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.
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.
Philadelphia 76ers head coach Nick Nurse ripped the officiating in the team's heartbreaking 104-101 loss to the New York Knicks on Monday night at Madison Square Garden.
Families gathered in New Jersey Monday night to mark the start of Passover, the annual celebration of the Israelites' exodus from slavery in Egypt.
Donte DiVincenzo hit a go-ahead 3-pointer in the fourth quarter as the Philadelphia 76ers lost, 104-101, to the New York Knicks on Monday night at Madison Square Garden.
It's spring, but parts of the Philadelphia region will dip below freezing overnight as temperatures plummet.
Ranger Suárez allowed two hits in seven innings and Kody Clemens hit a three-run homer as the Philadelphia Phillies extended their winning streak to seven games with a 7-0 victory over the Cincinnati Reds.
Philadelphia 76ers head coach Nick Nurse ripped the officiating in the team's heartbreaking 104-101 loss to the New York Knicks on Monday night at Madison Square Garden.
The Philadelphia Police Department has withdrawn the arrest warrant issued for State Rep. Kevin Boyle, District Attorney Larry Krasner announced on Monday.
Donte DiVincenzo hit a go-ahead 3-pointer in the fourth quarter as the Philadelphia 76ers lost, 104-101, to the New York Knicks on Monday night at Madison Square Garden.
Families gathered in New Jersey Monday night to mark the start of Passover, the annual celebration of the Israelites' exodus from slavery in Egypt.
It's spring, but parts of the Philadelphia region will dip below freezing overnight as temperatures plummet.
It's spring, but parts of the Philadelphia region will dip below freezing overnight as temperatures plummet.
New technology is improving the organ transplant process, which means donors can save even more lives.
Ahead of Passover, which begins Monday, Jewish students at the University of Pennsylvania said they feel fear for those in Israel and on other campuses.
Construction is halfway complete on the Lansdowne Theater, the focus of an $18 million restoration project. Once the building reopens, it will serve as a concert hall.
The FBI says romance scammers are getting more sophisticated and sinister than ever before, and the popularity of dating apps has given the criminals an easy in.
Families gathered in New Jersey Monday night to mark the start of Passover, the annual celebration of the Israelites' exodus from slavery in Egypt.
It's spring, but parts of the Philadelphia region will dip below freezing overnight as temperatures plummet.
The FBI says romance scammers are getting more sophisticated and sinister than ever before, and the popularity of dating apps has given the criminals an easy in.
With Earth Day on Monday, communities across the Philadelphia region are taking time to help pay it forward for the planet.
Sunday will be the chilliest day of the week with highs in the mid-50s and lots of clouds, but sun returns Monday along with high temperatures in the 60s and 70s throughout the rest of the week.
It's spring, but parts of the Philadelphia region will dip below freezing overnight as temperatures plummet.
The FBI says romance scammers are getting more sophisticated and sinister than ever before, and the popularity of dating apps has given the criminals an easy in.
Dover Police said 18-year-old Camay Mitchell DeSilva, who was not a registered student at Delaware State University, died at a hospital after she was found shot near a campus residence hall.
Delaware lawmakers narrowly passed a doctor-assisted suicide bill in the House, which will now be considered in the Senate.
Sunday will be the chilliest day of the week with highs in the mid-50s and lots of clouds, but sun returns Monday along with high temperatures in the 60s and 70s throughout the rest of the week.
Delaware lawmakers narrowly passed a doctor-assisted suicide bill in the House, which will now be considered in the Senate.
Temple Health is celebrating a transplant milestone at Friday's Phillies game. Plus, one of their patients had the honor to throw the game's first pitch.
Psychologists say listening to Taylor Swift's new 31-track album can be good for your mental health and emotional healing.
A social worker from Fox Chase will be riding 100 miles to help people with lung cancer in a special Peloton distance event on Sunday.
Health officials are warning consumers not to consume Infinite Herbs basil sold at some Trader Joe's and Dierberg's stores after 12 people were sickened.
Aramark employees at the Wells Fargo Center say they plan to strike again during the April 25 Sixers game after Philadelphia City Council passed a resolution supporting the workers.
From a new Taylor Swift to an exclusive Pearl Jam "Dark Matter" vinyl, Record Store Day 2024 will be a big one for record stores in the Philadelphia area and worldwide.
Wawa is officially in central Pennsylvania.
Cove Pocono Resorts' two other properties, Cove Haven Resort and Paradise Stream Resort, will remain open despite the closure of the Pocono Palace.
Nine life-sized sculptures made by world-renowned artist Seward Johnson are on loan to Philadelphia's Frankford Avenue in Mayfair until mid-September.
Three construction workers died on I-83 in York County, Pennsylvania after a truck struck their vehicle in an active work zone, Pennsylvania State Police said.
One person died in a car accident in Pennsauken, Camden County, Tuesday afternoon, Pennsauken police said.
All lanes of the Pennsylvania Turnpike near Quakertown have reopened after a dump truck overturned Monday morning, according to the Pennsylvania Turnpike Commission.
A 21-year-old woman was killed after her car was struck by a drunken driver on I-95 northbound in Philadelphia, Pennsylvania State Police said Sunday.
Flooding closed multiple roads around the Philadelphia region for the morning commute on Friday, but they began reopening after around 8 a.m.
Philadelphia 76ers head coach Nick Nurse ripped the officiating in the team's heartbreaking 104-101 loss to the New York Knicks on Monday night at Madison Square Garden.
Donte DiVincenzo hit a go-ahead 3-pointer in the fourth quarter as the Philadelphia 76ers lost, 104-101, to the New York Knicks on Monday night at Madison Square Garden.
Ranger Suárez allowed two hits in seven innings and Kody Clemens hit a three-run homer as the Philadelphia Phillies extended their winning streak to seven games with a 7-0 victory over the Cincinnati Reds.
Philadelphia Eagles legend Jason Kelce received a wooden replica of Lincoln Financial Field as a retirement gift from his wife, Kylie.
The Phillies on Monday placed Bryce Harper on the paternity list and recalled Kody Clemens from Triple-A Lehigh Valley.
Construction is halfway complete on the Lansdowne Theater, the focus of an $18 million restoration project. Once the building reopens, it will serve as a concert hall.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
A Pennsylvania school district has canceled an upcoming appearance by actor and children's book author Maulik Pancholy.
The Hello Kitty Cafe Truck is back in Philly for another year this Saturday at the Fashion District from 10 a.m. to 7 p.m. There is a new collection in honor of Hello Kitty's 50th anniversary.
The self-proclaimed jewel of Philadelphia, Sapphira Cristál still found a way to make history on the season finale despite falling short of the top spot.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
While students aren't using real tattoo machines, an elective class at West Philadelphia High School is teaching students the techniques to create intricate tattoo designs.
William Bodine High School's robotics team is one of a few schools in the area set to represent Philadelphia at the FIRST Robotics Competition World Championship in Texas.
Two Bucks County girls wrestling medal winners are hopeful more young women will get involved in the male-dominated sport.
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.
Classes are set to resume Tuesday at Delaware State University after a woman was shot and killed early Sunday morning on campus. There will also be a forum for students Tuesday night.
The announcement of Boyle's arrest warrant being withdrawn came one day before polls opened for the Pennsylvania primary election.
The Knicks scored the final eight points of the game to give them a 104-101 victory over the Sixers in Game 2 on Monday night.
Parts of the Philadelphia region are under a freeze warning Monday night, but warmer temperatures are on the way this weekend. Meteorologist Tammie Souza has the forecast.
With prayers, songs and traditions that span generations, families gathered Monday night to mark the start of Passover, the annual celebration of the Israelites' exodus from slavery in Egypt. "Passover celebrates the resilience of Jews," Jennifer Dubrow Weiss, CEO of the Jewish Federation of Southern New Jersey, said.