5 economic signals suggest U.S. consumers are feeling the strain
Consumers have kept the economy chugging along despite financial pressures. But some signs suggest they could be losing steam, experts say.
Watch CBS News
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
Consumers have kept the economy chugging along despite financial pressures. But some signs suggest they could be losing steam, experts say.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
The S&P 500 hit a new record on Wednesday, even as soaring gas prices fuel inflation and consumer confidence sinks.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
Oil prices were also mixed after U.S. strikes on Iranian forces, underscoring the risks still hanging over markets and consumers.
Landing a good-paying job may not be enough to buy a home. A new study finds family wealth plays an outsized role in who becomes a homeowner.
Shoppers continue to open their pocketbooks, boosting retailers like Walmart, even as inflation jumps to its highest level in three years.
Retirees say inflation, health care costs and market volatility are threatening their financial security.
U.S. government bonds are sagging as investors fret that hotter inflation will keep interest rate cuts on hold.
Buyers can still find lower-cost homes in some midsize cities, especially across the Rust Belt and Sun Belt, a new analysis finds.
College grads outearn people without a degree within 15 years, even after paying for tuition, study finds.
As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
Trump Mobile's $499 gold-toned phone has faced delays since it was unveiled in June 2025.
More than a dozen American CEOs are accompanying President Trump on his trip to China. That's not unusual.
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.