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Interest rate hike will push up loan costs

The Federal Reserve raised a key interest rate three-quarters of a percentage point in another attempt to control inflation, but the move sent stocks declining again. Naomi Ruchim reports for CBS2.

Sep 21, 2022 (02:08)

First Alert Weather: Cold, blustery weekend in New York - 11/13/26

First Alert Weather: Cold, blustery weekend in New York - 11/13/26

Mayor Mamdani makes deal with White House to delay start of new SNAP rules for bodegas

Mayor Mamdani makes deal with White House to delay start of new SNAP rules for bodegas

Scrutiny growing as investigation into Brooklyn building collapse gets underway

Scrutiny growing as investigation into Brooklyn building collapse gets underway

FAA lifts ground stop, but frustration continues for travelers | Team coverage

FAA lifts ground stop, but frustration continues for travelers | Team coverage

Birds rescued from illegal pet trade find a home at the Bronx Zoo

Birds rescued from illegal pet trade find a home at the Bronx Zoo

Survivors of deadly Brooklyn building collapse speak out

Survivors of deadly Brooklyn building collapse speak out

Long Island kids will appear on 2026 Nickelodeon Kids' Choice Awards

Long Island kids will appear on 2026 Nickelodeon Kids' Choice Awards

First Alert Weather: Chilly, breezy Saturday in New York - 11/13/26

First Alert Weather: Chilly, breezy Saturday in New York - 11/13/26

Search continues for worker who fell under Long Island drawbridge

Search continues for worker who fell under Long Island drawbridge

Thousands of flights, travelers in limbo due to FAA ground stop | Team coverage

Thousands of flights, travelers in limbo due to FAA ground stop | Team coverage

Tanker crashes into cruise ship in New Orleans

Tanker crashes into cruise ship in New Orleans

Some Queens residents call for buyout due to repeated flooding issues

Some Queens residents call for buyout due to repeated flooding issues

FAA ground stop causes frustration, confusion for travelers nationwide

FAA ground stop causes frustration, confusion for travelers nationwide

Nationwide ground stop impacting JFK, LaGuardia, Newark airports | Team coverage

Nationwide ground stop impacting JFK, LaGuardia, Newark airports | Team coverage

Why did the FAA issue a nationwide ground stop?

Why did the FAA issue a nationwide ground stop?

Passengers at NYC-area airport left scrambling after FAA ground stop

Passengers at NYC-area airport left scrambling after FAA ground stop

FAA ground stop causes some confusion at Newark Airport

FAA ground stop causes some confusion at Newark Airport

Breaking down what we know about the FAA nationwide ground stop

Breaking down what we know about the FAA nationwide ground stop

FAA issues nationwide ground stop | Team coverage

FAA issues nationwide ground stop | Team coverage

NYC-area airports impacted by FAA nationwide ground stop

NYC-area airports impacted by FAA nationwide ground stop

Passengers describe impacts of FAA nationwide ground stop

Passengers describe impacts of FAA nationwide ground stop

Homeland Security secretary addresses FAA nationwide ground stop

Homeland Security secretary addresses FAA nationwide ground stop

Aviation safety expert weighs in on FAA nationwide ground stop

Aviation safety expert weighs in on FAA nationwide ground stop

Author May Cobb on her new book "All the Little Secrets"

Author May Cobb on her new book "All the Little Secrets"

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