Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
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.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience.
It's never a great time to carry credit card debt. But right now is arguably the worst time.
Stocks rose in afternoon trading on Wall Street Tuesday as Americans head to the polls to vote in midterm elections that are being heavily influenced by inflation and the threat of a recession.
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
Short term interest rates are going up a quarter of a percent.
President Barack Obama is nominating economist Kathryn Dominguez to serve on the Federal Reserve's board of governors.
A Detroit man was taken into custody after police said he went to a 7-11 store in Livingston County to meet who he thought was a 14-year-old girl.
The rent is high not just in Detroit, where, according to nonprofit Higher Ground Abodes, the city has just a quarter of the affordable homes needed, but also across the state.
The city of Detroit on Thursday announced the fourth phase of closures, which will begin at 6 a.m. on Saturday, April 20, through 11:59 p.m. on Tuesday, April 30.
On the ground, the Michigan State Police will send at least 50 troopers to patrol the NFL Draft footprint daily, while the Wayne County Sheriff's Office will assign 70 deputies to the event.
Taylor Swift took to social media hours ahead of the expected release of her new album "The Tortured Poets Department."
A Detroit man was taken into custody after police said he went to a 7-11 store in Livingston County to meet who he thought was a 14-year-old girl.
The rent is high not just in Detroit, where, according to nonprofit Higher Ground Abodes, the city has just a quarter of the affordable homes needed, but also across the state.
In response, one House Democrat said she is surprised to continue having these conversations.
The city of Detroit on Thursday announced the fourth phase of closures, which will begin at 6 a.m. on Saturday, April 20, through 11:59 p.m. on Tuesday, April 30.
On the ground, the Michigan State Police will send at least 50 troopers to patrol the NFL Draft footprint daily, while the Wayne County Sheriff's Office will assign 70 deputies to the event.
Workers at Mercedes-Benz factories near Tuscaloosa, Alabama, will vote next month on whether they want to be represented by the United Auto Workers union.
After leading the United Auto Workers on its historic strike against the Detroit Three automakers, Shawn Fain has been named on Time's list of the most influential people of 2024.
General Motors and real estate firm Bedrock announced Monday the automaker's headquarters will move to the Hudson's Detroit development in downtown Detroit from the Renaissance Center.
With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup.
New vehicle sales in the U.S. rose nearly 5% from January through March, as buyers stayed in the market despite high interest rates.
Taylor Swift took to social media hours ahead of the expected release of her new album "The Tortured Poets Department."
Guitar legend Dickey Betts, who co-founded the Allman Brothers Band and wrote their biggest hit, "Ramblin' Man," has died.
Charli XCX and Troye Sivan are teaming up to co-headline an arena tour across North America, which will kick off here in Detroit.
ABBA, Blondie and The Notorious B.I.G. are entering America's audio canon.
The annual Ford Fireworks show in Detroit is one of 20 shows nominated for USA Today's 2024 10Best Readers' Choice Places to See Fireworks contest.
Taylor Swift took to social media hours ahead of the expected release of her new album "The Tortured Poets Department."
Scientists are using a range of tools to protect the endangered wildlife that could disappear in coming decades.
Guitar legend Dickey Betts, who co-founded the Allman Brothers Band and wrote their biggest hit, "Ramblin' Man," has died.
Health officials are warning consumers not to consume the Infinite Herbs basil sold at Trader Joe's after 12 people were sickened.
The Supreme Court will consider Monday whether bans on public camping constitute "cruel and unusual punishment" barred by the Eighth Amendment.
Health officials are warning consumers not to consume the Infinite Herbs basil sold at Trader Joe's after 12 people were sickened.
Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.
MDARD officials say the virus, which was first detected in Michigan in 2022, was found in Newaygo County, making it the seventh flock in the state in the last two years.
The $872 million most likely excludes any amount UnitedHealth may have paid to hackers in ransom.
George Schappell and sister Lori, of Reading, Pa., were the world's oldest conjoined twins, according to the Guinness Book of World Records.
On the ground, the Michigan State Police will send at least 50 troopers to patrol the NFL Draft footprint daily, while the Wayne County Sheriff's Office will assign 70 deputies to the event.
The NFL revealed that Big Sean, Bazzi, the Detroit Youth Choir and more local artists will perform as part of the concert series for the 2024 NFL Draft in Detroit.
The No. 1 pick in this year's WNBA draft is "going to raise all boats" for players in the league, one expert said.
More than 20 people have been convicted in the case, many of them onetime NBA players.
Gio Urshela had an RBI single and Matt Vierling scored on a wild pitch in the eighth inning to put Detroit ahead, and the Tigers' pitchers continued their solid play to beat the Texas Rangers 4-2.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
Three leaders talked about how the region is doing to help people deal with mental health issues.
The issue of abortion and IVF was also discussed during the roundtable, along with thoughts on how they might sway voters this fall.
Riney, who has spent his 46-year career at Henry Ford Health, was named one of Modern Healthcare's 100 Most Influential People.
Rain overnight will break early tomorrow morning while cooler air rushes in to kickstart our weekend.
CBS News Detroit caught up with some Detroit Lions in Campus Martius Park and got their thoughts ahead of the 2024 NFL Draft.
Phase 4 of road closures for the 2024 NFL Draft in Detroit begins a week ahead of the draft.
In Ingham County, officials are considering a millage to help fund affordable housing.
When the 2024 NFL Draft kicks off in one week, it'll be a chance for Detroit to reintroduce itself to the country, and part of that is making sure the event is safe and goes off without a hitch.