Trump says "prices are coming down." Here's what the data shows.
President Trump says he's winning the war against inflation. But a look at prices around the U.S. shows why many Americans still feel financially squeezed.
Inflation
Federal Reserve's latest interest rate cut
The Federal Reserve announced another interest rate cut, and chairman Jerome Powell broke down key details about the economy that led to the decision. MarketWatch's editor in chief Mark DeCambre joins CBS News with his take.
Fed cuts rates for third straight time
The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points. It's the third consecutive rate cut for the Fed as inflation continues to rise. CBS News MoneyWatch correspondent Kelly O'Grady explains what it means for you.
Americans share their view on state of economy
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Fed lowers interest rates by 0.25 percentage points in third straight cut
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Trump says he's crushing inflation
President Trump told the crowd at a Pennsylvania rally that he's crushing inflation despite Americans voicing affordability concerns. CBS News' Ed O'Keefe has more details.
Trump says he's "crushing" inflation
President Trump addressed a crowd in Mount Pocono, Pennsylvania, to discuss his economic policies. This comes as affordability remains a prominent issue among Americans preparing to vote in the midterm elections. CBS News' Ed O'Keefe reports.
Federal Reserve interest rate cut expected
The Federal Reserve is expected to announce an interest rate cut as the nation navigates an affordability crunch. Kristin Myers, the ETF editor-in-chief for Asset TV, joins with more.
Trump says tariffs are making farmers rich
President Trump delivered remarks on the economy in Mount Pocono, Pennsylvania, Tuesday night. The address comes as CBS News polling finds only 32% of Americans think the economy is good. CBS News' Erica Brown reports.
Trump on economic accomplishments in PA
President Trump is taking his economic message on the road as the word "affordability" dominates the political conversation. CBS News senior White House correspondent Weijia Jiang reports.
Trump to tout low prices, data says otherwise
President Trump has been trying to drive home a message that some prices are lower than they were a year ago. CBS News chief White House correspondent Nancy Cordes reports on the president's upcoming economic event in Pennsylvania.
Fed expected to cut interest rates
It appears all but certain that the Federal Reserve will cut interest rates on Wednesday. CBS News business analyst Jill Schlesinger explains why.
Trump traveling to tout economy wins
President Trump is headed to Pennsylvania to tout his economic wins amid growing concerns among Americans about high prices. CBS News' Ed O'Keefe reports.
New poll on Trump voters and affordability
A new Politico poll finds that 37% percent of 2024 Trump voters say the cost of living is the worst they can remember. Political strategists Joel Payne and Ashley Davis join with analysis.
Trump calls Hassett "potential Fed chair"
President Trump on Tuesday called Kevin Hassett, director of the National Economic Council, a "potential Fed chair." Hassett joins "The Takeout" with his reaction to the moment and to discuss the state of the economy.
Gas prices drops below $3 nationwide, new data shows
New data from GasBuddy shows gas prices dropped below $3 per gallon. Bankrate's Mark Hamrick joins "CBS News Mornings" with more.
Record spending predicted for holiday season
Americans spent a record $12 billion online on Black Friday this year, according to Adobe Analytics. Ali Bauman reports on how rising prices are impacting shoppers.
Economic data shows low consumer confidence
U.S. consumers felt less confident about the economy in November amid the government shutdown and inflation, new economic data shows. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Consumer confidence falls in November: Report
A new report shows consumer confidence has hit its lowest point since April. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Breaking down the delayed September PPI report
The Producer Price Index report, delayed by the government shutdown, shows that prices ticked up in September. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Ratings on economy hit lowest mark of 2025
New CBS News polling finds that Americans' feelings about the economy and inflation don't match the messaging being put out by the Trump administration. CBS News executive director of elections and surveys Anthony Salvanto has the numbers.
Why is Marjorie Taylor Greene leaving Congress?
On Friday night, Republican Rep. Marjorie Taylor Greene of Georgia announced she would resign from Congress in January 2026. Dave Levinthal, investigative journalist for NOTUS, and Tia Mitchell, Washington bureau chief for the Atlanta Journal-Constitution, join to discuss.
How Americans view Venezuela military action
A new CBS News poll captures how Americans view potential U.S. military action in Venezuela. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
How the Medicare premium hike could impact your Social Security check
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
CBS News poll finds most would oppose U.S. military action in Venezuela
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Live
Trump says Iran "not ready to make the right deal" as U.S. turns to economic warfare
As Vice President JD Vance declares economic pressure "the most effective tool that we have," Iran seeks to show deepening trade ties with its neighbors.
Supreme Court temporarily allows work on White House ballroom to continue
Chief Justice John Roberts issued a stay that will remain in place until the Supreme Court takes further action.
First on CBS
Pentagon moves to fire publisher and editor of Stars and Stripes
The Pentagon has given separation notices to both the publisher and the editor in chief of Stars and Stripes, according to people familiar with the matter.
Controversial pro-Trump attorney Ed Martin leaving administration
Ed Martin, the pro-Trump lawyer who has been at the center of several controversies, is departing the administration, the president announced.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
8 dead in charter plane crash near remote military radar site in Alaska
The crash of a small plane in Alaska chartered by the U.S. Army Corps of Engineers is under investigation.
Court says prosecutor who subpoenaed Letitia James was unlawfully appointed
A federal appeals court said the top federal prosecutor in the Northern District of New York was unlawfully serving when he subpoenaed state Attorney General Letitia James.
Russian strike kills 15 people at shopping mall in Zelenskyy's hometown
Zelenskyy described the attack as a double-tap strike, in which an initial wave of drones hit the area, followed by a second wave as rescue workers responded.
People are scrambling to find wads of cash dropped all over American cities
Cash drop social media accounts have people racing to find money hidden across the country. Here's what's behind the viral videos.
U.S.
More U.S.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
Controversial pro-Trump attorney Ed Martin leaving administration
Ed Martin, the pro-Trump lawyer who has been at the center of several controversies, is departing the administration, the president announced.
People are scrambling to find wads of cash dropped all over American cities
Cash drop social media accounts have people racing to find money hidden across the country. Here's what's behind the viral videos.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
MoneyWatch
More MoneyWatch
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
People are scrambling to find wads of cash dropped all over American cities
Cash drop social media accounts have people racing to find money hidden across the country. Here's what's behind the viral videos.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Nearly 25% of workers are "functionally unemployed," analysis finds
An alternative measure of unemployment that accounts for wages suggests the U.S. labor market is weaker than it looks.
Politics
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Controversial pro-Trump attorney Ed Martin leaving administration
Ed Martin, the pro-Trump lawyer who has been at the center of several controversies, is departing the administration, the president announced.
Court says prosecutor who subpoenaed Letitia James was unlawfully appointed
A federal appeals court said the top federal prosecutor in the Northern District of New York was unlawfully serving when he subpoenaed state Attorney General Letitia James.
First on CBS
Pentagon moves to fire publisher and editor of Stars and Stripes
The Pentagon has given separation notices to both the publisher and the editor-in-chief of Stars and Stripes, according to people familiar with the matter.
Supreme Court temporarily allows work on White House ballroom to continue
Chief Justice John Roberts issued a stay that will remain in place until the Supreme Court takes further action.
IndyCar is holding its first race in D.C. this weekend. Here's what to know.
Twenty-five cars traveling at top speeds approaching 180 mph will zoom around the National Mall this weekend when IndyCar takes over downtown D.C.
HealthWatch
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Cardiac event reveals Olympian's rare heart condition: "There was a God present"
Olympian Jenny Simpson said she won't be able to run again after being diagnosed with a rare heart condition earlier this year.
Mom says postpartum psychosis made her feel like "such a monster"
As the trial of Lindsay Clancy brings renewed attention to postpartum psychosis, Haley Ashcom shares her experience with the dangerous condition.
Drug mix-up at hospital causes dire complications in 4 patients
Four patients at Ascension Saint Thomas Midtown received incorrect medications last week, CBS affiliate WTVF reported.
How Moderna's melanoma mRNA vaccine could fight deadliest skin cancer
CBS News medical correspondent Dr. Céline Gounder, who has had melanoma herself, said Moderna's experimental trial is "a big win for mRNA vaccines against cancer."
Melanoma vaccine shows promising results
An experimental melanoma vaccine could reduce the risk of the cancer returning or spreading for some high-risk patients. It's personalized for each patient and optimized using artificial intelligence. Dr. Jon LaPook has more details.
World
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Sword attack at school in Sweden leaves 1 dead, police say
An 18-year-old with a sword attacked a school Friday in central Sweden, killing one person and seriously injuring at least two others.
Russian strike kills 15 people at shopping mall in Zelenskyy's hometown
Zelenskyy described the attack as a double-tap strike, in which an initial wave of drones hit the area, followed by a second wave as rescue workers responded.
Why Dubai may be vital to the Trump administration's economic war on Iran
The effectiveness of a bolstered economic campaign against Iran may rest largely on one close U.S. ally in the Persian Gulf, the United Arab Emirates.
Controversial Netflix dating show sparks backlash in Japan
Japan's justice ministry said it will cancel a collaboration with "Badly in Love," a Netflix dating show featuring ex-juvenile delinquents.
Iran set to impose longer prison terms for any contact with foreign media
Iranians could soon face up to two years in prison for daring to communicate in any way with a foreign news outlet, embassy or institution.
Entertainment
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Entertainment
Man who took final photo of Tupac testifies
The man who took the last known photo of Tupac Shakur testified on Friday in the trial of a man accused of organizing the rapper's killing. CBS News legal reporter Katrina Kaufman has the latest.
Book excerpt: "The Serviceberry" by Robin Wall Kimmerer
The #1 New York Times bestselling author of "Braiding Sweetgrass" writes about embracing gratitude and reciprocity in our dealings with nature, and the importance of recognizing and sharing the many gifts the world gives us.
Hayden Panettiere's mom speaks out
Hayden Panettiere's mom is speaking out on their strained relationship. This comes as Neutrogena comments on its working relationship with the late actor.
Controversial Netflix dating show sparks backlash in Japan
Japan's justice ministry said it will cancel a collaboration with "Badly in Love," a Netflix dating show featuring ex-juvenile delinquents.
Katherine LaNasa on "The Pitt"
Award-winning actor Katherine LaNasa discusses her recent Emmy nomination for her role as charge nurse Dana Evans on hit HBO series "The Pitt."
Technology
More Technology
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
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.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Woman covertly filmed by Meta smart glasses raises privacy concerns
One woman is speaking out after she was secretly filmed, saying that technology like Meta's AI-powered smart glasses threatens personal privacy.
Science
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Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
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Crime
Lindsay Clancy trial nears closing arguments
The defense rested Friday in Lindsay Clancy's murder trial for the killings of her three young children. CBS News' Shanelle Kaul reports on the case.
Man who took final photo of Tupac testifies
The man who took the last known photo of Tupac Shakur testified on Friday in the trial of a man accused of organizing the rapper's killing. CBS News legal reporter Katrina Kaufman has the latest.
Sword attack at school in Sweden leaves 1 dead, police say
An 18-year-old with a sword attacked a school Friday in central Sweden, killing one person and seriously injuring at least two others.
Psychiatrist in Yates case testifies for Clancy
The defense rested Friday in Lindsay Clancy's murder trial after testimony from Dr. Phillip Resnick, a forensic psychiatrist who also testified Andrea Yates case after she killed her five children in Texas in 2001. Clancy has admitted to killing her three young children, but has pleaded not guilty, arguing she was overmedicated and suffering from postpartum psychosis. CBS News' Shanelle Kaul has more.
Defense rests case in Lindsay Clancy trial
The defense for Lindsay Clancy has rested their case in the murder trial over the killings of Clancy's three young children. CBS News legal contributor Rebecca Roiphe has more.
Space
More Space
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Latest Galleries
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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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Latest on USS Lincoln's trip home to San Diego
The USS Abraham Lincoln has left the Middle East and is cruising back to its home port of San Diego after a record-long deployment. CBS News' Charlie D'Agata has more.
Trump campaigning for Darline Graham
President Trump is in South Carolina Friday night to campaign for Sen. Darline Graham as she continues her campaign for a full term in her late brother Lindsey Graham's Senate seat. CBS News' Nikole Killion reports.
Lindsay Clancy trial nears closing arguments
The defense rested Friday in Lindsay Clancy's murder trial for the killings of her three young children. CBS News' Shanelle Kaul reports on the case.
SCOTUS: Trump can continue ballroom work for now
The Supreme Court on Friday temporarily allowed President Trump's White House ballroom construction to continue. CBS News chief legal correspondent Jan Crawford has the details.
USS Lincoln leaves Middle East after months
The USS Washington arrived in the Middle East from Asia on Thursday and relieved the USS Lincoln after a nine-month deployment. The move comes as the Trump administration says it will unveil the "toughest sanctions" on Iran. CBS News' Margaret Brennan and Elliot Ackerman have more.