Consumer confidence falls to lowest level in 3 years amid inflation fears
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
Watch CBS News
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.
The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Detroit Lions safety Brian Branch tore his left Achilles tendon against the Dallas Cowboys, according to a person familiar with the situation.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Southeast Michigan has a couple of chances for snow over the weekend.
Michigan State has received a $401 million gift from Greg and Dawn Williams, supporting the university's and athletic department's fundraising initiatives with the largest donation to the school and one of the richest in college sports history.
A former autoworker was given back his retirement through the kindness of strangers.
Southeast Michigan has a couple of chances for snow over the weekend.
Detroit police are searching for a suspect after a man was fatally shot on Thursday at a Detroit gas station.
The sheriff's office says closure for Building 38E is effective Friday through the weekend.
The new guidelines are effective at all DMC locations, including the Children's Hospital of Michigan.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
Yanfeng will close its Romulus production facility, located at 9800 Inkster Road.
In Metro Detroit, drivers are paying about $3.06 per gallon, which is 1 cent more than last week but 3 cents less than at the same time a year ago.
Most of the intersections and roundabouts that made the 2024 list are in Southeast Michigan.
Avancez said a change in customer orders will result in layoffs during December at its Hazel Park location.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
RoboCop has found a permanent home in Detroit — all 11 feet and 3,500 pounds of him.
Stoppard was often hailed as the greatest British playwright of his generation.
More than 75 dazzling displays lined up to march down Woodward Avenue, led by Detroit Mayor Mike Duggan, who served as grand marshal for the parade.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Michigan State has received a $401 million gift from Greg and Dawn Williams, supporting the university's and athletic department's fundraising initiatives with the largest donation to the school and one of the richest in college sports history.
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
A former autoworker was given back his retirement through the kindness of strangers.
The new guidelines are effective at all DMC locations, including the Children's Hospital of Michigan.
The sheriff's office says closure for Building 38E is effective Friday through the weekend.
Women who have a doula are 47% less likely to have a cesarean delivery and a 29% lower chance of having a preterm delivery, according to a study published in the National Library of Medicine.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
A former Michigan pharmacist will spend nearly four years in prison in connection with a $4 million Medicare fraud scheme at a pharmacy he owned.
Detroit Lions safety Brian Branch tore his left Achilles tendon against the Dallas Cowboys, according to a person familiar with the situation.
Michigan State has received a $401 million gift from Greg and Dawn Williams, supporting the university's and athletic department's fundraising initiatives with the largest donation to the school and one of the richest in college sports history.
Jahmyr Gibbs and the Detroit Lions have beaten the Dallas Cowboys to stay atop the NFC wild-card race.
Adam Fantilli tied it with 1:31 left in the regulation with his second goal of the game, Kirill Marchenko had the shootout winner and the Columbus Blue Jackets beat the Detroit Red Wings 6-5 on Thursday night.
The Detroit Lions host the Dallas Cowboys in Week 14 of the 2025 NFL season on Thursday.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
Hundreds of thousands will line up along Woodward Avenue for America's Thanksgiving Parade in Detroit.
This week's roundtable discusses the economic outlook as the critical fourth quarter of 2025 plays out.
Detroit City Council President Mary Sheffield was overwhelmingly elected as mayor.
Eric Poe, CEO of CURE Auto Insurance, a New Jersey–based car insurer that entered the Michigan market four years ago and now has over 100,000 customers here, appears on Michigan Matters to discuss insurance rates.
A ground stop for Delta flights at Detroit Metro Airport Friday morning has been lifted following a network outage affecting operations, according to airport officials.
The former U.S. Secretary of Transportation is slated to speak as part of the Mobility Global Forum on Jan. 14.
The baby fur seal waddled into the Sprig + Fern The Meadows craft beer bar in Richmond on Sunday.
A ground stop was issued for Delta flights at Detroit Metro Airport Friday morning, citing a network outage affecting operations.
The Oakland County Sheriff's Office temporarily closes its administration building after preliminary tests detect Legionella bacteria. A man was killed in a shooting at a Detroit gas station, and more on your top headlines.