Latest in Inflation Still Plagues Restaurants, Services, and Housing, Even as National Rate Declines
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Inflation Still Plagues Restaurants, Services, and Housing, Even as National Rate Declines
The personal consumption expenditures index, which tracks spending on many everyday household needs, shows stubbornly high prices, even as the Fed’s overall rate edges back to its 2 percent target.Business - Inc. - November 7 -
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Evening Report — Legacy media grapples with declining influence
Plus: Washington braces for Trump takeover {beacon} Evening Report © Dylan Buell, Getty Images file Traditional news media grapples with declining influence Legacy news outlets are grappling ...Politics - The Hill - November 8 -
N.Y.C. Housing Voucher Program Is ‘Plagued With Problems,’ Audit Says
Thomas DiNapoli, the New York State comptroller, found that management lapses had caused delays for people who needed permanent housing.Top stories - The New York Times - October 31 -
What to know about the inflation report.
A fresh Consumer Price Index report could show that inflation, much cooler than in 2022 and 2023, is not fully stamped out.Top stories - The New York Times - November 13 -
These House seats are still undecided
CBS News characterizes control of the House as lean Republican, with a handful of seats still undecided.Top stories - CBS News - November 12 -
Biodiversity declining even faster in ‘protected’ areas, scientists warn Cop16
Just designating key areas will not meet 30x30 target on nature loss, study says, pointing to oil drilling in parks. Biodiversity is declining more quickly within key protected areas than outside ...World - The Guardian - October 24 -
National Care Service plan 'delayed not scrapped'
The flagship scheme would transfer responsibility for social care from Scottish councils to a new national body.Top stories - BBC News - November 14 -
Investors are bracing for higher-for-even-longer interest rates
Friday’s stronger-than-expected economic data, combined with fresh remarks from Federal Reserve Chairman Jerome Powell on Thursday, were adding up to a shift in market participants’ thinking about ...Business - MarketWatch - 5 days ago -
Eurozone economic activity still in decline, PMI survey shows
Bloc ‘stuck in a rut’ as growing services sector cannot offset continued weakness in manufacturingBusiness - Financial Times - October 24 -
Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation
Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing higher-than-forecast consumer price increases.Business - CNBC - October 25 -
Morgan Stanley CEO says the era of zero interest rates and inflation 'is over'
Several of Wall Street's chief executives don't see more than one more interest rate cut by the Fed this year, citing expectations of continued inflation.Business - CNBC - October 29 -
Morgan Stanley CEO says the era of zero interest rates and inflation 'is over'
RIYADH — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at a panel of finance CEOs in Riyadh.Top stories - NBC News - October 29 -
Key inflation rate hits 2.1% in September, as expected, closing in on Fed target
The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.Business - CNBC - October 31 -
A key inflation measure drops to 2.1%. Here's the interest rate impact.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.Top stories - CBS News - October 31 -
Key inflation rate hits 2.1% in September, as expected, closing in on Fed target
Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday.Top stories - NBC News - October 31 -
Bank of England Cuts Interest Rates, but Signals Stickier Inflation
The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.Top stories - The New York Times - November 7 -
Annual inflation rate hit 2.6% in October, meeting expectations
The consumer price index was expected to increase 0.2% in October and show a 2.6% 12-month rate.Business - CNBC - November 13 -
Inflation's up again. Here's what it could mean for mortgage interest rates.
Inflation ticked back up to 2.6% in October. Here's what that rise could mean for mortgage rates.Top stories - CBS News - November 13 -
Inflation rises 2.6% in October after Fed starts interest rate cuts
U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch ...Top stories - CBS News - November 13 -
Will credit card interest rates increase now that inflation is climbing?
Inflation ticked back up again in October, which could impact your credit card interest rates. Here's how.Top stories - CBS News - November 13 -
Inflation rises slightly as economy reacts to interest rate cuts
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.Top stories - CBS News - November 13 -
U.S. Inflation Ticks Up to 2.6% in October, as Fed Considers Rate Cut
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.Business - The New York Times - November 13 -
What does the inflation rate increase mean for American consumers?
The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on ...Top stories - CBS News - November 13 -
Fed Expected to Cut Rates Carefully Amid Inflation Pressures
Inflation is nearing the Fed’s 2 percent goal, but rate cuts will be cautious.Business - Inc. - November 14 -
Ford to cut 4,000 jobs in Europe
Headcount reduction comes as industry faces pressure over EV switch and competition from ChinaBusiness - Financial Times - Yesterday -
Inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects youWorld - Financial Times - Yesterday -
Melania Trump Declines Jill Biden’s White House Invitation
Mrs. Trump declined the invitation for the traditional meeting between the current and future presidential spouses.Top stories - The New York Times - November 13 -
Inflation is down — but the middle class is still feeling financial pressure. Here's why
Economists say there's a strong role for policy in affecting the prices of essential goods for American families.Business - CNBC - October 29 -
Inflation is cooling, yet many Americans are still living paycheck to paycheck
The rate of inflation has come down from pandemic era highs. But many Americans are still waiting to feel financial relief.Business - CNBC - October 30 -
Inflation Is Basically Back to Normal. Why Do Voters Still Feel Blah?
Consumers still give the economy poor marks, though the job market is strong and price increases have faded for months.Business - The New York Times - October 31 -
US inflation is down. Could it still be Kamala Harris’s downfall?
American voters’ discontent with high living costs may decide who wins the White House next weekWorld - Financial Times - October 31 -
Inflation is cooling, but these 5 things are still getting more expensive
Inflation is far from its peak of 9.1% we saw two years ago, but prices are still creeping up.Politics - The Hill - November 13 -
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Workers at Canada's national postal service go on strike Friday, disrupting deliveries
Workers at Canada’s national postal service are on strike after failing to reach a negotiated agreement with Canada PostWorld - ABC News - 6 days ago -
Tornado hits southwestern Oklahoma, National Weather Service says
The storm was near Granite, a town with a population of about 1,600, at about 3:37 a.m. CST, the service said.Top stories - ABC News - 3 days ago