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Federal Reserve holds rates steady. Here's the financial impact.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
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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.
A new study by the Federal Reserve finds that the Greater Boston labor force is much younger than earlier believed.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
In Boston, thousands turned out to support veterans and their families in the 2024 Run to Home Base at Fenway Park.
Harmony Montgomery's mother Crystal Sorey has asked volunteers to continue the search for Harmony Montgomery, whose remains have never been found.
A recent Massachusetts graduate is heading to college after establishing a legacy of athletics, leadership and service at her high school.
Vice President Kamala Harris is looking at "probably one of the most important processes and decisions that she will make," her campaign manager told CBS News in an exclusive interview in Arizona.
Masataka Yoshida hit a tiebreaking two-run single off Clay Holmes in a three-run eighth inning and the Boston Red Sox beat the reeling New York Yankees 9-7 Friday night.
Harmony Montgomery's mother Crystal Sorey has asked volunteers to continue the search for Harmony Montgomery, whose remains have never been found.
Vice President Kamala Harris is looking at "probably one of the most important processes and decisions that she will make," her campaign manager told CBS News in an exclusive interview in Arizona.
Steward Health Care is closing two of its hospitals in Massachusetts.
It's looking like a great weekend weatherwise in Massachusetts, though you may notice some haze in the sky from wildfires on the west coast.
Big Y and Stop & Shop temporarily closed their delis in the wake of a listeria outbreak linked to deli meat products.
Big Y and Stop & Shop supermarket locations temporarily closed their delis in the wake of a listeria outbreak linked to deli meat products.
If you're thinking of getting a tattoo, a new study shows there's some concern about the safety of tattoo ink.
A new study finds having anxiety may have long-term negative effects on the brain.
There's a new TikTok routine called "the morning shed" that influencers claim will improve the quality of your sleep and skin. But how safe is it?
The number of COVID cases is spiking in Massachusetts as the virus continues to mutate.
The state of Massachusetts is taking action after WBZ-TV I-Team reports revealed that some nursing homes haven't paid their workers for weeks.
After the I-Team went to Blupoint Healthcare's Newton offices, workers got their paychecks. Days later, their banks said the checks were no good.
Blupoint Healthcare employees say their paychecks finally cleared at the bank.
An 84-year-old Navy veteran paid a shop thousands of dollars for a headstone. Two years later he still had nothing, until he reached out to WBZ's Call For Action.
Just days after the judge in the Karen Read case announced a mistrial, lawyers for the Mansfield woman are now looking to dismiss two of the charges against her.
Nine years ago, Boston was in the running to host the 2024 Summer Olympics. So what is the city missing now?
Research showed independents don't like extremism or partisanship.
With Kamala Harris in and Joe Biden out, Donald Trump is now the oldest major-party presidential nominee ever.
Has the news media been too focused on President Joe Biden's age and health, as more Democrats urge him to leave the presidential race?
For undecided voters, Jon Keller said Trump's RNC speech disrupted, at least temporarily, the negative impressions that fuel his unpopularity.
Yankee Candle is laying off about 100 workers in Massachusetts amid a decline in the fragrance business.
Stop & Shop says it will be closing 32 stores this year and eight of them are in Massachusetts.
Thanks in part to an anonymous $5.2 million donation, the West Newton Cinema is likely to be saved from being demolished.
Bob's Stores, a discount clothing retailer with locations in Massachusetts and Connecticut, is going out of business.
Two New England pizza places were named among the best in the country by The New York Times.
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.
A recent Massachusetts graduate is heading to college after establishing a legacy of athletics, leadership and service at her high school.
Masataka Yoshida hit a tiebreaking two-run single off Clay Holmes in a three-run eighth inning and the Boston Red Sox beat the reeling New York Yankees 9-7 Friday night.
Davon Godchaux shared his frustrations -- and desires -- over his contract situation with the Patriots on Friday.
On the third day of practice at Patriots training camp, most of the attention was on the quarterbacks and the relationships blooming in the QB room.
The Red Sox are reportedly bringing left-handed starter James Paxton back to Boston.
An adult black bear and a cub became trapped inside a car in Winsted, Connecticut.
The ice cream trail map highlights Massachusetts shops that use locally produced dairy.
New photos show an endangered North Atlantic right whale that's named after Fenway Park alongside her calf.
A Massachusetts woman got a big surprise when she was checking her lottery tickets.
Dr. Jennifer LaFemina saved a Little League umpire's life while at her son's baseball game in Massachusetts.