October inflation numbers out today
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.
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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 rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
The move is meant to curb historically high inflation.
As CBS2's John Dias reports, there are a number of factors contributing to this key week for the state of the economy.
This comes as Americans see consumer prices skyrocket on everything from groceries to gas. CBS2's Elijah Westbrook reports.
Move comes in an effort to put the breaks on rising costs, but it means loans and credit cards will cost more.
CBS2's Nick Caloway has more on what this could mean for your wallet and investments.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
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Economists expect a sharp increase in borrowing costs. That could impact credit cards, loans and other debt.
Consumers could soon feel a bigger squeeze on credit cards, debts and mortgages.
Many consumers are going to feel a tighter squeeze after the Federal Reserve announced Wednesday it's raising interest rates.
Many consumers are going to feel a tighter squeeze after the Federal Reserve announced Wednesday it's raising interest rates. It's the first hike since 2018, and it's meant to combat soaring inflation; CBS2's Meg Baker reports.
That means you'll likely be paying more for certain loans. CBS2's Jessica Moore has advice from the experts.
Gov. Kathy Hochul announced 40 new pop-up vaccine sites would open statewide.
Some retail stores are now telling customers to use exact change or pay by credit or debit card.
Investors seem unimpressed with the Federal Reserve's largest interest rate cut since 2008, pushing down stocks amid mounting concerns over the coronavirus.
Federal Reserve Chairman Jerome Powell will hold a news conference Wednesday, as the fed is expected to raise its key short-term interest rate again this year.
Private economists expect the next hike to occur at the September meeting with a fourth rate hike expected in December.
The gain in spending followed an even better 0.5 percent rise in May, which was revised from a 0.2 percent initial estimate, the Commerce Department reported Tuesday.
This comes after M.S. 447 Principal Arin Rusch previously declined a parent's request to invite Sami Steigmann to speak to students.
Savannah Guthrie's brother, Camron Guthrie, issued a plea Thursday for the return of their mother, Nancy Guthrie, saying in a video to the possible abductor, "We want to talk to you."
After a portion of the Keansburg Fishing Pier crashed into the Raritan Bay, there's now concern at other marinas and piers that are being hit by ice chunks.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
Construction workers leaving the Hudson Tunnel worksite in New York City had no idea if or when they would return.
This comes after M.S. 447 Principal Arin Rusch previously declined a parent's request to invite Sami Steigmann to speak to students.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
Construction workers leaving the Hudson Tunnel worksite in New York City had no idea if or when they would return.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
A newly released memo reportedly shows that in the month following the 9/11 attacks, New York City leaders were preparing for possible lawsuits they thought could arise from claims of toxic air.
Parts of New York and Connecticut could see snow Friday into Saturday. A First Alert Weather Day is in effect for the weekend due to dangerously cold temperatures.
Bundle up — New York City and the Tri-State Area's stretch of dangerously cold weather continues, and it's sticking around longer than anyone would like.
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Forecasters are watching for a chance of snow this weekend in New York and New Jersey as harsh winter weather conditions continue.
The First Alert Weather Team is tracking a storm that could bring snow to the New York and New Jersey area. Frigid temperatures will last throughout the week.
After a portion of the Keansburg Fishing Pier crashed into the Raritan Bay, there's now concern at other marinas and piers that are being hit by ice chunks.
Construction workers leaving the Hudson Tunnel worksite in New York City had no idea if or when they would return.
Camden firefighter Howard Bennett died after falling into the icy Delaware River Thursday.
Parts of New York and Connecticut could see snow Friday into Saturday. A First Alert Weather Day is in effect for the weekend due to dangerously cold temperatures.
A mom in Plainfield, New Jersey, is pleading for the return of her 19-year-old son, Connor Oldfield, who has autism.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
The Patchogue-Medford School District said in a letter that the Suffolk County Department of Health alerted them about an infectious person in the school community.
Parts of New York and Connecticut could see snow Friday into Saturday. A First Alert Weather Day is in effect for the weekend due to dangerously cold temperatures.
More than 300 kilos of cocaine were seized in Nassau County in one of the largest drug busts ever on Long Island, officials said Tuesday.
Nassau County Police Officer Patricia Espinosa was killed Saturday in a car crash on Long Island.
Construction workers leaving the Hudson Tunnel worksite in New York City had no idea if or when they would return.
New York City Mayor Zohran Mamdani has picked Phylisa Wisdom to lead the city's Office to Combat Antisemitism.
New York City Mayor Zohran Mamdani and New York Attorney General Letitia James both announced their support of Gov. Kathy Hochul's reelection bid Thursday.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
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Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
The Patchogue-Medford School District said in a letter that the Suffolk County Department of Health alerted them about an infectious person in the school community.
Day 25 of the New York City nurses strike saw protests, arrests and some progress in the negotiations.
In New Jersey, nearly half a million people lost enhanced Affordable Care Act tax credits this year, but the impact goes far beyond those who got the credits.
Two-for-one tickets are returning for New York City's Off-Broadway Week.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Popular singer-songwriter Noah Kahan will be bringing his tour to New York City this summer. "The Great Divide" tour will stop at Citi Field on July 18.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
The Knicks outlasted the Nuggets 134-127 in two overtimes Wednesday night for their eighth straight victory.
Dozens of middle school girls celebrated National Girls and Women in Sports Day at the Brooklyn Basketball Training Center on Wednesday.
The Rangers traded star winger Artemi Panarin to the Kings on Wednesday, just minutes before the NHL Olympic roster freeze.
Frank Reich and Aaron Glenn are teammates again with the New York Jets, looking to turn around the fortunes of a frustrated franchise.
American athletes are preparing for the 2026 Milano Cortina Winter Olympics. These are some of the top Team USA competitors to watch.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
Dozens of middle school girls celebrated National Girls and Women in Sports Day at the Brooklyn Basketball Training Center on Wednesday.
A group of senior dancers aged 70 and up shine on stage at the Korean Community Services' center in Queens. They practice in Flushing twice a week and perform at events citywide.
A flooded manhole has turned a loading dock into an ice rink in Queens.
Jamaica Colosseum Mall is set to close for good on Jan. 31.
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.
It may be tempting to walk or even skate on icy lakes and ponds at New York City parks, but there's a real risk of falling through. CBS News New York's Kristie Keleshian reports on the outreach effort to keep New Yorkers safe.
A Nassau County police officer was laid to rest Thursday. She was struck and killed by an alleged drunk driver Saturday. CBS News New York's Jennifer Bisram reports.
New York Catholics are about to officially welcome their new leader. Ceremonies have begun to welcome Ronald Hicks as the new archbishop. Hundreds filled Saint Patrick's Cathedral on Thursday evening for a solemn prayer service. CBS News New York's Tony Aiello was inside the cathedral for the vespers.
Frigid temperatures in New Jersey are likely to blame for the partial collapse of a popular fishing pier. CBS News New York's Christine Sloan reports.
Investigators say a school bus struck and killed an 11-year-old girl in Brooklyn on Thursday, and the driver did not stop. CBS News New York's Andrew Ramos reports.
