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?
A decision on interest rates could be announced today as the Fed wraps up its first meeting of the new year.
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
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.
The Dow Jones closed at a record high Wednesday. It was a major milestone fueled by the Federal Reserve decision to leave interest rates unchanged for now, but rate cuts could come in the new year. CBS New York's Dick Brennan has more on the fed announcement. Read more: https://cbsloc.al/48cKhnO
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
CBS News' Business Analyst Jill Schlesinger joins us to explain why economists were wrong when they thought we were heading for a recession.
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.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
With real estate season in full swing, we hear from CBS News Business Analyst Jill Schlesinger for a look at the current market.
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.
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.
With inflation appearing to slow down nationwide, it means more money will be in your pockets -- even if the Tri-State Area's local report is showing a different outcome. CBS2's John Dias has the details.
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 New Jersey Senate joined the Assembly in passing a controversial overhaul to the state's Open Public Records Act.
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.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
Upgrade your listening experience with the best hearing aids with Bluetooth compatibility in 2024.
Human remains found in Galloway Township in June 2021 were identified as Kevin Morris, who was reported missing from New York City in 2011.
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.
The New York area has one last chance to see the northern lights tonight. Find out where they may be visible, and check out photos from around the area.
Temperatures around New York and New Jersey will rebound nicely Monday, as highs reach the upper 60s and low 70s.
South Ozone Park, Queens man says he was attacked by a group of men last week outside his home.
A 61-year-old man was arrested Saturday following an unprovoked knife attack near Times Square, the NYPD says.
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.
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.
A plastic surgeon from Long Island recently returned from a medical mission in Gaza and says the experience changed him forever.
The New Jersey Senate joined the Assembly in passing a controversial overhaul to the state's Open Public Records Act.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
The senator and his wife are accused of using his position to benefit three businessmen and two foreign governments in exchange for cash, gold and a luxury car.
Secretary of State Antony Blinken said the U.S. "will not support" an Israeli military operation in the southern city of Rafah without a "credible plan to protect civilians."
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.
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.
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.
Jose Trevino hit a pair of homers in the Yankees' 10-6 win over the Rays on Sunday.
Brady Skjei scored on the power play with 3:11 left to help the Carolina Hurricanes beat the New York Rangers 4-3, staving off a sweep by winning Game 4 of the second-round playoff series.
Rookie Malachi Jones and Andrés Perea scored second-half goals and Matt Freese made nine saves as New York City FC held on for a 3-2 victory over Toronto FC.
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.
Riverdale resident Leo Shliselberg says despite the hardships he's experienced in life, the best medicine is laughter.
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 Tony Aiello spoke with two amateur photographers who were dazzled by the celestial show.
The site under the Queensboro Bridge in Long Island City is set to close at the end of next month. CBS New York's Shosh Bedrosian reports.
It was a proud day for the history-making Povolo family of Totowa, New Jersey. CBS New York's Nick Caloway reports.
Menendez is accused of trading his political influence for bribes of gold bars and cash. CBS New York's Christine Sloan reports.
Cohen told the court Donald Trump "wasn't thinking about Melania. This was all about the campaign," when it came to paying adult film star Stormy Daniels for the rights to her story about an alleged affair. CBS New York's Alice Gainer reports.