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.
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.
On Monday, Michael Cohen testified that former President Donald Trump signed off on plans to reimburse him for a "hush money" payment to Stormy Daniels.
Big Reuse says the lot helps take in 2 million pounds of food scraps and yard waste annually to create compost.
The Hurricanes exploded for four unanswered goals in the third period in a 4-1 win over the Rangers on Monday.
Bryson Stott's ninth-inning homer, sac fly in 10th led the Phillies to a 5-4 win over the Mets on Monday.
Pro-Israel demonstrators and counter protesters descended on Times Square on Monday night.
Big Reuse says the lot helps take in 2 million pounds of food scraps and yard waste annually to create compost.
The Hurricanes exploded for four unanswered goals in the third period in a 4-1 win over the Rangers on Monday.
Pro-Israel demonstrators and counter protesters descended on Times Square on Monday night.
There's an intense debate on whether to arm school security after Farmingdale schools became the latest on Long Island to plan to hire armed guards.
There's new momentum behind New York Mets owner Steve Cohen's proposal to build a casino in the area around Citi Field, but it's far from being a done deal.
Temperatures around New York and New Jersey will rebound nicely Monday, as highs reach the upper 60s and low 70s.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
Sunday night may offer a chance to see the northern lights in suburban areas of New York City after an "extreme" geomagnetic storm reached Earth on Friday.
It will be cool with rain around the area in the morning. Rain and drizzle will linger during the remainder of the day.
Accompanying cooler temperatures will be multiple chances of rain through Sunday.
The New Jersey Senate joined the Assembly in passing a controversial overhaul to the state's Open Public Records Act.
Human remains found in Galloway Township in June 2021 were identified as Kevin Morris, who was reported missing from New York City in 2011.
Temperatures around New York and New Jersey will rebound nicely Monday, as highs reach the upper 60s and low 70s.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
A new report from New Jersey's Department of Health shows lead levels in children are dropping but not gone.
There's an intense debate on whether to arm school security after Farmingdale schools became the latest on Long Island to plan to hire armed guards.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
A New York Supreme Court judge has struck down Nassau County Executive Bruce Blakeman's executive order banning transgender athletes from playing women's and girl's sports at county-owned facilities.
The U.S. Coast Guard is trying to find the source of a mysterious oily sheen reported on the waters of Long Island Sound.
Sunday night may offer a chance to see the northern lights in suburban areas of New York City after an "extreme" geomagnetic storm reached Earth on Friday.
On Monday, Michael Cohen testified that former President Donald Trump signed off on plans to reimburse him for a "hush money" payment to Stormy Daniels.
Pro-Israel demonstrators and counter protesters descended on Times Square on Monday night.
There's new momentum behind New York Mets owner Steve Cohen's proposal to build a casino in the area around Citi Field, but it's far from being a done deal.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
Rep. Jamaal Bowman and challenger George Latimer continue to trade barbs in heated 16th Congressional District race.
Leonette Belfield-Carson, whose daughter Jalissa Nadine Carson died of cancer, is now an advocate for other moms with children battling cancer.
A new report from New Jersey's Department of Health shows lead levels in children are dropping but not gone.
Kyle McMorrow was just 36 years old when he suffered a stroke last year. He woke up with neck pain one day, not realizing what was happening.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
Actor Steve Buscemi appeared to be looking at his phone moments before he was randomly punched in New York City, exclusive video obtained by CBS New York shows.
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
A remarkable judge of talent, Corman hired such aspiring filmmakers as Francis Ford Coppola, Ron Howard, James Cameron and Martin Scorsese.
Sean "Diddy" Combs is asking a judge to dismiss a lawsuit alleging that he and two other men raped a 17-year-old girl in a New York recording studio in 2003.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
The Hurricanes exploded for four unanswered goals in the third period in a 4-1 win over the Rangers on Monday.
Bryson Stott's ninth-inning homer, sac fly in 10th led the Phillies to a 5-4 win over the Mets on Monday.
There's new momentum behind New York Mets owner Steve Cohen's proposal to build a casino in the area around Citi Field, but it's far from being a done deal.
Brandon Nimmo's 2-run home run in the bottom of the ninth lifted the Mets to a 4-3 win over the Braves on Sunday.
The Pacers jumped out to a big first-quarter lead and never looked back in a 121-89 win over the Knicks on Sunday.
Big Reuse says the lot helps take in 2 million pounds of food scraps and yard waste annually to create compost.
The River Garden in West Farms is a place that nurtures home-grown opportunities and curiosity.
Leonette Belfield-Carson, whose daughter Jalissa Nadine Carson died of cancer, is now an advocate for other moms with children battling cancer.
A new piece of legislation passed in the New York State Budget clarifies the distinction between squatters and tenants.
Walks in the park just got a lot brighter thanks to Harlem Sculpture Gardens, the largest outdoor public art exhibit ever in the neighborhood.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
CBS New York's John Elliott and Tony Sadiku have the latest weather forecast.
The Democrats sparred during a heated debate Monday night. CBS New York's Christina Fan has a look at what happened.
In his first day of testimony, Cohen linked the former president to payments made to adult film actor Stormy Daniels. CBS New York's Derick Waller has the latest.
CBS New York's Lonnie Quinn is also monitoring potential rain this weekend.
Actor John Krasinski says he was inspired to write and direct the movie by his own children. CBS New York's Jenna DeAngelis was at Monday's premiere in Chelsea.