When is the Federal Reserve going to start cutting rates?
The Fed decided not to change rates this week, but announced three cuts that are expected later this year. CBS News Business Analyst Jill Schlesinger is here to help explain.
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The Fed decided not to change rates this week, but announced three cuts that are expected later this year. CBS News Business Analyst Jill Schlesinger is here to help explain.
Fed Chair Jerome Powell announced Wednesday the federal funds rate will stay in the 5.25% to 5.5% range. What does that mean for the economy and borrowers?
CBS News Business Analyst Jill Schlesinger walks us through the results and explains why the Federal Reserve prefers this report, when it comes to inflation.
The average American carries an estimated $6,000 in debt, but Rachel Lauren, founder of Debbie app, says there are ways to dig out.
A decision on interest rates could be announced today as the Fed wraps up its first meeting of the new year.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
The Federal Reserve has decided to leave interest rates unchanged for now, but there's potential relief for borrowers -- rate cuts could come in the new year. CBS New York's Dick Brennan has more on Wednesday's announcement. Read more: https://cbsloc.al/48cKhnO
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
We ask CBS News Business Analyst Jill Schlesinger to break it all down for us.
We hear from CBS News Business Analyst Jill Schlesinger for a look at where the economy stands.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
The Federal Reserve will announce Wednesday whether interest rates are going up again. We hear from CBS News Business Analyst Jill Schlesinger for what to expect.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
If Congress doesn't act, financial experts warn interest rates could go up on loans and mortgages, and the stock market could be in for another bumpy ride.
A slight decrease is expected, but it will still be a long way from the feds goal of 2%. CBS2's John Dias has the details.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
The economy shrank again in the second quarter, fueling debate about whether or not the country is in a recession. CBS News reports.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The construction of a bike lane along 31st Street in Astoria, Queens, has had local businesses and cyclists at odds for months.
New York beat the Tampa Bay Lightning 2-0 on Saturday night.
The Boston Bruins beat New Jersey 4-1 on Saturday night, sending the Devils to their season-high fifth straight loss.
The Brooklyn Nets beat the New Orleans Pelicans 119-101 on Saturday.
A 68-year-old father of five was struck by moped driver and killed in Queens on Friday, leaving his family heartbroken right before the holidays.
The construction of a bike lane along 31st Street in Astoria, Queens, has had local businesses and cyclists at odds for months.
A 68-year-old father of five was struck by moped driver and killed in Queens on Friday, leaving his family heartbroken right before the holidays.
New York has no plans to change hepatitis B vaccine guidance after a Centers for Disease Control advisory panel voted to stop recommending a first dose for newborns.
The 2026 FIFA Men's World Cup schedule has been released, including the slate of matches coming to MetLife Stadium in New Jersey.
The iconic Wythe Diner was physically moved Saturday from its location in Williamsburg to Steiner Studios in Brooklyn's Navy Yard.
If you're heading out, brace yourself — it's the coldest day of the season so far.
CBS News New York has learned Jed Parkington, who died by suicide during a standoff with law enforcement on Tuesday, was fascinated with Nazi Germany.
"Driven Into Debt," CBS News New York's latest investigative series, has uncovered a simple truth -- unpaid tolls can quietly spiral into crushing debt.
First Alert Weather Days have been declared in the NYC area as the arctic chill could bring record low temperatures.
A decomposed body and pipe bombs were found inside a Stamford, Connecticut, home after a shootout between the homeowner and police officers Tuesday, officials say.
The 2026 FIFA Men's World Cup schedule has been released, including the slate of matches coming to MetLife Stadium in New Jersey.
An apartment building fire in Jersey City, New Jersey, displaced about 30 people Friday, sending them out into frigid temperatures.
A judge ruled Menendez, the former U.S. Senator, is no longer eligible for public employment after a bribery conviction.
If you're heading out, brace yourself — it's the coldest day of the season so far.
"Driven Into Debt," CBS News New York's latest investigative series, has uncovered a simple truth -- unpaid tolls can quietly spiral into crushing debt.
A man is now in custody in Florida in connection to the 1997 murder of Tanya Denise Jackson on Long Island.
Nassau County Police charged Vito D'Ambrosio, of Seaford, with murdering his parents at A&A Italian Deli and Pizza in Bethpage.
If you're heading out, brace yourself — it's the coldest day of the season so far.
"Driven Into Debt," CBS News New York's latest investigative series, has uncovered a simple truth -- unpaid tolls can quietly spiral into crushing debt.
Two people were killed in a stabbing in Bethpage on Long Island, Nassau County police said.
"We're reviewing the process, and we'll see," Defense Secretary Pete Hegseth said. "Whatever we were to decide to release, we'd have to be very responsible about reviewing that right now."
President Trump presented medals to the 2025 Kennedy Center honorees during an Oval Office ceremony.
A judge ruled Menendez, the former U.S. Senator, is no longer eligible for public employment after a bribery conviction.
Mayor-elect Zohran Mamdani's transition fundraising effort is paying off.
The principal of a Brooklyn middle school created controversy this week by turning down the opportunity to have a Holocaust survivor speak to students.
New York has no plans to change hepatitis B vaccine guidance after a Centers for Disease Control advisory panel voted to stop recommending a first dose for newborns.
In New York alone, there have already been more than 17,000 flu cases and nearly 1,000 hospitalizations, and doctors anticipate it's only going to get worse as more people gather for the holidays.
Colette Smith of the Bronx was diagnosed with lung cancer, despite never smoking. Her survival story is central to her push for early detection.
Some New Yorkers want the mayor-elect to appoint a new "rat czar" when he takes office after an uptick in rat sightings.
Gio's Law would establish a $25 million grant program to equip law enforcement nationwide with EpiPens and train officers how to use them.
President Trump presented medals to the 2025 Kennedy Center honorees during an Oval Office ceremony.
The iconic Wythe Diner was physically moved Saturday from its location in Williamsburg to Steiner Studios in Brooklyn's Navy Yard.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Rapper Tekashi 6ix9ine has been sentenced to three more months in prison for violating his supervised release terms in a New York gang case.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
New York beat the Tampa Bay Lightning 2-0 on Saturday night.
The Boston Bruins beat New Jersey 4-1 on Saturday night, sending the Devils to their season-high fifth straight loss.
The Brooklyn Nets beat the New Orleans Pelicans 119-101 on Saturday.
The Colorado Avalanche topped Artemi Panarin and the New York Rangers 3-2 on Saturday.
The 2026 FIFA Men's World Cup schedule has been released, including the slate of matches coming to MetLife Stadium in New Jersey.
Neighbors in Brooklyn's Victorian Flatbush are expressing frustration after the city designated only part of their area as a historic district.
Brooklyn's Prospect Park is getting financing for a long-term project to battle the impacts of climate change, city leaders say.
The Brooklyn Conservatory of Music plans a 12,000-square-foot campus at One Prospect Park West, aiming to serve thousands more with music therapy and education programs.
Some residents at NYCHA's Eastchester Gardens in the Bronx say they've been shivering on and off all week.
The Brooklyn Nutcracker returns to Downtown Brooklyn with diverse cultural influences, community outreach, and a fresh take on Tchaikovsky's iconic score.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
The construction of a bike lane along 31st Street has had local businesses and cyclists at odds for months. Now, the Department of Transportation has to cease its work and rip up what's already done. CBS News New York's Adi Guajardo reports.
CBS News New York's Vanessa Murdock has your weather forecast for December 6 at 11 p.m.
Dozens of motorcyclists turned out Saturday for a special toy delivery at the Ronald McDonald House on Long Island.
Cardinal Dolan and Catholic Charities hosted a shopping day for families in need in Chelsea on Saturday.
The Belmont Business Improvement District held its annual tree lighting ceremony in the Bronx on Saturday.
