May inflation likely topped 4% for first time in 3 years, economists say
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
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Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
The Bureau of Labor Statistics released the May jobs report on Friday, with numbers that were significantly higher than experts' projections. President Trump traveled to Wisconsin to meet with dairy farmers in an attempt to energize his supporters. CBS News' Kelly O'Grady and Nikole Killion have more.
The Trump administration is touting the latest jobs report, claiming it shows the president's economic policies are working. CBS News' Nancy Cordes reports.
The latest jobs report beat expectations for the month of May, but some key points remain unchanged. CBS News' Kelly O'Grady and Aaron Navarro report.
Consumers have kept the economy chugging along despite financial pressures. But some signs suggest they could be losing steam, experts say.
New government data shows Americans are saving less as the U.S. grapples with inflation and higher costs linked to the Iran war. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
In the 1800s, Hartford, Connecticut, picked up the nickname, "The Insurance Capital of the World." Tony Dokoupil visits the city to ask people about rising insurance and healthcare costs.
Americans are now paying 20% more for food than four years ago. Inflation rose nearly 1% this month, mainly due to higher gas prices. Shanelle Kaul reports.
Millions are planning get-togethers with family and friends this weekend, despite high prices. In this week's "Affordability in America," Jo Ling Kent has more.
President Trump on Friday hosted a swearing-in ceremony for the new Federal Reserve Chair, Kevin Warsh. Jon Hilsenrath, visiting scholar at Duke University, joins with analysis on what Warsh will face in the coming months.
Stew Leonard Jr., the president and CEO of the Stew Leonard's grocery chain, joins CBS News to discuss navigating inflation and its impact.
An executive order signed by President Trump on Thursday loosens a federal rule requiring grocery stores and air conditioning companies to reduce greenhouse gas emissions from cooling equipment. CBS News correspondent Natalie Brand has more.
New consumer data shows Americans are still spending despite concerns about inflation. Jill Schlesinger explains.
U.S. government bonds are sagging as investors fret that hotter inflation will keep interest rate cuts on hold.
Gas prices, airfares, accommodations and other vacation essentials are more expensive this year compared to last year.
"CBS Mornings" offers some tips to avoid spending extra on vacation amid inflation concerns. Kris Van Cleave reports.
Adulting can be expensive, and a new survey shows Generation Z is having trouble keeping up. Will Smayda, head of financial centers at Bank of America, joins to unpack the data.
New CBS News polling shows a large number of Americans are concerned about their finances and a growing number of people are expressing negative overall views of the U.S. economy. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
With inflation hitting its highest point since 2023, Kiana Powell told CBS News, "I cannot let a deal go to waste if it's something that I am using daily."
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
President Trump's approval rating has slipped to its lowest level since 2023, with more than half of Americans saying his policies are making the economy worse, a CBS News poll shows. CBS News contributor Javier David has more.
Friday marked Jerome Powell's last day as Chairman of the Federal Reserve. CBS News producer Emily Pandise takes a look at his legacy.
Families are flooding back to food pantries across the country as prices are rising faster than paychecks for the first time in three years. Jason Allen reports.
New small-business data raises concerns about the impact of certain economic conditions and global events. CBS News' Jill Schlesinger has more. (Sponsored by AT&T Business)