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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.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
The Microsoft outage on Friday caused many PCs to display an error message nicknamed the "blue screen of death."
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
Customers expecting deliveries on Friday could face a wait following a software outage that's impacting flights across the globe.
Get ready for back-to-school and discover which Apple iPad models are best suited for college students in 2024.
Banks, airlines, broadcasters and health systems in countries around the world reported widespread outages Friday in relation to Microsoft's 365 apps.
Multiple airlines at Philadelphia International Airport reported system outages that caused delays and cancellations Friday.
Friday is shaping up to be a magnificent July day in the Philadelphia region with comfortable temperatures and lower humidity.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
The Microsoft outage on Friday caused many PCs to display an error message nicknamed the "blue screen of death."
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A 7-month-old baby boy was shot while sitting on the front lawn with his mother and father in Philadelphia's Holmesburg section on Thursday, police said.
Some advocates say the popular bike lane on Spruce Street is too dangerous for cyclists.
A Philadelphia doctor and a patient whose life he saved 30 years ago are teaming up to help others who need organ transplants.
The Montgomery County Intermediate Unit is working hard to end food insecurity for schoolchildren during summer break. Here's how they're doing it.
A Mays Landing family is mourning the death of a soon-to-be grandfather and hero, who authorities credit for rescuing two boys from drowning at an Atlantic County park.
Atlantic City police said they received a call from a man claiming he had firearms and an explosive device inside the Borgata Hotel Casino & Spa on Thursday night.
Despite many calls to resign, convicted Sen. Bob Menendez says he's staying put.
Heat-related cancellations and delays continued Thursday on NJ Transit lines, prompting anger from riders.
The Humane Society of Atlantic County is looking for a person they believe has dumped four dogs at their Atlantic City shelter in the middle of the night.
Thursday afternoon will see partly cloudy and sunny skies with highs near 86 degrees in Philadelphia, much more seasonable for this time of the year.
Tuesday night's storm sent a tree into a Wilmington, Delaware, home, injuring the couple inside. That couple is out of the hospital and only speaking with CBS News Philadelphia.
The region is feeling the effects of Tuesday's fast-moving storms, and thousands of customers are dealing with outages after strong winds downed trees and power lines.
With high temps in the upper-90s and increased humidity, an excessive heat warning is in effect through for Philadelphia and the surrounding suburbs until Wednesday morning.
The searing heat is back again, with highs on Monday in the mid and upper 90s.
A Philadelphia doctor and a patient whose life he saved 30 years ago are teaming up to help others who need organ transplants.
Citing suspected links to a listeria outbreak, Canada's health agency has issued a recall notice for 18 plant-based drinks sold under the Silk and Great Value brands.
Getting around is challenging for Victoria Nedza, who has a rare form of muscular dystrophy. But it's getting easier now with her new robotic arm made by the team at Widener University.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
A teenage scoliosis patient reunites with the Philadelphia doctor who restored her mobility through a pioneering surgery.
People across the Delaware Valley are making changes to their summer schedules to try and find ways to survive the scorching heat.
Many people have to work in blazing hot temperatures from the Main Line to South Jersey and down the shore. But others get to work in the freezing cold to bring joy to their community.
An Upper Merion, Pennsylvania man has been indicted on charges he defrauded hundreds of customers through his multiple businesses selling cemetery headstones.
Sheetz will now deliver beer to Pennsylvanians, the Altoona-based convenience store chain announced on Tuesday.
While some local businesses and regional chains have altered their hours for the Fourth of July, many will remain open. Here's a look at what's open and closed across the Delaware Valley.
Pennsylvania State Police say a driver was seriously injured after a tree fell on their car on I-476 north in Delaware County on Thursday morning.
Norwegian Cruise Line will begin offering trips out of the Port of Philadelphia starting in 2026, the cruise line announced Wednesday.
The Delaware River Port Authority voted Wednesday to reduce the scheduled toll increases on four bridges between Pennsylvania and New Jersey from $6.50 to $6.
A tractor-trailer crash is blocking the I-676 ramp to enter I-76 in Philadelphia.
Tolls on the Ben Franklin Bridge and three other bridges between Pennsylvania and New Jersey are scheduled to increase, but by exactly how much is to be determined.
At 14 years old, Cavan Sullivan became the youngest player to appear in Major League Soccer when he entered Wednesday's game at Subaru Park.
The 2024 baseball season is far from over, but if you're already looking ahead, the Philadelphia Phillies' 2025 schedule dropped Thursday.
Hall of Fame wide receiver Terrell Owens wanted to come out of retirement and help Tom Brady win another Super Bowl in Tampa Bay. But according to Owens, Brady completely ignored his offer.
Pat Williams died from complications related to viral pneumonia.
Cavan Sullivan broke Freddy Adu's record, which was set in 2004, and became the youngest player in MLS history after making his Philadelphia Union debut.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
A singer from South Philadelphia is paying homage to Frank Sinatra by breathing new life into some big band arrangements Sinatra performed live in the 1960s.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
"Dance Moms" star Christi Lukasiak is facing DUI charges after a crash in Westmoreland County last month.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
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.
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.
Sylvain Farrel currently works as an intake specialist, advocate and translator at the Unity Clinic in South Philadelphia.
The outage is forcing flights to be grounded at the airport and impacting payment methods for Amtrak riders.
NEXT Weather meteorologist Kate Bilo says to expect low humidity and warm temperatures Friday afternoon across the Philadelphia region.
Bill Kelly has the latest weather forecast for the Philadelphia region as we get closer to the weekend.
A 30-year-old woman who was hit and killed while riding her bike in Rittenhouse Square was identified by family as Barbara Friedes, a doctor at Children's Hospital of Philadelphia.