The Trump tariffs aren't causing U.S. prices to spike. Here's why.
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
Watch CBS News
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
For millions of people around the U.S., financial stability amounts to a "rare luxury," Bankrate survey finds.
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.
High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Record consumer debt, years of steep inflation and other factors are driving more Americans to considering filing for bankruptcy.
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
The Postal Service contends, as it did last year before a similar increase, that the price hike is needed to achieve financial stability.
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
Consumer confidence continues to wane as Americans worry about the economy, jobs and their income.
The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.
The bird flu is still wiping out poultry flocks, leading to supply shortages. Here's when egg prices could come down, experts say.
Republicans are more likely than Democrats to say they'll watch President Trump's joint address to Congress.
Stocks tumbled for a second consecutive trading day, wiping out all post-election gains for the S&P 500.
Americans express concern about their ability to pay bills and save money.
The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.
The White House levied new import duties on its three closest 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 announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
One lawyer says she was shocked when she was asked to remove her bra while trying to enter the North Lake Processing Center in Baldwin, Michigan.
A Flint Township, Michigan, couple is facing multiple charges after dozens of cats and dogs were found inside a home, some of which were found dead.
A Detroit man is accused of abandoning his two dogs and allowing one to freeze to death, Wayne County prosecutors said.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
One lawyer says she was shocked when she was asked to remove her bra while trying to enter the North Lake Processing Center in Baldwin, Michigan.
A Detroit woman was charged in connection with the fatal shooting of her 6-year-old daughter in a shopping center parking lot.
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
A Flint Township, Michigan, couple is facing multiple charges after dozens of cats and dogs were found inside a home, some of which were found dead.
The Gordie Howe International Bridge between Detroit and Windsor has moved into the "testing and commissioning" stage.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
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.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Faster Horses, a multi-day country music festival, will not return this summer to Michigan International Speedway.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
One lawyer says she was shocked when she was asked to remove her bra while trying to enter the North Lake Processing Center in Baldwin, Michigan.
Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
Two dozen states filed a lawsuit challenging President Trump's legal authority to impose new global tariffs.
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
The House resolution to constrain Trump's war powers failed in a 212 to 219 vote, with four Democrats joining all but two Republicans to kill it.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Henry Ford Health and Teamsters Local 332 remain locked in a labor dispute over a nurses' contract.
Detroit Mayor Mary Sheffield on Monday appointed former Dearborn Public Health Officer Ali Abazeed as Detroit's new chief public health officer.
A woman who worked for former University of Michigan head football coach Sherrone Moore is no longer employed by the school.
NBA Hall of Famer Chauncey Billups and former player Damon Jones are among 31 people charged in the federal case. They have pleaded not guilty.
Holtz coached Notre Dame from 1986 to 1996, winning 100 games with the school, including a 12-0 national title-winning season in 1988.
Jaylon Tyson scored 22 points, James Harden added 18 and the Cleveland Cavaliers avenged a recent loss in Detroit by beating the East-leading Pistons 113-109 despite playing without injured star Donovan Mitchell.
This past weekend was filled with the NCAA indoor track championships, including the Ivy League Championships held at the Nike Track at the Armory in New York 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.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
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?
A mother has been charged in connection with Monday's fatal accidental shooting of a 6-year-old in a shopping center parking lot.
Dense fog is possible tonight and Friday, before a storm risk pops up for Saturday.
Going to the North Lake Processing Center in Baldwin, Michigan, to visit a potential client in U.S. Immigration and Customs Enforcement detention was not a new experience for ACLU of Michigan legal fellow Ewurama Appiagyei-Dankah.
Since the war in Iran started on Feb. 28, six American service members have been killed.
Health and Human Services Secretary Robert F. Kennedy Jr. is challenging Dunkin' and Starbucks as part of his "Make America Healthy Again" initiative. Tom Hanson reports.