Fed hikes key interest rate 0.75 percentage points as it battles inflation
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
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"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
The Fed could lift rates by 0.75-percent.
The expected 0.75-percent boost would be the biggest since 1994. KDKA's Lindsay Ward has the story.
It will be the largest rate hike in more than two decades, so why is the Federal Reserve making this move?
For the second time since 2018 the Federal Reserve is expected to hike interest rates. KDKA's Lindsay Ward has the details and how this will impact your wallet.
The Federal Reserve is working to mitigate the financial fallout from coronavirus and that includes lowering mortgage rates.
The U.S. Federal Reserve slashed its benchmark interest rate by a full percentage point in a response to the COVID-19 outbreak.
For the second time in three months, the Federal Reserve has cut interest rates so what does this mean for consumers?
Chances are good you used a credit card to pay for Christmas holiday gifts this year. Now comes paying off that debt just as interest rates go up in 2017.
U.S. consumer prices edged down in August, marking the first decline in seven months and fueled by a big drop in gasoline prices.
PITTSBURGH (NewsRadio 1020 KDKA) - Does it feel like the money you earn doesn't go as far as it once did? In his new book "Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It", Steve Forbes says that it doesn't. The Chairman and Editor in Chief for Forbes Media and former presidential candidate joined KDKA's Larry Richert and John Shumway to talk about the current state of the economy.
The unemployment rate fell nationally last month, but not as much as some had hoped.
Dr. Webster Tarpley joined host Chris Moore to discuss a problem a l0t of American adults are facing, that problem is student loan debt.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
The U.S. Senate and Federal Reserve are hammering out the final details on big changes that will affect how you use your debit card.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
A man was taken into custody after barricading himself inside a home and setting a fire in Pittsburgh's Brookline neighborhood on Saturday.
Homicide detectives are leading the ongoing investigation.
The suspect is currently being held in the Allegheny County Jail.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
A man was taken into custody after barricading himself inside a home and setting a fire in Pittsburgh's Brookline neighborhood on Saturday.
Homicide detectives are leading the ongoing investigation.
The suspect is currently being held in the Allegheny County Jail.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
The bipartisan "Bell-to-Bell" bill bars students from using their phones any time they're in school, not just during instructional periods.
It was only a few months ago that Pennsylvania passed the 2025 budget several months late, and now the process begins for this year.
Pennsylvania Gov. Shapiro delivered his fourth budget address at the State Capitol in Harrisburg, three months after last year's budget was passed by state lawmakers.
A federal judge on Monday blocked the Trump administration from revoking Temporary Protected Status for Haitians, granting a last-minute reprieve to 350,000 immigrants who were set to lose protections on Tuesday.
More than 90,000 customers are under a boil water notice due to an early morning power surge at a treatment plant.
A woman and her husband are fighting for a $400 refund after they bought furniture from a Value City Furniture store.
It's the end of an era for a grocery store in Carrick.
A Pennsylvania couple says Kia wrongly denied a warranty claim after their car's engine failed at 80,000 miles.
Scams targeting utility customers are on the rise in Pennsylvania, the attorney general says.
Daisy takes us live to learn more about 100.7 Star's Best Pizza in Pittsburgh competition.
We’re hearing from some of you! How did you meet? What is your love story?
Daisy shows us how to see our closet in a different way.
Some local pups will be in the game this year, and we’re meeting one from Animal Friends!
The band has a Pittsburgh connection, and we’re getting a performance live in the studio!
Residents of Millvale are trying to get back to normal after last weekend's major snowstorm.
Tracing the past of Shane Hennen and how his troubled life in Pittsburgh pointed to his future downfall.
People in Avella, Washington County, say they have no phone coverage.
Residents and leaders in Charleroi are concerned about the integrity of roads after a trench collapse last year and ongoing construction.
Patrick Vereb is accused of taking money from pet owners who believed their animals would receive dignified cremations.
More than 90,000 customers are under a boil water notice due to an early morning power surge at a treatment plant.
Doctors said the drugs can help people lose unwanted pounds while retaining muscle.
Southwestern Pennsylvania's cold and snowy winter is taking its toll on more than just our roadways and walkways.
The Liberty-Clairton area is under a code orange air quality action day, according to the Pa. Dept. of Environmental Protection.
The cold weather and lingering snow affect more than just the roads and our cars, it affects our brains.
Bad Bunny is set to take the stage at halftime for the 2026 Super Bowl. Here's who else is performing at Super Bowl 60.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Prosecutors have dropped the most serious assault charge against Penn State hockey star Gavin McKenna.
A person familiar with the negotiations tells The Associated Press that pitcher José Urquidy and the Pittsburgh Pirates have agreed to a $1.5 million, one-year contract.
Wide receiver Larry Fitzgerald headlines the five-player 2026 Pro Football Hall of Fame class.
More than 140 employees at Nemacolin were informed they were being let go.
It's been about six years since the pandemic, and a lot of people working from home, but now companies are slowly calling them back to the office.
Pittsburgh Mayor Corey O'Connor on Tuesday announced a new initiative aimed at revitalizing neighborhood business districts across the city.
A handful of Pittsburgh-area Value City Furniture stores are going out of business after their parent company filed for bankruptcy.
It has been five years since the home improvement retailer Menards bought a large parcel of land off Route 30 in Westmoreland County.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny is set to take the stage at halftime for the 2026 Super Bowl. Here's who else is performing at Super Bowl 60.
Filming for the final season of "Mayor of Kingstown" is expected to take place between March and June.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
"Stick Season" singer Noah Kahan is coming to Pittsburgh this summer.
KDKA-TV's Jessica Riley spoke to those who knew Evan Gingo, the 18-year-old who was killed after a massive pileup on Interstate 79 in Jackson Township, Butler County, on Friday morning.
Stay on top of local weather with First Alert Meteorologist Trey Fulbright's forecast!
More than 90,000 Pennsylvania American Water customers are under a boil water notice as of Saturday morning.
A man was taken into custody after barricading himself inside a home and setting a fire in Pittsburgh's Brookline neighborhood on Saturday.
A man was found dead inside a home in Pittsburgh's Lincoln-Lemington-Belmar neighborhood after a reported stabbing early Saturday morning, police said.
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
