Powell to stay on Federal Reserve board as policy makers hold rates steady
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
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Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
Bankrate Data Analyst Alex Gailey speaks to CBS News New York's Chris Wragge about the 15-month low for home mortgages.
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
CBS News Business Analyst Jill Schlesinger talks with CBS News New York's Cindy Hsu about the potential impact of the Federal Reserve's interest rate decision
CBS News New York's Bradley Blackburn has more on what to expect from the Fed for the rest of the year.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
Smart shopping expert Trae Bodge shares tactics to keep your finances on track even if saving money feels like an uphill battle.
CBS News Business Analyst Jill Schlesinger joins CBS New York to discuss what to expect from the Fed meeting.
Thomas Hayes, Chairman and Managing Member at Great Hill Capital joins CBS New York to preview the fed meeting.
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.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
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.
Thomas Hayes, chairman and managing member at Great Hill Capital, joins CBS New York to discuss the Fed meeting.
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.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
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.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
Just a day after a judge banned most arrests outside Manhattan immigration courts, a man was taken into custody by ICE agents.
New York beat the Cleveland Cavaliers 115-104 in overtime on Tuesday night in Game 1 of the Eastern Conference finals.
The New York Yankees held off the Toronto Blue Jays 5-4 on a 90-degree night Tuesday in the Bronx.
The Washington Nationals rallied from an early five-run deficit Tuesday night to defeat the New York Mets 9-6.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
Just a day after a judge banned most arrests outside Manhattan immigration courts, a man was taken into custody by ICE agents.
Federal agents can no longer make arrests without exceptional circumstances in and around three Manhattan buildings where immigration proceedings occur, a judge ruled.
A New York state lawmaker is trying to nullify a NYC law that requires security gates on storefronts to be mostly transparent.
Fire deaths in New York City are up more than 60% compared to this time last year, data shows.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
Keep an umbrella nearby as there's a chance for showers across the New York and New Jersey area. But the weather will turn to sunshine and warm temperatures for the weekend.
The weather on Wednesday will be a mix of sunshine and clouds with the potential for a shower in New York City. In the evening, rain becomes more widespread.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
A 1.8-magnitude earthquake shook near Gladstone, New Jersey, Tuesday afternoon.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
A jury found Paul Caneiro guilty in February of murdering his brother, sister-in-law, niece and nephew before setting their New Jersey mansion on fire in 2018.
New Jersey wants to help bars and restaurants cash in on the FIFA World Cup by letting them sell more alcohol during the 39-day tournament.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
The Long Island Rail Road is now back up and running after the MTA and unions reached a tentative deal to end the strike.
New York Gov. Kathy Hochul said the MTA and LIRR unions reached "a fair deal" to end the strike after three days.
If history is any indication, the LIRR strike has potential to derail Democratic Gov. Kathy Hochul's bid for reelection.
Federal agents can no longer make arrests without exceptional circumstances in and around three Manhattan buildings where immigration proceedings occur, a judge ruled.
A New York state lawmaker is trying to nullify a NYC law that requires security gates on storefronts to be mostly transparent.
New York City has extended nearly 100,000 3-K and Pre-K offers for the upcoming school year, New York City Mayor Zohran Mamdani and Gov. Kathy Hochul announced Tuesday.
The Long Island Rail Road is now back up and running after the MTA and unions reached a tentative deal to end the strike.
If history is any indication, the LIRR strike has potential to derail Democratic Gov. Kathy Hochul's bid for reelection.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
New York Gov. Kathy Hochul proposed millions to keep the program open, but the reforms would cut reimbursement rates for private duty nurses.
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
American passengers on the MV Hondius cruise ship, which was hit with a deadly outbreak of the hantavirus, are back in the U.S. Three of the at least 10 people confirmed infected in the outbreak have died.
The well-known film critic and journalist Rex Reed has died at 87.
"The Pitt" star Isa Briones is bringing heightened pride and Filipino presence to both stage and screen.
Broadway's "The Book of Mormon" has canceled two weeks of performances following a fire at the Eugene O'Neill Theatre.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
New York beat the Cleveland Cavaliers 115-104 in overtime on Tuesday night in Game 1 of the Eastern Conference finals.
The New York Yankees held off the Toronto Blue Jays 5-4 on a 90-degree night Tuesday in the Bronx.
The Washington Nationals rallied from an early five-run deficit Tuesday night to defeat the New York Mets 9-6.
The New York Yankees survived another shaky performance by David Bednar to beat the Toronto Blue Jays 7-6 Monday night at Yankee Stadium.
The Mets became the first National League team to score at least 10 runs in an extra inning since the 1919 Cincinnati Reds.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
The Second Avenue Subway project has entered phase two of extending the "Q" line, but Harlem businesses say they're struggling to co-exist with the construction.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
For more than four decades, residents living beside Brooklyn's District 13 Sanitation Garage in Coney Island have been waiting for the facility to move away from their homes.
There's a swim club in Harlem teaching kids a lifesaving skill, and they're turning timid swimmers into competitors.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
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.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
New York and New Jersey, as well as other states, stand to benefit from the influx of domestic and international soccer fans. Danielle Zanzalari, an assistant professor of economics at Seton Hall University, explains.
A fire earlier this month shut down the Eugene O'Neil Theater, and performances have been pushed back to May 27.
Benedict Arnold was a hero for the American cause until he sold out the country, providing detailed plans to the British.
Just a day after a judge banned most arrests outside Manhattan immigration courts, a man was taken into custody by U.S. Immigration and Customs Enforcement agents. CBS News New York's Christina Fan reports.
Police say a 15-year-old boy was taken to the hospital after being stabbed in the Bronx. They are now looking for five people.
