Here are 3 ways lower interest rates could impact your money
The central bank's Monetary Policy Committee may decide to lower rates at its next meeting in September. Here's what it could mean for your money.
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The central bank's Monetary Policy Committee may decide to lower rates at its next meeting in September. Here's what it could mean for your money.
Federal Reserve chair Jerome Powell hinted that interest rates could finally come down in September, marking the first time in nearly a year. Consumer reporter Josh Sidorowicz is In Your Corner with what it could mean for your money.
Mortgage rates dropping to 6% would allow for more than 5 million more households to afford a home, according to the National Association of Realtors.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The reserve's cut to interest rates was more than many experts predicted. The interest rate cut may encourage more people to buy homes which could make the housing supply even tighter. The nonprofit Up For Growth in Pennsylvania estimates the state is 97,000 homes short of what's needed. CBS News National Correspondent Ash-har Quraishi found a city that came up with a strategy to create more housing.
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.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
The Fed is meeting today to decide whether to again raise rates as it battle inflation. Here's what it means for interest rates and mortgages.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The Federal Reserve is hitting the pause button on interest rates, thanks in part, to the latest inflation numbers from May. Jessica Kartalija reports. READ MORE: https://cbsloc.al/3qGC22S
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Because inflation is easing, Fed is increasing rates at slower pace. But borrowing will still be more expensive.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Ukee Washington reports.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
Are augmented reality T-shirts the way of the future? Art History 101 is banking on Eagles fans loving their AR shirt featuring Landon Dickerson.
"Eagles Shirley" Ann Dash has a new book out to help women understand football basics and fan etiquette.
Bucks County native James LeGette never planned on becoming a cheerleader. What began as a dare in middle school landed him on the NFL sidelines.
The Eagles and Cowboys begin the NFL season tonight in a Week 1 NFC East clash. Here are five storylines to watch.
For fans driving to Philadelphia Eagles games, here's what to know about parking at Lincoln Financial Field in 2025.
SEPTA has partnered with FanDuel to bring back sports express trains for the NFL season opener between the Eagles and Cowboys.
Are augmented reality T-shirts the way of the future? Art History 101 is banking on Eagles fans loving their AR shirt featuring Landon Dickerson.
For fans driving to Philadelphia Eagles games, here's what to know about parking at Lincoln Financial Field in 2025.
"Eagles Shirley" Ann Dash has a new book out to help women understand football basics and fan etiquette.
Bucks County native James LeGette never planned on becoming a cheerleader. What began as a dare in middle school landed him on the NFL sidelines.
Are augmented reality T-shirts the way of the future? Art History 101 is banking on Eagles fans loving their AR shirt featuring Landon Dickerson.
The Eagles and Cowboys begin the NFL season tonight in a Week 1 NFC East clash. Here are five storylines to watch.
On Wednesday, the Bensalem Rescue Squad announced a second medic unit will be stationed there full-time.
Most people celebrate turning 100 with cake. Pearl Atwood played nine holes of golf.
A financial advisor shares advice for what to do if you win a big lottery jackpot.
A 74-year-old woman and two other people were injured when she accidentally crashed into a Tesla dealership in Lawrenceville Township, police said.
As summer winds down, people at the Jersey Shore said they couldn't ask for a better Labor Day weekend.
One person died and another was injured in a crash on Route 206 in Burlington County, New Jersey, on Monday night, police say.
Newark Airport faced more ground stops Monday, as NYC's three major airports reported dozens of delays for the Labor Day travel rush.
Residents were displaced after a home in Gloucester Township's Glendora neighborhood was destroyed in a fire on Sunday, police said.
A 17-year-old was killed and three other people were injured in separate shootings in Wilmington on Labor Day, police said.
Fifth grader Trey Harrison, who was critically injured in a car crash five months ago, is finally heading home from the hospital.
Former employees at Currie Hair, Skin & Nails are demanding answers and unpaid wages following the sudden closure of the salon chain.
For thousands of students and parents in the Philadelphia region, Monday was a day of big smiles and bigger memories.
Actor Aubrey Plaza wore a shirt that says "Philly is a women's sports town" at a WNBA game in Brooklyn.
The first human case of West Nile virus in Delaware County for 2025 has been identified, the county's health department announced on Tuesday.
A Philadelphia group is collecting plants to bring to CHOP patients.
New Jersey government agencies are urging precautions against the mosquito-borne illness after multiple positive cases in humans.
Millions of strangers are wrapped up in Taylor Swift and Travis Kelce's engagement. The question is why? Here's the psychology of parasocial relationships.
Cancer survivors, doctors and advocates are calling on Congress to protect cancer research funding from cuts by President Trump.
Philadelphia boutiques and clothing shops are going all in for the Eagles as the 2025 NFL season starts vs. the Cowboys on Thursday.
A free grocery store in Philadelphia's Kensington neighborhood is once again bustling with customers after a nearby fire forced it to close weeks ago.
Former employees at Currie Hair, Skin & Nails are demanding answers and unpaid wages following the sudden closure of the salon chain.
Businesses along the boardwalk in Ocean City are hoping for nice weather and lots of foot traffic this Labor Day weekend.
The Lansdowne Theater, a historic landmark, is making a grand return for its next act for the first time in almost four decades.
Multiple people were hurt in a crash at Broad and Wallace streets Wednesday afternoon in Philadelphia, officials said.
SEPTA is looking for outside funding to bring back express trains for Thursday's Eagles game and reduce crowding.
One person died and another was injured in a crash on Route 206 in Burlington County, New Jersey, on Monday night, police say.
SEPTA apologized and said any rider who was charged $2.90 instead of $2.50 will receive a refund of 40 cents as soon as possible.
A judge granted a temporary injunction, preventing SEPTA from enacting further planned cuts to the transit system, including Regional Rail cuts and fare hikes set to take effect next week.
Are augmented reality T-shirts the way of the future? Art History 101 is banking on Eagles fans loving their AR shirt featuring Landon Dickerson.
"Eagles Shirley" Ann Dash has a new book out to help women understand football basics and fan etiquette.
Bucks County native James LeGette never planned on becoming a cheerleader. What began as a dare in middle school landed him on the NFL sidelines.
The Eagles and Cowboys begin the NFL season tonight in a Week 1 NFC East clash. Here are five storylines to watch.
For fans driving to Philadelphia Eagles games, here's what to know about parking at Lincoln Financial Field in 2025.
"Saquon," a feature-length documentary five years in the making produced by Martin Scorsese, will premiere on Oct. 9, 2025.
Major Twitch and YouTube streamer IShowSpeed visited Philadelphia as part of his "Speed Does America" tour.
Hayden Richard, a Chester-based painter, began a bold piece long before the Eagles lifted the Lombardi Trophy — envisioning a massive bald eagle bringing the championship home.
Whether you're about to throw something on the grill for a BBQ or simply enjoy the long holiday weekend, here's a list of things to do in the Philadelphia region.
Pop star Sabrina Carpenter spoke exclusively to "CBS Mornings" co-host Gayle King about her new album, "Man's Best Friend," her songwriting process and more.
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.
It's Birds Day, and everybody is rocking their Eagles green. Chandler Lutz shows us what fans are wearing.
Over 24 hours before the 8:20 p.m. kickoff, some of the most extreme tailgaters were arriving at Lincoln Financial Field to tailgate. Wakisha Bailey checks in with fans who were there hours before the lots opened at 1 p.m.
Someone in Pennsylvania won $1 million, but nobody won the jackpot in the Powerball lottery drawing on Wednesday night, so the jackpot will roll over to the Saturday, Sept. 6 drawing. Jan Carabeo has your latest morning headlines with weather from Kate Bilo.
Art History 101 in Frankford is making its Eagles streetwear come to life with augmented reality. Wakisha Bailey reports.
The Eagles cheerleaders represent their team on and off the field as brand ambassadors, community leaders and role models — and they're ready for a great start to the 2025 season, Chandler Lutz reports.