The Fed is making a rate decision today. Here's what to expect
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.
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.
The FBI is investigating the theft of a large sum of money from a plane that landed at Philadelphia International Thursday morning.
Nearly 2 million farmworkers help put food on American tables today, but modern machines powered by AI could eventually replace many of them.
The start of spring isn't particularly warm in Philadelphia, but it does mean more daylight is on the way.
The 4-2 vote comes a week after a council meeting on March 11, when Dawn Jones accused Councilwoman Rachel Walker of racial discrimination and allegedly using a racial slur.
Tyrese Maxey had 30 points and 10 assists and Kelly Oubre Jr. had 22 points and 11 rebounds to help the Philadelphia 76ers hold off the Miami Heat 98-91 Monday night in a potential preview of an NBA play-in tournament game.
There won't be any Philly men's schools in the NCAA Tournament for the second straight year, but plenty of players from Pennsylvania and New Jersey will be in the big dance.
Andre Gordon Jr. is now facing more than a dozen criminal charges in Pennsylvania following the slaying of three family members over the weekend, new court documents show.
Philadelphia Police said the body of a child, who they believe was between 4 and 7 years old, was found inside a duffle bag along the 600 block of North 38th Street in the city's Mantua section.
Nearly 2 million farmworkers help put food on American tables today, but modern machines powered by AI could eventually replace many of them.
There won't be any Philly men's schools in the NCAA Tournament for the second straight year, but plenty of players from Pennsylvania and New Jersey will be in the big dance.
The start of spring isn't particularly warm in Philadelphia, but it does mean more daylight is on the way.
The start of spring isn't particularly warm in Philadelphia, but it does mean more daylight is on the way.
The 4-2 vote comes a week after a council meeting on March 11, when Dawn Jones accused Councilwoman Rachel Walker of racial discrimination and allegedly using a racial slur.
There won't be any Philly men's schools in the NCAA Tournament for the second straight year, but plenty of players from Pennsylvania and New Jersey will be in the big dance.
Saquon Barkley was engulfed into the Philadelphia Eagles long before he even played a down for his new franchise after spending time at the team's training camp at Lehigh University as a kid.
Andre Gordon Jr. is now facing more than a dozen criminal charges in Pennsylvania following the slaying of three family members over the weekend, new court documents show.
The start of spring isn't particularly warm in Philadelphia, but it does mean more daylight is on the way.
There won't be any Philly men's schools in the NCAA Tournament for the second straight year, but plenty of players from Pennsylvania and New Jersey will be in the big dance.
Andre Gordon Jr. is now facing more than a dozen criminal charges in Pennsylvania following the slaying of three family members over the weekend, new court documents show.
In 1960, a North Carolina college student from the Philadelphia area took a stand by being one of the first to sit down at a whites-only lunch counter.
Princeton University students, athletes and local businesses are beaming with pride after their women's basketball team made the NCAA tournament for the third year in a row.
The start of spring isn't particularly warm in Philadelphia, but it does mean more daylight is on the way.
High temperatures stay in the upper 40s and low 50s this week, a return to the reality of March weather, with the chilliest day coming on Tuesday, aka the official start to spring.
Sunday will be mostly sunny to partly cloudy and mild for your St. Patrick's Day celebrations with high temperatures near the low 60s, but a cool down is on the way for the official start to spring.
Friday there's a chance of rain in Philadelphia - but it's mostly just a cloudy day with some risks to allergy sufferers - and more warm March temperatures.
A Delaware judge sentenced Keith Gibson to seven life terms - he will be extradited to Philadelphia to face charges for the murders of four people in 2021, including his mother.
The Colorectal Cancer Alliance is hosting a Spirit Challenge as part of its 45+ Reasons campaign, which has the goal of getting 5,000 Black Philadelphians screened for colorectal cancer.
Most healthy men produce sufficient testosterone as they age. Yet online ads and telehealth sites are promoting testosterone drugs with flawed promises of boosting libido and busting stomach fat.
It's been a challenging four years for medical students who started at the height of the pandemic but it's also been extra special for one couple at Penn.
Infections of the highly contagious measles virus have been reported in 17 states in the first three months of 2024.
The director of breast health at Main Line Lankenau Hospital said the risk assessment tool is based on a woman's family history, prior breast biopsies, the age of her first period and when her first child was born.
Data from the federal government shows that an offshore wind power project proposed for New Jersey would have 157 turbines and be located 8.4 miles from shore at its closest point.
Mayor Reed Gusciora said he wrote a letter to Starbucks asking the company to keep its Trenton location open.
Tanya Hill-Holliday started out at a McDonald's in Baltimore, Maryland before going on to run 12 franchises in Pennsylvania.
On Thursday, Feb. 29, aka Leap Day, Krispy Kreme customers can buy any regularly priced dozen and get another dozen original glazed doughnuts for just $2.29.
Wheelhouse Cards, a full-service sports card shop that saw a resurgence during the pandemic, has opened its second location in West Chester, Pa.
It's pothole season in the northeast, and as springtime nears, efforts to fix the holes ramp up. Drivers in both South Jersey and Philadelphia are doing their best to swerve away from the issue.
Pennsylvania State Police said I-76 near Conshohocken closed around 1 a.m. because of a truck fire on the eastbound lanes between Exit 331B/PA 23 and Exit 338 (Green Lane/Belmont Avenue).
Here's everything you need to know to ensure you're all set ahead of the city's annual St. Patrick's Day Parade.
SEPTA Transit Police Chief Charles Lawson discussed safety at a press conference Wednesday. Hours later, eight teens were shot near a bus stop in Northeast Philadelphia.
A 2023 report by the Pennsylvania State Transportation Advisory Committee found that speed cameras on Roosevelt Boulevard in Philadelphia have been successful in slowing down reckless drivers.
Tyrese Maxey had 30 points and 10 assists and Kelly Oubre Jr. had 22 points and 11 rebounds to help the Philadelphia 76ers hold off the Miami Heat 98-91 Monday night in a potential preview of an NBA play-in tournament game.
There won't be any Philly men's schools in the NCAA Tournament for the second straight year, but plenty of players from Pennsylvania and New Jersey will be in the big dance.
Saquon Barkley was engulfed into the Philadelphia Eagles long before he even played a down for his new franchise after spending time at the team's training camp at Lehigh University as a kid.
Kenny Pickett is ready for a fresh start in Philadelphia.
Princeton University students, athletes and local businesses are beaming with pride after their women's basketball team made the NCAA tournament for the third year in a row.
In an interview last week, Dr. Dre said he endured three strokes while he was hospitalized for a brain aneurysm in January 2021.
With hundreds of millions on the line for Powerball and Mega Millions, you won't be able to buy lottery tickets today in Pennsylvania.
Celine Dion said in her post that March 15 was International Stiff-Person Syndrome Awareness Day.
The original "Ghostbusters" cast braved the heavy proton packs once more for the franchise's latest installment.
Neil Young voluntarily removed his music from Spotify in 2022 after Joe Rogan, whose podcast was exclusively on Spotify, had a controversial infectious disease expert on as a guest during the COVID-19 pandemic.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Students in Philadelphia's Law Pathway program are learning more about a possible legal career with help from Penn's law school and the Troutman Pepper law firm.
Mercy Career and Technical High School senior Taylor Houseman was one of two students selected to give a SEPTA bus a brand new look.
On this week's Focusing on the Future and the first day of Women's History Month, CBS Philadelphia talked with one high school senior who is making history.
At Cherokee High School, its Chiefs United basketball team is proving that lasting bonds go well beyond the court.
Meet the Fanny Jackson Coppin School students who voice the theme song for the new PBS Kids series "Lyla in the Loop."
Lionel Messi is dealing with a hamstring injury that will force the superstar soccer player to miss Argentina's friendly on Friday night against El Salvador at Lincoln Financial Field in Philadelphia.
Janelle Burrell has your Tuesday morning Digital Brief, including the scoop on free Rita's Italian Ice and lottery machines being down in Pennsylvania.
A planned system upgrade means lottery machines across Pennsylvania are down March 19 until the upgrade is complete. Jasmine Payoute reports and shares sound from a Philadelphia business owner impacted.
A search for local rapper Phat Geez' killer, a wrongful conviction overturned and other headlines are today's top stories in Philadelphia.
A new report lists the most challenging places to live in the United States with pollen allergies this year. Allentown is the worst in the Delaware Valley, but where does Philadelphia rank on the list?