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.
Jayson Tatum scored a season-high 43 points, grabbed 16 rebounds and dished out 10 assists for his third career triple-double and the Boston Celtics beat the Chicago Bulls 123-98 on Saturday night.
Morgan Geekie scored a tiebreaking, power-play goal with 1:45 left in regulation, and the Boston Bruins beat Buffalo 3-1 on Saturday night, sending the Sabres to their 13th straight loss.
Holiday shoppers his the malls on Saturday to get last-minute gifts and a little bit of holiday cheer.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
The NBA fined the Boston Celtics coach $35,000 on Saturday "for aggressively pursuing and directing inappropriate language toward a game official" at the end of his team's loss to the Chicago Bulls on Thursday night.
At Boston's Logan Airport holiday travel traffic and icy runways caused long lines and big delays.
Slow zones on the T are no more. The final slow zones were removed from the Green Line on Friday.
The stopgap measure will fund the government and provide tens of billions in disaster relief.
More than four inches of snow fell in several towns in eastern Massachusetts.
A Braintree woman started a non-profit that pays for service members' flights home in exchange for two or three days of community service.
Minnesota Vikings legend Randy Moss will step away from his broadcasting role at ESPN "to focus on a personal health challenge," the network announced Friday.
If beauty products are on your Christmas list this year, one Massachusetts doctor is urging you to check labels for ingredients that may be hazardous to your health.
Jon Keller says an unholy union of clever tech and cultural dreck have turned brain rot into a global plague.
Minnesota Vikings legend and NFL Hall of Famer Randy Moss said he is "battling something internal" and asked for prayers on Sunday.
A new program in Boston is trying to improve the labor and delivery experience for expectant Black mothers and mothers of color, who often find their voices aren't always heard by hospital staff.
If you carry a credit card balance, beware. You'll be paying a lot more for those Christmas gifts due to rising interest rates.
A family visiting Boston left behind a videotape with precious memories in their rental car.
A Cape Cod woman reached out to the I-Team's Call for Action after struggling to get her health insurance provider to approve an overnight hospital stay for a major surgical procedure.
Detective Lieutenant Brian Tully was disciplined for failing to supervise investigators who sent inappropriate text messages during Karen Read's investigation.
WBZ-TV's I-Team has uncovered a third attempted land grab by thieves in Massachusetts, this time in West Yarmouth.
How do you keep political drama from poisoning important relationships during the holidays?
Consumers haggle over the price of big-ticket items like homes and cars. So should they also bargain over the cost of college tuition?
Jon Keller says an unholy union of clever tech and cultural dreck have turned brain rot into a global plague.
Boston City Councilor Ed Flynn joined WBZ-TV this week for a one-on-one interview for Sunday's "Keller At Large."
Jon Keller has his annual list of turkeys in the Boston area for Thanksgiving 2024.
Holiday shoppers his the malls on Saturday to get last-minute gifts and a little bit of holiday cheer.
A romance bookstore - the first in the Boston area - has opened its doors in Cambridge, giving fans of the genre the chance to revel in romantic reads.
Ocean State Job Lot announced this week it is taking over another Christmas Tree Shops location, this one in North Attleboro.
Massachusetts is getting closer to allowing pot cafes and other sites for social marijuana consumption.
Bertucci's has closed its Swampscott restaurant, leaving only 15 locations in Massachusetts.
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.
Jayson Tatum scored a season-high 43 points, grabbed 16 rebounds and dished out 10 assists for his third career triple-double and the Boston Celtics beat the Chicago Bulls 123-98 on Saturday night.
Morgan Geekie scored a tiebreaking, power-play goal with 1:45 left in regulation, and the Boston Bruins beat Buffalo 3-1 on Saturday night, sending the Sabres to their 13th straight loss.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
The NBA fined the Boston Celtics coach $35,000 on Saturday "for aggressively pursuing and directing inappropriate language toward a game official" at the end of his team's loss to the Chicago Bulls on Thursday night.
The New England Patriots will not have Marcus Jones for Sunday's game against the Bills.
A dog trainer in Massachusetts managed to create the perfect "dog nativity scene" that's going viral on social media.
Good Samaritans came to the rescue of a 20-year-old blind cat who was seen floating on a piece of ice in Westford.
The Mount Washington Observatory shared photos of staff members hanging ten on "rime ice" formations.
A unique ATM tree in Greenfield, Massachusetts was hit by thieves in a heist.
An "odd couple" at an Animal Rescue League shelter in Boston is looking for a new home together.