The U.S. needs more homes, but builders may be slowing construction
The U.S. has a home shortage, but builders may be slowing instead of increasing construction because of worries that the homes won't be sold.
inflation
The Fed delivers biggest interest rate hike in decades to combat surging inflation
The Federal Reserve raised interest rates by three-quarters of a percentage point Wednesday in an effort to combat stubbornly high inflation. It's the biggest rate increase in 28 years.
Biden is under pressure on gas prices. So he's putting pressure on oil companies
President Biden says he wants the biggest refiners to do more to increase gasoline supply and lower prices. He says he's ready to use emergency powers to boost capacity — but he didn't give details.
Inflation soars to an over 40-year high. These are the ways Americans are coping
Consumers are watching their pennies at the gas station and grocery store as consumer prices surged 8.6% in May, pushing the annual inflation rate to its highest in over 40 years.
Inflation is raising prices on almost everything, except rotisserie chicken
While chicken prices nationwide have increased, retailers such as Costco and BJ's are still selling rotisserie chickens for under $5. That's part of a broader strategy.
Treasury Secretary Janet Yellen says she was wrong about the risks of inflation
Treasury Secretary Janet Yellen tells CNN she was wrong about the trajectory of inflation during interviews a year ago.
The astronomical price of diesel is making everything more expensive
America runs on diesel. It keeps freight moving, factories humming and farmers planting. But a surge in diesel prices is making everything more expensive.
Fed Chair Jerome Powell is confirmed for a 2nd term. Inflation will be his focus
Jerome Powell was confirmed to a second term as Federal Reserve chairman. The Senate vote comes as the central bank faces intense pressure to bring down inflation.
Inflation may be easing — but low-income people are still paying the steepest prices
The annual inflation rate eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.
Biden names combating inflation and rising costs as his top domestic priority
In an address from the White House Tuesday, President Biden contrasted his administration's plans to tackle rising costs with what he called Republicans' "ultra-MAGA" plan.