Some economists think U.S. inflation is likely to rise in 2025
CBSN
The Trump administration's barrage of tariffs on key U.S. trading partners and ongoing crackdown on immigration is likely to result in higher prices for American consumers and businesses, according to Wall Street analysts.
Economists with Morgan Stanley Research said in a report on Friday that they expect inflation in 2025 to rise 2.5%, up from their previous forecast in December of 2.3%. Another key gauge that strips out volatile food and energy costs is now projected to reach 2.7%, up from 2.5% in the bank's earlier forecast.
"We now see higher inflation in 2025 with a more pronounced and sooner re-acceleration in goods prices," the analysts wrote.
I've now watched through glass and bars as 11 men were put to death at a South Carolina prison. None of the previous 10 prepared me for watching the firing squad death of Brad Sigmon on Friday night.
Two men were arrested in connection with the theft and ransom of two dogs in Switzerland, police said Saturday.
Hannah Thompson, 17, was on the run, heading out of Simpsonville, South Carolina with her boyfriend, U.S. Army soldier John Blauvelt. On Oct. 26, 2016, Cati Blauvelt, his wife of just a few months, had been found stabbed to death, her body left in a concrete box in an abandoned farmhouse. The knife blade broken off and left in her neck.
Beth Ann Malow is a professor of neurology and pediatrics at Vanderbilt University.
State Department staff were taken aback this week by a department directive instructing embassies and consulates to stop publishing air quality monitoring data.
The Social Security Administration (SSA) said it is reinstating a plan to recover 100% of overpayments to beneficiaries, a policy the agency had abandoned last year after an outcry over cases in which the practice led some Americans to receive shock bills amounting to thousands of dollars.
Federal Reserve Chair Jerome Powell said Friday that the central bank can remain patient in adjusting its benchmark interest rate, citing uncertainty around potential impact of President Trump's economic policies.
The son of a Mexican drug cartel boss was sentenced to life in a U.S. prison for his leadership role in one of the country's largest and most violent narcotics trafficking organizations.
The Department of Homeland Security said Friday it is ending the collective bargaining agreement with the union representing thousands of frontline workers with the Transportation Security Administration, a decision the TSA union called an "unprovoked attack."
An arrest has been made in connection with the death of a 20-year-old Southern University student after an off-campus fraternity hazing ritual, Baton Rouge authorities announced Friday.
The Trump administration's barrage of tariffs on key U.S. trading partners and ongoing crackdown on immigration is likely to result in higher prices for American consumers and businesses, according to Wall Street analysts.
A South Carolina man is facing execution by firing squad Friday — the first execution of its kind in the U.S. since 2010 and just the fourth firing squad execution since the death penalty resumed in the country 49 years ago.
It was just a few months ago that Australia's beloved Pesto the Penguin went viral for weighing nearly 50 pounds at just 9 months old. Now, the U.S. has its own baby penguin that some are saying is "the new Pesto" with its massive size at such a young age.