Inflation falls for the first time since April 2020
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
Watch CBS News
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
Overall, the numbers show slight progress year-over-year, but holiday shoppers are still feeling the pinch. CBS New York's Jill Schlesinger is here with more.
Many feel worse off than their parents' generation as income isn't keeping up.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis 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.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
CBS News' Business Analyst Jill Schlesinger joins us to explain why economists were wrong when they thought we were heading for a recession.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
CBS News Business Analyst Jill Schlesinger joins us to break down the results.
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Inflation has come down dramatically since peaking last summer, so where did things stand in July?
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
We sit down with CBS News Business Analyst Jill Schlesinger to discuss the impact on consumers.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
As reporter Danya Bacchus tells us, many items are higher again this year, but some staples are actually down.
Many items are even more expensive this year, while some staples are actually cheaper, CBS New York's Danya Bacchus reports.
Inflation has been slowing down in recent months, did that trend continue in May? We ask CBS News Business Analyst Jill Schlesinger to find out.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
A recent study found one in four Americans cut back on or completely stopped putting money away for retirement because of inflation concerns. Chris Fucci, managing director of Three Generations Financial, says that could seriously derail your financial future.
Coffee chain says the charge is necessary because the cold juice drinks are more expensive to make when not diluted.
The U.S. goverment just released the latest report on inflation, and CBS News Business Analyst Jill Schlesinger is here to break it all down.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
CBS Business Analyst Jill Schlesinger breaks down the latest inflation numbers.
Arthur Frommer, whose "Europe on 5 Dollars a Day" guidebooks revolutionized leisure travel by persuading average Americans to take budget vacations abroad, has died. He was 95.
Jalen Brunson had 26 points and 11 assists, leading the Knicks to a 134-106 win over the reeling Wizards on Monday.
Yankees right-hander Luis Gil captured the AL Rookie of the Year Award on Monday, edged Baltimore's Colton Cowser.
Leaders in Nassau and Suffolk counties rolled out a strategy Monday to try and stop congestion pricing.
Prosecutors rested their case Monday in the trial of Daniel Penny, the Marine veteran charged in the chokehold death of Jordan Neely on board a subway train last year.
Yankees right-hander Luis Gil captured the AL Rookie of the Year Award on Monday, edged Baltimore's Colton Cowser.
Leaders in Nassau and Suffolk counties rolled out a strategy Monday to try and stop congestion pricing.
Prosecutors rested their case Monday in the trial of Daniel Penny, the Marine veteran charged in the chokehold death of Jordan Neely on board a subway train last year.
New York City and 10 other counties are now under a drought warning. The Big Apple had previously been under a drought watch.
Random stabbings in New York City on Monday left three people dead. Police believe the attacks were all carried out by the same suspect, who faces murder charges.
It looks like the Tri-State Area will get a substantial soaking of rain later this week, something it definitely needs due to the risk of wildfires.
The risk of wildfire development will remain elevated across the Tri-State Area through the next several days.
A Red Flag Warning is in effect today across the entire Tri-State Area until 6 p.m.
Service is finally restored after a transformer explosion and fire along Amtrak tracks in the Bronx caused service suspensions throughout the region Tuesday and Wednesday.
A Red Flag Warning is back in effect for much of New York, New Jersey and Connecticut, as the fire threat remains high.
New Jersey Rep. Mikie Sherrill, a Democrat, says she is running for governor in 2025.
Orange County, New York is dealing with an extended state of emergency due to the ongoing Jennings Creek wildfire.
It looks like the Tri-State Area will get a substantial soaking of rain later this week, something it definitely needs due to the risk of wildfires.
Hundreds of delays at Newark Liberty International Airport on Saturday resulted from air traffic control staffing problems.
The risk of wildfire development will remain elevated across the Tri-State Area through the next several days.
Leaders in Nassau and Suffolk counties rolled out a strategy Monday to try and stop congestion pricing.
A cellphone company worker says he was attacked by a Long Island law enforcement officer while doing his job.
It looks like the Tri-State Area will get a substantial soaking of rain later this week, something it definitely needs due to the risk of wildfires.
Stony Brook residents are calling for the restoration of the centuries-old Mill Pond, which was drained and destroyed during a torrential storm in August.
A Rockville Centre police detective faces hate crime charges following an incident in Manorville, prosecutors said Wednesday.
Leaders in Nassau and Suffolk counties rolled out a strategy Monday to try and stop congestion pricing.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
New Jersey Rep. Mikie Sherrill, a Democrat, says she is running for governor in 2025.
The MTA board voted to approve Gov. Kathy Hochul's revamped New York City congestion pricing plan today.
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Gov. Kathy Hochul on Tuesday announced a $150 million investment in a new state-of-the-art cell and gene therapy hub to be built on Long Island.
Dozens of New York and New Jersey schools are impacted by a recall of meat and poultry products potentially contaminated with listeria.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
Sean "Diddy" Combs has tried to reach out to prospective witnesses and sway public opinion from jail in NYC to influence potential jurors in his sex trafficking trial, prosecutors say.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Six Flags announced it shut down the Kingda Ka and Green Lantern roller coasters to make way for two new rides including The Flash coaster.
John Krasinski is People magazine's Sexiest Man Alive for 2024. The magazine announced the actor-writer-director as its pick during "The Late Show with Stephen Colbert."
Jalen Brunson had 26 points and 11 assists, leading the Knicks to a 134-106 win over the reeling Wizards on Monday.
Yankees right-hander Luis Gil captured the AL Rookie of the Year Award on Monday, edged Baltimore's Colton Cowser.
The New York Giants are benching quarterback Daniel Jones and fan-favorite Tommy DeVito will start against the Tampa Bay Buccaneers this week, the team announced Monday.
Jonathan Quick stopped 24 shots for his second straight shutout as the New York Rangers beat the Seattle Kraken on Sunday night.
Karl-Anthony Towns had 26 points and 15 rebounds, and the Knicks completed a weekend sweep of the Nets with a 114-104 victory on Sunday.
Families in Central Harlem will soon settle into their new homes at Marcus Garvey Village, which also brings free gathering spaces to the community and an LGBTQ center.
The Hispanic Society's new exhibit traces how different cultures influenced the women of Spain as they found their own voices throughout history.
Brooklyn transit riders are worried about an ongoing proposal to cut bus stops as part of a redesign project.
A Long Island man's life savings were stolen from his bank account, and he says he's been waiting a year to get it back.
As work is being completed on a six-block stretch of the Ocean Parkway Greenway, cyclists say the rest of the bike path is overdue for upgrades.
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."
The MTA board on Monday fast-tracked Gov. Kathy Hochul's plan to to finance mass transit with congestion pricing, rubber-stamping her plan to charge drivers a fee to enter Manhattan's Central Business District. CBS News New York's Derick Waller reports.
Police said a 51-year-old homeless man, identified as Ramon Rivera, was apprehended following the third attack and has been charged with three counts of first degree murder. CBS News New York's Christina Fan reports.
Looks like we may finally get some much-needed rain later this week. CBS News New York's Tony Sadiku has a look at the First Alert Weather forecast.
CBS News New York's Lonnie Quinn says we'll see sun and clouds on Tuesday and Wednesday before the rain moves in on Thursday.
While not yet mandatory, the city is asking that residents conserve water and is offering tips on how to do so. CBS News New York's Dick Brennan reports.
