Federal Reserve holds interest rates steady, but trims growth outlook
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
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Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
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 said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
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 has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After raising rates from zero to 5% in 15 months, the central bank is pausing to assess the economic impact of monetary tightening.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
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.
Smith, 52, is also responsible for $48 million in restitution and will be on supervised release for three years once he serves out his sentence.
A Michigan man has pleaded guilty to charges resulting from a large-scale unemployment insurance fraud scheme.
Motorists in Brighton need to detour around a sinkhole while city crews repair the road.
Detroit Pistons fans are getting into the fun of the team facing its first NBA playoff run since 2019.
The Detroit Pistons, Tigers and Lions are giving the Motor City a reason to celebrate for a change.
A 32-year-old Venezuelan man reportedly took a wrong turn onto the Ambassador Bridge, crossing into Canada, while delivering food back in January, and has since been detained and deported to El Salvador.
Smith, 52, is also responsible for $48 million in restitution and will be on supervised release for three years once he serves out his sentence.
A Michigan man has pleaded guilty to charges resulting from a large-scale unemployment insurance fraud scheme.
The Attorney General's Office said they were related to a vandalism investigation.
The president is set to be in Michigan on Tuesday, according to press secretary Karoline Leavitt.
The operations of Tribar's Wixom location will be moving to Howell, according to plans announced earlier this month.
Shawn Fain, president of United Auto Workers, took to social media Thursday to give a policy speech. "There's a lot of uncertainty over what this moment holds," he said.
Slotkin is a former CIA officer who worked in national security roles in the Pentagon during the Bush and Obama administrations.
The company says the layoffs are not related to tariffs. The layoffs are effective April 14.
The automaker is working with local authorities on the investigation.
A drive-in theater that opened in 2021 in Monroe County has closed for good; citing overall industry trends.
The WWE's 41st WrestleMania event is finally here. Here's what time it starts and how to watch all the action on night 2.
Ryan Gosling will star in the next installment of the "Star Wars" franchise, "Star Wars: Starfighter," which will hit theaters in May 2027. Shawn Levy will direct the film.
Wink Martindale, the host of hit game shows "Gambit" and "Tic-Tac-Dough," has died. He was 91.
Residents of a small Michigan community stood side by side to help a local bookstore move 9,100 books — one by one — from its former site to a new location about a block away.
China has denied President Trump's assertion that the two sides were involved in active negotiations over tariffs.
The president is set to be in Michigan on Tuesday, according to press secretary Karoline Leavitt.
A new report on air quality across the U.S. offers a cloudy prognosis on the long-term health of about 156 million residents who live in areas that received an "F" in smog and soot pollution.
Illinois Sen. Dick Durbin announced Wednesday he is retiring and will not run for reelection in 2026.
The Los Angeles Chargers will take on the Detroit Lions in the annual Hall of Fame game as part of enshrinement week.
Dior Chambers started dialysis earlier this month and was told she could wait four to six years before she receives a lifesaving kidney.
Officials say the case was reported in a 1-year-old boy who was exposed to the county's first case, which involved another child.
Health experts say a combination shot, often given in the early months of a child's life, will protect little ones until pre-adolescence.
"We are acting out of an abundance of caution to notify the public as quickly as possible," Dr. Julie Kehdi said.
The Affordable Care Act requires health insurers and group health plans to cover certain preventive-care services recommended by the U.S. Preventive Services Task Force at no cost to patients.
Detroit Pistons fans are getting into the fun of the team facing its first NBA playoff run since 2019.
The Detroit Pistons, Tigers and Lions are giving the Motor City a reason to celebrate for a change.
The Detroit Lions and All-Pro safety Kerby Joseph have agreed on a contract extension.
Reese Olson allowed two hits in 7 1/3 scoreless innings as the Detroit Tigers defeated the San Diego Padres 6-0 to win a three-game series.
The Los Angeles Chargers will take on the Detroit Lions in the annual Hall of Fame game as part of enshrinement week.
Distracted driving killed at least 3,000 people and caused more than 400,000 injuries in the U.S. in 2024, according to NHTSA, as the problem is worse in summer months when more people are on the road.
It's a look at the Detroit Public Schools Community Foundation and how things are going as Kerrie Mitchell, CEO, appears on Michigan Matters to give an update.
Lawrence Technological University is 93 years old with a strong regional imprint, which Dr. Tarek Sobh talks about on Michigan Matters.
A trio of experts talks about consumer needs when it comes to transit, which are evolving.
David Wasserman appears and talks about the two political parties.
The Detroit Pistons have giveaways, food vendors and other fun planned before their home playoff games. Here's a preview of what to look for.
A group of 12 states is suing the Trump administration over President Trump's tariffs. He claims he can impose them single-handedly due to the Economic Powers Act.
Crews are working to put out multiple house fires in Southwest Detroit. This is the scene from our Eye on the Sky chopper. No word yet on what caused the flames.
Crews are working to put out a house fire in Southwest Detroit. This is the scene from our Eye on the Sky chopper. No word yet on what caused the flames.
At the time President Trump announced his tariffs, industry experts said it could take weeks to months before American shoppers started noticing the impact. That point may be approaching. CBS News has this report.