by the federal chair. fed chair based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at three rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david russell at trade station believes that this is the right call telling mejerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. in other news, now to other stories making headlines. b
Headquarters in new york. Im brook silvabraga in for annemarie green. At least 12 people were killed including a child when a fastmoving fire moved through an apartment in new york. Its the deadliest in at least 25 years. The fire broke out last night and witnesses say the fire engulfed the building within 45 minutes. John schiumo is there, good morning. Reporter good morning to you. Its described as historic in its magnitude. 12 dead, four critically injured. The cause remains unknown. Flames ripped through an Apartment Building in the bronx last night. It quickly became one of the most devastating fires in recent new york city history. This is the worst fire tragedy we have seen city in at least a quarter century. Reporter fire Officials Say it started quickly on the first floor and quickly spread. Windows on some of the top floors were smash and blackened. Firefighters responded within minutes. Witnesses say even before help arrived people inside were scrambling to climb down. Peopl
Headquarters in new york. Im brook silvabraga in for annemarie green. At least 12 people were killed including a child when a fastmoving fire moved through an apartment in new york. Its the deadliest in at least 25 years. The fire broke out last night and witnesses say the fire engulfed the building within 45 minutes. John schiumo is there, good morning. Reporter good morning to you. Its described as historic in its magnitude. 12 dead, four critically injured. The cause remains unknown. Flames ripped through an Apartment Building in the bronx last night. It quickly became one of the most devastating fires in recent new york city history. This is the worst fire tragedy we have seen in this city in at least a quarter century. Reporter fire Officials Say it started quickly on the first floor and quickly spread. Windows on some of the top floors were smash and blackened. Firefighters responded within minutes. Witnesses say even before help arrived people inside were scrambling to climb dow
Three minutes. They immediately extended their ladders to help residents on every floor. Witnesses say even before help arrived people inside were scrambling to climb down. They were trying to get everybody out, but people on the fire escape were already trying to get down on their own. Thats how fast it was. Reporter complicating a rescue effort for more than 150 firefighters who responded, the weather. The weather at the time was in the low teens, Single Digits with the windchill. Many of those who had to rush out of their homes were forced to flee without fully getting dressed. It was like freezing point. It was worse for people who werent dressed appropriately, no shoes or any of that. Reporter the red cross responded with blankets. City buses were brought in to keep people warm. Now, fire fatalities typically increase in december and january here in new york, the cold weather months. The Fire Departments warn residents about space heaters, power strips, the use of candles, making
Good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. At least seven people were injured when a Louisiana Oil rig exploded. Rescue boats are scouring t ini ponchartrain. It exploded last night. The platform is used to transfer oil. Cleaning chemicals reportedly ignited on the rig, and its unclear if oil is leaking into the lake. And this morning firefighters say they are finally making some progress against the Deadly Wildfires that have ravaged Northern California. Some of the evacuation orders have been lifted but the danger is far from over. At least 40 deaths are blamed on the files and 5,700 homes and buildings have been destroyed. Seth lem p has more. Good morning, seth. Good morning, annemarie. Now as people are getting the allclear to return home, theyre not finding much to go back to. Its been one week since massive wildfires started burning their way through Northern California. Fire Officials Say they bel