Extended Interview: Mike Pence on Trump tariffs, Jeffrey Epstein and more – CBS News Watch CBS News Former Vice President Mike Pence discusses the first six months of President Trump’s second term, weighs in on Mr. Trump’s criticism of Federal Reserve Chair Jerome Powell, and calls on the Trump administration to “release all the files” … Read more
Trump says it’s “highly unlikely” he fires Fed Chair Jerome Powell – CBS News Watch CBS News President Trump on Tuesday night privately floated firing Federal Reserve Chairman Jerome Powell, then publicly backed away on Wednesday. CBS News chief White House correspondent Nancy Cordes reports. Be the first to know Get browser notifications for breaking … Read more
What a steady wholesale inflation rate says after report showed rising consumer inflation – CBS News Watch CBS News The Producer Price Index report showed wholesale inflation measure was unchanged in June. It comes on the heels of the Consumer Price Index showing inflation accelerated in June. CBS News business contributor Javier David joins to … Read more
Trump urges Fed to lower interest rates as new inflation data shows slight rise – CBS News Watch CBS News President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O’Grady has the … Read more
Prices may still rise despite tariff reversal Despite tariff reversal, some prices could still increase. Here’s why. 01:53 As consumers cope with lingering cost-of-living pressures and the potential impact of tariffs, CBS News is tracking the change in prices of everyday household expenses — from food to utilities and rent. How fast are prices rising? … Read more
How to save on groceries as prices climb How to shop smarter and spend less as grocery prices climb 03:49 The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after declining earlier this year. By the numbers The CPI was forecast to rise … Read more
McDonald’s is reviving fan favorites, spicing up its menu and emphasizing low-cost items to bring inflation-weary customers back to the Golden Arches. The world’s largest restaurant chain recently announced it was bringing back the popular Snack Wrap, which makes its return to McD’s outlets on July 10, along with a new, limited-time Spicy Egg McMuffin … Read more
Despite concerns earlier this year that President Trump’s tariffs would cause a renewed bout of inflation, the prices of goods and services across the U.S. have remained relatively stable. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 2.3% in May, modestly above the central bank’s 2% annual target. The May … Read more
The personal consumption expenditures price index, or the PCE, inched higher in May, the latest sign that inflation remains stubbornly above the Federal Reserve’s 2% annual target. Prices rose 2.3% in May compared with a year ago, up from just 2.1% in April, according to the PCE data. Excluding the volatile food and energy categories, … Read more
Leading stock market indexes opened in record territory, with investors buoyed by signs of progress on a U.S.-China trade deal. Shortly after the start of trade on Friday, the S&P 500 rose 14 points, or 0.2%, to 6,155 points, surpassing its previous all-time closing high in February of 6,144. The index also briefly edged above … Read more