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.
Inflation
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
New wholesale inflation data shows huge rise
New Producer Price Index data signals that inflation continues to affect wholesalers more and more. CBS News' Kathryn Watson has more.
Trump says U.S. will take Iran's Kharg island
President Trump is renewing his threats to take Iran's Kharg Island, a move that would worsen the dynamic with Tehran despite diplomatic efforts to reach a peace deal. CBS News' Robert Berger and Aaron Navarro report.
Wholesale prices see biggest spike since 2022 as energy costs climb
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
Trump says U.S. will continue to bomb Iran
President Trump announced that more attacks on Iran are coming following two days of strikes on Iranian facilities and reciprocal strikes in the region by Tehran. CBS News' Kathryn Watson reports.
Trump says "I love the inflation"
Inflation surpassed 4% in May, surging to its highest level in three years, new government data shows. When asked about the latest spike in prices, President Trump said "I love the inflation" and argued global prices would be higher if not for a secret U.S. mission in the Strait of Hormuz. Nancy Cordes has more.
New survey results on U.S. financial stress
A new poll from Edward Jones and Gallup of more than 5,000 adults found only 16% felt financially "fulfilled." More than half said they feel financially "conflicted," experiencing both stability and uncertainty. 32% were financially stressed. Washington Post columnist Michelle Singletary joins "The Daily Report" to discuss her article about the poll.
In a tough economy, many U.S. teachers forced to work second jobs
According to a recent survey, 71% of U.S. public school teachers said they work at least one second job.
Teachers leaning on side hustles
Over a third of U.S. workers now hold multiple jobs just to keep up, according to a recent survey by ZipRecruiter. Meg Oliver shows how many school teachers are working side hustles in this "Affordability in America."
Inflation topped 4% in May as CPI surged to highest level in 3 years
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
U.S. inflation hits 3-year-high
The U.S. saw its highest inflation since April 2023 in May, according to the latest numbers from the Bureau of Labor Statistics. Kelly O'Grady has more.
What May inflation signals about state of economy
Inflation in the U.S. accelerated in May to its highest level in more than three years. CBS News' Kelly O'Grady breaks down the numbers.
Why consumer prices jumped in May
U.S. consumers paid higher prices once again in May, with inflation at its highest level in over three years. According to the latest report from the Bureau of Labor Statistics, consumer prices accelerated at an annual rate of 4.2%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Breaking down May's inflation report
Inflation surged again in May due to high energy costs and supply constraints worsened by the Iran war. Madison Mills, a senior reporter at Axios, joins to discuss.
Trump on CPI data: "I love the inflation"
President Trump is weighing in on the latest Consumer Price Index data, which shows inflation rose to 4.2% in May. Mr. Trump said, "I love the inflation," and said oil and gas prices will slump after the war with Iran is over.
Investigation
Armed federal agents knock on doors looking for noncitizen voters
American Stephen Hubbard released by Russia, Trump confirms
Witkoff blasted for calling Putin a "humanitarian"
DOJ asks Supreme Court to allow border wall construction in Big Bend region
Live
Iran says indirect talks with U.S. on ceasefire proposal continue
Supreme Court rejects bid to restrict treatments for trans inmates
Investigation
We tested an experimental weight loss drug. The results were "terrifying."
Video shows moments leading up to police fatally shooting toddler
