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.
Your best chance for staying juiced up during summer blackouts and adverse weather is one of these power banks.
Prosecutors are delivering their closing argument in former President Donald Trump's "hush money" trial in a New York court.
The NYPD is searching for four people who sprayed a traffic agent with a fire extinguisher. The NYPD is searching for four people who sprayed a traffic agent with a fire extinguisher.
Long Island health officials say the beaches could have higher levels of bacteria because of storm water runoff from Monday's thunderstorms.
No more long-term contracts! These no-contract home security companies have your back.
The NYPD is searching for four people who sprayed a traffic agent with a fire extinguisher. The NYPD is searching for four people who sprayed a traffic agent with a fire extinguisher.
What has it been like inside the courtroom covering Donald Trump's "hush money" trial? CBS New York's Alice Gainer gives us a behind-the-scenes look.
The Brooklyn swimmers say they're concerned about boats and jet skis getting to close, so they found a loophole to help them stay safe.
Manhattanhenge 2024 appears tonight in NYC, and we have a look at the best streets and viewing times for the perfect shot.
Today's forecast looks much improved for NYC, as the sunshine returns and humidity drops.
Today's forecast looks much improved for NYC, as the sunshine returns and humidity drops.
Delays at LaGuardia, Kennedy and Newark airports were anywhere from one to three hours Monday as storms made Memorial Day travel difficult.
Officials remind parents to keep a close eye on their kids this summer after a girl nearly drowned in a backyard swimming pool in Connecticut over Memorial Day weekend.
Flood advisories were issued for Bergen, Essex, Orange, Passaic and Rockland counties late Monday night.
While many folks get to enjoy the holiday weekend, others will be working, taking care of those of us who might be looking for a sale.
Today's forecast looks much improved for NYC, as the sunshine returns and humidity drops.
Delays at LaGuardia, Kennedy and Newark airports were anywhere from one to three hours Monday as storms made Memorial Day travel difficult.
Flood advisories were issued for Bergen, Essex, Orange, Passaic and Rockland counties late Monday night.
Police in Wildwood, New Jersey, have ended a state of emergency that temporarily restricted access to the entire boardwalk after responding to "numerous incidents of civil unrest."
Ocean City Police Department said a 15-year-old was stabbed after a fight broke out on the boardwalk just before 9:15 p.m. on Saturday, May 25.
Long Island health officials say the beaches could have higher levels of bacteria because of storm water runoff from Monday's thunderstorms.
Delays at LaGuardia, Kennedy and Newark airports were anywhere from one to three hours Monday as storms made Memorial Day travel difficult.
Heavy rain and thunderstorms will move in Monday evening, bringing a high risk of flooding while many will be traveling home.
Stew Leonard's is facing a wrongful death lawsuit from the estate of a woman who died after she ate a mislabeled cookie and suffered an allergic reaction to peanuts.
New York City is the third most popular place in the U.S. to travel to this Memorial Day weekend, according to AAA.
Prosecutors are delivering their closing argument in former President Donald Trump's "hush money" trial in a New York court.
What has it been like inside the courtroom covering Donald Trump's "hush money" trial? CBS New York's Alice Gainer gives us a behind-the-scenes look.
President Joe Biden laid a wreath at the Tomb of the Unknown Soldier and is delivering his annual Memorial Day address.
Trump is being tried in New York state court, where judges have broad authority to determine when sentences are handed down after convictions, says a former prosecutor.
A chaotic scene unfolded as former President Donald Trump took the stage, as Libertarians clashed with pro-Trump attendees throughout his speech.
Officials remind parents to keep a close eye on their kids this summer after a girl nearly drowned in a backyard swimming pool in Connecticut over Memorial Day weekend.
A new report from Orkin ranks the worst cities for mosquitoes, with New York coming in second and Los Angeles taking the top spot.
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.
Wactor was shot and killed when he interrupted three suspects in the midst of a catalytic converter theft in downtown LA early Saturday morning, according to family members.
In the Off-Broadway comedy, Sedgwick plays the mother of a young disabled woman who is romantically involved with a disabled man.
Nicki Minaj was in Amsterdam after playing a show at Ziggo's Dome on Thursday, and was on her way to Manchester, England, for the next stop in her Pink Friday 2 World Tour.
The Peregrine falcon chicks that hatched on the Gov. Cuomo Bridge now have names.
Documentary filmmaker Morgan Spurlock, an Oscar nominee who focused on food and American diets, has died of cancer at age 53.
The NY Mets game has been postponed today, so they will have to wait another day for their series opener against the Los Angeles Dodgers.
"Bill Walton was truly one of a kind," NBA commissioner Adam Silver said in a statement.
Alex Wenberg's goal at 5:35 of the extra session lifted the Rangers to a 5-4 win over the Panthers on Sunday.
The Padres scored four runs in the sixth inning on their way to a 5-2 victory over the Yankees on Sunday.
Omar Narváez's RBI single capped a big ninth inning for the Mets in their 4-3 win over the Giants on Sunday.
The Brooklyn swimmers say they're concerned about boats and jet skis getting to close, so they found a loophole to help them stay safe.
The Concourse Plaza Multiplex Cinemas in the Bronx is closing, leaving just one movie theater left in the entire borough.
Sailboats descended on New York Harbor in advance of a Vendée Globe qualifying race next week.
Vernisa Depass reached out to CBS New York about a serious case of mold in her apartment that was not getting repaired by her landlord.
The U.S. Postal Service "mismanaged" safeguards intended to prevent mail theft in Queens, according to an investigation spurred on by U.S. Rep Grace Meng.
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.
It's International Hamburger Day and the patty melt sandwich is growing in popularity across New York City. Chef Justin Slojkowski, Executive Chef at Main Street Landing joins CBS New York to discuss the sandwich's popularity.
Specialty Vietnamese coffee brand Nguyen Coffee Supply was created in 2018 and now the company is expanding to Target locations nationwide. Sahra Nguyen, founder of Nguyen Coffee Supply joins CBS New York to discuss her journey.
16 competitors will go head to head at The Theater at Madison Square Garden starting this Friday night to earn the US Darts Masters title.
LIRR is expanding summer weekend service and offering discounts to area beaches.
Long Island health officials say the beaches could have higher levels of bacteria because of storm water runoff from Monday's thunderstorms.