Iowa farmer has a waiting list for eggs amid shortage: “It’s been pretty intense” – CBS News Watch CBS News The Labor Department says inflation ticked up to 3% last month compared to a year ago. The increase was largely driven by the rising costs of rent, gasoline and groceries — especially eggs, which are…
WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions. “People can be confident that we’ll continue to keep our heads down, do our work, and make our decisions based on what’s happening in the economy,” Powell…
Bird flu and inflation could continue to drive up the cost of eggs, experts say Bird flu and inflation could continue to drive up the cost of eggs, experts say 02:26 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…
Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues to affect the egg industry on Feb. 10, 2025 in New York City. Spencer Platt | Getty Images The January consumer price index report is likely to tell a familiar story: another…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you find your favorite podcasts. If there is shock coming to markets, it could arrive this summer. And it could be in the form of a rate hike from the Federal Reserve. Apollo Global Management chief economist Torsten Slok says the US…
French fry plant closure leaves small Washington town struggling – CBS News Watch CBS News Inflation has come way down since June of 2022, when it hit 9.1%. But prices remain high, and that can have a big impact on a small town that depends on a single major employer. Jonathan Vigliotti reports from Connell,…
President Trump is again turning to tariffs to advance his trade agenda, with plans to enact a new round of 25% import duties on all steel and aluminum imports. Although the idea is to protect U.S. manufacturers from unfair competition, consumers could end up paying more for some products that use the metals, according to…
NEW YORK — U.S. stocks slumped Friday as worries flared again on Wall Street about tariffs and inflation. The Standard & Poor’s 500 fell 0.9% and erased what had been a modest gain for the week. It’s one of the worse drops for the index so far this year, but it remains near its record set two…
By Lewis Krauskopf, Saqib Iqbal Ahmed NEW YORK (Reuters) -A fresh look at the pace of inflation will test the U.S. stock market in the coming week, as investors worry that President Donald Trump’s tariff plans are endangering Wall Street’s hopes for interest rate cuts this year. The benchmark S&P 500 remained about 1% below…
For Hong Kong guide dog trainer Margaret To*, an online mothers’ support group has provided a way to cope with rising prices. Browsing regularly through the Lakesilver Moms chat group, she has found baby clothes, toys, shoes, furniture, home appliances and even a picnic cart. Most were second-hand, some practically new. “They were all free….