Fed Chair Jerome Powell signals path to rate cuts at Jackson Hole
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
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Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
CBS News Business Analyst Jill Schlesinger joins CBS New York to discuss what to expect from the Fed meeting.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
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.
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.
Thomas Hayes, chairman and managing member at Great Hill Capital, joins CBS New York to discuss the Fed meeting.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
As Americans face record high prices, President Biden has laid out a plan to get inflation under control. Natalie Brand reports for CBS2.
It happened just before 6:30 a.m. at 101st Street near First Avenue.
The list is out of the most popular baby names in New York City.
A 10-year-old boy is recovering after being attacked for throwing a snowball in Brooklyn.
It's a First Alert Weather Day as a mixture of snow and rain move through the Tri-State Area Tuesday morning.
George Conway, a conservative lawyer turned vocal critic of President Trump, has filed paperwork for a bid to represent New York City in the House.
It happened just before 6:30 a.m. at 101st Street near First Avenue.
The list is out of the most popular baby names in New York City.
A 10-year-old boy is recovering after being attacked for throwing a snowball in Brooklyn.
It's a First Alert Weather Day as a mixture of snow and rain move through the Tri-State Area Tuesday morning.
Last-minute Christmas tree shoppers can always expect a better deal as sellers look to unload them right before the holiday.
It's a First Alert Weather Day as a mixture of snow and rain move through the Tri-State Area Tuesday morning.
We have issued a First Alert Weather Day Tuesday as travel could be impacted due to slick roads, especially north and west of the city.
Snow and rain will return to the New York City area before Christmas. Parts of the Tri-State Area have winter weather advisories.
Today is a First Alert Weather Day as heavy rain and 50-60 mph wind gusts cause coastal flooding, downed trees and power outages.
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.
It's a First Alert Weather Day as a mixture of snow and rain move through the Tri-State Area Tuesday morning.
Totowa Police Chief Carmen Veneziano appeared in a Massachusetts court and denied allegations he assaulted his girlfriend at a hotel.
A Kearny man faces a host of charges after allegedly fatally shooting another man with a bow and arrow over the weekend.
We have issued a First Alert Weather Day Tuesday as travel could be impacted due to slick roads, especially north and west of the city.
Police say they were called to a home in Kearny, N.J., on Saturday night after receiving a report that a man fatally shot another man with a bow and arrow.
It's a First Alert Weather Day as a mixture of snow and rain move through the Tri-State Area Tuesday morning.
We have issued a First Alert Weather Day Tuesday as travel could be impacted due to slick roads, especially north and west of the city.
After deliberating for more than a week, the jury in Linda Sun's trial said they could not reach a unanimous verdict on any of the 19 counts.
Snow and rain will return to the New York City area before Christmas. Parts of the Tri-State Area have winter weather advisories.
Researchers on Long Island say they've found physical evidence of PTSD in World Trade Center first responders.
George Conway, a conservative lawyer turned vocal critic of President Trump, has filed paperwork for a bid to represent New York City in the House.
The Justice Department early Tuesday released more than 11,000 additional documents and photos from the Jeffrey Epstein files. Follow live updates here.
Democratic Sen. Richard Blumenthal is pushing for more information on a White House ballroom project championed by President Trump, sending letters to the project's architect and some fundraising dinner attendees.
The NYC Department of Environmental Protection made its most expensive property acquisition ever to avoid spending billions to filter the city's water supply.
New York City Mayor-elect Zohran Mamdani will be sworn in by two prominent Democrats on New Year's Day.
A spike in measles cases in Rockland County has New York health officials urging families to get vaccinated.
Researchers on Long Island say they've found physical evidence of PTSD in World Trade Center first responders.
In New York, cases of flu, RSV and COVID have spiked since Thanksgiving.
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.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
A judge Friday voided the conviction of one of the two men found guilty of the 2002 killing of Run-D.M.C. star Jam Master Jay.
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 Mets jettisoned another core player Monday, trading second baseman Jeff McNeil to the Athletics for minor league right-hander Yordan Rodriguez.
Filip Forsberg and Steven Stamkos scored, Justus Annunen made 16 saves and the Predators beat the Rangers 2-1 on Sunday night.
Josh Norris and Zach Benson scored in the second period and the Sabres beat the Devils 3-1 on Sunday night for their sixth straight win.
Michael Porter Jr. scored 24 points, Noah Clowney added 19 and the Nets beat the Raptors 96-81 on Sunday night.
Jalen Brunson scored a season-high 47 points and the Knicks overcame Karl-Anthony Towns' quiet night to beat the Heat 132-125 on Sunday.
Nine Brooklyn Football Club partner bars are collecting shelf-stable food and winter coats to benefit 10 local schools.
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
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.
A pedestrian was killed and four others were hurt when a garbage truck hit scaffolding in East Harlem early Tuesday morning.
The list is out of the most popular baby names in New York City.
Investigators said a man slammed the boy's head into the rear windshield of a parked car after an argument.
The latest release from the Department of Justice appears to be its largest one to date, with more than 11,000 files, including hundreds of videos.
CBS News New York's Noelle Lilley spoke with travelers at Newark Liberty International Airport trying to get away for Christmas.
