Inflation rate rose by 2.4% last month, showing cooling prices
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
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Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
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.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
As consumers continue to feel the squeeze, the government just released the latest inflation report. CBS News Business Analyst Jill Schlesinger joins us to break it all down.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Police in New York City are searching for the suspects behind an apparent road rage incident in the Mott Haven section of the Bronx.
First-time nominees Chubby Checker, Joe Cocker and Bad Company will also be inducted into the Rock & Roll Hall of Fame.
Sunday night marked the opening of "Real Women Have Curves," a new musical on Broadway. It is inspired by a real-life story of the immigrant experience in America.
Timothy Cardinal Dolan was among thousands of people who visited the tomb of Pope Francis in Rome on Sunday, one day after his majestic funeral service.
Police sources say an off-duty New York City police officer was shot in Queens early Sunday morning.
Police in New York City are searching for the suspects behind an apparent road rage incident in the Mott Haven section of the Bronx.
Sunday night marked the opening of "Real Women Have Curves," a new musical on Broadway. It is inspired by a real-life story of the immigrant experience in America.
Timothy Cardinal Dolan was among thousands of people who visited the tomb of Pope Francis in Rome on Sunday, one day after his majestic funeral service.
Police sources say an off-duty New York City police officer was shot in Queens early Sunday morning.
A funeral was held Saturday for a man who died in a car crash in Upper Manhattan after a police pursuit.
Sunday will feature a mix of sun and clouds, with winds gusting between 35-45 mph at times.
Easter Sunday looks great, as the sun will stick around, but temperatures will be more more comfortable in the upper 60s.
The stock market's wild ride is having an impact on families who use a 529 college savings account, a tax-free way for parents to save for educational expenses.
The man who said his stepmother held him captive for two decades has released his first public statement.
Wind gusts between 30-45 mph will persist into Wednesday across the Tri-State Area
Sen. Andy Kim says U.S. Immigration and Customs Enforcement admitted it is detaining a man with no criminal history at its facility in Elizabeth, New Jersey.
A person was found dead inside a car submerged in a body of water inside a gated community in Manalapan, New Jersey, on Saturday.
Sunday will feature a mix of sun and clouds, with winds gusting between 35-45 mph at times.
New Jersey firefighters are confident the Jones Road Wildfire in Ocean County can be fully contained over the weekend.
Nearly a dozen people have been arrested in a takedown of an organized car theft ring in New Jersey, authorities announced Friday.
A family says their newborn son nearly bled to death and is fighting for his life after he was circumcised at a New York City hospital.
George Santos has been sentenced to 87 months in prison on federal wire fraud and identity theft charges in New York.
While some say the end of the Las Vegas Sands casino deal is a win, the Nassau County executive said there's interest from other bidders.
The developer who planned to turn Long Island's Nassau Coliseum site into a casino has pulled the plug on the project.
Police on Long Island have released the identities of a mother and child whose remains were found near Gilgo Beach nearly three decades ago.
Trump administration border czar Tom Homan argued Sunday that "due process" was applied when a mother and her child who is a U.S. citizen were removed to Honduras.
Sen. Andy Kim says U.S. Immigration and Customs Enforcement admitted it is detaining a man with no criminal history at its facility in Elizabeth, New Jersey.
House Minority Leader Hakeem Jeffries and Sen. Cory Booker opposed the Republican budget plan key to enacting President Trump's agenda with a sit-in protest on the steps of the Capitol as the sun rose on Sunday.
Trump's ratings on economy are lower, but his deportation plan keeps majority support.
George Santos has been sentenced to 87 months in prison on federal wire fraud and identity theft charges in New York.
A family says their newborn son nearly bled to death and is fighting for his life after he was circumcised at a New York City hospital.
After a leaked Trump administration budget draft showed cuts to the suicide prevention hotline dedicated to helping LGBTQ+ youth, advocates in New York are sounding the alarm.
Doctors in New York City were able to save the lives of three children with one heart transplant. Here's how.
A grieving family in Queens wants answers after a young woman died two weeks after giving birth to twins. They believe it was due to complications with her C-section, but say the hospital is not giving them any answers.
A Long Island woman accused of forging vaccination records of students did not appear in court for her arraignment.
First-time nominees Chubby Checker, Joe Cocker and Bad Company will also be inducted into the Rock & Roll Hall of Fame.
Sunday night marked the opening of "Real Women Have Curves," a new musical on Broadway. It is inspired by a real-life story of the immigrant experience in America.
Bianca Castro-Arabejo, known by her stage name Jiggly Caliente, died days after her family said she had been battling a "severe infection" and lost "most of her right leg."
Prosecutors at Sean "Diddy" Combs ' upcoming federal sex trafficking trial can show jurors video of the hip-hop mogul hitting and kicking one of his accusers in a Los Angeles hotel hallway, a judge ruled at a hearing Friday.
Harvey Weinstein's retrial started with opening statements in NYC, five years after the original was a catalyst in the #MeToo movement.
Andrei Svechnikov scored three goals and the Hurricanes beat the Devils 5-2 on Sunday to take a 3-1 lead in their first-round playoff series.
A 21-year-old son of an NFL assistant coach has taken responsibility for prank-calling former University of Colorado quarterback Shedeur Sanders during the NFL Draft late last week.
Aaron Judge broke a sixth-inning tie in the second game with his eighth home run this season, and the Yankees swept the Blue Jays on Sunday.
CJ Abrams scored the winning run on Pete Alonso's throwing error with one out in the ninth inning, and the Nationals rallied to defeat the Mets 8-7 on Sunday.
Karl-Anthony Towns made a go-ahead 3-pointer with 46.6 seconds left and the New York Knicks beat the Detroit Pistons 94-93 on Sunday to take a 3-1 lead in their first-round playoff series.
New York restaurant leaders and state officials share outrage of renaming of NY Strip Steak
In honor of Arbor Day, Bronx Borough President Vanessa Gibson is calling on more funding for the borough's green spaces and the planting of more trees.
A community of bird lovers in Brooklyn is raising concerns after they say dozens of pigeons vanished from a local park.
The New York City Department of Parks and Recreation has announced plans to ban bikes on the Rockaway Boardwalk during peak hours this summer.
A first-of-its-kind exhibit in Brooklyn features works of art made by people in custody at Rikers Island.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
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."
An overturned vehicle on the FDR Drive northbound side is causing delays for the Monday morning commute in Manhattan.
The president will mark his 100th day in office this week, as new CBS News polls show Americans are primarily concerned with one of his top issues: the economy.
Ulbrich's 21-year-old son, Jax, admitted to prank calling Sanders during the NFL Draft.
Monday marks day 3 of the official nine day mourning period for Pope Francis after his funeral over the weekend. CBS News New York's Derick Waller has the latest.
More than 100 firefighters responded to the scene overnight in Borough Park.
