Fed hikes key interest rate 0.75 percentage points as it battles inflation
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
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"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
The yearly rate of U.S. inflation fell to 8.3% in April, compared to a historic 8.5% in March, marking the first decline since August. WBZ-TV's Zinnia Maldonado reports.
Boston University's president says inflation is his "greatest immediate concern" ahead of the school's largest tuition increase in over a decade.
Amazon said Wednesday that for the first time in company history it will charge sellers a 5% fuel and inflation surcharge.
Consumers are dealing with higher prices, first at the gas pump and now at the supermarket.
The goal is to curb spending and start to slow the economy, which has seen the highest inflation in 40 years.
Thursday's inflation report showed record breaking numbers that hardly surprised consumers who have been feeling the brunt of increasing costs for months.
According to a Moody's report, inflation is already costing the average American family more than $200 extra a month.
The rising cost over everyday items is on the mind of many Americans. So how long will these inflation concerns last?
A government report released Friday shows that consumer prices jumped 6.8% over the last year, the highest rate reported since 1982.
Food prices in restaurants also saw the biggest rise in the past year since 1982.
There's no end in sight for higher prices.
Life is full of Obstacles! These are the barriers to your financial success.
WBZ News Radio's Financial Editor Dave Caruso reports on the Consumer Price Index showing stagnant growth and some disappointing news at Google.
By the time you fill up your tank and buy some groceries these days, there usually isn't much money left over.
WBZ News Radio's Bob Gough, in for Financial Editor Dave Caruso, takes a look at what the latest reports on inflation and manufacturing mean to the economy.
Massport said the Logan Airport remote terminal experience in Framingham could come to more Massachusetts cities and towns.
A key question in the Massachusetts murder trial of Lindsay Clancy is whether postpartum psychosis drove her to kill her three children.
eBay has agreed to pay a large settlement after a Massachusetts couple was the victim of a bizarre harassment campaign.
The MBTA and Massachusetts Gov. Maura Healey are announcing changes to make public transportation more affordable.
Curtis Mead left his first game with the Boston Red Sox after being hit on the left wrist by a pitch against the Athletics.
Massport said the Logan Airport remote terminal experience in Framingham could come to more cities and towns.
eBay has agreed to pay a large settlement after a Massachusetts couple was the victim of a bizarre harassment campaign.
A key question in the Massachusetts murder trial of Lindsay Clancy is whether postpartum psychosis drove her to kill her three children.
The Boston weather forecast is about to get stormy. Heavy rain and localized flooding is possible late Tuesday into Wednesday.
The MBTA and Massachusetts Gov. Maura Healey are announcing changes to make public transportation more affordable.
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."
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.
There's a proposal in Cambridge to limit customers at bars and restaurants to one drink every 30 minutes.
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.
Curtis Mead left his first game with the Boston Red Sox after being hit on the left wrist by a pitch against the Athletics.
Ceddanne Rafaela hit his first major league grand slam and the Boston Red Sox beat the Athletics 4-2 Monday night.
Michael Lombardi joined Bill Belichick in making the NFL-to-college move when North Carolina hired the former New England Patriots coach in 2024.
The Red Sox bounced back from snapping their 15-game winning streak by winning two out three over the visiting Toronto Blue Jays.
The Boston Red Sox acquired infielder Curtis Mead from the Washington Nationals for left-hander Connelly Early on Saturday night.
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.
A seal pup was spotted hanging ten on a boogie board off the cost of Maine this Fourth of July.
Avi Loeb, a Harvard astronomer who has made headlines with his theories about alien encounters, will lead a White House scientific advisory council on UFOs.