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.
Michigan State takes on Louisville at KeyBank Center in Buffalo at 2:45 p.m. Saturday.
Michigan takes on St. Louis at KeyBank Center in Buffalo at 12:10 p.m. Saturday.
As the partial government shutdown continues, some Transportation Security Administration workers across the U.S. have called out over missed paychecks.
The Oakland Hills Country Club's clubhouse will once again be open to its members more than four years after a fire destroyed the century-old building.
Grace VanSlooten and Kennedy Blair each scored 18 points, and Michigan State rallied in the second half to beat Colorado State 65-62 in the first round of the women's NCAA Tournament.
As the partial government shutdown continues, some Transportation Security Administration workers across the U.S. have called out over missed paychecks.
Dominique Townsend says the challenges she's faced inspired her to begin developing RideAble, a rideshare service designed specifically for people with disabilities.
While the legislation passed both the Michigan House and Senate, it was never formally sent to the governor, leaving it stalled in legal limbo.
Michigan State takes on Louisville at KeyBank Center in Buffalo at 2:45 p.m. Saturday.
On Thursday, Detroit Mayor Mary Sheffield signed an executive order to improve lighting across thousands of residential city blocks.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
A $4.3 billion investment is going toward a battery cell manufacturing plant in Lansing, Michigan, to provide Tesla with prismatic battery cells.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
Short film director Sam Davis gave a shout out to his Michigan hometown when accepting an Oscar award on Sunday.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
As the partial government shutdown continues, some Transportation Security Administration workers across the U.S. have called out over missed paychecks.
Grace VanSlooten and Kennedy Blair each scored 18 points, and Michigan State rallied in the second half to beat Colorado State 65-62 in the first round of the women's NCAA Tournament.
Jalen Duren scored 23 points as the Detroit Pistons beat the Golden State Warriors 115-101 in a game missing two of the NBA's biggest stars.
Mila Holloway and Syla Swords each had seven points in a dominant opening quarter and combined to score 33 points, leading second-seeded Michigan to an 83-48 win over 15th-seeded Holy Cross in the first round of the women's NCAA Tournament.
Once a revered and beloved figure in the farmworker movement, new sexual abuse allegations against labor leader Cesar Chavez are reaching far beyond the union line.
Michigan health officials have identified a measles outbreak in Washtenaw County after three linked cases were reported since March 12.
Legislation is pending in Lansing that is intended to prohibit the sale or distribution of a substance called kratom.
A new report says Michigan should invest in primary care doctors to ease a severe shortage of physicians that has led to long wait times, higher costs and missed care.
The vote from 10,000 nurses at nine hospitals and campuses received 90% approval for authorization
China Reynolds' son, Auggie, could be waiting for the next 6 to 12 months in the hospital until a new heart is available.
Michigan State takes on Louisville at KeyBank Center in Buffalo at 2:45 p.m. Saturday.
Michigan takes on St. Louis at KeyBank Center in Buffalo at 12:10 p.m. Saturday.
Grace VanSlooten and Kennedy Blair each scored 18 points, and Michigan State rallied in the second half to beat Colorado State 65-62 in the first round of the women's NCAA Tournament.
Jalen Duren scored 23 points as the Detroit Pistons beat the Golden State Warriors 115-101 in a game missing two of the NBA's biggest stars.
Mila Holloway and Syla Swords each had seven points in a dominant opening quarter and combined to score 33 points, leading second-seeded Michigan to an 83-48 win over 15th-seeded Holy Cross in the first round of the women's NCAA Tournament.
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.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Cool and dry conditions will hold on Saturday, with rain arriving on Sunday.
As the partial government shutdown continues, some Transportation Security Administration workers across the U.S. have called out over missed paychecks.
After residents in Clawson, Michigan, reported a possible DTE impersonator, a resident in Troy says someone came to her home claiming to be from the utility company.
Catholics and other faith communities around the world are observing Lent, a season of prayer and fasting and acts of charity. For those abstaining from eating meat, they will be eating fish instead. In part of the celebration are Friday Fish Fries, and one is hosted at St. Andrew's Society of Detroit in Troy.
The war in the Middle East is having an impact on how the Muslim community in Metro Detroit is recognizing Eid al-Fitr, marking the end of Ramadan.