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.
John Harbaugh, recently fired by the Baltimore Ravens, figures to be high on Giants' head coach wish list this offseason.
John Pillaccio, accused in the fatal stabbing of a CVS employee on Long Island on Christmas Day, appeared before a judge on Wednesday.
An ICE officer fatally shot a woman Wednesday morning in south Minneapolis, according to the Department of Homeland Security.
The new dietary guidelines recommend limits on added sugars and mention gut health. Here's what to know.
The U.S. carried out operations Wednesday to seize the oil tankers Marinera and Sophia, officials announced.
John Pillaccio, accused in the fatal stabbing of a CVS employee on Long Island on Christmas Day, appeared before a judge on Wednesday.
The annual festival will return to Queens this summer, running from June 5-7 at Flushing Meadows-Corona Park.
Theater fans get the opportunity to buy 2-for-1 tickets to 26 Broadway shows.
It will feel more like March than January.
So far, there have been no arrests, although police are speaking with a person of interest.
It will feel more like March than January.
While Tuesday may have some bumps, the trend is toward milder, more pleasant weather.
You'll want to bundle up Monday in the New York City area for a chilly start to the week before wetter, milder weather arrives midweek.
We're stuck in the freezer Friday as temperatures will struggle to get out of the 20s in the Tri-State Area.
The first morning of 2026 featured a few rounds of snow across the Tri-State Area.
It will feel more like March than January.
A potentially deadly and drug-resistant fungus is spreading nationwide, including New York and New Jersey.
Convicted serial killer Richard Cottingham recently confessed to a 60-year-old New Jersey cold case murder, police said.
Police shot and killed a man armed with a machete who confronted them Monday evening in Piscataway, New Jersey, authorities said.
The Marine Mammal Stranding Center said a dead whale, tentatively identified as a Fin whale, was found on the bow of a ship at the Gloucester City marine terminal.
John Pillaccio, accused in the fatal stabbing of a CVS employee on Long Island on Christmas Day, appeared before a judge on Wednesday.
It will feel more like March than January.
Roughly 17,000 nurses across eight hospitals in New York City and Long Island could take to the picket line as soon as next Monday.
A Long Island travel agent with Destiny Travel is accused of defrauding people out of tens of thousands of dollars.
A federal judge on Tuesday approved a settlement that will overhaul New York's broken children's mental health system, after many were left waiting for care, at times, for years.
An ICE officer fatally shot a woman Wednesday morning in south Minneapolis, according to the Department of Homeland Security.
The U.S. carried out operations Wednesday to seize the oil tankers Marinera and Sophia, officials announced.
Gov. Kathy Hochul and Mayor Zohran Mamdani find themselves on opposite sides of one of the most closely watched congressional races in the nation.
A federal judge on Tuesday approved a settlement that will overhaul New York's broken children's mental health system, after many were left waiting for care, at times, for years.
Mayor Zohran Mamdani said the city must develop a plan that implements a law banning prolonged solitary confinement in city jails.
A potentially deadly and drug-resistant fungus is spreading nationwide, including New York and New Jersey.
Brooklyn-based Maimonides Health is merging with NYC Health + Hospitals, New York City health leaders announced.
New Jersey state health officials are warning of potential measles exposures at Newark Liberty International Airport before Christmas.
Thousands of new flu cases in New York led to a 38% jump from the previous week, according to state health officials.
A spike in measles cases in Rockland County has New York health officials urging families to get vaccinated.
The annual festival will return to Queens this summer, running from June 5-7 at Flushing Meadows-Corona Park.
Theater fans get the opportunity to buy 2-for-1 tickets to 26 Broadway shows.
Here are the significant books, films and characters joining the list of works in the public domain on Jan. 1, 2026.
Here's what to know about the lineup of performances scheduled for New Year's Eve, as crowds gather in Times Square to ring in 2026.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
John Harbaugh, recently fired by the Baltimore Ravens, figures to be high on Giants' head coach wish list this offseason.
The Islanders handed the Devils a second consecutive defeat, routing them 9-0 on Tuesday night.
Sean Durzi scored 1:06 into overtime and the Mammoth beat the Rangers 3-2 on Monday night for their second win in three games.
Cade Cunningham had 29 points and 13 assists as the Detroit Pistons beat the New York Knicks 121-90.
Joe Schoen will return as New York Giants general manager after getting a vote of confidence from owners John Mara and Steve Tisch.
Student athletes at a high school in Queens have won both state and national video game championships.
Thousands of teachers across New York are participating in a statewide campaign demanding pension reform.
For the 48th year, El Museo del Barrio hosted a parade in East Harlem for Three Kings' Day.
City officials credit Project Restore, a paid mentorship and therapy initiative, with helping cut violence in Bed-Stuy and offering young men a path away from gangs.
Drumming, dance and hands-on workshops marked the 18th year the Brooklyn Children's Museum is hosting what leaders call New York City's largest family Kwanzaa festival.
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 business analyst Jill Schlesinger talks about how to protect our loved ones from scams.
CBS News New York's John Elliott says temperatures are above average, nearing 50.
Thousands of nurses at eight of the biggest hospitals in New York and across Long Island could go on strike if a new contract agreement is not in place.
The Trump administration created new dietary guidelines. Department of Health and Human Services Secretary Robert F. Kennedy called it the "most significant change" in American nutrition policy history.
Theater fans get the opportunity to buy 2-for-1 tickets to 26 Broadway shows. Broadway Week runs from Jan. 20 through Feb. 12.
