Fed lowers interest rates by 0.25 percentage points in third straight cut
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
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The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Investors are betting a divided Federal Reserve will deliver a quarter point rate cut for a third straight time. CBS News New York's Aziza Shuler reports.
The governor says the main mailing phase is now complete.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
The rush for gold continues as economic uncertainty deepens and anxious investors seek a safe haven for their money.
The governor said 8.2 million New Yorkers will receive checks to help ease the burden of rising costs.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
In July inflation rose 2.7% on an annual basis, slightly cooler than economists had forecasted. CBS News Business Analyst Jill Schlesinger breaks down the results and its impact on pricing.
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.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
Gov. Kathy Hochul says they checks of up to $400 are expected to hit the mail this fall.
New York will soon be sending inflation refund checks to eligible residents, Gov. Kathy Hochul says.
Side hustles have become a go-to strategy for Americans looking to stay ahead of inflation. But how do you know which one is right for you?
Ashlee Piper, sustainability expert and author, No New Things joins CBS New York with tips on how to cut down the spending.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
The president issued a 90-day pause on the tariffs for most countries, except China. But as CBS News' Natalie Brand reports, Beijing has signaled a willingness to talk.
Wholesale egg prices are falling, with stores saying they're now lowering prices and easing restrictions. But tariffs could be an issue.
U.S. stocks continue to flail as investors grapple with impact of Trump administration trade war and signs of economic slowdown.
The bird flu is still wiping out poultry flocks, leading to supply shortages. Here's when egg prices could come down, experts say.
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
Its tough news on inflation and according to a new Bankrate survey. One-third of Americans say they have more credit card debt than emergency savings. Bankrate Chief Financial Analyst Greg Mcbride explains the study's findings.
Mary Calvi talks to New York Times bestselling author Sadeqa Johnson about her new novel, "Keeper of Lost Children," based on the stories of mixed-race children abandoned in Germany after World War II.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was last seen on Jan. 31 and was reported missing the following day, Feb. 1.
As construction on New Jersey's Portal Bridge gets underway, NJ Transit and Amtrak riders will see some major changes for the next month.
It's been nearly three weeks since a January snowstorm hit New York City, and many cars still haven't moved.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
It's been nearly three weeks since a January snowstorm hit New York City, and many cars still haven't moved.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
A 17-year-old boy has been arrested in connection to a Bronx shooting that left one teenager dead and two hurt Wednesday.
A man was arrested Saturday after allegedly randomly attacking two women and a teenager in Sunset Park, Brooklyn.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Valentine's Day will be mild in the New York City area, but snow may be on the way to end the weekend.
New Yorkers felt much better on Tuesday as a warm front moved toward the region. But, snow and ice could make for a potentially dangerous evening.
A Cold Weather Advisory is in place through 10 a.m. on Monday for the entire Tri-State Area. As a result, a First Alert Weather Day will be in play for at least part of the day.
A Connecticut man was arrested after allegedly driving drunk in the Bronx and hitting pedestrians on a sidewalk Friday.
As construction on New Jersey's Portal Bridge gets underway, NJ Transit and Amtrak riders will see some major changes for the next month.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Valentine's Day will be mild in the New York City area, but snow may be on the way to end the weekend.
A Palestinian woman who had been living and working in Paterson, New Jersey, suffered a seizure while in ICE custody in Texas, her legal team says.
Gov. Mikie Sherrill said officials expected the Trump administration to release more than $200 million in frozen funds by Friday, but they did not.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Potholes are causing even more crashes on an already dangerous stretch of New York 25 on Long Island, officials say.
Hicksville is New York's first school district to ban e-bikes after alarming statistics revealed at least 12 people, mostly young Long Islanders, died on them in the past three years.
It has been a brutal viral season, but as RSV cases surged in New York, Northwell Health doctors say infant hospitalizations remained down, thanks to a fairly new vaccine.
Nassau County Executive Bruce Blakeman accepted the Republican Party's nomination for New York governor on Wednesday at the GOP convention in Garden City.
President Obama spoke about the "unprecedented nature" of what he said Immigration and Customs Enforcement agents did in Minnesota.
It's the second time in as many weeks that government funding has lapsed as Democrats and the White House remain at an impasse over immigration enforcement policies.
The mayor announced the plan to redesign Fordham Road was back on during a comically tight press conference aboard an MTA bus.
Gov. Mikie Sherrill said officials expected the Trump administration to release more than $200 million in frozen funds by Friday, but they did not.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
New York City Department of Environmental Protection said there was a "significant reduction in water usage" throughout the Big Apple during his show. That changed as soon as his performance ended.
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
LUAR Creative Director Raul López says Lady Gaga's salsa-inspired dress in Bad Bunny's Super Bowl halftime show was a moment of pride for Caribbeans and Latinos.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
The short-handed Indiana Pacers beat the Brooklyn Nets 115-110 on Wednesday night.
Jose Alvarado scored a season-high 26 points and Mikal Bridges added 22 points as the New York Knicks beat the Philadelphia 76ers 138-89 Wednesday night.
Pascal Siakam scored 30 points and the Pacers snapped a four-game losing streak by holding off the Knicks with a 137-134 overtime victory on Tuesday night.
Nic Claxton scored 28 points and had 10 rebounds to lead the Nets to a 123-113 win over the Bulls on Monday night.
Zuby Ejiofor scored six of his 25 points in overtime and No. 17 St. John's outlasted pesky Xavier 87-82 on Monday night at Madison Square Garden.
A Brooklyn community is fighting to turn a forgotten landmark into a heritage center.
Edward R. Murrow High School's new boiler system cuts emissions while doubling as a hands-on sustainability lesson for students.
LUAR Creative Director Raul López says Lady Gaga's salsa-inspired dress in Bad Bunny's Super Bowl halftime show was a moment of pride for Caribbeans and Latinos.
After their building managers were arrested on fraud charges, tenants in Queens say their apartments were left in chaos.
Harlem's Schomburg Center for Research in Black Culture centennial anniversary began last year, and 2026 marks 100 years since the library became owner of its namesake's personal collection, making it a full-fledged research center.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
CBS News New York's John Elliott spends a morning at Pearl River Mart, a family business that dates back to 1971 from Chinatown to SoHo.
New York Times bestselling author Sadeqa Johnson's new novel, "Keeper of Lost Children," is based on the stories of mixed-race children abandoned in Germany after World War II.
Mamdani signed the certificate of incorporation forming the Coney Island Business Improvement District at the entrance to Deno's Wonder Wheel.
Half of millennial couples are signing prenuptial agreements before they get married. Do New Yorkers think love is dead or are people being more practical?
Democratic Gov. Kathy Hochul and Republican Nassau County Executive Bruce Blakeman will go head-to-head in the New York governor's race in November.
