Inflation rate rose at a 2.8% annual rate in February, CPI report shows. Here's what that means.
CBSN
Inflation rose 2.8% on an annual basis, slightly lower than economists had forecast but continuing to signal that price hikes remain elevated despite the Federal Reserve's efforts to tame inflation to a 2% annual rate.
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.
They run businesses. They tend bars. They pay taxes. While they are in the U.S. illegally, they are largely spared the scrutiny of that label. But still they live in fear. They are the thousands of undocumented Irish immigrants in America today.
The heads of U.S. and Russian spy agencies have have spoken by phone and agreed to keep up regular contacts to lower the temperature in U.S.-Russia relations, news reports said Wednesday.
NASA's newest space telescope rocketed toward orbit Tuesday to map the entire sky like never before — a sweeping look at hundreds of millions of galaxies and their shared cosmic glow since the beginning of time.
Tucked beneath snow-capped mountains in Montana, the Missoula Fire Sciences Laboratory is unlike any other lab in the country. It's where scientists are starting fires to better understand how they burn — and how to manage them.
BATON ROUGE, La. — A federal judge has halted Louisiana's first death row execution using nitrogen gas, which was scheduled to take place next week.
Aging 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind.
Washington — A pair of federal judges warned Tuesday of continued threats against members of the judiciary amid criticism leveled by Elon Musk and threats of impeachment by Republicans in Congress. They warned such attacks strike at judicial independence.
Police in Louisiana have arrested two more people who were allegedly involved in the off-campus, fraternity hazing death of 20-year-old Southern University student Caleb Wilson last month, bringing the total arrests to three.
Andy Hazelton learned he'd been fired the same way everyone else did. Like hundreds of his colleagues at the National Oceanic and Atmospheric Administration, or NOAA, he received a mass email from the head of the agency at around 3:45 p.m. on Feb. 27 confirming his termination, effective immediately.
Washington — Staff at the Department of Education received a notice Tuesday instructing them to leave the building by 6 p.m. local time and informing them that all department offices in Washington, D.C., as well as regional offices, will be closed Wednesday, according to an email obtained by CBS News.
The U.S. Department of Agriculture is cutting two federal programs that provided about $1 billion in funding to schools and food banks to buy food directly from local farms, ranchers and producers, part of what the agency said was a decision to "return to long-term, fiscally responsible initiatives."
Jeddah, Saudi Arabia — Ukraine said it would accept a 30-day ceasefire with Russia after talks with the U.S. in Saudi Arabia aimed at ending the fighting on Tuesday, according to a statement issued by the U.S. and Ukraine.
The National Transportation Safety Board is expected to give an update on the midair collision over Washington, D.C. that killed dozens of people in January.