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.
The latest National Youth Poll out of the Harvard Kennedy School's Institute of Politics paints a bleak picture of young voters.
Three Massachusetts lawmakers have met with a Tufts student being detained by ICE at a detention center.
The New England Botanic Garden at Tower Hill in Boylston says a $250,000 grant has been canceled.
A mother out for a hike with her family has died after falling at Purgatory Chasm in Sutton.
The brass of the Boston Bruins held court with reporters on Thursday, promising much better days are ahead for the franchise.
Peggy O'Keefe spoke publicly about her son's death for the first time during the Karen Read trial Wednesday.
A mother out for a hike with her family has died after falling at Purgatory Chasm in Sutton.
Three Massachusetts lawmakers have met with a Tufts student being detained by ICE at a detention center.
A GoFundMe fundraising page for one of the Concord-Carlisle High School students killed in a crash was apparently fraudulent.
The New England Botanic Garden at Tower Hill in Boylston says a $250,000 grant has been canceled.
Surgeons at Mass Eye and Ear have found a creative way to make their skin cancer patients look good as new.
Is fluoride actually good or bad for you? Dr. Mallika Marshall answers common questions about fluoride.
Tufts University researchers are looking at ways to reduce racial disparities in maternal health care.
Tony's Chocolonely is recalling some products after consumers reported finding "small stones" in the chocolate bars.
An experimental Alzheimer's treatment from Boston researchers may be able to treat both dementia and depression symptoms.
A man in Revere, Massachusetts spent thousands of dollars on a new refrigerator, but he says the door was defective.
Despite paying her insurance company $125,000 in premiums, a 92-year-old's claim was initially denied.
The I-Team has learned the department installed new technology in 233 of its cruisers that is designed to prevent collisions.
The FBI's Boston office is issuing a warning after a series of I-Team investigations into stolen land scams.
The hood of a Stoneham woman's 2015 Nissan Altima flew open while she was driving on Route 93.
The latest National Youth Poll out of the Harvard Kennedy School's Institute of Politics paints a bleak picture of young voters.
Mike Kennealy told WBZ-TV he's focused on the future of the state and not on President Donald Trump's policies.
A new poll from UMass Amherst shows the toll President Trump's policies have taken on public opinion of his administration.
A professor from Babson College said the Massachusetts economy could be looking at hard times ahead.
"We are heading in a dangerous direction," said Massachusetts Attorney General Andrea Campbell.
The Easter Sunday holiday means some grocery stores and retailers are closed today in Massachusetts, while others are open.
Edaville in Carver, Massachusetts will continue its Christmas and holiday lights tradition as King Richard's Faire moves in.
Vanson has manufactured leather goods in Massachusetts for over 50 years and the company sells their products around the world.
Ford Motor Company announced a promotion to give all customers their employee discount.
The Ground Round has started serving customers again in Shrewsbury.
The Wadsworth Atheneum Museum of Art in Hartford features roughly 50,000 works of art spanning over 5,000 years.
Chef Megan Vaughan shows how to prepare a steakhouse quality meal right from your own kitchen.
Rachel Holt heads to New Hampshire to visit the owner of an architectural salvage company, Nor'east Architectural Antiques.
Known for his handcrafted wooden signs, Paul Kukstis has carved a name for himself around Scituate Harbor.
Host Rachel Holt talks with their CEO about their distinct connection to Newport and what sets them apart as a "brewstillery."
The brass of the Boston Bruins held court with reporters on Thursday, promising much better days are ahead for the franchise.
Jayson Tatum is likely going to miss his first playoff game ever Wednesday night, with the Boston Celtics superstar listed as doubtful for Game 2 against the Orlando Magic at TD Garden.
The 2025 NFL Draft is nearly upon us, and we'll soon find out what the New England Patriots will do with the No. 4 overall pick.
Triston Casas hit a 3-run home run to help lead the Red Sox over the Mariners.
Payton Pritchard had been named the NBA's Sixth Man of the Year after an exceptionally productive season off the Boston Celtics bench.
The New England Aquarium says there was an "extremely unusual sighting" of right whales in the Bahamas.
Crews snapped a photo of a rare weather phenomenon known as a "snow devil" on New Hampshire's Mount Washington.
Video captured what it looks like for Mount Washington crews to do their jobs in the face of 100 mph winds.
At the Broomstones Curling Club in Wayland, people of all ages are bonded through the increasingly popular sport.
A UMass student who was initially denied a $10,000 prize after making a half-court shot will be getting the money after all.