Fed Chair Jerome Powell signals "time has come" for interest rate cuts
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
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Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
In North Carolina, Harris took note of falling inflation but added, "Still, we know that many Americans don't yet feel that progress in their daily lives."
Wall Street is increasingly jittery about the health of the U.S. economy. Here's what the experts say about the chances of a recession.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
State lawmakers failed to reach a deal before the deadline Sunday night.
In the first debate of the 2024 presidential election, President Biden and former President Donald Trump discussed their records on the economy, their positions on abortion and much more. Reporter Dan Snyder has the highlights.
The stage is set for the first 2024 presidential debate, and both President Biden and former President Donald Trump are expected to discuss the economy.
President Joe Biden addressed the economy, immigration and foreign wars in his State of the Union speech. Sen. Katie Britt provided the Republican response.
Economic issues hit Sesame Street, as Cookie Monster takes to social media to complain his favorite food is getting smaller.
Rowan University has a $2.9 billion economic impact on New Jersey, according to a study commissioned by the university.
UPS will lay off 12,000 workers and says it is ordering employees to return to the office five days a week.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
The term "greedflation," refers to companies using inflation as cover to raise prices and boost profit.
The poll also dives into the impact the economy is currently having on Americans.
Cathedral Kitchen has a mission of helping people out of food insecurity at a time when food insecurity is on the rise in the U.S. Wakisha Bailey reports.
A $2 bill with a red seal can sell for $300 to $2,500. Those with brown or blue seals can sell for hundreds.
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
Many Americans are sour about the economy as median household incomes took a hit in one-third of U.S. states, while stagnating elsewhere.
The United Auto Workers union says members at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday.
Mortgage rates increased again this week and made history but one realtor says this is still the time to buy.
Pennsylvania's unemployment rate has fallen to a new record low and is at the same rate as the rest of the nation.
The job cuts at CVS are not expected to impact customer-facing roles like those at pharmacies and clinics.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Hiring reflects a sharp slowdown compared with May, reflecting economic headwinds facing some businesses.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
A 34-year-old man riding a motorcycle died after a crash in Northeast Philadelphia on Tuesday, police said.
Police say a person was shot and a suspect was arrested after a shooting on a SEPTA platform in Center City, Philadelphia, on Tuesday.
Upgrade your home entertainment with the Samsung Frame TV for just $900 during the Discover Samsung fall event.
Discover the new, budget-friendly Apple AirPods 4 and learn which model is best suited to meet your audio needs.
Eagles head coach Nick Sirianni opted not to play his starters in the preseason, and once again, he was proven right in Brazil.
The ABC News-hosted debate is the first time Donald Trump and Kamala Harris will face off on the issues.
A 34-year-old man riding a motorcycle died after a crash in Northeast Philadelphia on Tuesday, police said.
Police say a person was shot and a suspect was arrested after a shooting on a SEPTA platform in Center City, Philadelphia, on Tuesday.
Eagles head coach Nick Sirianni opted not to play his starters in the preseason, and once again, he was proven right in Brazil.
A few people on social media thought they might have seen a comet, meteor or UFO over the Philadelphia region - it was actually a SpaceX launch.
Police say a person was shot and a suspect was arrested after a shooting on a SEPTA platform in Center City, Philadelphia, on Tuesday.
A few people on social media thought they might have seen a comet, meteor or UFO over the Philadelphia region - it was actually a SpaceX launch.
Tonight's debate between Vice President Kamala Harris and former President Donald Trump will give Philadelphia-area college journalists a taste of the national political scene.
Philadelphia-area institutions like Widener University and Temple University are hosting debate watch parties as educational opportunities for students.
U.S. Secretary of Transportation Pete Buttigieg sat down with CBS News Philadelphia's Jim Donovan after a new training vessel was christened at the Philly Shipyard.
A few people on social media thought they might have seen a comet, meteor or UFO over the Philadelphia region - it was actually a SpaceX launch.
The school district in Dennis Township told residents to keep children at home as State Police searched the area.
Philadelphia Mayor Cherelle Parker will host a town hall on Wednesday night about the 76ers' proposed arena in Center City.
Photos by HughE Dillon
There's new hope for people with sickle cell disease which affects mainly African Americans. It's gene therapy research at Children's Hospital of Philadelphia that's being called a game changer.
Temperatures over the next few days and nights may be the chilliest since last May, and highs Sunday only reach reach the low 70s in Philadelphia.
Grab your umbrella before heading out in the Philadelphia area on Saturday; there's rain in the forecast.
A tractor-trailer crash near Airport Road is blocking multiple lanes of I-95 southbound on Friday morning.
High pressure continues to be our dominant weather feature as we head through Friday in the Philadelphia region, but then things start to change a bit.
Wilmington police said a man was shot outside the Sunoco gas station, near 30th and Market streets, Wednesday afternoon.
There's new hope for people with sickle cell disease which affects mainly African Americans. It's gene therapy research at Children's Hospital of Philadelphia that's being called a game changer.
Alexis Rodriguez, a 30-year-old mother and nursing student at Chamberlain University in New Jersey, was awarded the Dedication and Persistence Award during a ceremony Friday.
A Chester County woman's journey to motherhood had a gigantic roadblock. She beat cervical cancer and is now planning on having another baby.
Nearly 134,000 cases of multiple brands of apple juice are now being recalled because of of potential contamination.
A nationwide listeria outbreak blamed for nine deaths is turning into a potential legal nightmare for food maker Boar's Head.
Hotels and restaurants in Philadelphia are hoping the debate between Kamala Harris and Donald Trump brings a boost for business.
Through Sept. 21, foodies can enjoy three-course prix-fixe dinners for just $40 or $60. Or if you're hungry for an early dinner, restaurant-goers can grab a two-course lunch for just $20.
Aramark food service workers at Lincoln Financial Field voted to authorize a strike on Friday, the same evening the Eagles kicked off the 2024 season against the Packers in São Paulo, Brazil.
Months after pharmacy chain Rite Aid filed for bankruptcy and got fresh financing amid struggling sales and opioid-related lawsuits, the company says it has completed its restructuring.
Opera Philadelphia is offering $11 tickets with the goal of making their art more accessible to everyone.
Kamala Harris and Donald Trump will take the stage at the National Constitution Center in Philadelphia on Tuesday night as preps are underway around the city.
Drivers should expect traffic and lane closures near the National Constitution Center ahead of the presidential debate between Kamala Harris and Donald Trump.
A tractor-trailer crash near Airport Road is blocking multiple lanes of I-95 southbound on Friday morning.
New Jersey State Police say two people were killed in an accident on Route 55 Thursday in Mantua Township, Gloucester County.
SEPTA says a Key card will no longer get riders a $0.50 discount and Regional Rail discounts will also be eliminated.
Eagles head coach Nick Sirianni opted not to play his starters in the preseason, and once again, he was proven right in Brazil.
Philadelphia Mayor Cherelle Parker will host a town hall on Wednesday night about the 76ers' proposed arena in Center City.
Kody Clemens singled with the bases loaded in the bottom of the ninth to help the Phillies beat the Rays 2-1.
Jason Kelce made his "Monday Night Countdown" debut on ESPN and went viral in the process.
Family and friends came together Monday at St. Mary Magdalen Church in Delaware County for a funeral for Johnny and Matthew Gaudreau.
Emmy and Tony Award-winning actor James Earl Jones' majestic voice became internationally recognized as the villainous Dark Lord in the "Star Wars" franchise.
Catherine, Princess of Wales, says she's finished chemotherapy less than six months after she announced her cancer diagnosis.
Kendrick Lamar will headline his first Super Bowl Halftime Show at the event in New Orleans next year.
Eagles season is taking flight and fall festivals are popping up as the Philadelphia area kicks off the first official weekend in September.
Rich Homie Quan was one of the biggest names in hip-hop in the mid-2010s.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
At least one person was shot and one person was taken into custody, police on scene said.
Four civilians are on their way to making history in space as SpaceX launched the Polaris Dawn before sunrise Tuesday .
Vice President Kamala Harris and former President Donald Trump will face off tonight in their first presidential debate at the National Constitution Center in Philadelphia. Meanwhile, it's primary election day in Delaware.
Students at Drexel and West Chester universities are preparing to cover their first presidential debate, and shared what questions they'd want to ask candidates Donald Trump and Kamala Harris if given the chance.
Vice President Kamala Harris and former President Donald Trump will debate each other for the first time Tuesday at 9 p.m. at the National Constitution Center in Philadelphia. Tuesday morning, street closures will be in effect from Arch to Market streets between 4th and 7th streets.