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In a boost for consumers, U.S. inflation is cooling fast
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
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The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
Key report on consumer prices comes ahead of interest-rate decision by the Federal Reserve in the afternoon.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Upticks signal a longer wait for rate cuts as the Federal Reserve's war against inflation isn't won just yet.
Despite uptick in prices, Wall Street analysts still expect inflation to continue easing over the coming months.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
Cookout costs will vary, but Americans hitting the road are about to save $2.6 billion on gas this holiday weekend over last year.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Inflation is at an all-time high just in time for the holidays.
The debate over who and when to tip is back in the spotlight and reigniting discussion on when to include gratuity, thanks to popular technology.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
Back-to-school spending in total is expected to match the record high set in 2021: $37 billion.
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
The economists, who serve together as the Business Cycle Dating Committee, are hand-selected by and work under the umbrella of the National Bureau of Economic Research (NBER), a private nonprofit organization.
With Maryland's July primary election just a few weeks out, three Democratic candidates for the state's highest elected office are running neck and neck, according to the results of a new poll.
Researchers say Black families will suffer the worst effects of rising inflation because they lag behind their White counterparts in income, wealth, financial savings and home ownership.
Top Biden administration officials will be dispatched across the country this week to reassure Americans that combating inflation remains a top priority for the White House as prices soar and economic concerns mount, a White House official tells CNN.
High prices at gas stations may be pushing people toward gas rewards programs.
Some pet owners are struggling to keep up with costs as high inflation is hitting their wallets hard, and some of them are having to give up their pets.
Consumers don't receive the full benefit of gas tax holidays, according to a recent analysis by the nonpartisan Penn Wharton Budget Model, which looked at suspensions in three states through mid-May.
United Way of Central Maryland says their helpline call volume is up as more and more families struggle to afford everyday needs.
If you've been working from home and returning to the office, you'll notice the cost of your favorite lunch items going up while some companies are quietly shrinking the sizes of your favorite food products.
Police are investigating a shooting that injured 3 people in North Baltimore on Saturday morning.
Saturday is looking mild with temperatures a bit below average and pop up showers possible.
BWI Marshall Airport experienced a nightmare travel day for thousands of people on Friday due to a global tech outage.
Police ask for the public's help in the search of a shooting suspect that killed 12-year-old girl in Southeast Baltimore Friday evening, according to Baltimore City Police.
The Civil Rights Division of the Office of the Attorney General has filed its first lawsuit against Eric Sessoms and Mt. Vernon Group LLC, alleging gender-based discrimination in housing.
Police ask for the public's help in the search of a shooting suspect that killed 12-year-old girl in Southeast Baltimore Friday evening, according to Baltimore City Police.
Saturday is looking mild with temperatures a bit below average and pop up showers possible.
The Maryland Department of Emergency Management increased the State Activation Level from Normal to Partial on Friday morning in response to a Microsoft outage that has paralyzed systems worldwide.
A software update caused travel challenges at BWI Marshall Airport on Friday, impacting airlines globally.
Airports, courthouses, banks, and hospitals felt the impact of a Microsoft software outage linked to the cybersecurity company CrowdStrike.
The Maryland Judiciary closed all courts to the public Friday, except for emergencies, due to a Microsoft outage that has crippled systems worldwide. The outage has also impacted other systems across the state.
The Maryland Department of Emergency Management increased the State Activation Level from Normal to Partial on Friday morning in response to a Microsoft outage that has paralyzed systems worldwide.
A Maryland board approved $148.3 million in state spending reductions on Wednesday to balance the budget while directing more money to pay for child care and Medicaid — two priorities that Democratic Gov. Wes Moore's administration hopes will help improve a stagnant state economy.
The mother of a Baltimore man who died in police custody after being sedated by medics wants to know whether the actions of first responders caused his death.
A pilot died when a small environmental research plane crashed Tuesday morning in a river on Maryland's Eastern Shore.
The original Maryland Dairy building opened in 1924 as a lab and salesroom for ice cream, butter and cheese.
On this week's Food Truck Friday, we are featuring 2 Bold Chefs, a Mediterranean food truck with a twist.
Baltimore Summer Restaurant Week, presented by Downtown Partnership of Baltimore and Visit Baltimore, returns for its nineteenth year Friday, July 19 through July 28, 2024.
Grammy and Golden Globe nominated artist Frank Stallone is the headlining act for the Galbani Maryland Italian Festival, and WJZ is a proud media sponsor for the event.
The outdoor event is a lux garden party on the Waterfront, featuring performances by Grammy-award artists Robert Glasper and Yebba.
The 2025 Major League Baseball schedules were released on Thursday. Each team will play every other team in baseball for at least one series.
The Baltimore Orioles had all five players get on the field for the American League in Tuesday's Major League All-Star Game in Arlington, Texas.
Corbin Burnes planned to break away from his newborn twin daughters and show up at the All-Star Game regardless of whether he was the starting pitcher for the American League.
The University of Maryland, Baltimore County has named Tiffany Tucker as its new athletics director.
Baltimore Orioles star shortstop Gunnar Henderson didn't have the Home Run Derby debut he was expecting.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Republicans from across the country are returning Tuesday to Milwaukee's Fiserv Forum for Day 2 of the Republican National Convention.
"The political rhetoric in this country has gotten very heated. It's time to cool it down. We all have a responsibility to do that," President Biden said.
U.S. District Judge Aileen Cannon granted Trump's bid to dismiss the indictment.
The four-day event kicks off on Monday, two days after former President Donald Trump survived an assassination attempt.
Morgan State University's Magnificent Marching Machine will appear on the world stage Friday, performing in Normandy, France on the 80th Anniversary and Commemoration of D-Day.
The theme of the race is "Monuments and Masterpieces." As usual, some parking restrictions and lane closures will be in place Saturday to accommodate the whacky race.
When it comes to vintage style, art and innovation—Baltimore is home to it all.
The University of Maryland Medical Center was granted the American Nurses Credentialing Center's (ANCC) Magnet for the fourth time in a row.
Magali Uroza comes from a Mexican immigrant family and remembers the challenges of learning English while growing up in Baltimore.
The Maryland Department of Emergency Management increased the State Activation Level from Normal to Partial on Friday morning in response to a Microsoft outage that has paralyzed systems worldwide.
Neighbors in one west Baltimore neighborhood are figuring out what to do for groceries, due to the Giant Food location in Edmondson Village closing next month.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
The U.S. Drug Enforcement Administration is asking to move marijuana to Schedule III, alongside ketamine and some anabolic steroids
The Maryland Food Bank is on pace to distribute more than 52 million pounds of food, which is a 20 percent jump in comparison to pre-COVID times.
The Baltimore Tech Hub, one of 31 federal "Tech Hubs" designated last year, was skipped for a cut of $504 million in the first round of funding for the program.
Primanti Bros. on Tuesday announced plans to expand to the Baltimore region this spring.
CVS is closing dozens of pharmacies inside Target stores in 2024 as the store and other retail pharmacy chains face increasing difficulties.
The wildly popular chicken finger joint opened its doors Tuesday at the Snowden River Shopping Center.
The council passed the "Bring Your Own Bag Act" with a bipartisan vote in February.
The Maryland Judiciary closed all courts to the public Friday, except for emergencies, due to a Microsoft outage that has crippled systems worldwide. The outage has also impacted other systems across the state.
Can you recover from 'sleep debt' and "make it up" later? Cardiologist Dr. Carlos Ince from Mercy Medical Center weighs in.
Students from families earning less than $300,000 won't have to pay any tuition to attend medical school.
Wellness drinks are now filling grocery store aisles. As popular as drinks like kombucha and prebiotic sodas are, do they actually help you?
One product contained 16 different metals, with researchers calling for rules requiring manufacturers to test tampons.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
Richard Simmons devoted his life to making people sweat with his "Sweatin' to the Oldies" workout videos.
A female chimp was born last month at the Maryland Zoo in Baltimore, the zoo said Tuesday, and the public will be able to name it.
Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.
It's the dawn of a new era at the Nathan's Famous Hot Dog Eating Contest. Patrick Bertoletti is the new men's champion, and Miki Sudo set a new record and retained the women's division title.
Meteorologist Ashton Alteri has your Friday evening forecast.
Rain returns for your Saturday forecast, after a beautiful Friday in the upper 80s.
Friday will be a phenomenal weather day with mostly sunny conditions and low humidity. The best weather day that we've seen in weeks! With plenty of sunshine and low humidity Friday will be a fabulous outdoor day across the entire state of Maryland.
Fabulous Friday in Maryland ahead of warm and muggy weekend
Fabulous Maryland Friday ahead of muggy weekend
First Alert Meteorologist Abigail Degler has your Saturday forecast | July 20, 2024
Your Saturday morning news round up | July 20, 2024
A 12-year-old girl was shot and killed inside a home in the 500 block of North Kenwood Avenue, according to Baltimore City Police.
Meteorologist Ashton Alteri has your Friday evening forecast.
BWI Marshall Airport experienced a nightmare travel day for thousands of people on Friday due to a global tech outage.