July PCE inflation index held at 3.7% annual pace, hotter than expected
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
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The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
A federal district ruled in September that President Trump's attempt to fire Lisa Cook from the Federal Reserve Board of Governors was likely illegal.
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
President Trump and Federal Reserve Chair Jerome Powell had a disagreement almost immediately as the two men set foot in the Fed's headquarters in Washington on Thursday to survey an extensive renovation project on two of the reserve's buildings. Also on Thursday, The second-highest-ranking official at the Justice Department met with the imprisoned Ghislaine Maxwell, the close confidant of convicted sex offender Jeffrey Epstein.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Michigan will receive at least $171 million from Meta Platforms, the owner of Facebook and Instagram, as part of a federal lawsuit settlement.
Chronic wasting disease has been found among farmed white-tailed deer in three Michigan counties, the state's agriculture agency said.
Wayne County health officials on Wednesday reported the county's first human case of West Nile virus in 2026.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Severe thunderstorms are expected to develop on Wednesday afternoon and evening as a cold front moves through Southeast Michigan.
A boater was killed, with another rescued from the water, after a boat flipped over in Oxbow Lake on Tuesday.
Wayne County health officials on Wednesday reported the county's first human case of West Nile virus in 2026.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Parents piled in at Tuesday's Birmingham Public School board meeting to voice their concerns or support the new bell-to-bell cellphone ban.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
General Motors says 350 workers will be laid off in January at its Lansing Grand River Assembly/Stamping and Lansing Regional Stamping sites.
Ford says the reveal is intended to connect directly with the enthusiasts who have helped make the Woodward Dream Cruise one of the nation's premier automotive events.
On average, drivers in the state are paying $4.15 per gallon for regular unleaded fuel.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Audience members at a stage performance of "9 to 5: The Musical" in the U.K. were heard gasping aloud at the news of Dolly Parton's death Tuesday.
Detroit rapper Eminem joined several others paying tribute to singer and actress Dolly Parton, who died at the age of 80.
The Parade Company is preparing for the 100th America's Thanksgiving Parade in downtown Detroit, and this year's grand marshal is businessman Dan Gilbert.
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Meta agreed to pay up to $17.1 billion to settle allegations that its social media platforms are addictive.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
The 6-foot-10, 250-pound former NBA player was removed from Sunday's game after he was confronted by Sky guard Natasha Cloud.
Wayne County health officials on Wednesday reported the county's first human case of West Nile virus in 2026.
A bat found in Livingston County, Michigan, has tested positive for rabies, the local health department said on Thursday.
Providers, students, clients and community members gathered outside the Blue Cross Blue Shield of Michigan headquarters to urge the organization to pursue solutions that preserve access to care.
The new facility brings a wide range of services together under one roof, including workforce development programs, educational opportunities, behavioral health support and family services.
A human case of West Nile virus in West Michigan was detected through routine screening of a blood donation, health officials say.
The 6-foot-10, 250-pound former NBA player was removed from Sunday's game after he was confronted by Sky guard Natasha Cloud.
Max Clark hit his first home run at Comerica Park and five Tigers pitchers combined to allow one run as Detroit ended a six-game losing streak with a 4-1 win over the Tampa Bay Rays.
More than two weeks before the Detroit Lions kick off their 2026 regular season, the team unveiled its new uniform on Tuesday.
Detroit's new professional women's hockey team welcomed its star player to Little Caesars Arena on Tuesday, officially introducing Hilary Knight.
The rate is much higher than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
The eyes of the nation were on Michigan as its critical 2026 primary was held last Tuesday.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
The RazMania Midwest Festival takes place August 29 and 30 in Pontiac. It's intended to give younger enthusiasts a chance to meet athletes and get involved in sports memorabilia and trading card collecting. Here's a preview.
A White Lake man is dead, with a Taylor man injured, in the aftermath of a boating accident Tuesday afternoon in Oxbow Lake in Southeast Michigan.
Sen. Darline Graham won the GOP Senate runoff in South Carolina on Tuesday night, CBS News projects, defeating Rep. Ralph Norman in the special primary.
A preliminary exam is expected to continue on Wednesday in Lenawee County, Michigan, as John Skelton faces murder charges related to the 2010 disappearance of his three young sons. Here's a recap of testimony on Tuesday as the judge considers whether to move the case forward.
Deputies searched Tuesday for a missing boater in White Lake Township. Severe weather is possible in Metro Detroit during Wednesday afternoon and evening. Those headlines and other top stories are in the CBS Detroit news brief.