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.
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The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Although grocery prices have continued to climb in 2025, a Thanksgiving dinner will cost 2% to 3% less this year, one analysis found.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
The U.S. economy picked up speed in the second half of the year, although job growth and inflation remain a concern, economists say.
Next week, the electric vehicle tax credit will end, and if you're looking to buy a new car, you might need to act quickly.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
McDonald's is reviving its long-lamented Snack Wrap and leaning into affordable eats as it looks to reverse a rare sales slump.
For millions of people around the U.S., financial stability amounts to a "rare luxury," Bankrate survey finds.
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Wholesale egg prices are falling, with stores saying they're now lowering prices and easing restrictions. But tariffs could be an issue.
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
Americans express concern about their ability to pay bills and save money.
The White House levied new import duties on its three closest trading partners.
President Trump campaigned on the promise to bring down the U.S. cost of living. That could be easier said than done.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
A mother and daughter were injured on Thursday in what authorities believe was a domestic stabbing in Pittsburgh.
Authorities on Thursday released the first physical description of a male suspect wanted in connection with the Arizona disappearance of Nancy Guthrie.
Cleaning up Pittsburgh's three rivers has been an ongoing process for decades.
A Labrador retriever in York County, Pennsylvania, was fatally shot in the mouth with a BB gun, authorities said.
The City of Greensburg is considering a new ordinance when it comes to snow removal and throwing snow back onto city streets.
A mother and daughter were injured on Thursday in what authorities believe was a domestic stabbing in Pittsburgh.
Authorities on Thursday released the first physical description of a male suspect wanted in connection with the Arizona disappearance of Nancy Guthrie.
Cleaning up Pittsburgh's three rivers has been an ongoing process for decades.
A Labrador retriever in York County, Pennsylvania, was fatally shot in the mouth with a BB gun, authorities said.
The City of Greensburg is considering a new ordinance when it comes to snow removal and throwing snow back onto city streets.
Pennsylvania schools are required to teach cursive handwriting under a new law.
A federal grand jury refused to indict six Democrats who drew President Trump's ire by taping a video telling members of the military that they must reject "illegal orders," three sources told CBS News.
Ghislaine Maxwell's lawyer said she would be willing to cooperate with a House panel's probe if President Trump grants her clemency, and would testify that he is "innocent of any wrongdoing."
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
Move over, Wawa, "there's a new player in town." Customers shed light on Pennsylvania's heated rivalry as Sheetz opened its first store in Montgomery County.
The rush for roses is on with Valentine's Day this weekend, and making sure you're getting the best deal is crucial.
More than 30 states have already enacted similar legislation.
The first electric and gas bills of the year can come with sticker shock, and this year, it might be worse than usual.
A woman and her husband are fighting for a $400 refund after they bought furniture from a Value City Furniture store.
Pittsburgh Magazine's Sean Collier is back like he is every Thursday to give us the best of the weekend's events in the city!
Yu-Ling Behr from Kidsburgh is back and while we may still be in winter's grasp, many summer camps are getting ready for the upcoming season, and she shares them with us!
Heather Abraham is at Sognatore salon and speaking with some stylists about getting that perfect do for Valentine's Day Weekend!
Professional Bull Riders are taking over PPG Paints Arena this weekend, and Heather and David are joined in the studio by one of those riders, Keshawn Whitehouse!
Back in 2024, the PTL audience helped us name the PTL Pup, and they went with Maz after Pirates legend Bill Mazeroski. Now, Maz is all grown up and heading to professional training!
It's been three months since the Woodland Hills School District put its superintendent on administrative leave.
Residents of Millvale are trying to get back to normal after last weekend's major snowstorm.
Tracing the past of Shane Hennen and how his troubled life in Pittsburgh pointed to his future downfall.
People in Avella, Washington County, say they have no phone coverage.
Residents and leaders in Charleroi are concerned about the integrity of roads after a trench collapse last year and ongoing construction.
With a measles outbreak in Pennsylvania, local health experts want to send a message to families.
Cracking down on the price of prescription drugs is a hefty task.
The advisory, issued on Saturday, affected thousands of customers in Allegheny and Washington counties.
Pennsylvania American Water said that a first round of testing came back negative and an update can be expected late Monday morning.
Doctors said the drugs can help people lose unwanted pounds while retaining muscle.
Sidney Crosby, Erik Karlsson, and Rickard Rakell all recorded points as their teams opened the competition with victories.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
With a 5-0 shutout win against Canada on Tuesday, the United States earned the top seed in the quarterfinals.
Pittsburgh Pirates general manager Ben Cherington says the team "will never shut the door" on potentially finding a role for Andrew McCutchen, a longtime cornerstone of the franchise.
Three Rivers Stadium was demolished on this date in 2001 to make way for Acrisure Stadium and PNC Park.
Move over, Wawa, "there's a new player in town." Customers shed light on Pennsylvania's heated rivalry as Sheetz opened its first store in Montgomery County.
More than 140 employees at Nemacolin were informed they were being let go.
It's been about six years since the pandemic, and a lot of people working from home, but now companies are slowly calling them back to the office.
Pittsburgh Mayor Corey O'Connor on Tuesday announced a new initiative aimed at revitalizing neighborhood business districts across the city.
A handful of Pittsburgh-area Value City Furniture stores are going out of business after their parent company filed for bankruptcy.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The Pennsylvania Film Office has awarded $34 million for production on Season 3 of "Tires" and the fifth and final season of "Mayor of Kingstown."
Filming in Pittsburgh for the fifth and final season of "Mayor of Kingstown" is set to begin on March 9.
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
KDKA-TV's Rich Walsh and 93.7 The Fan's Chris Mueller discuss the sports topics of the day.
A 6-year-old girl from Pittsburgh has sold 80,000 boxes of Girl Scout cookies.
A mother and daughter were injured on Thursday in what authorities believe was a domestic stabbing in Pittsburgh.
Stay on top of local weather with First Alert Meteorologist Ray Petelin's forecast!
Stay on top of local weather with First Alert Meteorologist Ray Petelin's forecast!
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
