Scott Horsley
Stories
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Business
Lower gas prices helped inflation cool in June
Inflation fell in June, as a drop in gasoline prices more than offset the modest monthly rise in rent. This could help clear the way for the Federal Reserve to cut interest rates in September.
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Business
Many Americans are still experiencing sticker shock at the supermarket
Grocery prices have stabilized over the last year, but many shoppers are still smarting over double-digit price increases from two years ago. Low-income families are often hardest hit.
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Business
Lawmakers on Capitol Hill are expected to ask the Fed chair about interest rates
Federal Reserve Chairman Jerome Powell visits Capitol Hill on Wednesday to take questions on the economy and interest rates.
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Business
Fed Chair tells Congress lowering interest rates poses "two-sided risks"
Federal Reserve chairman Jerome Powell testified before a Senate committee today. As inflation cools, the central bank is weighing when it's safe to start cutting interest rates.
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Business
U.S. employers added 206,000 in June — a slowdown, but more than forecasters expected
U.S. employers added 206,000 jobs in June — a modest slowdown from the previous month. The unemployment rate inched up to 4.1%.
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Business
One of the hot button issues in the presidential debate will be the economy
On this day before the presidential candidates debate, we have some debate prep for voters. Tuesday's briefing was on immigration -- and now the issue is the economy.
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Business
Inflation has driven expenses up for charity groups — while driving donations down
Charitable giving picked up last year after falling in 2022. But inflation is chipping away at the value of gifts, putting a squeeze on donors and non-profits alike.
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Business
A check on inflation and whether interest rates could be lowered
The Labor Department reports Wednesday on what happened with inflation last month. Later, the Federal Reserve will provide an updated forecast of where interest rates are going.
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Business
Double-digit price increases have people shopping for less expensive insurance
When it comes to insurance, people generally don't shop around very much -- they tend to stick with the carrier they already have. But with double-digit premium increases, that's starting to change.
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Business
The price of some goods and services is still bringing Americans down
Gas prices are falling and employers are hiring but some good and services remain stubbornly expensive, resulting in mixed consumer sentiment.