Fed holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
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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.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
A fight broke out between the Detroit Pistons and Charlotte Hornets in the third quarter of Monday night's game, and four players were ejected.
From Martin Luther King's "I Have A Dream Speech" to Kendrick Lamar's Super Bowl Halftime Show performance in 2025, one Detroiter is connecting readers with Black history, one line at a time.
Just when you thought Michigan roads couldn't get any worse, there is a high chance they will on Tuesday.
Cade Cunningham had 33 points and nine rebounds, and the Detroit Pistons hung on to beat Charlotte 110-104 on Monday night, snapping the Hornets' nine-game winning streak in a wild game that included a fight and four player ejections.
Tracy Scroggins, who had 60 1/2 sacks in 10 seasons as a playmaking defensive end for the Detroit Lions, has died. He was 56.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
A fight broke out between the Detroit Pistons and Charlotte Hornets in the third quarter of Monday night's game, and four players were ejected.
Ninety-two years ago, historians say, the state of Michigan experienced its coldest recorded temperature.
Police in Detroit are investigating after they say a woman was found dead on a street on the city's north side Sunday evening.
From Martin Luther King's "I Have A Dream Speech" to Kendrick Lamar's Super Bowl Halftime Show performance in 2025, one Detroiter is connecting readers with Black history, one line at a time.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
A fight broke out between the Detroit Pistons and Charlotte Hornets in the third quarter of Monday night's game, and four players were ejected.
Cade Cunningham had 33 points and nine rebounds, and the Detroit Pistons hung on to beat Charlotte 110-104 on Monday night, snapping the Hornets' nine-game winning streak in a wild game that included a fight and four player ejections.
Tracy Scroggins, who had 60 1/2 sacks in 10 seasons as a playmaking defensive end for the Detroit Lions, has died. He was 56.
The Detroit Tigers announce that Major League Baseball will produce and distribute their local TV broadcasts this season.
President Trump said Monday he would block the opening of the Gordie Howe International Bridge between Detroit and Canada "until the United States is fully compensated for everything we have given them."
Officials announced eligibility for mothers and babies in the city of Detroit.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
Legionella testing at Oakland County government facilities has detected the bacteria in the water systems of two additional buildings.
When the temperatures plummet, and the snow starts piling up, most of us have the same instinct: retreat indoors, crank up the heat, and get cozy.
A fight broke out between the Detroit Pistons and Charlotte Hornets in the third quarter of Monday night's game, and four players were ejected.
Cade Cunningham had 33 points and nine rebounds, and the Detroit Pistons hung on to beat Charlotte 110-104 on Monday night, snapping the Hornets' nine-game winning streak in a wild game that included a fight and four player ejections.
Tracy Scroggins, who had 60 1/2 sacks in 10 seasons as a playmaking defensive end for the Detroit Lions, has died. He was 56.
The Detroit Tigers announce that Major League Baseball will produce and distribute their local TV broadcasts this season.
Some 2026 Winter Olympics athletes say their winning medals are falling apart, coming detached from their ribbons.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
CBS News Detroit spoke with author Javonne Barrett to learn how his debut coloring book, "Lines of Legacy: A Black History Coloring Book," empowers readers to bring this history to life through creativity, while also sparking a conversation anyone can participate in.
Chandler Park Academy held a symposium for National African American Parent Involvement Day.
Students and teachers of the Oak Park School District went to the school board, presenting a list of issues.
Just when you thought Michigan roads couldn't get any worse, there is a high chance they will on Tuesday. Road commissions say a temperature rise is the key ingredient to potholes, which could pose a danger on the road.
President Trump is threatening to block the opening of the Gordie Howe International Bridge between Detroit and Canada "until the United States is fully compensated for everything we have given them," he said in a social media post on Monday.