July PCE inflation index held at 3.7% annual pace, hotter than expected
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
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The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
Economic activity weakened between April and June as energy costs surged, new government data shows.
Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
The impact of higher energy prices and fears about covering monthly bill is taking a toll on public sentiment, a new Gallup poll finds.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
The cost of ground beef in the U.S. has soared in recent years and is forecast to jump even further in 2026. What gives?
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Most Republicans feel Trump has done more than expected, while others have views that are more mixed.
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
Economists had expected CPI to rise at an annual rate of 3% last month.
Michigan will receive at least $171 million from Meta Platforms, the owner of Facebook and Instagram, as part of a federal lawsuit settlement.
Chronic wasting disease has been found among farmed white-tailed deer in three Michigan counties, the state's agriculture agency said.
Wayne County health officials on Wednesday reported the county's first human case of West Nile virus in 2026.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Severe thunderstorms are expected to develop on Wednesday afternoon and evening as a cold front moves through Southeast Michigan.
A boater was killed, with another rescued from the water, after a boat flipped over in Oxbow Lake on Tuesday.
Wayne County health officials on Wednesday reported the county's first human case of West Nile virus in 2026.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Michigan will receive at least $171 million from Meta Platforms, the owner of Facebook and Instagram, as part of a federal lawsuit settlement.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
General Motors says 350 workers will be laid off in January at its Lansing Grand River Assembly/Stamping and Lansing Regional Stamping sites.
Ford says the reveal is intended to connect directly with the enthusiasts who have helped make the Woodward Dream Cruise one of the nation's premier automotive events.
On average, drivers in the state are paying $4.15 per gallon for regular unleaded fuel.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Audience members at a stage performance of "9 to 5: The Musical" in the U.K. were heard gasping aloud at the news of Dolly Parton's death Tuesday.
Detroit rapper Eminem joined several others paying tribute to singer and actress Dolly Parton, who died at the age of 80.
The Parade Company is preparing for the 100th America's Thanksgiving Parade in downtown Detroit, and this year's grand marshal is businessman Dan Gilbert.
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Meta agreed to pay up to $17.1 billion to settle allegations that its social media platforms are addictive.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
The 6-foot-10, 250-pound former NBA player was removed from Sunday's game after he was confronted by Sky guard Natasha Cloud.
Wayne County health officials on Wednesday reported the county's first human case of West Nile virus in 2026.
A bat found in Livingston County, Michigan, has tested positive for rabies, the local health department said on Thursday.
Providers, students, clients and community members gathered outside the Blue Cross Blue Shield of Michigan headquarters to urge the organization to pursue solutions that preserve access to care.
The new facility brings a wide range of services together under one roof, including workforce development programs, educational opportunities, behavioral health support and family services.
A human case of West Nile virus in West Michigan was detected through routine screening of a blood donation, health officials say.
The 6-foot-10, 250-pound former NBA player was removed from Sunday's game after he was confronted by Sky guard Natasha Cloud.
Max Clark hit his first home run at Comerica Park and five Tigers pitchers combined to allow one run as Detroit ended a six-game losing streak with a 4-1 win over the Tampa Bay Rays.
More than two weeks before the Detroit Lions kick off their 2026 regular season, the team unveiled its new uniform on Tuesday.
Detroit's new professional women's hockey team welcomed its star player to Little Caesars Arena on Tuesday, officially introducing Hilary Knight.
The rate is much higher than is seen in the general population. CTE is a brain disease linked to repeated blows to the head.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
The eyes of the nation were on Michigan as its critical 2026 primary was held last Tuesday.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
A chance for storms to move in later today with a risk of severe weather. NEXT Weather Meteorologist Karen Carter explains what you should prepare for.
The RazMania Midwest Festival takes place August 29 and 30 in Pontiac. It's intended to give younger enthusiasts a chance to meet athletes and get involved in sports memorabilia and trading card collecting. Here's a preview.
A White Lake man is dead, with a Taylor man injured, in the aftermath of a boating accident Tuesday afternoon in Oxbow Lake in Southeast Michigan.
Sen. Darline Graham won the GOP Senate runoff in South Carolina on Tuesday night, CBS News projects, defeating Rep. Ralph Norman in the special primary.
A preliminary exam is expected to continue on Wednesday in Lenawee County, Michigan, as John Skelton faces murder charges related to the 2010 disappearance of his three young sons. Here's a recap of testimony on Tuesday as the judge considers whether to move the case forward.