary Scott Bessent touched on the recent disclosure of President Trump's crypto earnings, the latest developments with the tax-deferred Trump Accounts, and the struggles facing the U.S. economy.

• Jul 2

Couples are spending thousands more on weddings. Here's why.

Tariffs, inflation and changing consumer habits are reshaping how much Americans spend to tie the knot.

• Jul 1

Iran war has cost Americans $1,000 per household, economist estimates

The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.

• Jun 29

Why Fed may raise interest rates this year

The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Greg Robb, economics editor at MarketWatch, joins with analysis.

• Jun 25

PCE inflation index hit 4.1% in May

May's personal consumption expenditure index, the Federal Reserve's preferred inflation gauge, rose 4.1% year to year, the highest level in three years. CBS News senior business and tech correspondent Jo Ling Kent has more.

• Jun 25

Key inflation gauge at highest level since 2023

The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Josh Schafer, Barron's Investor Circle Newsletter editor, joins with analysis.

• Jun 25

Fed's preferred inflation gauge hits 3-year high

Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.

• Jun 25

Americans concerned about costs of Iran war

With gas prices still higher than last year and inflation stretching household budgets thin, many Americans are facing high financial stress. A recent CBS News poll shows that most Americans think the Iran war is not worth its cost. Political strategists Harrison Fields and Jonae Wartel discuss.

• Jun 22

Warsh announces plan to reshape Federal Reserve

The Federal Reserve unanimously voted Wednesday to keep interest rates unchanged. It was the first rate decision under the new chair, Kevin Warsh. CBS News MoneyWatch correspondent Kelly O'Grady has the details.

• Jun 17

Dow falls after Fed holds interest rates steady

The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.

• Jun 17

What to expect as Kevin Warsh leads his first Fed interest rate meeting

New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.

• Jun 17

How Georgia candidates plan on tackling costs

Voters in Georgia are casting their ballots in two key Republican runoff races on Tuesday. Trump-backed Lieutenant Gov. Burt Jones and billionaire Rick Jackson are vying for the GOP nomination for governor. The winner will face Democrat and former Atlanta Mayor Keisha Lance Bottoms in November. Meanwhile, Trump-backed Rep. Mike Collins is facing off with former college football coach Derek Dooley for the GOP nomination for Senate. The winner of that race will take on Sen. Jon Ossoff in November. CBS News correspondent Skyler Henry has more.

• Jun 16

Wholesale prices see biggest spike since 2022

The producer price index came in much higher than expected in May, signaling that U.S. consumers may face more inflation in the coming months. CBS News' Kelly O'Grady explains.

• Jun 11

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