Fed lowers interest rates by 0.25 percentage points in third straight cut
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
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The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Investors are betting a divided Federal Reserve will deliver a quarter point rate cut for a third straight time. CBS News New York's Aziza Shuler reports.
The governor says the main mailing phase is now complete.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
The rush for gold continues as economic uncertainty deepens and anxious investors seek a safe haven for their money.
The governor said 8.2 million New Yorkers will receive checks to help ease the burden of rising costs.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
In July inflation rose 2.7% on an annual basis, slightly cooler than economists had forecasted. CBS News Business Analyst Jill Schlesinger breaks down the results and its impact on pricing.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
Gov. Kathy Hochul says they checks of up to $400 are expected to hit the mail this fall.
New York will soon be sending inflation refund checks to eligible residents, Gov. Kathy Hochul says.
Side hustles have become a go-to strategy for Americans looking to stay ahead of inflation. But how do you know which one is right for you?
Ashlee Piper, sustainability expert and author, No New Things joins CBS New York with tips on how to cut down the spending.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
The president issued a 90-day pause on the tariffs for most countries, except China. But as CBS News' Natalie Brand reports, Beijing has signaled a willingness to talk.
Wholesale egg prices are falling, with stores saying they're now lowering prices and easing restrictions. But tariffs could be an issue.
U.S. stocks continue to flail as investors grapple with impact of Trump administration trade war and signs of economic slowdown.
The bird flu is still wiping out poultry flocks, leading to supply shortages. Here's when egg prices could come down, experts say.
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
Its tough news on inflation and according to a new Bankrate survey. One-third of Americans say they have more credit card debt than emergency savings. Bankrate Chief Financial Analyst Greg Mcbride explains the study's findings.
Jeanne Hengemuhle has made history as the first woman in charge of the New Jersey State Police.
Mayor Zohran Mamdani is moving to lower the speed limit around hundreds of schools in New York City as part of a major escalation of the Vision Zero initiative.
A Palestinian woman who had been living and working in Paterson, New Jersey, has been released after a year in ICE custody in Texas, her legal team says.
Many paid their respects Monday to legendary New York City television news anchor Ernie Anastos. The 82-year-old died early Thursday morning of pneumonia, his family said.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
Mayor Zohran Mamdani is moving to lower the speed limit around hundreds of schools in New York City as part of a major escalation of the Vision Zero initiative.
Many paid their respects Monday to legendary New York City television news anchor Ernie Anastos. The 82-year-old died early Thursday morning of pneumonia, his family said.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
Four people including a child were killed in a fast-moving fire in Flushing, Queens Monday, the FDNY said.
Ten people and six vehicles were involved in the fatal accident on Long Island, according to New York State Police. Two people in their 80s were killed.
A tornado watch issued for several New Jersey counties has been canceled, but a wind advisory along with periods of heavy rain and possibly severe thunderstorms remain in store.
The New York area is in for a mild weekend before the weather takes a turn to start the work week.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
Periods of rain will move through the New York area Thursday, but spring temperatures are on the way for the weekend.
Jeanne Hengemuhle has made history as the first woman in charge of the New Jersey State Police.
A Palestinian woman who had been living and working in Paterson, New Jersey, has been released after a year in ICE custody in Texas, her legal team says.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
New Jersey's new Portal North Bridge opened for NJ Transit on Monday, marking a milestone for commuters after weeks of disruptions.
A tornado watch issued for several New Jersey counties has been canceled, but a wind advisory along with periods of heavy rain and possibly severe thunderstorms remain in store.
Ten people and six vehicles were involved in the fatal accident on Long Island, according to New York State Police. Two people in their 80s were killed.
St. John's, Hofstra and LIU are playing in the 2026 NCAA men's basketball tournament as March Madness gets in full swing.
Prosecutors said Matthew Smith fended off efforts to hand over his car keys before the crash that killed Nassau County police officer Patricia Espinosa.
A Manorville breeder was charged with animal neglect after dogs and puppies were allegedly left alone in poor conditions as a blizzard struck New York.
A father and son died in an overnight fire on Long Island. Kenneth Roberts, 42, and his son Mekhi, 12, were trapped in intense smoke inside a basement apartment.
Jeanne Hengemuhle has made history as the first woman in charge of the New Jersey State Police.
Mayor Zohran Mamdani is moving to lower the speed limit around hundreds of schools in New York City as part of a major escalation of the Vision Zero initiative.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
New York City Mayor Zohran Mamdani signed an executive order Friday establishing the first-ever Mayor's Office of LGBTQIA+ Affairs.
NYC Mayor Zohran Mamdani denounced Republican Sen. Tommy Tuberville's anti-Muslim social media post during a Ramadan event.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
A new study shows toxic forever chemicals known as PFAS may be entering the food chain on Long Island through contaminated soil, water and air.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
Hollywood's biggest stars were honored at the 98th annual Academy Awards on Sunday. Here is what to know and how to watch the 2026 Oscars.
Legendary New York City television news anchor Ernie Anastos has died. His wife says he died early Thursday morning of pneumonia.
Ballerina Misty Copeland responded to controversial comments made by actor Timothée Chalamet when he appeared to dismiss the significance of ballet and opera, saying, "No one cares."
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
The Jets will receive a 2027 sixth-round draft pick from the Chiefs and pick up $7 million of Fields' guaranteed $10 million salary.
The top 16 seeds in the 68-team women's NCAA field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
The Knicks rallied from a 21-point deficit against a patchwork Golden State lineup to beat the Warriors 110-107 on Sunday night.
St. John's, Hofstra and LIU are playing in the 2026 NCAA men's basketball tournament as March Madness gets in full swing.
Nicolas Fernández scored twice in the first half and Talles Magno scored late in the second to propel New York City FC to a 3-1 victory over the Colorado Rapids at Yankee Stadium on Saturday night.
A Harlem school is teaching students how to love, honor and care for their natural hair.
The NYC DEP has announced plans to clean Flushing Creek with chlorine, sparking outrage among some environmentalists.
Neighbors and local businesses in Long Island City, Queens, say rental trucks parked on streets are impacting daily operations.
Erik Lochtefeld is back to acting and marathon training after a glioblastoma diagnosis and complex surgery at NYU Langone.
Manhattan historians recently discovered a link to the Underground Railroad at the Merchant's House Museum.
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.
As we celebrate Women's History Month, CBS News New York's Christine Sloan sat down with new Acting Superintendent Jeanne Hengemuhle, who said she knew since a young age she wanted to be in law enforcement.
As CBS News New York's Marcia Kramer reports, the mayor wants the zones in place city wide by the end of 2029.
A Palestinian woman who had been living and working in Paterson, New Jersey, has been released from a U.S. Immigration and Customs Enforcement facility in Texas.
CBS News New York's Lonnie Quinn says skies will then clear, but St. Patrick's Day on Tuesday is shaping up to be cold and blustery.
CBS News New York's Nick Caloway has more on how the boys' program at Malcolm X Shabazz High School and the girls' program Arts High School turned hard work into hardware.
