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Federal Reserve raising interest rates

Many consumers are going to feel a tighter squeeze after the Federal Reserve announced Wednesday it's raising interest rates. It's the first hike since 2018, and it's meant to combat soaring inflation; CBS2's Meg Baker reports.

Mar 16, 2022 (02:25)

Pope Leo to undergo lung surgery

Pope Leo to undergo lung surgery

Mayor Mamdani offers more criticism of ICE in wake of last week's shooting in NYC

Mayor Mamdani offers more criticism of ICE in wake of last week's shooting in NYC

First Alert Weather: Rain to begin moving out of NYC area on Sunday night

First Alert Weather: Rain to begin moving out of NYC area on Sunday night

Pope Leo to undergo lung surgery

Pope Leo to undergo lung surgery

Construction on Portal North Bridge expected to cause headaches on NJ Transit for next month

Construction on Portal North Bridge expected to cause headaches on NJ Transit for next month

People spotted entering sewers in Hamilton Heights, NYPD says

People spotted entering sewers in Hamilton Heights, NYPD says

2 facing charges in deadly wrong-way crash on Staten Island

2 facing charges in deadly wrong-way crash on Staten Island

Extended interview with congressional candidate Mike DeCillis | The Point with Marcia Kramer

Extended interview with congressional candidate Mike DeCillis | The Point with Marcia Kramer

Extended interview with Staten Island Rep. Nicole Malliotakis | The Point with Marcia Kramer

Extended interview with Staten Island Rep. Nicole Malliotakis | The Point with Marcia Kramer

First Alert Weather: Heavy rain for New York on Sunday – 10/10/26

First Alert Weather: Heavy rain for New York on Sunday – 10/10/26

Starfish smoked seafood Trio recalled over possible Listeria contamination

Starfish smoked seafood Trio recalled over possible Listeria contamination

ICE agents arrest man in Harrison, NJ

ICE agents arrest man in Harrison, NJ

Family of Bronx mother killed in balcony push speaks out

Family of Bronx mother killed in balcony push speaks out

Police identify victims in fatal Bronx chain-reaction crash

Police identify victims in fatal Bronx chain-reaction crash

1 dead in Staten Island apartment fire

1 dead in Staten Island apartment fire

3 injured after car flips on side in Midtown Manhattan

3 injured after car flips on side in Midtown Manhattan

4 dead as weakened Isaias brings threat of floods across the Southeast

4 dead as weakened Isaias brings threat of floods across the Southeast

Woman killed in wrong-way crash on Staten Island Expressway

Woman killed in wrong-way crash on Staten Island Expressway

How a nonprofit is helping people with disabilities get service dogs

How a nonprofit is helping people with disabilities get service dogs

Los Angeles County search and rescue deployed to Panama after powerful earthquakes

Los Angeles County search and rescue deployed to Panama after powerful earthquakes

Attack on Saudi Arabia's international airport kills 12, Saudi authorities say

Attack on Saudi Arabia's international airport kills 12, Saudi authorities say

Gunman charged with killing officer, wounding another in Philadelphia

Gunman charged with killing officer, wounding another in Philadelphia

Nine dead, including 2 children, in East Erie Pennsylvania shooting

Nine dead, including 2 children, in East Erie Pennsylvania shooting

Isaias causes damage in Florida, cleanup underway

Isaias causes damage in Florida, cleanup underway

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