Federal Reserve To Deliver Announcement After Policy Meetings
Policy deciders at the Federal Reserve are expected to announce Wednesday afternoon whether the central bank will make moves to stimulate the economy.
Watch CBS News
Policy deciders at the Federal Reserve are expected to announce Wednesday afternoon whether the central bank will make moves to stimulate the economy.
The Southeast Michigan Purchasing Managers Index (PMI), a composite index of economic activity, rebounded to 59.7 in October from September's index of 53.1.
Michigan needs a new tax on services. That's the message MSU economist Charles Ballard will deliver Thursday morning as part of his 2012 economic forecast for the Engineering Society of Detroit.
A new effort hatched in Macomb County is working to create new businesses and jobs in the growing defense corridor.
While the economy has been slow and some say there could be a new recession, that's not stopping some people from indulging in some little luxuries.
Proposals aimed at improving the state's business climate won't be the only order of business this fall in the Michigan Legislature.
It looks like car sales are starting to pull out of their summer slump. Figures from J.D. Power and Associates show a fairly strong first two weeks of September.
More Michigan residents are living in poverty as the state works to free itself from the lingering effects of the nation's recession, according to new census data released Thursday.
Gleaners Community Food Bank in Detroit is dealing with the growing number of Michigan residents struggling in this economy.
President Barack Obama used a boisterous Labor Day rally to put congressional Republicans on the spot, challenging them to place the country's interests above all else and vote to create jobs and put the economy back on a path toward growth.
"Early back-to-school sales," hot weather and falling gas prices in July led to slow, steady growth in Michigan retail sales.
The Speak Out and Speak Up summit Thursday in Detroit will look at the effect of the state's planned cuts to welfare assistance.
In the first six months of 2011, $55.1 million was added to Macomb County's economy, along with over 600 new jobs.
New federal fuel efficiency rules were revealed on Tuesday that will require heavy-duty trucks to cut greenhouse gas emissions and improve fuel economy.
The mood of Michigan residents has soured somewhat, according to Michigan State University's latest State of the State Survey.
It has taken the better part of a decade, but the construction industry is on the rebound in areas of Southeast Michigan with thousands of construction jobs created within the past year.
Many local seniors and others are worried about their social security checks because of the possibility of a U.S. default and the debt ceiling.
Although Midwestern states have seen the largest decreases in economic stress since the recession ended, Michigan experienced a monthly jump in stress in May.
New York Mayor Michael Bloomberg will be participating in an immigration conference, next week, with Michigan Governor Rick Snyder.
The state of Michigan continues to be plagued by foreclosures. A recent report on foreclosures ranks Michigan seventh on a list of the top state foreclosure rates.
Are you feeling depressed, burned out, or kicked around by the economy?
As the government announces disappointing unemployment figures, Hyundai's top North American executive says the slow recovery will remain a drag on car sales for the rest of the year.
The auto industry is anticipating the second consecutive weak monthly sales report, but it appears to be more a pause in the recovery than an overall trend.
A new report says medicaid cuts being considered by Congress could cost Michigan a lot more than just health care dollars.
