CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
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Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
A bird flu outbreak has driven up prices and Schumer says they may go up even higher if the incoming administration and Congress make cuts to programs that help farmers. CBS News New York's Jessica Moore reports.
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
New Yorkers could receive an "Inflation Refund" check for up to $500 next year, Gov. Kathy Hochul announced Monday.
The governor is asking the Legislature to approve a refund that sends checks to millions of middle class state residents to help them cope with the high cost of living. CBS News New York's Marcia Kramer reports.
Democrats have watched their margin of victory shrink in New York City in three consecutive general elections.
A new Bankrate survey found 41% of Americans say inflation is their top economic issue for the 2024 presidential election. Bankrate's senior economic analyst Mark Hamrick joins CBS News New York to discuss the impact.
Social Security benefits are given a cost-of-living adjustment each year. The 2025 COLA increase is the smallest since 2021.
Inflation in September fell to an annual rate of 2.4%, its lowest point since early 2021, as gas and energy costs continued to ease.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
New Yorkers shared their opinions about the economy with CBS News New York's Jessica Moore after Tuesday night's presidential debate.
The deal, available through Subway's app and website for a limited time, is aimed at inflation-weary consumers.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
Jill Schlesinger, Business Analyst for CBS New York breaks down the latest inflation numbers.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
It seems like the cost of just about everything is going up. Here's what New Yorkers think is just "too damn high."
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
CBS News Business Analyst Jill Schlesinger breaks down the latest numbers.
The overall rate was up 3.2% in February, with gas and shelter accounting for nearly 60% of that rise. CBS News Business Analyst Jill Schlesinger breaks things down.
For the first time in more than 50 years, the city's vacancy rate has dropped to 1.4% So how did we get here, and what's being done about it?
Inflation has cooled from the high levels seen in 2022, but monthly necessities like rent and auto insurance have skyrocketed this year. CBS News' Jo Ling Kent has more on the rise in costs and what that means for the economy.
If you're heading out, brace yourself—it's the coldest day of the season.
Luigi Mangione will be back in court Friday as a crucial court hearing about what evidence should be admitted in the trial continues.
A 19-year-old man faces assault, riot and trespassing charges after the violent and chaotic car meetup in Malba, Queens.
The city has wrapped up a two-year probe into a shocking 2023 crane collapse in Manhattan that injured 12 people.
The New York Rangers won for the league-leading 12th time on the road, beating the Ottawa Senators 4-2 on Thursday night.
If you're heading out, brace yourself—it's the coldest day of the season.
Luigi Mangione will be back in court Friday as a crucial court hearing about what evidence should be admitted in the trial continues.
A 19-year-old man faces assault, riot and trespassing charges after the violent and chaotic car meetup in Malba, Queens.
The city has wrapped up a two-year probe into a shocking 2023 crane collapse in Manhattan that injured 12 people.
Levi Aron, the man convicted in the horrific 2011 murder of 8-year-old Leiby Kletzky in Brooklyn, has died.
If you're heading out, brace yourself—it's the coldest day of the season.
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.
If you're heading out, brace yourself—it's the coldest day of the season.
"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.
James Solomon easily won the race to become Jersey City's next mayor and Emily Jabbour beat the son of a former popular mayor to take the helm in Hoboken.
Popcorn Park Animal Refuge said the monkey, now named Forrest, was one of 21 monkeys being transported to a lab when the truck overturned on a Mississippi highway.
If you're heading out, brace yourself—it's the coldest day of the season.
"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.
First Alert Weather Days have been declared in the NYC area as the arctic chill could bring record low temperatures.
Siena men's lacrosse coach Liam Gleason has died after suffering a traumatic brain injury in a fall at his home.
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 City Mayor Eric Adams issued executive orders Thursday designed to protect Israel and appeal to the Jewish community.
Federal prosecutors on Thursday presented an indictment of New York Attorney General Letitia James to a grand jury in Norfolk, Virginia.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
The MTA is set to unveil a new high-tech system for catching people who don't pay.
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.
A blood drive was held in Harlem on Wednesday as the New York Blood Center reports a dip in its blood supply.
Stoppard was often hailed as the greatest British playwright of his generation.
The Brooklyn Nutcracker returns to Downtown Brooklyn with diverse cultural influences, community outreach, and a fresh take on Tchaikovsky's iconic score.
"Everybody Loves Raymond" is getting the spotlight at the Long Island Music and Entertainment Hall of Fame.
Jimmy Cliff, who famously sang about the "many rivers" we all must cross, has died after suffering a seizure and pneumonia, his family say.
Donald Glover, who performs under the moniker Childish Gambino, revealed he suffered a stroke last year, which forced him to cancel his tour.
The New York Rangers won for the league-leading 12th time on the road, beating the Ottawa Senators 4-2 on Thursday night.
The New York Islanders defeated the NHL-leading Colorado Avalanche 6-3 on Thursday night.
The Utah Jazz used a huge fourth quarter to beat the Brooklyn Nets 123-110 on Thursday night.
Doc Rivers said there have been no talks between team officials and Giannis Antetokounmpo regarding the two-time NBA MVP's potential exit from Milwaukee.
The Bulls dropped to 9-12 with their fifth loss in a row.
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.
CBS News New York's Mary Calvi talks with CEO and Commissioner Hope Knight and business owner Cheyenne Ford about a grant program giving millions of dollars to recruit and train more diverse groups.
More officers from the Altoona, Penn. police department are expected on the stand as arguments continue over what evidence should be admitted in Luigi Mangione's trial. CBS News New York's Christina Fan reports.
CBS News New York's Tony Sadiku has a look at the First Alert Weather Forecast.
Video captured the chaos of the incident, with cars doing donuts in the street and fireworks set off. A security vehicle that was parked in an intersection in an effort to put an end to the swarm of cars descending on the area was set on fire. CBS News New York's Elijah Westbrook reports.
CBS News New York's Lonnie Quinn has your First Alert Forecast for December 4 at 11 p.m.
