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.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The crew of NASA's Artemis II mission captured a new image of the far side of the moon, which the agency released Sunday.
Patrick Roy has been abruptly fired as head coach of the New York Islanders.
Pope Leo XIV celebrated his first Easter Mass as pontiff, urging hope against the violence of war.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
History was made Saturday night at Madison Square Garden as the Sirens played the Torrent before a sold-out crowd.
An NYPD officer was struck by a driver and injured during a traffic stop in Brooklyn on Saturday.
Tributes continue to pour into Brooklyn, where 7-month-old Kaori Patterson-Moore lost her life in a senseless shooting Wednesday.
New York City's annual Easter Parade and Easter Bonnet Festival returns to Midtown Manhattan on Sunday.
Rain has returned for Easter Sunday in the New York area after the holiday weekend kicked off with May-like weather.
UConn's jaw-dropping buzzer beater catapulted them to the Final Four.
Bridgeport firefighter Terrence Cramer was killed after his girlfriend's ex shot him in a fit of rage at a Connecticut home, according to an arrest warrant.
Jabari Bush is accused of fatally shooting active-duty Bridgeport Firefighter Terrence Cramer in Shelton, police said.
Warmer weather will return to New York City and the surrounding area soon.
The move would reduce the minimum uninsured motorist coverage for ride-share services from $1.5 million to as low as $35,000.
Fire officials are investigating the cause of a multi-alarm fire at a former chemical manufacturer in Paterson, New Jersey.
Rain has returned for Easter Sunday in the New York area after the holiday weekend kicked off with May-like weather.
With just over one square mile of land, the City of Hoboken says the 2026 FIFA World Cup could be a once-in-a-generation opportunity for homeowners.
New Jersey Gov. Mikie Sherrill and her family are moving into Drumthwacket, the governor's official residence in Princeton.
Patrick Roy has been abruptly fired as head coach of the New York Islanders.
Stony Brook University professor Timothy Glotch is one of 10 scientists selected to shape research plans for NASA's next Artemis missions.
A Long Island man accused of shooting his sister in the head with a crossbow pleaded not guilty to attempted murder Thursday.
A Long Island high schooler and his mom are being credited with saving a sleeping neighbor from a house fire.
New York Republican gubernatorial nominee Bruce Blakeman said Tuesday he will sue the state after the Campaign Finance Board denied him matching funds.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
President Trump ordered the Department of Homeland Security to find a way to pay "each and every employee" of the agency.
New Jersey Gov. Mikie Sherrill and her family are moving into Drumthwacket, the governor's official residence in Princeton.
The search for the second crew member, a weapons system officer, is continuing, two U.S. officials said.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
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 federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
Megan Thee Stallion was released from a New York City hospital after she got sick during a performance of "Moulin Rouge! The Musical."
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Savannah Guthrie stepped back from her NBC duties almost two months ago when her mother, Nancy Guthrie, disappeared. The investigation is ongoing.
Patrick Roy has been abruptly fired as head coach of the New York Islanders.
Clay Holmes and Tobias Myers combined on a three-hitter and the New York Mets beat the San Francisco Giants 9-0 on Saturday night.
History was made Saturday night at Madison Square Garden as the Sirens played the Torrent before a sold-out crowd.
The New York Yankees beat the Miami Marlins 9-7 on Saturday night for their second 7-1 start in three seasons.
Oliver Kapanen's decisive goal in the shootout gave the Canadiens a 4-3 win over the Devils for their eighth straight win on Saturday.
Preparations for Passover in Brooklyn blend centuries-old rituals with modern traditions unique to each family.
New York has filed a lawsuit against solar company Attyx, saying it didn't just sell panels, it sold promises it couldn't keep.
Long before Manhattan's iconic street grid took shape, an English widow planned a Brooklyn community that helped shape the city today.
The Center for Brooklyn History showcase examines the Battle of Brooklyn through rare maps, paintings, and historical artifacts from the American Revolutionary War.
From World War II to modern mixology, women in Brooklyn fought for their place behind the bar. This Women's History Month, their legacy continues to influence the city's nightlife.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
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.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
If you're a New Yorker, you probably have an ongoing battle with it as stuff piles up.
Queens Sen. John Liu is in the thick of budget negotiations in Albany because he also chairs the city education committee.
Congressman Gottheimer is co-chair of the Problem Solvers Caucus, but the bipartisan group has been unable to solve funding for the Department of Homeland Security amid heavy airport delays.
With unresolved issues in Washington, D.C. and Albany, the New Jersey congressman and New York state senator from Queens sit down for interviews with CBS News New York's Marcia Kramer.
CBS News New York's John Elliott spends the morning at Eagle Rock Reservation in West Orange, New Jersey, for the Salvation Army's 2026 Easter Sunday service.
