Federal Reserve cuts key interest rate by a quarter of a percentage point
CBS News New York's Bradley Blackburn has more on what to expect from the Fed for the rest of the year.
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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.
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.
Two incidents in New York City during Hanukkah have Jewish communities on edge and calling for the condemnation of hate.
President Trump's speech Wednesday night looked back on his first year and ahead to the next three. He touted new military bonuses, his tariffs and economic policies in a brief address.
The union representing bus dispatchers says critical systems inside the MTA's bus command center repeatedly failed, but the transit agency is pushing back on those claims.
Luke Weaver has agreed to a $22 million, two-year contract with the Mets, a person familiar with the negotiations told The Associated Press on Wednesday.
An audit by New York City Comptroller Brad Lander reveals thousands upon thousands of complaints about the NYC school buses.
Two incidents in New York City during Hanukkah have Jewish communities on edge and calling for the condemnation of hate.
The union representing bus dispatchers says critical systems inside the MTA's bus command center repeatedly failed, but the transit agency is pushing back on those claims.
An audit by New York City Comptroller Brad Lander reveals thousands upon thousands of complaints about the NYC school buses.
The Davis Center in Harlem is now open for its first winter season after technical delays.
Pope Leo XIV is expected to name Bishop Ronald Hicks of Joliet, Illinois, to succeed retiring Timothy Cardinal Dolan as archbishop of New York, sources briefed on the transition say.
Thursday will bring even more relief, with highs near 50° and a taste of early spring in December. But don't get too comfortable—changes are brewing.
Some of the highest totals were on Long Island and in New Jersey, where greater than 6 inches of snow was measured.
A large water main break in Waterbury, Connecticut, is impacting tens of thousands of residents.
Bitterly cold temperatures are causing icy road conditions, including black ice, Monday morning in the Tri-State Area.
Survivors of the 2012 Sandy Hook school shooting, families and lawmakers gathered in Washington, D.C., on Thursday to honor the lives lost and continue calls for action to end gun violence.
The remains of Dulce Maria Alavez, who went missing in 2019, have not been found, despite a fake report on social media, officials said Wednesday.
Thursday will bring even more relief, with highs near 50° and a taste of early spring in December. But don't get too comfortable—changes are brewing.
A celebration of the upcoming FIFA World Cup was held Tuesday at the Gateway Center in Newark, featuring a former great player for the U.S. Men's National Team.
If you're heading out, watch your step—black ice could make things tricky.
Davenport currently serves as the first assistant attorney general, a position she previously held from 2018-2020. She also worked as the acting attorney general's principal law enforcement advisor.
Thursday will bring even more relief, with highs near 50° and a taste of early spring in December. But don't get too comfortable—changes are brewing.
Hundreds of schools across New York, including dozens on Long Island, have to take old water fountains and taps out of commission.
If you're heading out, watch your step—black ice could make things tricky.
Fortunately, the rail was fixed just before 8 a.m., leading to service getting back on track.
The Jewish community of Sydney, Australia has deep connections to the Tri-State Area. Many on Long Island spoke fondly on Monday about victims they knew.
President Trump's speech Wednesday night looked back on his first year and ahead to the next three. He touted new military bonuses, his tariffs and economic policies in a brief address.
An audit by New York City Comptroller Brad Lander reveals thousands upon thousands of complaints about the NYC school buses.
The measure would give terminally ill adults who have less than six months to live an option to have a doctor prescribe them a lethal medication mixture.
Mamdani announced Jahmila Edwards as Director of Intergovernmental Affairs and Catherine Almonte Da Costa as Director of Appointments.
The House has passed a GOP health care bill that does not include an extension of Affordable Care Act tax credits.
There are at least 500 sudden and unexpected deaths in the city each year, and in roughly a fifth of those cases, a genetic cause can be detected.
UnitedHealthcare and NewYork-Presbyterian have roughly two weeks to reach an agreement or thousands of Medicare Advantage members could be forced to find care elsewhere.
Connecticut is dealing with its first measles case since 2021, after a child, who is not vaccinated, contracted the virus while traveling internationally.
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
New York has no plans to change hepatitis B vaccine guidance after a Centers for Disease Control advisory panel voted to stop recommending a first dose for newborns.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
Jake and Romy Reiner released a statement on Wednesday, remembering their parents, Rob Reiner and Michele Singer Reiner, as their best friends.
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
Nick Reiner appeared in court on Wednesday on two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
Bronx drill rapper Kay Flock, whose real name is Kevin Perez, was sentenced to 30 years in prison Tuesday.
Luke Weaver has agreed to a $22 million, two-year contract with the Mets, a person familiar with the negotiations told The Associated Press on Wednesday.
The Knicks rallied to beat Victor Wembanyama and the Spurs 124-113 on Tuesday night to win the NBA Cup.
Alex DeBrincat scored two power-play goals in the third period as the Detroit Red Wings beat the New York Islanders 3-2.
The league-worst Vancouver Canucks defeated the New York Rangers 3-0 on Tuesday night.
A celebration of the upcoming FIFA World Cup was held Tuesday at the Gateway Center in Newark, featuring a former great player for the U.S. Men's National Team.
The Davis Center in Harlem is now open for its first winter season after technical delays.
After losing his mother to a stroke in 2022, a Brownsville native is turning personal grief into a grassroots foundation, offering counseling and mentorship to children and young adults.
A Brooklyn startup and a national nonprofit are teaming up to turn everyday mail lockers into easy donation hubs, delivering thousands of toys to hospital rooms this holiday season.
The city is sharing new details about the historic $1 billion investment announced for the Coney Island Boardwalk, the largest in its century-long history
New York City officials have secured long-awaited funding to restore the 102-year-old Coney Island boardwalk.
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 has your First Alert Forecast for December 17 at 11 p.m.
Police in Sparta Township, New Jersey, rescued a dog from an icy lake Wednesday.
A driver slammed into a commercial building in Springfield, New Jersey, on Wednesday, creating a hole in the wall. The driver was arrested for suspicion of driving under the influence, officials said.
It's the end of an era for the Archdiocese of New York. We're expected to hear Thursday that Pope Leo has accepted the resignation of Timothy Cardinal Dolan as archbishop. CBS News New York's Jenna DeAngelis has reaction and details on who's expected to replace him.
Hanukkah is feeling heavy for the Jewish community in New York City. Just this week, two Jewish men say they became the targets of separate antisemitic attacks. CBS News New York's Adi Guajardo reports.
