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.
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.
Philadelphia Marathon Weekend is here, with the annual 26.2-mile run taking over the city with road closures and traffic delays.
High elevation areas like the Poconos get the most snow, but a few flakes could fly close to Philadelphia.
It was an incredible day filled with hope as families, volunteers and sponsors joined us to raise money for our 15th annual Ronald McDonald House Charities Telethon.
Winemaker Larry Sharrott said the drought will help produce robust wines at his South Jersey winery.
A beef and beer benefit was held to help the family of a fallen Philadelphia police Sgt. Jaime Roman, who died in September.
High elevation areas like the Poconos get the most snow, but a few flakes could fly close to Philadelphia.
Philadelphia Marathon Weekend is here, with the annual 26.2-mile run taking over the city with road closures and traffic delays.
It was an incredible day filled with hope as families, volunteers and sponsors joined us to raise money for our 15th annual Ronald McDonald House Charities Telethon.
Incumbent Sen. Bob Casey on Thursday conceded in the U.S. Senate race in Pennsylvania to Dave McCormick.
Winemaker Larry Sharrott said the drought will help produce robust wines at his South Jersey winery.
Philadelphia Marathon Weekend is here, with the annual 26.2-mile run taking over the city with road closures and traffic delays.
The bar made the announcement on social media in a collaborative post with all other Bark Social locations.
Two people were injured in a hit-and-run near City Hall Thursday night, police said.
Incumbent Sen. Bob Casey on Thursday conceded in the U.S. Senate race in Pennsylvania to Dave McCormick.
Al-Ashraf Khalil and Isaam Jaghama were convicted of setting fire to a Philadelphia pizza shop in 2022, leading to the death of fire Lt. Sean Williamson.
Winemaker Larry Sharrott said the drought will help produce robust wines at his South Jersey winery.
The Justice Department says it found a pattern of misconduct and civil rights violations by the Trenton Police Department.
New Jersey State Police say the "Big Rusty" wildfire that burned in Hainesport, New Jersey is under investigation as suspicious.
A Florida family who stays at the Ronald McDonald House while their baby boy gets treatment for OEIS complex calls the community they've met family.
Ronald McDonald Houses are known for giving families a place to stay while children receive medical treatment, but special rooms inside hospitals also provide families with a peaceful space to relax.
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.
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.
Meet Hassan Paige, a man from Bucks County, who is one of the finalists of the "2024 Ultimate Men's Health Guy."
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.
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.
A crash shut down Route 309 northbound near Fort Washington and Upper Dublin Township for several hours on Wednesday morning.
Three unions representing SEPTA and city workers could go all on strike at the same time.
DeVonta Smith has dealt with a hamstring injury over the last few weeks. His status for Sunday's game against the Rams is unclear.
Philadelphia 76ers forward Paul George has a bone bruise on his left knee and will miss two games, the team said.
Hysier Miller is under investigation by federal authorities after a watchdog group flagged a Temple men's basketball game last season for unusual betting activity.
If it were up to Darius Slay, "elite" Eagles cornerback Quinyon Mitchell would win the NFL Defensive Rookie of the Year.
Former NFL running back Wendell Smallwood Jr. has been charged with defrauding COVID-19 relief programs, court documents show.
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.
It's showtime, Philadelphia! TKTS Ticket Booth Service has arrived in the City of Brotherly Love -- your ticket to last-minute entertainment.
The leader of a New York City church where pop star Sabrina Carpenter filmed scenes for a music video has been stripped of his duties.
Paul Teal's fiancée and fellow "One Tree Hill" actors shared tribute posts memorializing him.
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.
Host Ashley Harder takes a ride on the Stourbridge Line and visits Honesdale, Pennsylvania, tucked away within the Pocono Mountains and offering new tastes and experiences all year round.
Two people were injured in a hit-and-run near City Hall in Philadelphia Thursday night, police say. The driver was arrested.
The Philadelphia region is under a NEXT Weather Alert for rain, wind, snow and colder temperatures. Chief Meteorologist Bill Kelly has the forecast.
For 15 straight years, we have been honored to join Ronald McDonald House Charities and our viewers to help raise much-needed funds for three Ronald McDonald houses in our region and the families they serve.
After a historic stretch without rain, a New Jersey winemaker and winery owner says the dry conditions will make for better bottles. Still, he's grateful some rain is finally falling.