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 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.
Riley Greene had a three-run homer and four RBIs, Drew Anderson ended the game by retiring Jakob Marsee in a 14-pitch at-bat for his first major league save and Detroit beat the Miami Marlins 6-1 to get A.J Hinch his 400th win as Tigers manager.
A 5% increase in housing and dining rates at Michigan State University for the 2026-2027 academic year has been approved by the Board of Trustees, officials said Friday.
Multiple people have been detained after a reported shooting in Birmingham, Michigan, on Saturday morning, according to police.
A man with a machete slashed and injured three people at Grand Central in New York City before he was fatally shot by police, the NYPD said.
The University of Michigan men's basketball team hosted an on-campus parade and celebration Saturday after winning the 2026 NCAA national championship.
The University of Michigan men's basketball team hosted an on-campus parade and celebration Saturday after winning the 2026 NCAA national championship.
Multiple people have been detained after a reported shooting in Birmingham, Michigan, on Saturday morning, according to police.
Officials are working on creating safe spaces in Detroit for youth because Mayor Mary Sheffield says the city is for everyone, including teens.
What is called the "moon tree" all began with a deal between NASA and an elementary school that used to be in the Ferndale neighborhood.
Two U.S. Navy destroyers crossed the Strait of Hormuz as U.S. and Iranian negotiators meet for face-to-face negotiations amid a fragile truce.
At a gas station in Detroit, owner Mohamad Mallah, known to customers as Big Moe, decided to give back in a big way.
On average, drivers in the state are paying $3.87 per gallon for regular unleaded fuel.
Michigan Gov. Gretchen Whitmer has declared an energy emergency in eight Southeast Michigan counties amid rising gas prices across the state.
General Motors has announced that it's making another round of layoffs at its Factory Zero plant in Metro Detroit. The latest round, the second this year, impacts roughly 1,300 workers and is due to a readjustment of operations amid declining electric vehicle demand.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
Gene Simmons visited Detroit Rock City to celebrate the grand opening of a restaurant co-founded by him and his Kiss bandmate Paul Stanley.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Restaurants are being considered for the new Michelin Guide American Great Lakes Edition, set to be revealed in 2027.
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
The bag, called the "Gold Standard Cassette Tape," features a bold, nostalgic design inspired by classic cassette tapes.
Jalen Duren had 20 points, Duncan Robinson scored 19 and the Detroit Pistons beat Charlotte 118-100, locking the Hornets into the play-in tournament.
Detroit Tigers center fielder Parker Meadows has been sent to a hospital for overnight observation after a head-to-head collision with teammate Riley Greene.
Detroit's Kenley Jansen put Miami down in order in the ninth inning and moved into a tie for third in MLB history with his 478th save, Javier Baez homered and the Detroit Tigers beat the Miami Marlins 2-0 on Friday night to end a five-game skid.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
The Trump administration is suing Washtenaw County, accusing county officials of "obstructing federal immigration enforcement operations."
Autism in the D is hosting a "Weekend of Inclusivity," featuring two events aimed at supporting families and highlighting gaps in autism resources across the city.
Dominic Weber and Haylie Reeves met at North Star Reach as campers in 2016.
The Detroit Health Department is hosting a Public Health Week through Saturday, April 11, to provide resources in neighborhoods.
The Michigan Department of Health and Human Services is encouraging parents to consider moving up their children's vaccines against the measles in seven counties.
Many Michigan teens in severe mental health crises are sent far from home for treatment due to a lack of local resources.
Riley Greene had a three-run homer and four RBIs, Drew Anderson ended the game by retiring Jakob Marsee in a 14-pitch at-bat for his first major league save and Detroit beat the Miami Marlins 6-1 to get A.J Hinch his 400th win as Tigers manager.
The University of Michigan men's basketball team hosted an on-campus parade and celebration Saturday after winning the 2026 NCAA national championship.
Jalen Duren had 20 points, Duncan Robinson scored 19 and the Detroit Pistons beat Charlotte 118-100, locking the Hornets into the play-in tournament.
Detroit Tigers center fielder Parker Meadows has been sent to a hospital for overnight observation after a head-to-head collision with teammate Riley Greene.
Detroit's Kenley Jansen put Miami down in order in the ninth inning and moved into a tie for third in MLB history with his 478th save, Javier Baez homered and the Detroit Tigers beat the Miami Marlins 2-0 on Friday night to end a five-game skid.
The roundtable discusses the dramatic impact AI is having in the classroom, at companies and inside homes.
There's a focus on Michigan's defense industry as a national convention comes to Detroit in a few weeks, with over 11,000 people expected at Huntington Place.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
The University of Michigan men's basketball team hosted an on-campus parade and celebration Saturday after winning the 2026 NCAA national championship.
An unassuming tree in Ferndale's Wilson Park has more history than any other in the area. What is called the "moon tree" all began with a deal between NASA and an elementary school that used to be in the Ferndale neighborhood.
The Artemis II crew made its back on Earth after a historic moon mission.
Cecilia Smith and her husband were left scratching their heads after they say a woman walked into their Garden City, Michigan, home on Wednesday and stayed inside for several minutes before driving away. On Friday, one day after CBS News Detroit sat down with Smith, the couple contacted the newsroom and said the woman was identified as a hospice nurse who went to the wrong house.
A Detroit firefighter has been charged with allegedly driving while drunk, causing a crash that killed an 85-year-old woman in Roseville.