The Federal Reserve lowers interest rates by 0.25 percentage points
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
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The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
As Americans collected government aid and saved, new numbers show household wealth surged during the pandemic.
As Americans collected government aid and saved, new numbers show household wealth surged during the pandemic.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
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.
House prices just ended a 10-year streak, marking the first monthly year-over-year price drop since 2012.
A new economic report could pressure the Federal Reserve to raise interest rates again.
The U.S. Census Bureau said retail sales surged 3% in January. That surpasses the 1.8% economists had estimated, and it follows a slight decline in December.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
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.
The Federal Reserve boosted interest rates again in a move to slow the inflation rate.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
If we are headed for a recession, here's what you need to know to protect your pocketbook.
If we are in fact headed for a recession, what are some things you can do to make sure you "recession-proof" yourself? KDKA's John Shumway has some advice.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
"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.
PennDOT trucks were trying to keep up with the weather and keep the roads clear.
Here's everything you need to know about Pittsburgh's Light Up Night 2024.
Pittsburgh Perry High School was evacuated on Friday after a student set off a firework, a spokesperson for the district said.
A dog is behind bars at the Armstrong County Jail as part of a new program that hopes to make "pawsitive" changes.
A father already arrested after police said his fiancée beat his 2-year-old son to death in Fayette County has been charged with homicide.
PennDOT trucks were trying to keep up with the weather and keep the roads clear.
Here's everything you need to know about Pittsburgh's Light Up Night 2024.
Pittsburgh Perry High School was evacuated on Friday after a student set off a firework, a spokesperson for the district said.
A dog is behind bars at the Armstrong County Jail as part of a new program that hopes to make "pawsitive" changes.
A father already arrested after police said his fiancée beat his 2-year-old son to death in Fayette County has been charged with homicide.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Sen. JD Vance's election as vice president has opened up one of Ohio's U.S. Senate seats.
Incumbent Sen. Bob Casey on Thursday conceded in the U.S. Senate race in Pennsylvania to Dave McCormick.
Bob Casey says he called Dave McCormick to congratulate him for winning the Pennsylvania U.S. Senate race as a recount is underway.
A former Westmoreland County employee was charged with theft after detectives said he ordered unauthorized pay increases.
Gas prices in Pittsburgh are starting to fall as our travel picks up around Thanksgiving and Christmas.
Want to check the latest product recalls, click here!
The first Von Maur department store in Pennsylvania has opened at South Hills Village.
Spirit Airlines announced that it has filed for Chapter 11 bankruptcy protection and will attempt to reboot itself.
A pizzeria in Pittsburgh's Oakland neighborhood was hit with a consumer alert.
That's a wrap for this week on PTL!
We highlighted more ways the community is giving back to the KDKA-TV Turkey Fund, including a WPIAL food drive!
We learned some simple exercises today from our fitness expert, Aubrey Worek, to keep you motivated and disciplined during the holiday season.
The legendary Nick's Fat City Reunion is taking over Stage AE and bringing Pittsburgh's iconic sound with it. The Clarks are headlining the show. Scott Blasey, the Clarks' lead singer, joined us to give us a musical performance.
Thousands of yinzers are getting ready to descend on downtown Pittsburgh to kick off the holidays. Daisy Jade joined us from Market Square with a preview of the star-studded lineup.
Budget time at City Hall has Pittsburgh City Council scrutinizing Mayor Ed Gainey's proposed spending.
Amid staffing shortages in Pittsburgh EMS, a city program seeks to recruit and train from within the community.
The Ambridge Area School District recently purchased a security system touted for its ability to detect guns and knives.
As tales of scammers swiping tickets from Ticketmaster accounts grow, there are simple yet effective ways to protect your tickets.
With gambling addiction on the rise, thousands of Pennsylvanians have opted to ban themselves from casinos and online sportsbooks.
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Two Pittsburgh men are among the first to use a new device to regain movement following a stroke.
Thawing a turkey one week out from Thanksgiving may seem excessive, but it's necessary.
It is vital to find time for your physical well-being, even if it's just for a little bit. That's what we discussed today for our Wellness Wednesday conversation with Dr. Natalie Gentile.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
Myles Garrett didn't want an apology from T.
Former Philadelphia Eagles center Jason Kelce is getting his own late-night television show on ESPN early next year.
The Steelers have lost all six Thursday night divisional road games with Tomlin as coach.
The Pittsburgh Steelers lost 24-19 to the Cleveland Browns.
The Browns rallied late in the fourth quarter to beat the Steelers 24-19 on Thursday at a snowy Huntington Bank Field in Ohio.
The hunt is still on for the one-of-a-kind Topps Paul Skenes Rookie Debut Patch Autograph card.
Pittsburgh remains at the forefront of the robotics industry.
Spirit Airlines announced that it has filed for Chapter 11 bankruptcy protection and will attempt to reboot itself.
Giant Eagle has opened a new grocery store in Pittsburgh's Westwood neighborhood.
The latest economic data shows consumer prices rose slightly in October, which is impacting people's holiday budgets.
Former Philadelphia Eagles center Jason Kelce is getting his own late-night television show on ESPN early next year.
Jay Leno was badly injured in Greensburg when the 74-year-old comedian fell down a hill.
Post Malone, Jelly Roll, and Sierra Ferrell are hitting the road for 25 shows across the United States and Canada.
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.
The first 10 names entering the Pittsburgh Walk of Fame could be announced as soon as next fall.
One person was arrested after the chase through Pennsylvania and Ohio on Thursday.
Black Friday is one week away. We've been seeing them advertised for months. So are there still real deals to be had if we hold off? KDKA-TV's Barry Pintar reports.
Get the latest weather updates with First Alert Meteorologist Ray Petelin's forecast.
"Glicked" is the new "Barbenheimer"
AAA has tips for drivers this holiday season.
The Pittsburgh Steelers lost 24-19 to the Cleveland Browns.
The Steelers beat the Ravens 18-16 at Acrisure Stadium in Pittsburgh.
Firefighters battled a massive fire at Riley's Pour House, a popular Irish pub in Carnegie, on Thursday.
Kamala Harris and Donald Trump held rallies in Pittsburgh on the eve of Election Day.
No. 4 Ohio State went to State College and came away with a win.
