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The Fed holds interest rates steady. Here's the impact on your money.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
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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.
Federal authorities in Philadelphia say an airport baggage handler has been charged with stealing $20,000 in a new type of $100 bill never released to the public.
The training exercise consisted of blowing up a mass transit bus which contained artifacts from both the "victims" and the "perpetrator" -- items such as cell phones, keys, wallets and wedding rings.
Nicolas Batum, who will turn 36 in December, played a solid role on the Sixers in the 2023-24 season after landing in Philly as a part of the James Harden trade
The threat of severe weather is over, and the start of the week will be calmer.
Visva Varathakumar, of North Philadelphia, died after being hit by a car on North Broad Street Saturday afternoon, police said.
Klay Thompson will also speak with the Dallas Mavericks, Los Angeles Lakers and Los Angeles Clippers, according to ESPN.
The Philadelphia 76ers are in the midst of the biggest offseason in the Joel Embiid era. Keep track of the team's moves in free agency here.
The threat of severe weather is over, and the start of the week will be calmer.
The Philadelphia 76ers are in the midst of the biggest offseason in the Joel Embiid era. Keep track of the team's moves in free agency here.
Streets in Ocean City, Margate and Sea Isle, New Jersey, flooded after torrential rain early Sunday morning, and another round of potentially severe storms later in the evening could create more flooding.
Nicolas Batum, who will turn 36 in December, played a solid role on the Sixers in the 2023-24 season after landing in Philly as a part of the James Harden trade
Cart Hart was among five players charged with sexual assault in February in the 2018 Hockey Canada investigation.
The threat of severe weather is over, and the start of the week will be calmer.
Your furry family members may be the most level-headed members of your household, according to Pennsylvania SPCA animal advocate Carol Erickson.
Streets in Ocean City, Margate and Sea Isle, New Jersey, flooded after torrential rain early Sunday morning, and another round of potentially severe storms later in the evening could create more flooding.
The CBS Philadelphia weather team has declared Sunday a NEXT Weather Alert Day as severe storms impact our area.
A 39-year-old man is accused of pulling up to a fight on a Kensington street, firing shots and later shooting a woman inside a home Friday afternoon, Philadelphia police said.
The threat of severe weather is over, and the start of the week will be calmer.
Streets in Ocean City, Margate and Sea Isle, New Jersey, flooded after torrential rain early Sunday morning, and another round of potentially severe storms later in the evening could create more flooding.
The CBS Philadelphia weather team has declared Sunday a NEXT Weather Alert Day as severe storms impact our area.
The community in Lumberton, New Jersey, is wrapping its arms around the family of Michael Stewart, a 6-year-old boy who drowned at a Bordentown summer camp earlier this week.
Potential severe storms could roll through late Saturday night and again Sunday afternoon into the evening.
The threat of severe weather is over, and the start of the week will be calmer.
Streets in Ocean City, Margate and Sea Isle, New Jersey, flooded after torrential rain early Sunday morning, and another round of potentially severe storms later in the evening could create more flooding.
The CBS Philadelphia weather team has declared Sunday a NEXT Weather Alert Day as severe storms impact our area.
Potential severe storms could roll through late Saturday night and again Sunday afternoon into the evening.
It's another summer weekend in Philadelphia and the streets are about to be bumping with music lovers, festival goers and sports fans. But the festivities go far beyond the city. Here's a list of events going on this weekend around the Delaware Valley.
Here is a preview of Jefferson Health's new outpatient facility, the Honickman Center, made in Philadelphia with hopes of making a doctor's trip less stressful.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
A behind-the-scenes look at a special camp called Variety for children and young adults with disabilities is underway in Montgomery County. The camp is all about fun and learning.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
Jen Dunlea, 22, is in a desperate fight for her life. She needs a lung transplant but has been rejected by most hospitals.
Gov. Phil Murphy and officials from Amtrak and NJ Transit announced a new plan Thursday to fix the agencies' problems.
Beating the heat with a South Philly staple: John's Water Ice has been serving a combination of fruit, sugar and frozen water in Italian ice since 1945 with a labor of flavor.
Pennsylvania's highest court will decide whether the cash-paying electronic game terminals that are commonplace in convenience stores, bars and elsewhere are unlicensed gambling machines.
You don't need to identify as LGBTQ+ or vegetarian to dig into the deliciousness at LesbiVeggies in Audubon.
Cake Life Bake Shop shared its mission for Pride Month to continue creating a welcoming space for all on Frankford Avenue as a woman and trans-immigrant owned business.
Route 422 eastbound was blocked near the Trooper Road exit around Oaks and Audubon, Pennsylvania, after a fatal tractor-trailer crash Friday.
A section of I-95 southbound was closed for several hours in Philadelphia after a tractor-trailer jackknifed and caught fire.
Part of I-95 northbound in Delaware was blocked Thursday after a crash involving two tractor-trailers.
PennDOT was forced to apologize to Philadelphia after a sign from Cottman Avenue to southbound I-95 had an embarrassing typo: "Cenrtal."
SEPTA Transit Police will begin issuing court-backed tickets in July for low-level crimes like alcohol consumption, public urination, smoking, littering and other offenses, the transportation service announced on Thursday.
Nicolas Batum, who will turn 36 in December, played a solid role on the Sixers in the 2023-24 season after landing in Philly as a part of the James Harden trade
The Philadelphia 76ers are in the midst of the biggest offseason in the Joel Embiid era. Keep track of the team's moves in free agency here.
Eric Gordon spent last season with the Phoenix Suns. He played 68 games, including 24 starts, and averaged 11.0 points and shot 37.8% on 3-pointers on about six attempts per game.
Andre Drummond spent the past two seasons with the Chicago Bulls after a brief stint in Philadelphia during the 2021-22 season, where he played 49 games for the Sixers.
Alec Bohm homered, Trea Turner hit a go-ahead, two-run single in the seventh inning and the Philadelphia Phillies rallied for a 7-6 victory over the Miami Marlins.
Families enjoyed holiday events across the region on Saturday as the celebration of America's birthday moves into high gear this weekend.
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
The zoo, which is typically open from 9:30 a.m. to 5 p.m. daily, wrote on Facebook Friday morning that they would have to close down for water main maintenance.
It's another summer weekend in Philadelphia and the streets are about to be bumping with music lovers, festival goers and sports fans. But the festivities go far beyond the city. Here's a list of events going on this weekend around the Delaware Valley.
By HUGHE_DILLON.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
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.
Ylaine Zhu a School District of Philadelphia student, is among the newest Gates Scholars.
After applying to 13 colleges and being rejected by his dream school, Dexter Resa proves that with grit and heart, you can accomplish things beyond your wildest dreams and make history while doing it.
Meet 13-year-old Daphne Todas, a real-life karate kid from Mount Bethel, Pennsylvania, helping change the face of power sports like martial arts.
Andrew Kozak has the latest weather forecast for the Philadelphia region after severe storms moved through the area on Sunday night.
Andrew Kozak has the latest weather forecast for the Delaware Valley as we track severe storms.
Multiple South Jersey shore towns, including Margate, Ocean City and Sea Isle City, flooded after torrential rain overnight and early Sunday morning.
A heat advisory is in effect from 11 a.m. until 7 p.m. for all areas adjacent to the I-95 corridor, including Philadelphia, Wilmington, Delaware and Trenton, New Jersey. Sunday afternoon and evening, scattered showers and strong to severe storms will once again develop across the Delaware Valley.
President Joe Biden attended a fundraiser in New Jersey over the weekend, Pennsylvania lawmakers are running out of time to pass a state budget before the start of the new fiscal year, and Sunday is declared a NEXT Weather Alert Day due to extreme heat and potentially severe storms.