Inflation accelerated in September, with consumer prices growing 5.4%
CBSN
Inflation accelerated in September, with consumer price pressures across America showing no sign of easing ahead of the all-important holiday shopping season.
Consumer prices increased 5.4% from the year-ago period, slightly faster than their 5.3% increase the previous month. Core inflation — which strips out volatile food and energy costs — grew 4.0%, the same as in August.
The price index rose for new vehicles, car insurance and home furnishings, while slowing for airline fares, apparel and used cars and trucks.
President-elect Donald Trump has chosen Republican Rep. Lori Chavez-DeRemer as his nominee to lead the Labor Department.
President-elect Donald Trump on Friday announced hedge fund billionaire Scott Bessent as his pick for U.S. Treasury secretary, choosing a former executive with Soros Fund Management who in recent years has been a vocal supporter of the former president's policies, from tariffs to spending cuts.
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Americans planning to do some holiday baking this year may have to scramble to track down a key ingredient.
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For the last seven years, Brazilian soccer legend Marta dreamed of playing in a National Women's Soccer League championship game.
Former Rep. Matt Gaetz of Florida says he doesn't intend to return to Congress in January, after resigning from his seat and withdrawing from consideration as U.S. attorney general.
The United States on Friday announced sanctions against a former Colombian general it said was involved in extrajudicial killings of civilians falsely reported as combat deaths.
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