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 Fed could lift rates by 0.75-percent.
The expected 0.75-percent boost would be the biggest since 1994. KDKA's Lindsay Ward has the story.
It will be the largest rate hike in more than two decades, so why is the Federal Reserve making this move?
For the second time since 2018 the Federal Reserve is expected to hike interest rates. KDKA's Lindsay Ward has the details and how this will impact your wallet.
The Federal Reserve is working to mitigate the financial fallout from coronavirus and that includes lowering mortgage rates.
The U.S. Federal Reserve slashed its benchmark interest rate by a full percentage point in a response to the COVID-19 outbreak.
For the second time in three months, the Federal Reserve has cut interest rates so what does this mean for consumers?
Chances are good you used a credit card to pay for Christmas holiday gifts this year. Now comes paying off that debt just as interest rates go up in 2017.
U.S. consumer prices edged down in August, marking the first decline in seven months and fueled by a big drop in gasoline prices.
PITTSBURGH (NewsRadio 1020 KDKA) - Does it feel like the money you earn doesn't go as far as it once did? In his new book "Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It", Steve Forbes says that it doesn't. The Chairman and Editor in Chief for Forbes Media and former presidential candidate joined KDKA's Larry Richert and John Shumway to talk about the current state of the economy.
The unemployment rate fell nationally last month, but not as much as some had hoped.
Dr. Webster Tarpley joined host Chris Moore to discuss a problem a l0t of American adults are facing, that problem is student loan debt.
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.
The U.S. Senate and Federal Reserve are hammering out the final details on big changes that will affect how you use your debit card.
Storm damage cleanup is continuing across multiple counties in western Pennsylvania.
Pittsburgh police are investigating after an adult male was found dead inside a garage Sunday evening.
Michael Harris II hit a three-run double in the seventh inning, and the Atlanta Braves beat the Pirates 3-2 to complete a three-game sweep.
Pennsylvania American Water has issued a boil water advisory for customers in Clairton.
An early morning fire in Sharon put four people in the hospital, and three ultimately died from their injuries.
Storm damage cleanup is continuing across multiple counties in western Pennsylvania.
Pittsburgh police are investigating after an adult male was found dead inside a garage Sunday evening.
Michael Harris II hit a three-run double in the seventh inning, and the Atlanta Braves beat the Pirates 3-2 to complete a three-game sweep.
Pennsylvania American Water has issued a boil water advisory for customers in Clairton.
An early morning fire in Sharon put four people in the hospital, and three ultimately died from their injuries.
A Pennsylvania state lawmaker is proposing giving taxpayers $250 to celebrate America's birthday.
Two men wounded in a shooting during then-presidential candidate Donald Trump's 2024 rally at the Butler Farm Show grounds are suing the United States.
A fractured majority of Republican justices sided with a sweeping challenge brought by local and county officials against Oak Run Solar.
The move by Republican Gov. Mike DeWine comes as tax breaks for energy-hungry AI data centers are increasingly playing a role in state budgets.
Allegheny County Sheriff Kevin Kraus is suing over a ballot referendum that he says would illegally impose term limits on his position.
A Pennsylvania state lawmaker is proposing giving taxpayers $250 to celebrate America's birthday.
Buc-ee's plans to open another store in Ohio, bringing its gas station, convenience store and smiling buck-toothed beaver mascot closer to the Pennsylvania stateline.
A James Beard Award-nominated bar is coming back to Pittsburgh.
What if what's sitting in your jewelry drawer is worth more than you think?
The price of electricity in Pennsylvania is going up next month.
Daisy Jade is getting some facetime with 90s legends, The Spin Doctors, who will be the Friday headliner at the arts festival!
Mikey Hood is checking out the wild side of the arts festival with the Neighborhood Ford Store!
Randy Fenoli of "Say Yes To The Dress" fame, joins Heather and David for a special chat ahead of his appearance at the Rivers Casino.
The Artist Market is a place to discover something unexpected, and now, you just have to find a place to display that something unexpected! Boaz Frankel is giving you a look at many of this year's offerings!
Heather and David are getting a first "hand" look at how the Squonk Joy Machine transforms music into an interactive, musical playground!
Pittsburgh's fire boat has been on the water for nearly a decade, but it hasn't seen much action.
A lawsuit has been filed over the smell neighbors say is coming from the Sherwin-Williams plant in Rochester.
Naida Reed contacted KDKA Investigates after she said Pittsburgh Water failed to follow through on what crews allegedly promised.
What if what's sitting in your jewelry drawer is worth more than you think?
A Bethel Park homeowner says he's out thousands of dollars after hiring a contractor to replace his front porch.
Lone star ticks have been found in Franklin and Erie counties in Pennsylvania.
Pittsburgh, with its natural beauty and parks, can be a great place for people to put the phones down and enjoy life.
Doctors say it looks like it will be a bad season for tick-borne diseases.
Temperatures could reach into the 90s this week in Pittsburgh, and that impacts everything, including your sleep.
Frontline healthcare workers at Butler Memorial Hospital overwhelmingly approved their first union contract on Friday.
Michael Harris II hit a three-run double in the seventh inning, and the Atlanta Braves beat the Pirates 3-2 to complete a three-game sweep.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
The Atlanta Braves recovered after losing an early three-run lead to beat the Pittsburgh Pirates 6-3 and clinch another series win.
Golden Tempo made Cherie DeVaux the first woman to train a Kentucky Derby winner and the second woman to train a Belmont Stakes winner.
West Virginia hosts Cal Poly in the 2026 NCAA super regionals at noon at Kendrick Family Ballpark.
Buc-ee's plans to open another store in Ohio, bringing its gas station, convenience store and smiling buck-toothed beaver mascot closer to the Pennsylvania stateline.
A James Beard Award-nominated bar is coming back to Pittsburgh.
A fractured majority of Republican justices sided with a sweeping challenge brought by local and county officials against Oak Run Solar.
The move by Republican Gov. Mike DeWine comes as tax breaks for energy-hungry AI data centers are increasingly playing a role in state budgets.
Ohio's tax break for data centers is costing the state far more than expected.
The second of two shows at Acrisure Stadium, originally scheduled for Saturday night, has been canceled, according to Wallen.
Ahead of a packed weekend here in Pittsburgh, many are taking to the three rivers ahead of a big country show.
Now that Arts Landing is open, the Three Rivers Arts Festival will have a permanent home.
The trailer teases a high-stakes Robin Hood-esque bank heist from a star-studded crew.
Joe Negri, known to many as Handyman Negri on "Mr. Rogers' Neighborhood," has died at the age of 99, just days shy of his 100th birthday.
Storm damage cleanup is continuing across multiple counties in western Pennsylvania following severe weekend storms. KDKA-TV's Ricky Sayer shares the latest details.
Thousands of residents across the Pittsburgh area are still without power following severe storms on Saturday. KDKA-TV's Ricky Sayer reports from Washington County with a look at how locals are cleaning up.
Stay on top of local weather with First Alert Meteorologist Trey Fulbright's forecast!
Stay on top of local weather with meteorologist Mary Ours’s forecast!
Saturday's severe weather across the Pittsburgh region created a scary situation for one homeowner. Not only did part of a tree fall onto a home in Fayette County, but the entire home lifted off its foundation, shifting a few feet. KDKA-TV's Ricky Sayer reports.
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
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.
