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.
Watch CBS News
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.
I-95 north is closed between Exit 32 at Academy Road/Linden Avenue and Exit 35 at Woodhaven Road/63 West in Northeast Philadelphia due to a crash.
Monday is a great travel day across the Philadelphia region with sunshine, increasing clouds and highs in the upper 50s.
Saquon Barkley ran for touchdowns of 70 and 72 yards in the second half and finished with an Eagles-record 255 yards rushing in the win over the Rams.
Brandon Graham now only trails Trent Cole and Reggie White on Philadelphia's all-time sacks list.
James Harden had 23 points and eight assists, Ivica Zubac had 16 points and 12 rebounds and the Los Angeles Clippers coasted to a 125-99 win over the Philadelphia 76ers.
Saquon Barkley ran for touchdowns of 70 and 72 yards in the second half and finished with an Eagles-record 255 yards rushing in the win over the Rams.
I-95 north is closed between Exit 32 at Academy Road/Linden Avenue and Exit 35 at Woodhaven Road/63 West in Northeast Philadelphia due to a crash.
Monday is a great travel day across the Philadelphia region with sunshine, increasing clouds and highs in the upper 50s.
Brandon Graham now only trails Trent Cole and Reggie White on Philadelphia's all-time sacks list.
A water main break left some residents without water and others displaced Sunday in Northern Liberties.
I-95 north is closed between Exit 32 at Academy Road/Linden Avenue and Exit 35 at Woodhaven Road/63 West in Northeast Philadelphia due to a crash.
Philadelphia police are investigating four shootings, including three that happened in West Philly over the weekend.
William Loevner and Katie Florio were the top elite finishers at the Philadelphia Marathon Sunday.
Jamel Brunson, a man wanted for the killing of a man in his 20s inside a North Philadelphia pizzeria on Thursday, has surrendered to police.
A water main break left some residents without water and others displaced Sunday in Northern Liberties.
A community in Lawnside came together with a peace vigil after a resident's fence was defaced with a racist message.
A new work program called the Hope Work Initiative launched this week in Atlantic City to give people experiencing homelessness a second chance.
Runners, set? The Philadelphia Marathon Weekend is finally here! Here's a list of events going on throughout the area this weekend.
A World War II veteran in Vineland, New Jersey celebrated his 103rd birthday at the French Embassy in Washington DC.
Winemaker Larry Sharrott said the drought will help produce robust wines at his South Jersey winery.
Former NFL running back Wendell Smallwood Jr. has been charged with defrauding COVID-19 relief programs, court documents show.
Sahori Arteaga and her family spent 10 months at the Ronald McDonald House of Delaware after flying 3,000 miles from Honduras to Wilmington for a kidney transplant.
It was a full circle moment when a Chester County mother brought her son to visit the Ronald McDonald House Charities of Greater Delaware for the first time.
For the Schiro family from Nevada, the Ronald McDonald House Charities of Greater Delaware — "Donald's House" — is a second home.
While we don't have anything solid in the forecast, as of late November, meteorologists can look at trends and historical dates.
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
As runners count down to Sunday's big race at the Philadelphia Marathon, the cause is driving some people to run 26.2 miles.
A high school in Montgomery County, Pennsylvania, has a reported whooping cough case.
The new report shows the lung cancer survival rate has improved 26% in the last five years.
Skin care products are popular on TikTok, but some of them can damage skin, experts say.
Winemaker Larry Sharrott said the drought will help produce robust wines at his South Jersey winery.
The bar made the announcement on social media in a collaborative post with all other Bark Social locations.
The Philadelphia City Council is scheduled to hear public comment Tuesday afternoon on the proposed Sixers arena near the city's Chinatown neighborhood.
The Eagles running back is looking to get into sports consulting and talent management, the application shows.
Six Flags announced it shut down the Kingda Ka and Green Lantern roller coasters to make way for two new rides including The Flash coaster.
I-95 north is closed between Exit 32 at Academy Road/Linden Avenue and Exit 35 at Woodhaven Road/63 West in Northeast Philadelphia due to a crash.
SEPTA will receive an infusion of $153 million in "flexed" federal highway money, enough to cover its running deficit, officials announced Friday.
Philadelphia Marathon Weekend is here, with the annual 26.2-mile run taking over the city with road closures and traffic delays.
Starting Dec. 1, hopping on a SEPTA bus, train, or trolley will likely cost you more. The Transit Authority approved a 7.5% rate increase on Thursday across much of its system.
On Wednesday, SEPTA agree to tentative deals with two unions to avert a strike in Philadelphia and its suburbs.
Saquon Barkley ran for touchdowns of 70 and 72 yards in the second half and finished with an Eagles-record 255 yards rushing in the win over the Rams.
Brandon Graham now only trails Trent Cole and Reggie White on Philadelphia's all-time sacks list.
James Harden had 23 points and eight assists, Ivica Zubac had 16 points and 12 rebounds and the Los Angeles Clippers coasted to a 125-99 win over the Philadelphia 76ers.
The Eagles will look to extend their winning streak to seven games tonight against the Rams on Sunday Night Football at SoFi Stadium.
William Loevner and Katie Florio were the top elite finishers at the Philadelphia Marathon Sunday.
Cynthia Erivo, Ariana Grande, AMC and fans react to the debate over in-theater singing during "Wicked."
Runners, set? The Philadelphia Marathon Weekend is finally here! Here's a list of events going on throughout the area this weekend.
Former Philadelphia Eagles center Jason Kelce is getting his own late-night television show on ESPN early next year.
The Stardew Valley Symphony of Seasons tour is bringing a video game soundtrack to over 60 cities.
Jay Leno was badly injured in Greensburg when the 74-year-old comedian fell down a hill.
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.
Andrew Kozak has your NEXT Weather forecast as we begin the holiday week in the Delaware Valley.
A man was charged with murder for shooting and killing another man who attempted to steal his car in Philadelphia's Frankford neighborhood on Friday, police said.
A man wanted for shooting and killing a man inside a pizza shop after a fender-bender is now in custody, Philadelphia police said Sunday.
Philadelphia International Airport was bustling Sunday night and many say they aren't letting the potentially nasty weather dampen their holiday spirits.
Andrew Kozak has your NEXT Weather forecast as we get ready for the holiday week in the Philadelphia area.