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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.
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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?
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 average American carries an estimated $6,000 in debt, but Rachel Lauren, founder of Debbie app, says there are ways to dig out.
A decision on interest rates could be announced today as the Fed wraps up its first meeting of the new year.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
The Federal Reserve has decided to leave interest rates unchanged for now, but there's potential relief for borrowers -- rate cuts could come in the new year. CBS New York's Dick Brennan has more on Wednesday's announcement. Read more: https://cbsloc.al/48cKhnO
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
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.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
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.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
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.
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.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
The economy shrank again in the second quarter, fueling debate about whether or not the country is in a recession. CBS News reports.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
Self-driving shuttles are being tested out at John F. Kennedy International Airport. Right now, there are two shuttles, which transport people to and from their cars and the AirTrain.
Amazon Prime Day 2024 has ended, but there are still great deals to be had a popular laptops.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
The City Council passed a bill into law on Thursday that addresses two pieces of dress code legislation in New York City schools.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
Self-driving shuttles are being tested out at John F. Kennedy International Airport. Right now, there are two shuttles, which transport people to and from their cars and the AirTrain.
The City Council passed a bill into law on Thursday that addresses two pieces of dress code legislation in New York City schools.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
Protesters returned to the site of a future homeless shelter in Brooklyn for the second day in a row Thursday.
There were long hours of cleanup Thursday after powerful winds and hundreds of lightning strikes slammed the northern suburbs. One man got the fright of his life when lightning struck just feet away.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
Severe weather moved through parts of the Tri-State Area amid another heat wave Tuesday, causing widespread damage.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
Despite many calls to resign, convicted Sen. Bob Menendez says he's staying put.
Heat-related cancellations and delays continued Thursday on NJ Transit lines, prompting anger from riders.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
Sen. Bob Menendez is refuting reports that he's planning to resign after he was convicted on federal bribery charges.
Pressure is mounting on convicted felon Bob Menendez to resign from the U.S. Senate, but not everyone thinks he will.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
Officials in Hempstead are warning beach goers about recent shark sightings and rough seas.
Nassau County Executive Bruce Blakeman signed a a controversial transgender athlete ban Monday which passed last month by the Nassau County legislature along party lines.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
The City Council passed a bill into law on Thursday that addresses two pieces of dress code legislation in New York City schools.
Trump would also lead Harris. Voters say both Biden and Trump encouraged national unity after assassination attempt against Trump.
Despite many calls to resign, convicted Sen. Bob Menendez says he's staying put.
Heat-related cancellations and delays continued Thursday on NJ Transit lines, prompting anger from riders.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
At least two cases of measles have been found in people staying at a New York City-run shelter for migrants in Brooklyn.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A first responder on Long Island is said to be the first in the country, outside a clinical trial, to undergo a life-saving surgery for peripheral artery disease.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Run-DMC's Darryl McDaniels will headline this weekend's free SummerStage concert at Flushing Meadows-Corona Park in Queens.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
Josef Martínez scored two second-half goals to help CF Montreal rally for a 2-2 tie with the New York Red Bulls.
Mounsef Bakrar and Talles Magno each scored a second-half goal to help New York City FC rally and play Atlanta United to a 2-2 tie.
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martínez's 112th-minute goal.
Fans appeared to breach the security gates at Hard Rock Stadium hours before the Copa America final between Argentina and Colombia.
Michael Toglia hit three of the Rockies' six homrs in an 8-5 win over the Mets on Sunday.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
It's a tradition that dates back to 1887. Worshippers in Brooklyn paraded through the streets, a beloved Italian tradition.
Yehuda Beinin said his daughter was held in two different homes in Gaza for 54 days.
The New York City Department of Environmental Protection is installing seven miles of porous pavement in Brooklyn.
CBS New York first reported in April that drivers were illegally parking cars in a grassy area alongside a bike lane under the Queensboro Bridge. Since then, community members say they've seen little improvement.
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."
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.
Pro-Palestinian protesters marched to Washington Square Park Thursday after police set up barricades to prevent them from gathering inside Grand Central Terminal.
Self-driving shuttles are being tested out at John F. Kennedy International Airport, but not everyone is ready to trust the new technology. CBS New York's Kristie Keleshian gives us a closer look at the Port Authority's pilot program.
If you go to a Mets game on any given weekend, you could catch a heartwarming moment. It's a tradition that's been going on for 40 years, and CBS New York's Steve Overmyer shows us why it's so special.
If your kids are sitting at home this summer with not enough to do, camp may still be an option. Some public colleges on Long Island are hosting weekly camps that are more affordable and flexible. CBS New York's Carolyn Gusoff reports from Nassau Community College.
New York City Councilmember Susan Zhuang said she doesn't believe she should have been arrested after she allegedly bit an NYPD official during a protest in Brooklyn on Thursday. CBS New York's Alecia Reid reports.