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.
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?
A decision on interest rates could be announced today as the Fed wraps up its first meeting of the new year.
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Inflation has cooled from the high levels seen in 2022, but monthly necessities like rent and auto insurance have skyrocketed this year. CBS News' Jo Ling Kent has more on the rise in costs and what that means for the economy.
The Dow Jones closed at a record high Wednesday. It was a major milestone fueled by the Federal Reserve decision to leave interest rates unchanged for now, but rate cuts could come in the new year. CBS New York's Dick Brennan has more on the fed announcement. Read more: https://cbsloc.al/48cKhnO
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
CBS News' Business Analyst Jill Schlesinger joins us to explain why economists were wrong when they thought we were heading for a recession.
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.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
With real estate season in full swing, we hear from CBS News Business Analyst Jill Schlesinger for a look at the current market.
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.
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.
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.
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 Mets' rally was all for naught as a five-run 11th inning lifted the Astros to a 10-5 win on Sunday.
Politics was on the minds of many at the annual New York City Pride March on Fifth Avenue on Sunday.
The Yankees left Toronto with a split of their four-game series against the Blue Jays with an 8-1 win on Sunday.
Therése Gedda, who has been advising CEOs for more than 20 years, weighs in on whether the traditional office will become extinct one day.
The state attorney general is investigating the shooting of Nyah Mway, who was born in Myanmar and is a member of its Karen ethnic minority.
Politics was on the minds of many at the annual New York City Pride March on Fifth Avenue on Sunday.
Therése Gedda, who has been advising CEOs for more than 20 years, weighs in on whether the traditional office will become extinct one day.
Sunday was expected to be the busiest day of the summer travel season, but severe thunderstorms have caused delays and cancelations.
New video shows the suspects police are searching for in a brutal baseball bat attack last week in New York City.
The Dalai Lama, Tibet's 88-year-old spiritual leader, underwent a knee replacement surgery on Friday at the Hospital for Special Surgery on Manhattan's Upper East Side.
Severe thunderstorms are sweeping through New York, New Jersey and Connecticut today, with the chance of an isolated tornado. See the latest weather maps and live radar.
A tractor-trailer accident on I-95 in Greenwich, CT had southbound lanes backed up for the morning commute.
Severe thunderstorms moved through New York and New Jersey on Wednesday evening, causing widespread power outages and other damage.
U.S. News & World Report released its 2024 college rankings Tuesday, and some Tri-State Area schools ranked among the best in the world.
Parts of New Jersey are back under a heat advisory Wednesday.
Sunday was expected to be the busiest day of the summer travel season, but severe thunderstorms have caused delays and cancelations.
Severe thunderstorms are sweeping through New York, New Jersey and Connecticut today, with the chance of an isolated tornado. See the latest weather maps and live radar.
With a 15% fare hike for NJ Transit riders set to go into effect Monday, commuters protested Friday outside the agency's headquarters, saying they've been plagued with service delays and cancellations.
Court documents reveal disturbing new details in the case of a mother accused of drowning her two young children in Lakewood, New Jersey.
New Jersey police arrested Junior Nunez, 33, on Friday morning after issuing an Amber Alert for a 2-year-old boy from Paterson.
Severe thunderstorms are sweeping through New York, New Jersey and Connecticut today, with the chance of an isolated tornado. See the latest weather maps and live radar.
Long Island police said Steven Schwally, 64, was drunk and speeding when he crashed an SUV into a nail salon Friday, killing an off-duty NYPD officer and three other people.
At least four people were killed and nine injured when a driver crashed through the front of a nail salon on Long Island.
A pocket watch that belonged to President Theodore Roosevelt is back in its rightful place. The 126-year-old cherished possession has been recovered after being stolen from an exhibit in 1987.
Nearly half a dozen suburban freshman Republicans in New York have targets on their backs as Democrats hope to take control of the House after the November elections.
Politics was on the minds of many at the annual New York City Pride March on Fifth Avenue on Sunday.
Some Democrats question Biden's ability to campaign in the 2024 presidential election, divide over whether he should be the nominee, after voters say Trump won debate.
Negotiations went down to the wire, but Mayor Eric Adams and the New York City Council agreed on a $112.4 billion budget that will go into effect Monday.
The New Jersey Democrat and his wife are accused of accepting gold bars, a Mercedes and cash in exchange for using his political influence to help three businessmen and two foreign governments.
President Biden and former President Donald Trump squared off for the first presidential debate of the election season. Watch highlights and key moments here.
The New York City Virus Hunters are getting their hands dirty to find out which little birdies might be carrying a deadly disease in Central Park.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
The advisory issued by Dr. Vivek Murthy came as the U.S. grappled with another summer weekend marked by deadly mass shootings.
One bill being fast-tracked would make abortions free in New Jersey by eliminating co-pays.
A beloved Queens DJ, known for his selfless generosity, is himself in need of support as he seeks a kidney donor.
From the moment she first began appearing at the side of John F. Kennedy Jr., Carolyn Bessette became one of the most photographed women in the world. Her personal style continues to have an impact 25 years following her death.
Mets infielder José Iglesias performed his song "OMG" live at Citi Field after the team's 7-2 win over the Houston Astros.
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
The original 1997 illustration for the front of the first Harry Potter book has set a record for Potter-themed memorabilia on the auction block.
"CBS News 24/7," a daily flagship show featuring live reporting from CBS News and Stations' local-to-global newsrooms, brings viewers a dynamic and immersive news experience.
The Mets' rally was all for naught as a five-run 11th inning lifted the Astros to a 10-5 win on Sunday.
The Yankees left Toronto with a split of their four-game series against the Blue Jays with an 8-1 win on Sunday.
Cameron Harper scored late in the second half to rally New York to a 2-2 draw with D.
Alex Bregman put Houston ahead with a two-run single in the eighth inning and the surging Astros rallied from five runs down for a 9-6 victory over the New York Mets.
The Yankees, who won Friday to snap a season-worst four-game losing streak, lost for the 10th time in their past 13 games.
Queens residents who lost their homes in an apartment building fire six months ago say they are again searching for somewhere to live as their temporary housing agreements expire.
The New York City Virus Hunters are getting their hands dirty to find out which little birdies might be carrying a deadly disease in Central Park.
Lillian Wong of Queens is trying to solve the mystery of money being withdrawn from her dead son's bank account.
A commercial stretch along 86th Street in Bensonhurst has become a hotbed of illegal vending, according to Councilwoman Susan Zhuang.
Environmental groups in the South Bronx say the neighborhood is feeling the worst of the heat and humidity because of air pollution.
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.
CBS New York's Vanessa Murdock has the latest on lingering severe weather in the Tri-State Area on Sunday night.
President Biden is vowing to stay in the race, despite the poll finding voters widely believe Donald Trump won the debate. CBS New York's Jessica Moore reports.
The Hostages Families Forum hosted Sunday's event at 90th Street and Central Park West, and read the names of every hostage still in captivity, 268 days later. CBS New York's Jessica Moore reports.
Sunday's march happened 55 years after an uprising against police at the Stonewall Inn in the West Village, sparking a global LGBTQ rights movement. CBS New York's Derick Waller reports.
CBS New York's Jessica Moore has the story.