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.
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.
As the holiday weekend comes to an end, traffic and backups from Boston's Sumner Tunnel closure are expected to get worse.
A motorcyclist died from heat exposure while visiting Death Valley National Park as the temperature there reached 128 degrees this weekend.
Rafael Devers homered off rookie Luis Gil in the seventh inning and connected again in the ninth, leading the Boston Red Sox over the Yankees 3-0 Sunday night and sending New York to its 15th loss in 20 games.
Three members of the Boston Red Sox have been named to this year's MLB All-Star Game.
The WBZ Weather Team has issued a NEXT Weather Alert on Monday and Tuesday for high heat and humidity in Massachusetts and New Hampshire.
The WBZ Weather Team has issued a NEXT Weather Alert on Monday and Tuesday for high heat and humidity in Massachusetts and New Hampshire.
As the holiday weekend comes to an end, traffic and backups from Boston's Sumner Tunnel closure are expected to get worse.
Massachusetts Congressman Seth Moulton is calling for President Joe Biden to step aside as the Democratic nominee.
A Mansfield Fire Department truck was hit by a tractor-trailer driver who fled the scene.
A woman on vacation with her family on Cape Cod rushed into action along with another Good Samaritan to help save a man from drowning on Friday.
One product contained 16 different metals, with researchers calling for rules requiring manufacturers to test tampons.
Hatch has received two reports of people being shocked after plastic on the product's AC power adapter came off.
Trader Joe's says a seasonal scented favorite should be discarded or returned due to an "unexpected burn pattern."
Brominated vegetable oil will no longer be allowed in food and beverages in the U.S., 50 years after chemical banned in U.K.
FDA approval of the new Alzheimer's treatment, which will be branded as Kisunla, follows years of setbacks.
The I-Team's Call for Action helped an Ipswich woman who spent years trying to get to the bottom of a mistake that was affecting her credit score.
A reformed romance scammer is speaking out, sharing with the I-Team how he got women to send him tens of thousands of dollars.
The I-Team's Call for Action came to the aid of a Waltham woman who paid thousands for a procedure to help her lose fat.
Records show Massachusetts police departments typically and legally sell back or trade in their guns to dealers when they're no longer used by officers.
A woman told WBZ-TV's I-Team she believes she was raped by a killer just weeks before two bodies were found in Brockton in 2014.
Massachusetts Secretary of State William Galvin spoke to WBZ-TV about his concerns over public distrust in the election process.
Jon Keller said Trump's delivery in his first debate was crisp and forceful, while Biden's presentation was halting, his voice raspy.
A bombshell report on the global EV marketplace finds 46% of American EV drivers are so fed up with charging and mobility issues, they're ready to switch back to gas-powered vehicles.
Massachusetts State Auditor Diana DiZoglio hopes voters will empower her by approving the initiative petition.
Diana DiZoglio wants to perform an audit of the Massachusetts legislature, but has been met with pushback.
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.
Great Wolf Lodge Mashantucket is set to open in 2025 next to Foxwoods in Connecticut.
In a humble space in Hyde Park, a local company is on a mission to fix how flour is made.
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.
Rafael Devers homered off rookie Luis Gil in the seventh inning and connected again in the ninth, leading the Boston Red Sox over the Yankees 3-0 Sunday night and sending New York to its 15th loss in 20 games.
Three members of the Boston Red Sox have been named to this year's MLB All-Star Game.
Massachusetts native Ben Rice made Yankee history against his former hometown team on Saturday as New York slugged its way past the rival Red Sox.
The 47-year-old won 16 world championships over his nearly 20 years in the WWE, going toe-to-toe with the likes of Kurt Angle, Triple H and Dwayne "the Rock" Johnson.
Ben Rice became the first Yankees rookie to homer three times in a game and drove in seven runs as New York snapped a four-game slide with a 14-4 victory over the Boston Red Sox on Saturday.
A humpback whale was caught on video leaping out of the water in Kittery, Maine.
Harvard researchers suggest intelligent beings concealed on Earth could be responsible for UFO sightings.
The MSPCA says goats can be goofy and fun pets - and you don't need to be an experienced farmer to adopt one.
Twenty-three sets of twins have graduated from Pollard Middle School in Needham.
A Nantucket restaurant and store has sold two scratch tickets worth more than $1 million this year.