Up to 80 colleges may close in the next five years, according to a study from the Federal Reserve Bank of Philadelphia.

Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s 2% goal.

First Bank had a standout year in 2024, more than doubling its earnings to $44 million from just under $21 million in 2023 — ...

The impact of the Fed's combined 1% rate reduction over the last several months is already filtering through the banking ...

A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for ...

Higher interest rates that increase borrowing costs appear to be creating a growing financial strain on consumers.

The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well ...

So far, the central bank has moved slowly to recalibrate ... recently jumped to a 12-year high, according to a Philadelphia Federal Reserve report. "That means it is maybe more important ...

Voting FOMC members always include the president of the Federal Reserve Bank of New York and one each from the following four bank groups, based on a rotating schedule: Boston, Philadelphia and ...

President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.