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.
Exclusive
See how Minnesota fraudsters spent millions earmarked for hungry kids
Documents and images show luxury purchases and wire transfers to China and East Africa.
Johnson says boat strike hit "able-bodied" survivors who were "not injured"
House Speaker Mike Johnson told reporters he's satisfied with the intelligence and legality of the operation that killed two survivors of a U.S. strike on an alleged drug boat.
Trump signs executive order to block "excessive" state AI regulations
President Trump has signed an executive order to block states from regulating artificial intelligence.
Noem confronted by Democrats, including about allegedly removing veterans from U.S.
House Democrats pushed Homeland Security Secretary Kristi Noem for answers on the Trump administration's immigration operations, with one lawmaker confronting her with a veteran who he said had been issued a removal order.
Trump pardons election official Tina Peters, but she was charged in state court
President Trump said he is granting a pardon to Tina Peters, a former Colorado county clerk who was convicted of allowing unauthorized access to voting machines — even though the pardon power is widely understood to only apply to federal crimes.
Erika Kirk: Controversial Charlie clips lack context
The CBS News town hall with Erika Kirk will air Saturday at 8 p.m. ET/PT on CBS.
Kilmar Abrego Garcia leaves ICE detention after judge ordered release
A federal judge in Maryland on Thursday ordered Kilmar Abrego Garcia's immediate release from Immigration and Customs Enforcement custody.
Indiana GOP redistricting bill fails in state Senate despite Trump's pressure
Indiana state police said "numerous" state lawmakers had faced bomb threats and been the subject of swatting hoaxes amid the push for redistricting.
Senate fails to advance health care bills, with price hikes looming
The Senate on Thursday failed to advance competing Democratic and Republican measures to address health care costs. Follow live updates here.
U.S.
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Trump pardons election official Tina Peters, but she was charged in state court
President Trump said he is granting a pardon to Tina Peters, a former Colorado county clerk who was convicted of allowing unauthorized access to voting machines — even though the pardon power is widely understood to only apply to federal crimes.
Johnson says boat strike hit "able-bodied" survivors who were "not injured"
House Speaker Mike Johnson told reporters he's satisfied with the intelligence and legality of the operation that killed two survivors of a U.S. strike on an alleged drug boat.
Erika Kirk: Controversial Charlie clips lack context
The CBS News town hall with Erika Kirk will air Saturday at 8 p.m. ET/PT on CBS.
Bessent calls for overhaul of regulator that protects U.S. financial system
Treasury Secretary's proposal to revamp the Financial Stability Oversight Council would expose Americans to risk, critics say.
Camp Mystic hopes new flood warning system will prevent future catastrophes
In early July, more than 130 people were killed in catastrophic flash flooding in the Texas Hill Country region, including 27 campers and counselors at Camp Mystic.
MoneyWatch
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Trump signs executive order to block "excessive" state AI regulations
President Trump has signed an executive order to block states from regulating artificial intelligence.
Bessent calls for overhaul of regulator that protects U.S. financial system
Treasury Secretary's proposal to revamp the Financial Stability Oversight Council would expose Americans to risk, critics say.
Here's how Trump's $1 million "gold card" visa will work
The Trump administration says it's also creating a $5 million platinum card visa that will allow foreigners to live in the U.S. for 270 days a year.
Former officials warn of safety risks because of consumer watchdog cuts
The Consumer Product Safety Commission has lost key leadership and staff over the past year. Now two former commissioners removed by the Trump administration are raising concerns over safety risks.
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.
Politics
More Politics
Trump signs executive order to block "excessive" state AI regulations
President Trump has signed an executive order to block states from regulating artificial intelligence.
Trump pardons election official Tina Peters, but she was charged in state court
President Trump said he is granting a pardon to Tina Peters, a former Colorado county clerk who was convicted of allowing unauthorized access to voting machines — even though the pardon power is widely understood to only apply to federal crimes.
Johnson says boat strike hit "able-bodied" survivors who were "not injured"
House Speaker Mike Johnson told reporters he's satisfied with the intelligence and legality of the operation that killed two survivors of a U.S. strike on an alleged drug boat.
What one California candidate for governor says about how he'd try to repeal controversial laws
Just how much power will the next governor have to repeal controversial California laws?
Bessent calls for overhaul of regulator that protects U.S. financial system
Treasury Secretary's proposal to revamp the Financial Stability Oversight Council would expose Americans to risk, critics say.
HealthWatch
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Botulism outbreak tied to ByHeart products includes 51 babies in 19 states
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
Extended interview: Dr. Rochelle Walensky
CBS News chief medical correspondent Dr. Jon LaPook speaks at length with former CDC director Dr. Rochelle Walensky about the hepatitis B vaccine and last week's vote by the CDC's vaccine advisory panel to change the recommendation for when children should get their first dose of the vaccine.
Nursing home chain avoids settlement payouts after bankruptcy filing
Genesis HealthCare's bankruptcy case in Dallas will allow the nursing home chain to avoid paying millions of dollars it promised for residents who were injured or died while in its care.
Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Details on CDC's hepatitis B vaccine decision
The Centers for Disease Control and Prevention's vaccine advisory panel on Friday voted to not recommend the hepatitis B vaccine for everyone at birth, alarming many in the medical community. CBS News medical contributor Dr. Celine Gounder explains what to know about the decision and its potential impact.
World
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6.7 magnitude quake strikes off northern Japan's coast
It comes after a 7.5 magnitude earthquake struck the same region earlier this week.
Skydiver dangles from plane in midair after parachute mishap, video shows
The skydiver survived after sawing through the tangled lines with a hook knife and landing safely with only minor injuries.
U.S. sanctions 3 of Maduro's nephews, 6 oil tankers
The U.S. has imposed sanctions on three nephews of Venezuelan President Nicolás Maduro and half a dozen shipping vessels accused of transporting Venezuelan oil.
Critics detail concerns over proposed Chinese "super embassy" in London
Two former MI6 officials detail their espionage concerns, as the U.K once again delays its final decision on a new Chinese embassy in London.
Exclusive
Inside the secret mission to get Nobel Peace Prize winner out of Venezuela
An American special forces veteran led the operation to get María Corina Machado out of Venezuela: "The first Nobel Prize winner that we've ever rescued."
Entertainment
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Director found guilty of scamming $11M from Netflix and buying luxury cars, mattresses
Carl Erik Rinsch, a Hollywood director, has been convicted on charges that he scammed Netflix out of $11 million for a show that never materialized.
Taylor Swift talks docuseries, favorite songs
Taylor Swift appeared on "The Late Show with Stephen Colbert" on Wednesday while promoting her upcoming docuseries. She spoke about her life after the Eras Tour, her favorite songs from her catalogue and who she turns to for advice.
"Waiting to Exhale" stars on 30th anniversary
The iconic movie "Waiting to Exhale," starring Angela Bassett, Whitney Houston, Loretta Devine and Lela Rochon premiered 30 years ago this month. The film, which had an all Black cast and focused on female empowerment, was a box office hit. "CBS Mornings" co-host Gayle King spoke with the stars of the film about the movie and what Houston would think.
Sombr talks about writing breakout hits
Singer-songwriter Sombr is up for Best New Artist of the Year at the Grammy Awards. He was the only writer on his debut album, "I Barely Know Her." He spoke to Anthony Mason about where his journey began and his whirlwind year.
Carly Pearce on new music
Grammy-winning country music superstar Carly Pearce joins "CBS Mornings" to talk about her highly-anticipated fifth studio album, fans relating to the lyrics in her music and being vulnerable.
Technology
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Technology
Time editor explains "architects of AI" cover
Time announced its highly anticipated "Person of the Year" cover on Thursday. This year, the magazine is recognizing the "architects of AI." Charlie Campbell, Time editor-at-large and one of the co-authors of the article, joins "The Daily Report" to explain the decision.
Disney announces deal with OpenAI
A new agreement between Disney and OpenAI will allow users to generate their own AI videos of iconic characters like Mickey Mouse, Elsa, Darth Vader and dozens more. Wired executive editor Brian Barrett joins to discuss.
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.
Time magazine reveals 2025 Person of the Year
Time magazine has just announced its 2025 Person of the Year, recognizing not just one person, but a group its calling "the architects of AI." The digital article is out now.
Time magazine reveals its 2025 Person of the Year
Time magazine named "the architects of AI" its 2025 Person of the Year on Thursday, calling out tech industry leaders behind the rise in artificial intelligence.
Science
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Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Crime
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Crime
Analysis: U.S. arrests plummet since pandemic
The number of people arrested yearly in the U.S. has dropped since the onset of the COVID-19 pandemic, according to analysis from the Council on Criminal Justice. CBS News' Anna Schecter has more.
Latest in Luigi Mangione pretrial hearings
Luigi Mangione was back in court for Day 6 of a crucial evidence hearing on Thursday. Lawyers for the man accused of gunning down UnitedHealthcare CEO Brian Thompson want to keep some key pieces of evidence out of his upcoming murder trial. CBS News legal reporter Katrina Kaufman has more.
Latest on Sherrone Moore arrest
Ex-University of Michigan football coach Sherrone Moore remains in jail Thursday, a day after he was fired by the school. The university said an investigation had found "credible evidence" he had been engaged in an "inappropriate relationship with a staff member." CBS News national correspondent Jericka Duncan reports.
Suspected KSU gunman faces judge
The suspected gunman in the deadly Kentucky State University shooting has faced a judge in his first arraignment hearing since police caught him on Tuesday. CBS News correspondent Skyler Henry reports.
Judge weighs media access in Charlie Kirk trial
The man charged with Charlie Kirk's murder appeared in court on Thursday as his attorneys continue to push to restrict media access to the proceedings. CBS News justice correspondent Scott MacFarlane has more.
Space
More Space
NASA says Maven spacecraft that was orbiting Mars has gone silent
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
Black hole spotted blasting winds at 130 million miles per hour
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
3-man crew undocks from space station, wrapping up 8-month stay
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
The Uplift: Pint-sized politician
A pint-sized politician proves you are never too little to run a big campaign. David Begnaud catches up with the Agars, a father-son duo making history by competing together in triathlons. Plus, more heartwarming stories.
Is Trump's MAGA base showing fractures?
The release of the files in the federal investigation into convicted sex offender Jeffrey Epstein is dividing President Trump's base. The Free Press' Olivia Reingold joins CBS News 24/7 to dive into the debate. The Free Press is a Paramount publication.
National park shops told to purge DEI merch
National parks across the U.S. must clear their gift shops of any items promoting diversity, equity and inclusion after a Trump administration order. CBS News correspondent Lana Zak has more.
Report: Gen Z more likely to return products
A new report from the National Retail Federation shows that Gen Z shoppers make the most returns out of any generation, despite the environmental harm it can cause. Taylor Hoit, head of product and technology at the online marketplace Rebel, joins CBS News to discuss.
Kansas man fights to legalize raccoons as pets
In at least 32 states, pet raccoons are illegal. That includes Kansas, where one man with a soft spot for the creatures is hoping to change that. Dave Malkoff reports.