Here's the impact of the Fed's rate cut decision today
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
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The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
As Americans collected government aid and saved, new numbers show household wealth surged during the pandemic.
As Americans collected government aid and saved, new numbers show household wealth surged during the pandemic.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
House prices just ended a 10-year streak, marking the first monthly year-over-year price drop since 2012.
A new economic report could pressure the Federal Reserve to raise interest rates again.
The U.S. Census Bureau said retail sales surged 3% in January. That surpasses the 1.8% economists had estimated, and it follows a slight decline in December.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
The Federal Reserve boosted interest rates again in a move to slow the inflation rate.
If we are headed for a recession, here's what you need to know to protect your pocketbook.
If we are in fact headed for a recession, what are some things you can do to make sure you "recession-proof" yourself? KDKA's John Shumway has some advice.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
The Fed could lift rates by 0.75-percent.
Police are searching for a home invasion suspect in Pittsburgh's Squirrel Hill neighborhood.
Two trophy-class antlered white-tailed deer were illegally killed in Forest County, Pennsylvania, the Game Commission said.
Many students in Pittsburgh are doing great work and research at many of the city's universities.
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
Matt Campbell was hired as Penn State's coach, ending a two-month search by the Nittany Lions to find James Franklin's successor.
Police are searching for a home invasion suspect in Pittsburgh's Squirrel Hill neighborhood.
Two trophy-class antlered white-tailed deer were illegally killed in Forest County, Pennsylvania, the Game Commission said.
Many students in Pittsburgh are doing great work and research at many of the city's universities.
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
Matt Campbell was hired as Penn State's coach, ending a two-month search by the Nittany Lions to find James Franklin's successor.
A Pittsburgh attorney has filed a petition on behalf of the family of a Colombian man killed in a U.S. military strike on a boat in the Caribbean.
Republican Rep. Brian Fitzpatrick said he was readying a plan that would extend the Affordable Care Act subsidies for two years.
President Trump, facing criticism that he's focused more on international issues than kitchen-table concerns, will rev up his domestic messaging, two GOP sources said.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
The Trump administration says it will withhold funds for administering SNAP food aid in most Democratic-controlled states starting next week unless they provide data about those receiving the assistance.
Federal funding will finally be available to thousands of families in Pennsylvania to help pay their heating bills.
Electric prices in Pennsylvania are going up next month.
Saturday's grand opening included live music, food, and a meet-and-greet with Lego Master Krist Kay.
Thursday will be the first time many people cook and host Thanksgiving dinner - here's how you can avoid illness and danger.
To much fanfare, the 51st Aldi opened in the Pittsburgh area on Thursday morning.
Heather and David are taking a look back at the week.
The 5th annual PTL Toy Drive is tomorrow!
Downtown Pittsburgh is coming alive with a holiday flair.
For the first time in nearly a quarter century, the Pittsburgh Ballet Theatre is unveiling a brand-new version of "The Nutcracker."
The stars are in town for Steel City Con. Chris DeRose has more about what to expect.
Veterans are outraged after learning about damage done to gravesites at a cemetery in Fayette County.
Artificial intelligence is watching where people park in Pittsburgh.
Drivers who were convicted of infractions years ago are being told to surrender their licenses or file costly appeals because Allegheny County never processed the paperwork.
For most students, the most dangerous part of their day is going to and from school.
Shopping malls are under threat from online shopping and disappearing customers, and many are facing the wrecking ball.
A CDC vaccine panel voted to stop recommending the birth dose of the hepatitis B vaccine.
Western Pennsylvania counties are seeing vaccination rates fall among school-aged children.
The discussion happens every year: shoveling snow can lead to heart attacks, and one AHN cardiologist explains why it's a risk.
A little boy from Delaware County is getting his once-in-a-lifetime wish, just in time for the holidays.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
Matt Campbell was hired as Penn State's coach, ending a two-month search by the Nittany Lions to find James Franklin's successor.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
The Panthers and Badgers' 2026 game has been canceled, but the schools will meet in Dublin in 2027.
Skenes and Dunne joined a two-day USO Tour and visited sailors abord the USS Gerald R. Ford and the USS Mahan.
It all starts Friday night at the Petersen Events Center in Oakland.
Members of the Newspaper Guild of Pittsburgh voted last week to end their three-year-long walkout.
Norfolk Southern railroad worked with the state of Ohio and Youngstown State University to revive plans for a $20 million first responder training center near the site of the worst derailment in a decade in East Palestine, Ohio.
A report on the future of water in central Ohio warns that industrial demands for water will skyrocket at the same time experts expect farmers will need to regularly irrigate their fields.
The U.S. Department of Energy says it's loaning $1 billion to help finance the restart of the nuclear power plant on Pennsylvania's Three Mile Island.
A new Barnes & Noble is coming to Pittsburgh.
Vanessa Hudgens and former Pittsburgh Pirates player Cole Tucker welcomed their second child.
Christina Aguilera and Liev Schreiber were spotted at Wednesday's Pittsburgh Penguins game at PPG Paints Arena.
Jimmy Cliff, who famously sang about the "many rivers" we all must cross, has died after suffering a seizure and pneumonia, his family say.
Donald Glover, who performs under the moniker Childish Gambino, revealed he suffered a stroke last year, which forced him to cancel his tour.
Fans of Jeff Goldblum are seeing double.
Police are searching for a home invasion suspect in Pittsburgh's Squirrel Hill neighborhood.
Stay on top of local weather with First Alert Meteorologist Ray Petelin's forecast!
Air Force Staff Sgt. Andrew Wolfe is "slowly healing" after last week's shooting in Washington, D.C., West Virginia Gov. Patrick Morrisey said Friday.
Many students in Pittsburgh are doing great work and research at many of the city's universities.
A CDC vaccine panel voted to stop recommending the birth dose of the hepatitis B vaccine.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
West Virginia scored a late touchdown to tie the game and then beat Pitt in overtime to win the 108th Backyard Brawl.
