Federal Reserve keeping interest rates the same, for now
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?
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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 recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
The overall rate was up 3.2% in February, with gas and shelter accounting for nearly 60% of that rise. CBS News Business Analyst Jill Schlesinger breaks things down.
CBS News Business Analyst Jill Schlesinger joins us to discuss the results.
CBS News Business Analyst Jill Schlesinger walks us through the results and explains why the Federal Reserve prefers this report, when it comes to inflation.
The federal government just released the January employment report, which blew past economists' expectations.
A decision on interest rates could be announced today as the Fed wraps up its first meeting of the new year.
New government data shows the economy ended 2023 on a stronger note than anticipated. With GDP growth rates exceeding forecasts in the last two quarters, CBS News business analyst Jill Schlesinger breaks down what these figures mean.
CBS News Business Analyst Jill Schlesinger joins us to explain what happened.
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.
CBS News Business Analyst Jill Schlesinger joins us to explain what it means for your wallet.
CBS News Business Analyst Jill Schlesinger explains why the year was a resilient one for the U.S. labor market.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
The statewide minimum wage is set to increase by $1 to $15.13 per hour.
It's called the subscription economy, when people pay recurring fees for various services, like entertainment apps or news sites. Experts tell CBS New York's John Dias the end of the year is a great time to check on how much you're actually spending.
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
The monthly report signals hiring remains stronger than many economists had forecast, while the jobless rate dipped to 3.7%.
With just weeks to go before the end of the year, a little bit of time and focus could help you make or save money, CBS News Business Analyst Jill Schlesinger explains.
Holiday online shopping off to a strong start as retailers roll out larger discounts to tempt cash-strapped consumers.
Black Friday marks the heart of the holiday spending season, so what can consumers and retailers expect this year? CBS News Business Analyst Jill Schlesinger is here to explain.
Most people say they'd need a significant pay raise and considerable wealth to achieve contentment, a new poll shows.
CBS News Business Analyst Jill Schlesinger gives us a sense of where things stand and what's ahead in this so-called last mile.
A $2 bill with a red seal can sell for $300 to $2,500. Those with brown or blue seals can sell for hundreds.
CBS News Business Analyst joins us in the studio to discuss the results.
Pitcher Sean Manaea is set to return to the New York Mets on a 3-year, $75 million contract, a person familiar with the agreement says.
NYC is facing the coldest weather in a while, and New York and New Jersey could be in for a White Christmas with snow on the way.
Luigi Mangione pleaded not guilty Monday to state charges in the murder of UnitedHealthcare CEO Brian Thompson.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
NYC is facing the coldest weather in a while, and New York and New Jersey could be in for a White Christmas with snow on the way.
Luigi Mangione pleaded not guilty Monday to state charges in the murder of UnitedHealthcare CEO Brian Thompson.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
A woman died after she was set on fire aboard the New York City subway on an F train in Brooklyn, police say.
Don't let the sunny skies fool you as dangerously cold weather settles into New York, New Jersey and Connecticut.
NYC is facing the coldest weather in a while, and New York and New Jersey could be in for a White Christmas with snow on the way.
Don't let the sunny skies fool you as dangerously cold weather settles into New York, New Jersey and Connecticut.
Expect jam-packed airports and highways in the New York City area as the holiday travel season kicks into high gear.
New York City congestion pricing is facing a last-ditch effort in federal court to delay the Jan. 5 implementation new tolls in Manhattan.
Snow and frigid temperatures set in across the Tri-State Area on Saturday, the first day of winter.
NYC is facing the coldest weather in a while, and New York and New Jersey could be in for a White Christmas with snow on the way.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
Don't let the sunny skies fool you as dangerously cold weather settles into New York, New Jersey and Connecticut.
Expect jam-packed airports and highways in the New York City area as the holiday travel season kicks into high gear.
Party City announced mass layoffs at its headquarters in Woodcliff Lake, New Jersey, according to an email sent to employees.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
Don't let the sunny skies fool you as dangerously cold weather settles into New York, New Jersey and Connecticut.
Expect jam-packed airports and highways in the New York City area as the holiday travel season kicks into high gear.
A new law in Suffolk County allows police to arrest spectators at street takeovers, not just drivers at the illegal meetups.
The FAA issued a temporary flight restriction for drones over New York City, Long Island and parts of Westchester County. The restrictions are in effect until January 19.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
Over half of Americans see the drones that have been spotted over the East Coast as a threat to the U.S.
NYPD Chief of Department Jeffrey Maddrey has resigned following a bombshell allegation of sexual misconduct on the job.
A woman who lost her jaw after being caught in a crossfire in Ukraine can smile again thanks to transformative surgery in New York.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
New York Congressman-elect George Latimer expects "major pushback" to Robert F. Kennedy Jr.'s potential vaccine policy if he heads Donald Trump's Health and Human Services Department.
A breakthrough treatment is making a huge difference for stroke survivors, improving hand and arm function, and their quality of life.
CBS News New York's Cindy Hsu's mental illness did not stop her. Now, she's highlighting hope and solutions.
Sean "Diddy" Combs was back in federal court in Lower Manhattan on Wednesday for a pretrial hearing.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.
The annual gala at the John F. Kennedy Center for the Performing Arts features personalized tributes with performances and testimonials from fellow artists.
Pitcher Sean Manaea is set to return to the New York Mets on a 3-year, $75 million contract, a person familiar with the agreement says.
Matthew Stafford threw an 11-yard touchdown pass to Tyler Higbee early in the fourth quarter and the Rams beat the Jets 19-9 on Sunday.
Drew Lock threw a pair of pick-6s as the Giants lost their franchise-record 10th straight game, 34-7 to the Falcons on Sunday.
The Rangers lost for the 12th time in their last 16 games with a 3-1 defeat to the visiting Hurricanes on Sunday.
Jalen Brunson scored 29 of his season-high 39 points in the second half to power the Knicks to a 104-93 victory over the Pelicans on Saturday night.
As Hanukkah approaches, the Brooklyn organization is in a race against time to deliver gifts to children battling illnesses.
Mets owner Steve Cohen's Metropolitan Park casino complex proposal has picked up steam after gaining the Queens borough president's approval.
Parts of the MTA's emergency exit infrastructure are in a hazardous state of disrepair, according to a new audit report.
The Riverside Church of New York announced this week plans to close its Weekday School after 95 years of caring for local children.
Neighbors living in communities without subway stops say congestion pricing has caused many to consider leaving New York City.
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."
Luigi Mangione appeared in a New York court and pleaded not guilty to start murder and terrorism charges. Watch team coverage from CBS News New York's Alice Gainer and Lisa Rozner.
CBS News New York's Traffic Reporter Guy Staniar has an update on conditions for the Monday commute.
Congestion pricing is facing several legal challenges ahead of its anticipated start date on Jan. 5, 2025 in Manhattan.
Luigi Mangione is due in a New York courtroom to face state charges in the murder of UnitedHealthcare CEO Brian Thompson. CBS News New York's Derick Waller reports.
CBS News New York's Tony Sadiku has the latest weather forecast.
