With inflation rising again, savers should strongly reconsider their CD account options. Andriy Onufriyenko/Getty Images News on Friday morning showing inflation surging in March may not have been totally unexpected, but it was still an unwelcome development for millions of Americans. For borrowers, in particular, already contending with elevated interest rates on a variety of … Read more
The Consumer Price Index in March rose 3.3% compared to a year ago, the highest in nearly two years. CBS News’ Kelly O’Grady explains what’s causing the surge in inflation. Source link
Rising inflation doesn’t automatically make gold investing the right move, but it does make it even more appealing. DBenitostock/Getty Images Americans were already feeling squeezed by rising prices, and now they have fresh data to confirm it. After months of relative stability, consumer prices are climbing at their quickest annual pace in nearly two years, … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Inflation rose by 0.9% month over month and 3.3% year over year in March 03:17 UP NEXT Humanoid robots take over manual job at auto parts plant 04:47 Stock market rebounds, oil prices drop following ceasefire 02:10 War … Read more
A global energy shock triggered by the Iran war sent U.S. inflation soaring in March, with the Consumer Price Index rising at a 3.3% annual rate. By the numbers Economists had predicted inflation would jump nearly an entire percentage point from 2.4% in February to 3.3% in March on an annual basis, according to the average … Read more
The U.S. is about to get an initial glimpse into how the economy has begun absorbing the war with Iran. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The Bureau of Labor Statistics will release March’s Consumer Price Index report Friday, detailing last month’s inflation. Wall Street analysts … Read more
WASHINGTON — Soaring gas prices are expected to produce a spike in inflation when the government reports consumer prices for March on Friday, likely unnerving the inflation fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House. Inflation probably rose to 3.4% in March compared with a year … Read more
Property taxes across the U.S. are rising faster than inflation, with the average homeowner last year paying $4,427, up 3.7% from 2024, according to a new analysis from real estate data firm ATTOM. By comparison, the Consumer Price Index — a basket of commonly purchased goods and services — rose 2.7% last year. Homeowners in some states have … Read more
The war on inflation could be in for a major setback due to the Iran war. The Consumer Price Index this week is expected to show March prices rose at a 3.3% annual pace, the average of six separate forecasts reviewed by CBS News. That would mark the highest inflation rate since May 2024 and … Read more
Federal Reserve Bank of Chicago President Austan Goolsbee thinks that the Iran war risks fueling inflation, which would make it harder for the central bank to ease interest rates in 2026. Goolsbee — who emphasized he was speaking for himself and not for the Federal Reserve as a whole — told CBS News that, before … Read more