Fed lowers rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
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The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The Federal Reserve raised interest rates by one quarter of a percentage point at its meeting today. CBS News political correspondent Caitlin Huey-Burns, CBS News contributor and managing editor for business and markets for Axios Javier David, and host of "TheStreet" J.D. Durkin joins us with more on the impact and the reaction.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
It is the fourth straight month the Federal Reserve has increased the interest rate by ¾ of a point.
WBZ-TV's Brandon Truitt reports.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
"Extraordinary" rate hike comes on the heels of another sharp increase in June. That means debt is about to get more expensive.
WBZ-TV's David Wade breaks down what the Federal Reserve's interest rate hike means for you.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
A blogger has come up with a way to get people to save more: zero dollar days.
The Federal Reserve raised a key interest rate to a quarter of a percent Wednesday, marking the end of a decade of near-zero rates.
Federal Reserve chairwoman Janet Yellen "felt dehydrated at the end of a long speech under bright lights" Thursday in Massachusetts and was seen by medical personnel as a precaution, the Fed said in a statement.
According to the National Council on Aging, more than 13 million older adults are considered economically insecure, living on less than $22,000 a year.
The financial choices in our lives are overwhelming. It's become a lot more complicated and involves a lot more planning than it used to.
Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman, has withdrawn from consideration, the White House said Sunday.
According to The Fair Isaac Company, 37% of consumers who use credit cards carry more than $10,000 of debt.
The latest Federal Reserve numbers from January has revolving consumer debt at $851 billion dollars.
An 84-year-old woman says she is still in excruciating pain more than two weeks after she fell on an MBTA escalator.
Ballot Question 5 left Massachusetts voters with a choice - should the state raise the minimum wage for tipped workers?
Ballot Question 2 on the future of MCAS exams has been one of the most contentious issues in Massachusetts during the 2024 election.
Here's what to know about how the Electoral College works for the presidential election in Massachusetts.
Elizabeth Warren, seeking a third term in the U.S. Senate, is facing Republican John Deaton in the Massachusetts election.
Tuesday is Election Day. So where can you cast your vote in Massachusetts?
What time can you vote on Election Day in Massachusetts? Here's all you need to know.
Who will win the 2024 presidential election between Donald Trump and Kamala Harris when results come in? See the latest updates and stream live coverage here.
As has been a tradition for decades in New Hampshire, voters in the tiny resort town of Dixville Notch kicked off Election Day at the stroke of midnight.
New Hampshire voters select their next governor on Tuesday, choosing between Republican Kelly Ayotte and Democrat Joyce Craig.
Young or old, Democrat or Republican, a majority of Americans say this presidential election is stressing them out.
Researchers at a Massachusetts hospital have discovered a new sign that could indicate whether someone has a concussion and it's literally a shaking of the head.
Several hospitals have failed to come to an agreement with the second-largest health insurer in Massachusetts, Point32Health.
McDonald's has stopped selling the popular product in some states as an investigation into the cause of the bacteria continues.
President Biden is visiting New Hampshire on Tuesday to tout his health care achievements and put focus on his policy legacy.
Some Winthrop residents are pushing back against a law requiring Massachusetts communities with T access to allow the development of multifamily units to help with the housing crunch. All of it now could soon be up to voters to decide.
A Springfield man says he gave police evidence that points to another suspect in the Boston Strangler investigation - not Albert DeSalvo.
A Plymouth man says that fraudsters tried to steal his home out from under him, just one week after WBZ's I-Team reported on a similar scam in Concord.
In the wake of Enrique Delgado-Garcia's death following a boxing training exercise with the Massachusetts State Police, the I-Team uncovered a similar case decades ago where a recruit died after excessive police training.
Relief may be on the way for hundreds of drivers in Massachusetts, who lost their commercial driver's licenses due to violations from decades ago.
John Deaton said he believes Sen. Elizabeth Warren is creating divisiveness in the state
While polls show inflation and the economy are the top issues for voters in New Hampshire, another topic is dominating the ad wars - abortion.
Boston Mayor Michelle Wu reached an agreement with business leaders last week on a temporary tax rate increase on commercial properties.
Young or old, Democrat or Republican, a majority of Americans say this presidential election is stressing them out.
Do Massachusetts Democrats believe Ed Markey should step aside for a younger voice in the U.S. Senate? Chairman Steve Kerrigan weighs in.
Seven Stop & Shop stores in Massachusetts will be closing permanently on Oct. 31.
A small group of loyal customers gathered in Weston Saturday morning to thank a pharmacist who is relocating as Walgreens closes the location where he served the community for almost three decades.
Meta is set to launch a new plan using facial recognition technology to prevent online scams at the start of next year.
The owner of the New Hampshire coffee shop believes it will cost them more than a million dollars to move and buy another property.
An old Christmas Tree Shops location in Massachusetts will be turned into a "Spirit Christmas" store.
Host Rachel Holt talks with their CEO about their distinct connection to Newport and what sets them apart as a "brewstillery."
Newport's Castle Hill Inn is one of the area's most coveted destinations offering visitors spectacular views, luxurious accommodations, and unique dining experiences.
Founded in 2014 with a mission of preserving, celebrating and sharing automotive history, the Audrain Automobile Museum is a must-stop destination for both car enthusiasts and Newport visitors alike.
Host Rachel Holt joins Prezza Mixologist Craig Carpenter in Boston's North End for a hot new twist on a classic cocktail that's bound to be the next big hit.
Chef Delphin Gomes joins host Rachel Holt in the test kitchen to show off his latest creations and the art of merging design with chocolate.
NFL Trade Deadline day is upon us, and the New England Patriots might be pretty active before the buzzer sounds at 4 p.m.
Jayson Tatum scored 26 of his 28 points in the first half, and the Boston Celtics routed the Atlanta Hawks 123-93 on Monday night for their third straight win.
Red Sox legend Luis Tiant is one step closer to getting into the Baseball Hall of Fame in Cooperstown.
Jerod Mayo said there were multiple factors why the Patriots didn't go for two-points at the end of regulation in Tennessee.
If the season ended today, the Patriots would own the No. 1 overall pick in the 2025 NFL Draft.
The Lizzie Borden House in Fall River has landed on USA Today's Top 10 list of the best haunted hotels.
New York City is officially legalizing jaywalking. Is it time for Boston to do the same?
Boston is looking to give new life to the historic bear dens in Franklin Park.
The massive comet that's starting to become visible in the night sky won't stick around for too long.
The northern lights have been very active in 2024. An expert explains why it could continue for months to come.