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.
The Nationals returned to .500 for the second time since the season's first week Wednesday night with an 8-4 victory over the Mets.
New Jersey Gov. Mikie Sherrill declared a state of emergency because freezing temperatures this spring damaged crops at local farms.
A woman, her mother and her daughter have all been charged in connection a child's death on Long Island.
NJ Transit rail service into and out of Penn Station New York resumed Wednesday night after a brush fire caused a suspension.
Police on Long Island are now using a roadside saliva test that can detect marijuana use and other drugs in minutes.
A woman, her mother and her daughter have all been charged in connection a child's death on Long Island.
NJ Transit rail service into and out of Penn Station New York resumed Wednesday night after a brush fire caused a suspension.
Police on Long Island are now using a roadside saliva test that can detect marijuana use and other drugs in minutes.
The shocking incident sparked questions about just how widespread manhole complaints are across New York City.
Last month, Mayor Zohran Mamdani vetoed the controversial "buffer zone" bill for protests outside of New York City schools. City Council Speaker Julie Menin is now trying to make changes to keep the mayor from vetoing it again.
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 Jersey Gov. Mikie Sherrill declared a state of emergency because freezing temperatures this spring damaged crops at local farms.
NJ Transit rail service into and out of Penn Station New York resumed Wednesday night after a brush fire caused a suspension.
A Jersey Shore community had to implement a curfew and use its public alert system to tell residents to take shelter after authorities say several hundred teenagers and young adults came to the beachfront for a pop-up gathering.
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.
A woman, her mother and her daughter have all been charged in connection a child's death on Long Island.
Police on Long Island are now using a roadside saliva test that can detect marijuana use and other drugs in minutes.
The MTA is moving forward with refunds for thousands of LIRR commuters who were left dealing with three days of service disruptions as workers went on strike.
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.
Last month, Mayor Zohran Mamdani vetoed the controversial "buffer zone" bill for protests outside of New York City schools. City Council Speaker Julie Menin is now trying to make changes to keep the mayor from vetoing it again.
Former Cuban leader Raúl Castro was indicted by a U.S. grand jury in connection with the Cuban military's fatal downing of two planes in 1996 — an escalation in the U.S. pressure campaign against the Cuban government.
New York City Mayor Zohran Mamdani, Police Commissioner Jessica Tisch and Gov. Kathy Hochul were all on hand Wednesday morning to officially launch a split of the Bronx into two separate police boroughs, called Bronx North and Bronx South.
A New York City watchdog group is urging the Manhattan District Attorney to open an investigation into federal charges that were dropped against former Mayor Eric Adams.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
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.
Friday at 11 p.m. will be the final sign-off for CBS News Radio, home of the "World News Roundup" and several generations of the best in the business.
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.
The Nationals returned to .500 for the second time since the season's first week Wednesday night with an 8-4 victory over the Mets.
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.
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.
With the price of gas, food and other services all soaring, the cost of vacation is top of mind. Kris Van Cleave takes a look at just how much more expensive that summer trip may be this year.
Rudy Giuliani's son says his father is doing great after being hospitalized in critical condition with pneumonia earlier this month.
The NYPD said three officers were taken to a local hospital after responding to an apartment fire in Queens on Wednesday.
A brush fire near one of the Hudson River Tunnels has suspended NJ Transit rail service into and out of Penn Station New York.
CBS News New York's Scott Padgett has your First Alert Forecast for May 20 at 8 p.m.
