Federal Reserve holds interest rates steady, but trims growth outlook
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
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Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
Ted Rossman, Bankrate Senior Industry Analyst joins CBS New York to preview what we can expect from this week's Federal Reserve meeting.
Vivian Tu, money influencer, CEO and founder of Your Rich BFF Media joins CBS New York to break down what Millennials and Gen Zers need to know about the Fed's rate cut.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
CBS News business analyst Jill Schlesinger breaks down why the federal reserve made the decision to cut its benchmark interest rate and what this means for the economy.
The Fed announced Wednesday that it reduced rates by half a percentage point, which is more than expected. It's the first cut in more than four years, and it's welcome news for millions of Americans, especially home buyers. CBS News New York's Christine Sloan explains.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Thomas Hayes, chairman and managing member at Great Hill Capital, joins CBS New York to discuss the Fed meeting.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
The federal reserve announced on Wednesday that interest rates will go unchanged this month but financial analysts signal a cut is on the horizon. Bankrate chief financial analyst, Greg McBride, joins CBS News New York to break down the decision.
The federal reserve announced on Wednesday that interest rates will go unchanged this month but financial analysts signal a cut is on the horizon. Bankrate chief financial analyst, Greg McBride, joins CBS News New York to break down the decision.
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?
CBS News Business Analyst Jill Schlesinger walks us through the results and explains why the Federal Reserve prefers this report, when it comes to inflation.
The average American carries an estimated $6,000 in debt, but Rachel Lauren, founder of Debbie app, says there are ways to dig out.
A decision on interest rates could be announced today as the Fed wraps up its first meeting of the new year.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
The Federal Reserve has decided to leave interest rates unchanged for now, but there's potential relief for borrowers -- rate cuts could come in the new year. CBS New York's Dick Brennan has more on Wednesday's announcement. Read more: https://cbsloc.al/48cKhnO
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
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.
CBS News New York's housing reporter Ali Bauman has an exclusive look at new ways New York City is trying to crack down on unsafe construction job sites.
Karl-Anthony Towns scored 31 points, Jalen Brunson had 30 and the New York Knicks held on for a 118-116 win over the Detroit Pistons on Thursday night to take a 2-1 lead in the first-round series.
The New York Jets selected Missouri offensive tackle Armand Membou with the No. 7 overall pick in the NFL draft.
Federal prosecutors on Thursday filed a formal notice of intent to seek the death penalty for Luigi Mangione in the murder of UnitedHealthcare CEO Brian Thompson.
Former Penn State edge rusher Abdul Carter was selected third overall in the 2025 NFL draft on Thursday night by the New York Giants.
CBS News New York's housing reporter Ali Bauman has an exclusive look at new ways New York City is trying to crack down on unsafe construction job sites.
Federal prosecutors on Thursday filed a formal notice of intent to seek the death penalty for Luigi Mangione in the murder of UnitedHealthcare CEO Brian Thompson.
While some say the end of the Las Vegas Sands casino deal is a win, the Nassau County executive said there's interest from other bidders.
A first-of-its-kind exhibit in Brooklyn features works of art made by people in custody at Rikers Island.
After a leaked Trump administration budget draft showed cuts to the suicide prevention hotline dedicated to helping LGBTQ+ youth, advocates in New York are sounding the alarm.
Easter Sunday looks great, as the sun will stick around, but temperatures will be more more comfortable in the upper 60s.
The stock market's wild ride is having an impact on families who use a 529 college savings account, a tax-free way for parents to save for educational expenses.
The man who said his stepmother held him captive for two decades has released his first public statement.
Wind gusts between 30-45 mph will persist into Wednesday across the Tri-State Area
The UConn women's basketball team celebrated its NCAA championship with a victory parade Sunday in downtown Hartford.
New York City isn't the only area impacted by the wildfire smoke from Ocean County, N.J. A hazy sky hovered over the entire region.
Joseph Kling, 19, is charged with arson in the Ocean County, N.J. wildfire that has scorched more than 15,000 acres.
The Jones Road Wildfire in Ocean County, N.J. is now considered a case of arson sparked by an unattended bonfire, authorities say.
Legislation that impacts multiple parts of the agriculture industry is in jeopardy in Congress.
The Jones Road Wildfire in Ocean County, New Jersey, forced thousands to evacuate their homes, but the evacuation orders were lifted Wednesday morning.
While some say the end of the Las Vegas Sands casino deal is a win, the Nassau County executive said there's interest from other bidders.
The developer who planned to turn Long Island's Nassau Coliseum site into a casino has pulled the plug on the project.
Police on Long Island have released the identities of a mother and child whose remains were found near Gilgo Beach nearly three decades ago.
President Trump says a Long Island high school should be allowed to keep their Native American mascot, going against a statewide ban that went into effect in 2023.
Disgraced former Rep. George Santos sent a lengthy letter to the judge set to sentence him on Friday as prosecutors seek a seven year sentence.
After a leaked Trump administration budget draft showed cuts to the suicide prevention hotline dedicated to helping LGBTQ+ youth, advocates in New York are sounding the alarm.
Columbia University activist Mahmoud Khalil's attorneys are asking an immigration judge to terminate his deportation case.
The NYC Council passed the Helicopter Oversight Act, which bans certain nonessential flights unless operators make safety upgrades.
New York Attorney General Letitia James' lawyer says mortgage fraud allegations against her are "improper political retribution" by Trump administration officials.
Federal layers seeking to kill New York City congestion pricing said they mistakenly filed a memo admitting flaws in the Trump administration's case.
After a leaked Trump administration budget draft showed cuts to the suicide prevention hotline dedicated to helping LGBTQ+ youth, advocates in New York are sounding the alarm.
Doctors in New York City were able to save the lives of three children with one heart transplant. Here's how.
A grieving family in Queens wants answers after a young woman died two weeks after giving birth to twins. They believe it was due to complications with her C-section, but say the hospital is not giving them any answers.
A Long Island woman accused of forging vaccination records of students did not appear in court for her arraignment.
Is fluoride actually good or bad for you? Dr. Mallika Marshall answers common questions about fluoride.
Harvey Weinstein's retrial started with opening statements in NYC, five years after the original was a catalyst in the #MeToo movement.
Opening statements are set for Wednesday in former movie mogul Harvey Weinstein's rape retrial.
The world famous Radio City Rockettes are holding auditions in New York City Tuesday.
Sean "Diddy" Combs was back in court Friday as a judge denies to delay his sex trafficking and racketeering trial by two months.
The Frick Collection, housed in a luxurious Gilded Age mansion on Fifth Avenue, reopened after the museum's five-year renovation.
Karl-Anthony Towns scored 31 points, Jalen Brunson had 30 and the New York Knicks held on for a 118-116 win over the Detroit Pistons on Thursday night to take a 2-1 lead in the first-round series.
The New York Jets selected Missouri offensive tackle Armand Membou with the No. 7 overall pick in the NFL draft.
Former Penn State edge rusher Abdul Carter was selected third overall in the 2025 NFL draft on Thursday night by the New York Giants.
The New York Giants, who endured one of the worst seasons in franchise history last year, had the third overall pick in the 2025 NFL Draft and acquired the 25th overall pick in a trade with the Houston Texans.
The New York Jets, who will look to rebuild after a hugely disappointing season, have eight picks in the 2025 NFL Draft starting tonight.
A first-of-its-kind exhibit in Brooklyn features works of art made by people in custody at Rikers Island.
New York City Mayor Eric Adams announced a $5.5 million investment to expand free swimming lessons to children in the city.
A powerful new campaign from a Brooklyn organization pairs music with memory, honoring Holocaust survivors this Yom HaShoah.
Preston High School in the Bronx will remain open for years to come, Attorney General Letitia James announced Tuesday.
NYCHA is transitioning its doors to electronic key fobs, but tenants at Queensbridge South tell us they don't work.
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."
Last August, the former congressman entered a guilty plea to charges of wire fraud and identity theft.
A 19-year-old is facing arson charges after prosecutors say he started a bonfire that sparked the blaze in South Jersey. CBS News New York's Christina Fan reports from Lacey Township.
Mangione will be arraigned on federal charges Friday, as prosecutors file their intent to seek the death penalty. CBS News New York's Elijah Westbrook has the latest.
CBS News New York's Tony Sadiku has the latest weather forecast.
CBS News New York's Rob Marciano has your First Alert Forecast for April 24 at 11 p.m.
