Here's how the Fed's rate cut today may impact your finances
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
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The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Fed is meeting today to decide whether to again raise rates as it battle inflation. Here's what it means for interest rates and mortgages.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The Federal Reserve is hitting the pause button on interest rates, thanks in part, to the latest inflation numbers from May. Jessica Kartalija reports. READ MORE: https://cbsloc.al/3qGC22S
After raising rates from zero to 5% in 15 months, the central bank is pausing to assess the economic impact of monetary tightening.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
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 U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
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.
Because inflation is easing, Fed is increasing rates at slower pace. But borrowing will still be more expensive.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
On today's show, Matt discussed Jill Stein's failed recount effort in PA, Trump's reaffirmed victory in Wisconsin, and whether or not you're obligated to tip around the holidays. At 4pm retired secret service agent Robert Caltabiano joined the show to discuss potential Russian hacking of US political institutions. At 5:30pm author and Forbes contributor Chris Versace checked in to tell us what we can expect from the market before the years end.
Janet Yellen expects interest rates to "gradually increase," but she did not specify a timetable.
Federal Reserve Chair Janet Yellen's speech to the World Affairs Council in Philadelphia on Monday was a last chance to get insights into Fed thinking on its next rate move, before next week's monetary policy meeting.
The Fed's decision to raise rates is in many ways a healthy sign: It's a vote of confidence that the economy, 6½ years after the Great Recession officially ended, can finally withstand higher borrowing costs and keep growing at an acceptable pace.
"The media portrays him as just grabbing publicity, but I think he is taking a serious look at it and looking at all of the pros and cons," Forbes said.
The Chair of La Salle University's Economics department, Dr. David Robison, appeared on Talk Radio 1210 WPHT to discuss the latest meeting of the Federal Reserve.
Chris details the latest on the signup problems at healthcare.gov, criticisms being leveled at New Jersey Governor Chris Christie, and the case of cat hoarding at Grace Kelly's former house. He talks to John Hayward from Red State, Steve Cordasco on Finance Friday, and CBS 3's Beasley Reece.
Chris reviews President Obama's interview with local News Anchor Rick Williams, the NFL's announcement they will meet with a Native American group over the name of the Washington Redskins, and the President's appointment of Janet Yellen for the next Chair of the Federal Reserve. He talks to Steve Cordasco on Finance Friday and CBS 3's Beasley Reece.
Chris discusses Chris Christie's decision to ban conversion therapy in New Jersey, Ed Schultz return to MSNBC and the fight over gay marriage in Montgomery County. He also talks to Senator Pat Toomey and Dick Yuengling from the Yuengling Brewery.
This year, a pilot project in several states actually has the IRS getting help from different states in tracking down those engaged in ripping off your identity.
Two gunmen opened fire on a parked SUV on the 700 block of Union Street in the Mantua section of Philadelphia.
Philadelphia police said someone put an explosive device into an ATM outside Johnny's Hots on Delaware Avenue Friday morning.
Communities in Philadelphia celebrated the first day of Kwanzaa as Boathouse Row shined bright on Thursday.
Friday will be sunny and dry in the Philadelphia region, but a rainy weekend is on the way.
Former Eagles wide receiver DeSean Jackson appears to be finalizing a deal to be the next head football coach at Delaware State University, a source said.
Friday will be sunny and dry in the Philadelphia region, but a rainy weekend is on the way.
Upland Police and emergency services have responded to a water main break at Crozer-Chester Medical Center in Chester.
Former Eagles wide receiver DeSean Jackson appears to be finalizing a deal to be the next head football coach at Delaware State University, a source said.
Two gunmen opened fire on a parked SUV on the 700 block of Union Street in the Mantua section of Philadelphia.
Philadelphia police said someone put an explosive device into an ATM outside Johnny's Hots on Delaware Avenue Friday morning.
Two gunmen opened fire on a parked SUV on the 700 block of Union Street in the Mantua section of Philadelphia.
Philadelphia police said someone put an explosive device into an ATM outside Johnny's Hots on Delaware Avenue Friday morning.
Communities in Philadelphia celebrated the first day of Kwanzaa as Boathouse Row shined bright on Thursday.
Friday will be sunny and dry in the Philadelphia region, but a rainy weekend is on the way.
Customers and Border Patrol officers seized more than 20,000 counterfeit Pennsylvania vehicle inspection stickers on their way to Philly.
Friday will be sunny and dry in the Philadelphia region, but a rainy weekend is on the way.
Shoppers at the Promenade at Sagemore in Marlton are battling the crowds and making holiday returns after Christmas.
Thursday morning will be cold and sunny in the Philadelphia region.
The Philadelphia region could see patchy black ice on the roads Wednesday morning.
The odds of winning the jackpot are 1 in 302,575,350, and some in New Jersey believe it could be them.
Friday will be sunny and dry in the Philadelphia region, but a rainy weekend is on the way.
Former Eagles wide receiver DeSean Jackson appears to be finalizing a deal to be the next head football coach at Delaware State University, a source said.
Thursday morning will be cold and sunny in the Philadelphia region.
The Philadelphia region could see patchy black ice on the roads Wednesday morning.
Police looking for a missing New Castle County, Delaware woman found her remains in a man's car in Maryland.
Philadelphia Eagles quarterback Jalen Hurts sustained a concussion in the first quarter of Sunday's game against the Commanders.
Dale and Steve Berkley spent countless hours at St. Christopher's Hospital for Children in Philadelphia with their granddaughter, who was treated for cancer.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
A device used in South Jersey is a game-changer for people with inflammatory bowel disease as an alternative to invasive screenings.
Sounds of the holiday season filled St. Jerome Church courtesy of visually impaired students from Saint Lucy's performing a Christmas concert.
If you're heading out for a last-minute gift in the Philadelphia area, time is ticking. Here are the hours for local malls.
Capitol buildings are almost always an imposing presence.
Sang Kee Peking Duck House was closed for about a week after a flood of steam damaged the electrical system and fire alarm inside.
More than 80% of retailers rolled out stricter return policies last year, research shows.
The mall many in Northeast Philadelphia still know as Franklin Mills is now called Franklin Mall.
New federal regulations are in effect for U.S. airlines, meaning faster, easier refunds for flight cancelations or significant disruptions if you choose not to be rebooked.
Philadelphia International Airport and 30th Street Station were packed with travelers Sunday and Monday.
Downed wires suspended Amtrak and New Jersey Transit services affecting Sunday morning travelers in Philadelphia, New Jersey and New York.
Bridge repairs will cause lane closures on I-95 in Philadelphia on Sunday night, PennDOT says.
Philadelphia will add 14 speed cameras to Broad Street in hopes of making the road safer for drivers and pedestrians.
Former Eagles wide receiver DeSean Jackson appears to be finalizing a deal to be the next head football coach at Delaware State University, a source said.
Baltimore's victory over Houston averaged 24.3 million viewers, while Kansas City's win at Pittsburgh averaged 24.1 million, according to early viewer figures released by Nielsen.
Eagles head coach Nick Sirianni had few updates on quarterbacks Jalen Hurts and Kenny Pickett in a news conference Thursday.
The Sixers defeated the Celtics, 118-114, on Christmas Day in Boston.
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Baltimore's victory over Houston averaged 24.3 million viewers, while Kansas City's win at Pittsburgh averaged 24.1 million, according to early viewer figures released by Nielsen.
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Meet the winner of this weekend's Jason Kelce look-alike contest: Paul Crossley of Fishtown.
If you've found yourself caught up in the chaos of the holiday season and are looking to slow things down and enjoy a weekend of celebration, then you've come to the right place.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
Our meteorologists see several rain chances in the NEXT Weather forecast leading up to the new year, including a chance of rain on New Year's Eve that could disrupt any outdoor plans you might have for ringing in 2025. Grant Gilmore has the latest forecast.
Police said two shooters walked up to the sides of a parked car on a Mantua street and fired multiple shots, killing two people inside. Wakisha Bailey reports.
Police say someone detonated an explosive at the ATM outside Johnny's Hots on Delaware Avenue in Northern Liberties on Friday morning.
Philadelphia teamed up with the Kwanzaa Collective for a festive celebration at the Fairmount Water Works.
Five people were injured and at least five families were displaced after a fire on the 700 block of Cedar Street in Allentown, Pennsylvania, Thursday night.