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.
Trial jurors said they couldn't agree on the more serious charge of murder, prompting the judge to declare a mistrial on that count.
It will be an up-and-down weather weekend for Mother's Day in Pittsburgh, with rain, sun, clouds, and mild temperatures.
Just before midnight, two people were trapped in stalled cars on the Monongahela Incline.
Police said that George Mitchell was wanted in connection with a deadly stabbing and a hit-and-run crash.
Caribbean Village Fusion was hit with more than a dozen violations during a recent health inspection.
Trial jurors said they couldn't agree on the more serious charge of murder, prompting the judge to declare a mistrial on that count.
It will be an up-and-down weather weekend for Mother's Day in Pittsburgh, with rain, sun, clouds, and mild temperatures.
Just before midnight, two people were trapped in stalled cars on the Monongahela Incline.
Police said that George Mitchell was wanted in connection with a deadly stabbing and a hit-and-run crash.
Caribbean Village Fusion was hit with more than a dozen violations during a recent health inspection.
Pennsylvania state lawmakers on both sides of the aisle are talking about suspending the gas tax for some relief.
Democratic Gov. Josh Shapiro raised $3.6 million over five weeks, an aide said.
Live updating Ohio primary election results for May 5, 2026.
A Character AI chatbot falsely claimed to be a licensed psychiatrist in Pennsylvania and provided an invalid license number, the state alleged.
Voters headed to the polls on Tuesday in Ohio and Indiana — in the Buckeye State, they cast ballots in Senate, House and governor's primary races, while Hoosiers are weighing in on House and state races.
Pennsylvania state lawmakers on both sides of the aisle are talking about suspending the gas tax for some relief.
If you're about to throw out all of those old documents while spring cleaning, there are some you should hold onto.
All three remaining Smokey Bones locations in the Pittsburgh area have closed after the restaurant chain's parent company filed for bankruptcy.
Wegmans now owns the land in Cranberry Township that will house its first Pittsburgh-area location.
As the war in Iran continues, the impact is hitting Americans' wallets, especially at the gas pump.
Pittsburgh Magazine's Sean Collier joins us like he does every Thursday for the best weekend events happening in the 'Burgh!
All across Pittsburgh, schools, museums, parks, and libraries are turning into "hands-on hubs" for learning and Yu-Ling Behr of Kidsburgh joins us to tell us what fun your kids could be having!
In just one week, Heather Abraham and David Highfield will throw out the first pitch at PNC Park, so they called in an old friend for some pointers!
Getting a chance to walk on the field at PNC Park is basically a once-in-a-lifetime opportunity, but not only can you do that, it will be for a good cause!
Anna Hazo was born and raised in Pittsburgh, and at just 25 years old, she's been writing music. Now, from a studio created by herself, she's got a song that this year's graduates will be humming for a long time.
An artist in Pittsburgh said the Steel City clothing company used his artwork without his permission.
Alcosan's multi-billion-dollar construction project to clean up the rivers in southwestern Pennsylvania is already over budget.
Pennsylvania prisons now give suboxone to thousands of inmates, with thousands more on the waiting list.
After suffering roof damage from this year's brutal winter, a Pittsburgh family says their insurance company has left them with even bigger problems.
The Downtown Neighbors Alliance's board voted Thursday to dissolve the organization.
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
A new report from Public Citizen identified several Pittsburgh-area hospitals that could be at risk of closing due to federal budget cuts.
Allegheny Health Network's Psychiatry and Behavioral Health Institute moved to a new space on Friday.
Across the country, there's a rise in cases of a seasonal illness that's causing medical professionals to speak out.
As nurses from UPMC Magee Womens Hospital continue to negotiate their first union contract, two of them visited D.C. to fight for their patients.
Brandon Lowe had three hits, including his 10th homer, and Joey Bart also went deep to back Mitch Keller, and the Pittsburgh Pirates beat the Arizona Diamondbacks 4-2.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
The Penguins announced contract extensions for forward Connor Dewar and defenseman Ilya Solovyov.
Paul Skenes threw eight brilliant innings in one of the best outings of the young star's career, Brandon Lowe hit a solo homer and the Pittsburgh Pirates edged the Arizona Diamondbacks 1-0.
The former left fielder and coach died on Monday, May 4.
If you're about to throw out all of those old documents while spring cleaning, there are some you should hold onto.
The hole left behind by Spirit will hit businesses and rental companies within Arnold Palmer Regional Airport.
The bar served its final pints Sunday night after 43 years in Oakland, near the heart of Pitt's campus.
Arnold Palmer Regional Airport officials are confident they'll be able to replace Spirit Airlines after the airline shut down early Saturday morning.
The Atlanta-based railroad said Friday that it earned $547 million, or $2.43 per share, down from $750 million, or $3.31 per share, a year ago.
Ten Carnegie Mellon University alumni have snagged nominations for Tony Awards.
A converted church in rural central Pennsylvania has become a place where musicians with Amish roots are coming to record music and make videos.
The newly announced tour will be at PPG Paints Arena for two nights in September.
Musgraves will perform at PPG Paints Arena on Tuesday, September 8.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Just before midnight on Thursday, two people had to be rescued from the Mon Incline after the cars became stalled.
Just before midnight on Thursday, two people had to be rescued from the Mon Incline after the cars became stalled.
Get the latest weather updates with meteorologist Ron Smiley’s forecast!
Nearly 9,000 colleges and universities have been impacted by the cyberattack.
Shaler beats Plum on Thursday to win the inaugural WPIAL flag football championship.
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.
