Trump wants the Fed to cut rates on Wednesday. Will it oblige?
President Trump wants the Federal Reserve to cut interest rates. Here's what experts predict at the central bank's May 7 meeting.
Watch CBS News
President Trump wants the Federal Reserve to cut interest rates. Here's what experts predict at the central bank's May 7 meeting.
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.
Abby, a chimpanzee who has spent the last 38 years at the Detroit Zoo, has died, zoo officials announced on Thursday.
A significant weather shift is heading to Southeast Michigan over the next few days.
Spencer Torkelson drove in the winning run with an RBI single with two outs in the ninth inning and the Detroit Tigers snapped a three-game losing streak by edging the Toronto Blue Jays 3-2.
Cade Cunningham scored 21 points and the top-seeded Detroit Pistons dominated the second half, beating the Cleveland Cavaliers 115-94 to force a Game 7 in their Eastern Conference second-round series.
The department confirmed to CBS News Detroit that the woman, 28-year-old Khaira Howard, died on May 13.
After a man was caught on camera during an attempted break-in at a Livonia home, police say they are now investigating a second incident they believe may be connected.
A Davison Township police chief released body camera video showing how a senior "water wars" prank brought an officer within milliseconds of opening fire on a student.
Abby, a chimpanzee who has spent the last 38 years at the Detroit Zoo, has died, zoo officials announced on Thursday.
A suspect is dead after a shooting involving Michigan State Police and Waterford Township police Thursday night in Waterford, the agencies said.
A significant weather shift is heading to Southeast Michigan over the next few days.
Michigan is demanding repayment of $35 million from the American Center for Mobility, a key player in autonomous vehicle development.
A bipartisan bill introduced in Washington, D.C., by Michigan Congresswoman Debbie Dingell and Congressman John Moolenaar would prohibit the importation, manufacture or sale of Chinese cars in the United States.
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
Ford Motor Company is recalling over 179,000 vehicles due to a front seat issue that can increase the risk of injury in a crash, the National Highway Traffic Safety Administration said.
A vote by UAW Local 2093 members will be on May 11. The UAW says that if approved, workers could walk out of the Three Rivers facility starting on May 31.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
With summer not far behind, the city of Detroit is preparing for the highly anticipated 2026 Ford Fireworks next month.
Motown may be Detroit's most famous sound, but it's far from the only one.
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.
Spencer Torkelson drove in the winning run with an RBI single with two outs in the ninth inning and the Detroit Tigers snapped a three-game losing streak by edging the Toronto Blue Jays 3-2.
Cade Cunningham scored 21 points and the top-seeded Detroit Pistons dominated the second half, beating the Cleveland Cavaliers 115-94 to force a Game 7 in their Eastern Conference second-round series.
In a move aimed at curbing the growing problem of "teen takeovers," D.C. U.S. Attorney Jeanine Pirro is threatening to bring charges against parents if their teens violate the local curfew.
Sens. Tammy Duckworth of Illinois and Tammy Baldwin of Wisconsin say their concern is there may be more emergency exit doors than flight attendants in the event of an evacuation.
The Supreme Court has maintained mail access to the abortion pill mifepristone, setting aside for now a lower court order that blocked abortion providers from prescribing the widely used drug through telehealth and shipping it to patients.
Teen tobacco use in Michigan is rising again, prompting calls for increased prevention spending.
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
In 2002, Zermeño found out he contracted hantavirus after cleaning the family house following the death of his mother and sister. He had been exposed to rodent droppings and became infected.
Spencer Torkelson drove in the winning run with an RBI single with two outs in the ninth inning and the Detroit Tigers snapped a three-game losing streak by edging the Toronto Blue Jays 3-2.
Cade Cunningham scored 21 points and the top-seeded Detroit Pistons dominated the second half, beating the Cleveland Cavaliers 115-94 to force a Game 7 in their Eastern Conference second-round series.
Women's hockey pioneer Manon Rhéaume has been named the GM of the PWHL's Detroit expansion team.
The Detroit Lions released their official 2026 season schedule, with the first matchup set at home against the New Orleans Saints.
The Detroit Lions will host the defending NFC North champion Chicago Bears in Detroit's annual Thanksgiving Day game.
This week on Michigan Matters, the roundtable talks about the governor's race and the impact of former Detroit Mayor Mike Duggan.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
Life Directions has been helping guide and mentor young people in Detroit.
Robert Costa, the award-winning national correspondent for CBS Sunday Morning and chief Washington analyst for CBS News, talks about Michigan's role in this critical midterm election.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
The Michigan Department of Corrections says a female inmate's death at the Huron Valley Correctional Facility is under investigation.
Cade Cunningham scored 21 points and the top-seeded Detroit Pistons dominated the second half, beating the Cleveland Cavaliers 115-94 on Friday night to force a Game 7 in their Eastern Conference second-round series.
The heat is on, and so are the latest storm chances.
A suspect is dead after a shooting involving Michigan State Police and Waterford Township police Thursday night in Waterford, the agency said.
A Davison Township police body camera video shows how close a high school senior's "water wars" prank came to a deadly outcome — and the chief of police is now using the footage as a warning.