Interest rates rise again, but next month could be better
WBZ-TV's Brandon Truitt reports.
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WBZ-TV's Brandon Truitt reports.
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Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman, has withdrawn from consideration, the White House said Sunday.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.
