Fed leaves interest rate unchanged, but hints at cuts for 2024
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling 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.
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?
McCutchen's 100 home runs at PNC Park are the most in all of baseball since the stadium opened in 2001.
Several of the homes appear to be destroyed.
Andrew McCutchen led off the bottom of the first with a home run for the second straight game, Bailey Falter took a shutout into the eighth inning and the Pittsburgh Pirates beat the Milwaukee Brewers 2-1.
Sean Dougherty beat seven-term incumbent State Rep. Kevin Boyle on Tuesday night and won the Democratic nomination for the 172nd Legislative District, The Associated Press projects.
The Associated Press projects Republican Dave Sunday and Democrat Eugene DePasquale have won the nominations for Pennsylvania attorney general in Tuesday's primary election.
McCutchen's 100 home runs at PNC Park are the most in all of baseball since the stadium opened in 2001.
Find results here for Tuesday's primary election in Pennsylvania.
Several of the homes appear to be destroyed.
Andrew McCutchen led off the bottom of the first with a home run for the second straight game, Bailey Falter took a shutout into the eighth inning and the Pittsburgh Pirates beat the Milwaukee Brewers 2-1.
Sean Dougherty beat seven-term incumbent State Rep. Kevin Boyle on Tuesday night and won the Democratic nomination for the 172nd Legislative District, The Associated Press projects.
KDKA-TV analyzes the results of Tuesday's primary election in Pennsylvania.
Summer Lee has defeated Bhavini Patel in the Democratic primary for Pennsylvania's 12th Congressional District, the Associated Press projects.
Sean Dougherty beat seven-term incumbent State Rep. Kevin Boyle on Tuesday night and won the Democratic nomination for the 172nd Legislative District, The Associated Press projects.
Summer Lee has defeated Bhavini Patel in the Democratic primary for Pennsylvania's 12th Congressional District, the Associated Press projects.
KDKA-TV has the county-by-county results for Tuesday's presidential primary in Pennsylvania.
The summer fuel blend along with inspections and maintenance at refineries are partially to blame for the rising prices.
Want to check the latest product recalls, click here!
Police say weather emergencies are ripe opportunities for scammers and unlicensed contractors.
PTL's Katie O'Malley is getting a look inside the gigantic, brand new Dick's House of Sport store that just opened at Ross Park Mall in the North Hills.
One realtor said no matter what neighborhood, home values are way up in Pittsburgh.
Cheers to Taste It Tuesday! We're sampling Yinzer Lager and other new beer flavors from Fat Head's Brewery.
In today's Something Good, we wanted to give a big round of applause and congratulations to the Pittsburgh Steel City Selects, an all-girls hockey association in our area. They recently brought home the bronze medal at the USA Hockey national tournament!
Outreach Teen and Family Services provides counseling services and programs to Pittsburgh teenagers and their families. We learned more about how they help the community and got a preview of their upcoming Golden Gala.
David and Heather play another game of What's It Worth with Dr. Lori!
Get your swing ready for golf season. Celina checked out the 1781 Club on PTL this morning!
Vince Fannick was charged with 117 counts of insurance fraud, theft by deception and unlawful talking.
Is the city of Pittsburgh about to fall off a fiscal cliff?
An untold number of 55-gallon drums containing radioactive waste are buried in shallow trenches on a site in Armstrong County.
Pennsylvania Governor Josh Shapiro said he wants to stop independent pharmacies from closing up.
Independent pharmacists blame middlemen who they say are sucking the life out of your community pharmacy.
A Pitt professor helps Hollywood get public health representation right.
UnitedHealth said it paid the criminals behind attack that crippled hospitals and pharmacies to protect sensitive patient data.
A West Virginia hospital has confirmed the first known case of measles in the state since 2009.
There's a big push right now to better connect doctors and patients.
Coal miners can breathe at least a small sigh of relief with the new federal rule that cuts their exposure to silica dust.
McCutchen's 100 home runs at PNC Park are the most in all of baseball since the stadium opened in 2001.
Andrew McCutchen led off the bottom of the first with a home run for the second straight game, Bailey Falter took a shutout into the eighth inning and the Pittsburgh Pirates beat the Milwaukee Brewers 2-1.
The money donated comes from Malkin's 'I'm Score for Kids' initative.
Scottie Scheffler winning the RBC Heritage was inevitable.
Oneil Cruz broke out of a slump with three hits, rookie Jared Jones allowed one run in six innings and the Pittsburgh Pirates ended their skid at six games, beating Milwaukee 4-2 to stop the Brewers' four-game win streak.
Spirit is adding a new nonstop route out of the Pittsburgh International Airport.
This will be the final week of business for the Oakland ice cream shop.
Wawa is officially in central Pennsylvania.
President Joe Biden visited Pittsburgh to meet with steelworkers, promising to keep U.S. Steel American-owned.
The Labor Department has issued a new rule intended to protect coal miners from poisonous silica dust.
A Pitt professor helps Hollywood get public health representation right.
Pitbull is coming to Star Lake this year.
Eric Church is revered as one of country music's most respected figures, often described as Nashville's renegade. But he admits that even after his success, he sometimes still sees himself as an outsider.
The park is opening today for its 126th season.
Mountain View Middle School in Cumberland County canceled an upcoming appearance by actor and children's book author Maulik Pancholy.
Get the latest weather updates with First Alert Meteorologist Ray Petelin's forecast!
Multiple businesses were heavily damaged by a massive overnight fire at the Latrobe 30 Shoppes in Westmoreland County.
KDKA-TV analyzes the results of Tuesday's primary election in Pennsylvania.
Summer Lee has defeated Bhavini Patel in the Democratic primary for Pennsylvania's 12th Congressional District, the Associated Press projects.
KDKA-TV's Bob Pompeani and 93.7 The Fan's Andrew Fillipponi discuss the sports topics of the day.
Several businesses were damaged by the overnight fire.
Several areas across Pittsburgh flooded after setting another daily rain record.
From the path of totality in Erie to 97% coverage in Pittsburgh, Pennsylvanians experienced the rare solar eclipse on Monday, April 8, 2024.
Numerous areas saw rising floodwaters on Tuesday and Wednesday
Steelers quarterback Kenny Pickett is going to the Eagles.