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?
Indiana University of Pennsylvania's Lettuce Club hosted a lettuce-eating competition that both excited and educated.
It's a weekend of all things Pittsburgh, block parties, and delicious food trucks.
Saturday is National Drug Take Back Day and we've got everything you need to know about why and the risks of holding onto expired medications.
The Polk County Sheriff's Office took Hermas Craddock into custody on Thursday evening in Florida.
Get out and enjoy the sunshine because rain is coming our way!
Indiana University of Pennsylvania's Lettuce Club hosted a lettuce-eating competition that both excited and educated.
It's a weekend of all things Pittsburgh, block parties, and delicious food trucks.
Saturday is National Drug Take Back Day and we've got everything you need to know about why and the risks of holding onto expired medications.
The Polk County Sheriff's Office took Hermas Craddock into custody on Thursday evening in Florida.
Get out and enjoy the sunshine because rain is coming our way!
The Supreme Court convened to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.
Senator Bob Casey of Pennsylvania has been a proponent of the bill since its inception, citing the impact fentanyl has had on the state.
Both Biden and Trump won their Pennsylvania primaries overwhelmingly, but there were some ominous signs for both.
As expected, both Joe Biden and Donald Trump won their Pennsylvania primaries overwhelmingly, but there were some ominous signs for both in the results. KDKA-TV's Jon Delano reports.
After hearing the complaints of law enforcement, the Allegheny County president judge has sanctioned District Judge Xander Orenstein.
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.
Thanks to all the KDKA kids for joining us for a fun edition of Pittsburgh Today Live.
On Take Your Child to Work Day, Boaz and the KDKA Kids were hard at work preparing their own version of PTL, and we got to see it on today's show!
It's a luxury, limo-style theater on wheels perfect for entertaining the kids on Take Your Child to Work Day. Katie got a tour of the Steel City Gamerz Truck on PTL today.
Grant Kemmerer, from the Wild World of Animals, brought some of his friends to Take Your Child to Work Day.
We're all about making memories on a day like today, ones that might be as messy as they are pizza-licious. Jen Clark, from Crate Cooking School, showed us how to make pizza!
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.
Saturday is National Drug Take Back Day and we've got everything you need to know about why and the risks of holding onto expired medications.
Avian Flu has not reached Pennsylvania, but the local dairy laid out steps they will take should it be detected in our area.
Dr. Matt Kocher and Victor Flinko now work together at UPMC Children's, but years ago, they formed a friendship while battling cancer.
The CDC and Prevention and FDA are warning people to beware of bogus Botox injections.
After Roe v. Wade was overturned, many women and men are taking the step of permanent contraception.
Troy Fautanu is the newest member of the Pittsburgh Steelers after being drafted in the first round.
Offensive lineman Troy Fautanu Fautanu was drafted No. 20 overall by the Pittsburgh Steelers.
Gary Sánchez hit a pinch-hit, two-run home run in the eighth inning to lift the Milwaukee Brewers to a 7-5 win over the Pittsburgh Pirates and a series split on Thursday.
The Pittsburgh Steelers selected offensive lineman Troy Fautanu in the first round.
William Contreras had three hits and the Milwaukee Brewers used one big inning to edge the Pittsburgh Pirates 3-2.
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 Pennsylvania school district has reversed the cancellation of an appearance by actor and children's book author Maulik Pancholy.
Some of Pittsburgh's favorite attractions will offer more than 100,000 free tickets this summer.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
A local businessman and his family were on an episode of "Family Feud" on Wednesday.
Works by Vermeer, Monet and Rembrandt are at The Frick Pittsburgh for part of the spring and summer.
KDKA-TV's Bob Pompeani and 93.7 The Fan's Chris Mueller discuss the sports topics of the day.
It's a weekend of all things Pittsburgh, food trucks, and block parties!
Saturday is National Drug Take Back Day and John Shumway spoke with one doctor about what you need to know about the risks of keeping expired medications in your home.
Hermas Craddock, who was wanted for leading state police on a high-speed chase and then skipping his court date, was taken into custody by Polk County Sheriffs on Thursday.
Get the latest weather updates with meteorologist Ron Smiley’s forecast!
We had a great time with the KDKA kids on both Pittsburgh Today Live and Talk Pittsburgh for Take Your Child to Work Day 2024!
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