Inflation eased to 5% in March, its lowest level in almost 2 years
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
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Stubbornly high prices are continuing to ease, but remain far above Fed's target.
The Fed wants the labor market to cool off so inflation comes down, so what does this suggest about the overall trend for jobs? CBS News Business Analyst Jill Schlesinger breaks things down.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
CBS News business analyst Jill Schlesinger has the latest on inflation and what consumers need to know.
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
Extra SNAP benefits are estimated to have kept 4.2 million people out of poverty.
CBS News Business Analyst Jill Schlesinger is here to talk about the government's latest report on overall economic growth.
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
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.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
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.
Consumer prices are down nationally, but experts said higher prices in our area are not surprising.
Inflation is finally slowing down, CBS2's Alice Gainer reports.
With inflation appearing to slow down nationwide, it means more money will be in your pockets -- even if the Tri-State Area's local report is showing a different outcome. CBS2's John Dias has the details.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Some analysts predict December inflation will be down from the 7.1% in November. CBS2's John Dias reports.
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
Sharp drop in average gas prices signals that this year's breakneck pace of inflation is cooling.
News of inflation easing sent stock soaring, but the price of food is still consistently high, CBS2's Dick Brennan reports.
New data shows things are calming down just a bit. CBS2's John Dias explains why.
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.
We're going to be forced to pay more for almost everything we count on for the holiday, especially the turkey.
The hottest inflation in 40 years is likely to impact everything from your taxes to your retirement contributions.
Doctors say inflation is impacting nutrition as shoppers choose less expensive, often less healthy, options.
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
The leader of a New York City church where pop star Sabrina Carpenter filmed scenes for a music video has been stripped of his duties.
The New York City Council Committee on Civil and Human Rights voted to declare Nov. 30 Shirley Chisholm Day.
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.
The New York City Council Committee on Civil and Human Rights voted to declare Nov. 30 Shirley Chisholm Day.
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.
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.
The leader of a New York City church where pop star Sabrina Carpenter filmed scenes for a music video has been stripped of his duties.
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.
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."
Monsignor Jamie Gigantiello has been stripped of his duties at the Annunciation of the Blessed Virgin Mary Church in Williamsburg.
New York City will honor pioneering Congresswoman Shirley Chisholm. The City Council Committee on Civil and Human Rights voted to declare Nov. 30 Shirley Chisholm Day.
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.
