Here's the impact of the Fed's rate cut decision today
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
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The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
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.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
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 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 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
After raising rates from zero to 5% in 15 months, the central bank is pausing to assess the economic impact of monetary tightening.
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.
A 71-year-old Michigan man is in critical condition after suffering a medical emergency, causing him to strike a utility pole in Macomb County.
Michigan Army veteran Ed Bambas, 88, started working again after losing his pension. But thanks to the kindness of strangers, he received a life-changing gift to allow him to retire a second time.
The Plymouth Township Police Department says it is investigating a "suspicious situation" after a man allegedly approached two middle school students while holding a pocket knife.
A live auction is set for Friday, Dec. 19, for the life ring that was discovered by Larry Orr in 1975.
Many people living with MS are limited from taking nature walks shown to improve mental health, so Hala Darwish is bringing Mother Nature to them.
A former autoworker was given back his retirement through the kindness of strangers.
Southeast Michigan has a couple of chances for snow over the weekend.
Legionella bacteria were found through water testing in the building late Thursday after an employee was diagnosed with Legionnaires' disease.
A 71-year-old Michigan man is in critical condition after suffering a medical emergency, causing him to strike a utility pole in Macomb County.
Michigan Army veteran Ed Bambas, 88, started working again after losing his pension. But thanks to the kindness of strangers, he received a life-changing gift to allow him to retire a second time.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
Yanfeng will close its Romulus production facility, located at 9800 Inkster Road.
In Metro Detroit, drivers are paying about $3.06 per gallon, which is 1 cent more than last week but 3 cents less than at the same time a year ago.
Most of the intersections and roundabouts that made the 2024 list are in Southeast Michigan.
Avancez said a change in customer orders will result in layoffs during December at its Hazel Park location.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
RoboCop has found a permanent home in Detroit — all 11 feet and 3,500 pounds of him.
Stoppard was often hailed as the greatest British playwright of his generation.
More than 75 dazzling displays lined up to march down Woodward Avenue, led by Detroit Mayor Mike Duggan, who served as grand marshal for the parade.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Michigan State has received a $401 million gift from Greg and Dawn Williams, supporting the university's and athletic department's fundraising initiatives with the largest donation to the school and one of the richest in college sports history.
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
A former autoworker was given back his retirement through the kindness of strangers.
Many people living with MS are limited from taking nature walks shown to improve mental health, so Hala Darwish is bringing Mother Nature to them.
Legionella bacteria were found through water testing in the building late Thursday after an employee was diagnosed with Legionnaires' disease.
The new guidelines are effective at all DMC locations, including the Children's Hospital of Michigan.
The sheriff's office says closure for Building 38E is effective Friday through the weekend.
Women who have a doula are 47% less likely to have a cesarean delivery and a 29% lower chance of having a preterm delivery, according to a study published in the National Library of Medicine.
Detroit Lions safety Brian Branch tore his left Achilles tendon against the Dallas Cowboys, according to a person familiar with the situation.
Michigan State has received a $401 million gift from Greg and Dawn Williams, supporting the university's and athletic department's fundraising initiatives with the largest donation to the school and one of the richest in college sports history.
Jahmyr Gibbs and the Detroit Lions have beaten the Dallas Cowboys to stay atop the NFC wild-card race.
Adam Fantilli tied it with 1:31 left in the regulation with his second goal of the game, Kirill Marchenko had the shootout winner and the Columbus Blue Jackets beat the Detroit Red Wings 6-5 on Thursday night.
The Detroit Lions host the Dallas Cowboys in Week 14 of the 2025 NFL season on Thursday.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
Hundreds of thousands will line up along Woodward Avenue for America's Thanksgiving Parade in Detroit.
This week's roundtable discusses the economic outlook as the critical fourth quarter of 2025 plays out.
Detroit City Council President Mary Sheffield was overwhelmingly elected as mayor.
An 88-year-old Army veteran from Michigan went viral after sharing his story about having to find work after losing his pension. After a GoFundMe raised over $1 million, Ed Bambas was surprised with the check on Friday.
Light snow arrives on Sunday morning to kick off a week of on-and-off snow showers.
For this week's Furry Fridays, meet Zade and Pumpkin! You can find these two pets and more at Michigan Humane.
A University of Michigan professor is getting national recognition for her research aimed at relieving depression symptoms in people living with multiple sclerosis, and she's doing it not with antidepressants or pharmaceuticals, but with technology and nature.
Michigan State has received a $401 million gift from Greg and Dawn Williams, supporting the university's and athletic department's fundraising initiatives with the largest donation to the school and one of the richest in college sports history.