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.
On today's show, Matt discussed Jill Stein's failed recount effort in PA, Trump's reaffirmed victory in Wisconsin, and whether or not you're obligated to tip around the holidays. At 4pm retired secret service agent Robert Caltabiano joined the show to discuss potential Russian hacking of US political institutions. At 5:30pm author and Forbes contributor Chris Versace checked in to tell us what we can expect from the market before the years end.
Janet Yellen expects interest rates to "gradually increase," but she did not specify a timetable.
Federal Reserve Chair Janet Yellen's speech to the World Affairs Council in Philadelphia on Monday was a last chance to get insights into Fed thinking on its next rate move, before next week's monetary policy meeting.
The Fed's decision to raise rates is in many ways a healthy sign: It's a vote of confidence that the economy, 6½ years after the Great Recession officially ended, can finally withstand higher borrowing costs and keep growing at an acceptable pace.
"The media portrays him as just grabbing publicity, but I think he is taking a serious look at it and looking at all of the pros and cons," Forbes said.
The Chair of La Salle University's Economics department, Dr. David Robison, appeared on Talk Radio 1210 WPHT to discuss the latest meeting of the Federal Reserve.
Chris details the latest on the signup problems at healthcare.gov, criticisms being leveled at New Jersey Governor Chris Christie, and the case of cat hoarding at Grace Kelly's former house. He talks to John Hayward from Red State, Steve Cordasco on Finance Friday, and CBS 3's Beasley Reece.
Chris reviews President Obama's interview with local News Anchor Rick Williams, the NFL's announcement they will meet with a Native American group over the name of the Washington Redskins, and the President's appointment of Janet Yellen for the next Chair of the Federal Reserve. He talks to Steve Cordasco on Finance Friday and CBS 3's Beasley Reece.
Chris discusses Chris Christie's decision to ban conversion therapy in New Jersey, Ed Schultz return to MSNBC and the fight over gay marriage in Montgomery County. He also talks to Senator Pat Toomey and Dick Yuengling from the Yuengling Brewery.
This year, a pilot project in several states actually has the IRS getting help from different states in tracking down those engaged in ripping off your identity.
Federal authorities in Philadelphia say an airport baggage handler has been charged with stealing $20,000 in a new type of $100 bill never released to the public.
The training exercise consisted of blowing up a mass transit bus which contained artifacts from both the "victims" and the "perpetrator" -- items such as cell phones, keys, wallets and wedding rings.
The FBI is investigating the theft of a large sum of money from a plane that landed at Philadelphia International Thursday morning.
Chris discusses New York City's ban of large sodas and the Pennsylvania Supreme Court's hearing arguments on the voter ID law. He talks to Steve Cordasco on Finance Friday, the former Governor of New Hampshire John Sununu about the Presidential election, and CBS 3's Beasley Reece about the Phillies surge and the Eagles home opener against Baltimore.
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.
Chris talks to Senator Pat Toomey on the Senate vote to extend some of the Bush Tax Cuts, Steve Cordasco on Finance Friday, CBS 3's Beasley Reece on the opening of the Olympics and Michael Vick sell his new line of clothes, and to City Councilman Jim Kenney on his proposed resolution to condemn Chick-Fil-A.
Chris reviews the report on the Jerry Sandusky sexual abuse cover up released yesterday by Louis Freeh and he discusses the fallout with the Philly Posts Kevin Cirilli and CBS 3's Beasley Reece. He also talks to Steve Cordasco on Finance Friday, Former RNC Chairman Michael Steele, and Comedian Greg Proops.
Congress ordered the Mint, in 2005, to make four different dollar coins a year, each honoring a different president, until 2016. A handful of collectors seemed to be just about the only people interested in them.
Chris analyzes the early missteps of Rick Perry's Presidential Campaign and Verizon's ad campaign against their striking workers. He also talks to Phillies Play-by-Play Announcer Tom McCarthy about the unveiling of the Harry Kalas Statue last night at Citizens Bank Park.
