Fed lifts interest rates another 0.75 percentage point
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
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Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
"Extraordinary" rate hike comes on the heels of another sharp increase in June. That means debt is about to get more expensive.
WBZ-TV's David Wade breaks down what the Federal Reserve's interest rate hike means for you.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
A blogger has come up with a way to get people to save more: zero dollar days.
The Federal Reserve raised a key interest rate to a quarter of a percent Wednesday, marking the end of a decade of near-zero rates.
Federal Reserve chairwoman Janet Yellen "felt dehydrated at the end of a long speech under bright lights" Thursday in Massachusetts and was seen by medical personnel as a precaution, the Fed said in a statement.
According to the National Council on Aging, more than 13 million older adults are considered economically insecure, living on less than $22,000 a year.
The financial choices in our lives are overwhelming. It's become a lot more complicated and involves a lot more planning than it used to.
Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman, has withdrawn from consideration, the White House said Sunday.
According to The Fair Isaac Company, 37% of consumers who use credit cards carry more than $10,000 of debt.
The latest Federal Reserve numbers from January has revolving consumer debt at $851 billion dollars.
A new study by the Federal Reserve finds that the Greater Boston labor force is much younger than earlier believed.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Stocks burst forward after positive comments from the head of the Federal Reserve.
The Office of Consumer Affairs' survey found many don't do enough to protect their finances.
Which do you want first? The good news coming out of the Federal Reserve's latest survey of New England business? Or the bad news? I'll give you both.
According to the National Council on Aging, more than 13 million older adults are considered economically insecure, living on less than $22,000 a year.
Police say they're investigating a rash of graffiti vandalism in Downtown Boston that took place in the last 24 hours.
Credit has been the number one concern at my conferences this past winter, not unemployment but debt!
The Federal Reserve checks in with local businesses eight times a year to gauge how the economy is doing.
Despite high unemployment in the region, experts see a labor shortage looming in New England.
The Federal Reserve this time around is pumping more than half a trillion dollars into the economy, and this economic decision made by anonymous faces far away has the power to reach your wallet.
The Lindsay Clancy trial resumed with testimony from doctors who treated Clancy and her children on the night of the murders.
The Boston Red Sox have reportedly traded for Baltimore Orioles catcher Adley Rutschman just ahead of the MLB trade deadline.
A Somerville, Massachusetts firefighter is accused of running a World Cup ticket scam that brought in more than $14,000.
A law firm is investigating a potential class action lawsuit following a cyberattack that exposed information tied to some Chick-fil-A One loyalty accounts.
Zac Brown Band celebrated their 15th straight sold-out concert at Fenway Park in Boston by giving everyone a free vacation on a cruise ship.
The Lindsay Clancy trial resumed with testimony from doctors who treated Clancy and her children on the night of the murders.
The Boston Red Sox have reportedly traded for Baltimore Orioles catcher Adley Rutschman just ahead of the MLB trade deadline.
A Somerville, Massachusetts firefighter is accused of running a World Cup ticket scam that brought in more than $14,000.
Zac Brown Band celebrated their 15th straight sold-out concert at Fenway Park in Boston by giving everyone a free vacation on a cruise ship.
Boston weather forecast maps show where heavy rain and storms are expected Monday.
Several people in New Hampshire have cyclospora infections linked to Taylor Farms lettuce.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Massachusetts is reporting cases of cyclosporiasis, a disease caused by a stomach parasite that can lead to "explosive" diarrhea.
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia.
An I-Team investigation into a brazen case of alleged land theft in Concord, Massachusetts has led to criminal charges nearly two years later.
With the Brigham and Women's Hospital nurses strike looming, some parents of newborns in the NICU are sounding the alarm.
A Malden, Massachusetts woman said National Grid took more than $28,000 out of her bank account for a gas bill that she didn't owe.
A Massachusetts family thought their Vrbo stay would be protected after they had to cancel their trip to Hawaii due to severe weather. Now they're out $12,000.
A driver from Southboro, Massachusetts struggled for months to unravel a frustrating mix up with his E-ZPass account.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
Both the Trump and Healey administrations are using government websites to blame each other for the shutdown.
Which party stands to take more of the blame from voters for the government shutdown? Here's what a new poll says.
A UNH Survey Center/Granite State poll shows John Sununu crushing Scott Brown by 23 points among likely primary voters in New Hampshire.
Seth Moulton said he's running against Sen. Ed Markey because "our party leaders are clinging to that old playbook."
Panera Bread is moving its headquarters from St. Louis to Weston, Massachusetts.
Breaking Grounds Cafe, a Peabody, Massachusetts coffee shop known for employing people with disabilities, is closing.
The buildings that house the Somerville Theatre and the Capitol Theatre in Arlington, Massachusetts are for sale.
Golden Temple and Party Favors in Brookline are closing after a combined 100 years in business.
There are no more Hooters restaurants left in Massachusetts.
Beauport, the Sleeper-McCann House has become one of New England's most imaginative seaside estates.
Blending clean modern lines with the warmth of a classic seaside retreat, this stunning North Shore coastal home was designed to feel both elevated and inviting.
Set across thirty acres of rolling lawns, wooded trails, and contemporary outdoor art, deCordova Sculpture Park and Museum invites visitors to experience art in the landscape.
James Beard Award-winning chef and restaurateur Karen Akunowicz has become known for her bold, Italian-inspired cooking and unmistakable culinary voice.
Just a short drive from Newport, the Norman Bird Sanctuary spans 300 acres of fields, forests, and coastal trails with sweeping views and more than six miles of hiking paths.
The Boston Red Sox have reportedly traded for Baltimore Orioles catcher Adley Rutschman just ahead of the MLB trade deadline.
Ceddanne Rafaela homered for the third straight game and the Boston Red Sox beat the Los Angeles Dodgers 8-4 to sweep the three-game series.
Michael Thorbjornsen of Wellesley, Massachusetts won his first PGA Tour title at the Rocket Classic on Sunday.
Ja'Lynn Polk, the former New England Patriots second-round pick, has decided to retire from the NFL at 24 years old, according to reports.
Andruw Monasterio hit a ground-rule double to lead off the eighth and scored the go-ahead run on Connor Wong's double-play grounder as the streaking Boston Red Sox edged the Los Angeles Dodgers 3-2.
Natick says it is installing a new floating boardwalk across Pickerel Pond.
Rising ocean temperatures are drawing more hammerhead sharks to New England waters, researchers say.
Some of the oldest military veterans in Massachusetts were honored with special flights on Friday in a World War II-era aircraft.
After marrying Taylor Swift and Travis Kelce, Adam Sandler went to Nantucket in search of a basketball court.
An injured hiker had to be carried off a New Hampshire mountain on a stretcher, but that didn't stop her from getting engaged.