Inflation rate picked up in January, CPI report shows. Here's what it means for your money.
CBSN
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily.
The Consumer Price Index was forecast to rise 2.9% last month, according to economists polled by financial-data firm FactSet. The CPI, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.
A Russian cybercriminal and crypto fraudster will be sent back to Moscow as part of a prisoner swap that on Tuesday brought American Marc Fogel home after more than three years in Russian custody.
Washington — At least one U.S. citizen who was being detained in Belarus was released Wednesday, the United States' top hostage negotiator said.
Washington — The Senate voted to advance Robert F. Kennedy Jr.'s nomination to lead the Department of Health and Human Services on Wednesday, teeing up a final vote on his confirmation later this week.
Washington — President Trump said Wednesday that he spoke with Russian President Vladimir Putin and directed members of his national security team to "immediately" begin negotiations aimed at ending Russia's war with Ukraine.
Washington — While the Trump administration has highlighted transfers of dangerous criminals and suspected gang members to Guantanamo Bay, it is also sending nonviolent, "low-risk" migrant detainees who lack serious criminal records or any at all, according to two U.S. officials and internal government documents.
Mariah Carey, Chubby Checker, Cyndi Lauper, OutKast and Phish are some the 2025 nominees for induction into the Rock & Roll Hall of Fame, a list that also includes two sets of musical brothers who have had public feuds and recent reunions — the Black Crowes and Oasis.
New York — PBS says it is shutting down its office of diversity, equity and inclusion to comply with President Trump's executive order and firing the two executives brought on when the effort was begun in 2021.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily.
The 149th Westminster Kennel Club dog show put about 2,500 dogs of all sizes to the test and Monty the giant schnauzer came out on top Tuesday night, winning the prestigious Best in Show title at Madison Square Garden in New York City.
Scrim, a runaway white Terrier who has captivated the attention of many in New Orleans after pulling off two escapes last year has been rescued for a third time, a local animal group announced Tuesday.
For the first time since the beginning of the pandemic, more people in the U.S. died of influenza than from COVID-19 in the week ending on Jan. 25, according to weekly figures published by the Centers for Disease Control and Prevention.
The Associated Press pushed back against the Trump administration on Tuesday after one of its reporters was blocked from an event over the news organization's guidance on its continued use of the "Gulf of Mexico" in its coverage, calling the move a violation of the First Amendment.
Washington — Standing beside President Trump in the Oval Office on Tuesday, Elon Musk defended the Department of Government Efficiency's efforts to drastically cut spending and dismiss workers across the federal government, insisting that Americans voted for major change and the Trump administration is delivering.