CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
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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.
"Shrinkflation" — when companies charge the same for smaller sizes — is a sneaky way to raise prices. Read on to see what kind of products have shrunk the most.
Social Security benefits are given a cost-of-living adjustment each year. The 2025 COLA increase is the smallest since 2021.
Inflation in September fell to an annual rate of 2.4%, its lowest point since early 2021, as gas and energy costs continued to ease.
The Social Security Administration will set its 2025 cost-of-living adjustment within days. Here's what the experts say.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
Olive Garden's same-restaurant sales dropped in its most recent quarter. Now, it's tweaking its menu.
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.
According to reports, Kroger Executive Andy Groff told regulators in a hearing for an anti-trust trial that Kroger raised the price of milk and eggs beyond the level of inflation.
The deal, available through Subway's app and website for a limited time, is aimed at inflation-weary consumers.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
DTE wants customers who are already spending more money to keep the lights on and dig even deeper into their wallets. A handful of frustrated customers and elected leaders protested Wednesday in front of DTE headquarters.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Chipotle CEO Brian Niccol said the company is addressing portion sizes after finding 10% of its locations were skimping.
Consumer spending helped drive growth despite cost-of-living expenses that have spiked across the country.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
Some of the city's biggest points include a focus on youth engagement and addressing problem locations in the city.
The rain is finally coming to an end for much of Michigan, but the impact of these storms over the past few days remains in many areas in Metro Detroit, like in Utica, where dealing with floods has become a way of life.
This past week has been a wild one in the weather department.
One person was taken into custody after a shooting was reported on Thursday at a church in Oakland County, Michigan.
A Michigan man who was convicted of murdering a woman has pleaded no contest in connection with four cases involving assault or attempted assault while he was in the Macomb County Jail.
Michigan Gov. Gretchen Whitmer toured the Cheboygan Lock and Dam Complex on Thursday as crews work to keep the dam from failing due to high water levels.
In downtown Cheboygan, Michigan, businesses are preparing for possible flooding as water levels remain high at Cheboygan Lock and Dam Complex.
Concerns are growing in Monroe County, Michigan, where some residents in Whiteford Township say their wells are running dry.
A tornado has been confirmed in Branch County, adding to those already reported from the April 14-15 severe weather outbreak.
Some of the city's biggest points include a focus on youth engagement and addressing problem locations in the city.
At a gas station in Detroit, owner Mohamad Mallah, known to customers as Big Moe, decided to give back in a big way.
On average, drivers in the state are paying $3.87 per gallon for regular unleaded fuel.
Michigan Gov. Gretchen Whitmer has declared an energy emergency in eight Southeast Michigan counties amid rising gas prices across the state.
General Motors has announced that it's making another round of layoffs at its Factory Zero plant in Metro Detroit. The latest round, the second this year, impacts roughly 1,300 workers and is due to a readjustment of operations amid declining electric vehicle demand.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
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.
Restaurants are being considered for the new Michelin Guide American Great Lakes Edition, set to be revealed in 2027.
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Riley Greene doubled home two runs to tie the score with two outs in the ninth inning, and Colt Keith followed with the winning single as the streaking Detroit Tigers rallied past the Kansas City Royals 10-9 in a wild game delayed twice by rain.
As the conflict in the Middle East drives up prices at the pump, experts say suspending gas and diesel taxes isn't the easy fix it may appear to be.
A federal agency will open a portal on April 20 that lets businesses apply for a refund for Trump tariffs struck down by the Supreme Court.
Wenceel Pérez hit a go-ahead homer in the eighth inning and the Detroit Tigers won their fifth straight game, beating the Kansas City Royals 2-1.
According to his attorney, Brian Hooker plans to return to the Bahamas as the search for his wife, Lynette Hooker, continues.
University of Michigan president-elect Kent Syverud announced Wednesday that he is being treated for a form of brain cancer.
Autism in the D is hosting a "Weekend of Inclusivity," featuring two events aimed at supporting families and highlighting gaps in autism resources across the city.
Dominic Weber and Haylie Reeves met at North Star Reach as campers in 2016.
The Detroit Health Department is hosting a Public Health Week through Saturday, April 11, to provide resources in neighborhoods.
The Michigan Department of Health and Human Services is encouraging parents to consider moving up their children's vaccines against the measles in seven counties.
Riley Greene doubled home two runs to tie the score with two outs in the ninth inning, and Colt Keith followed with the winning single as the streaking Detroit Tigers rallied past the Kansas City Royals 10-9 in a wild game delayed twice by rain.
The Detroit Lions were not very aggressive in NFL free agency, choosing to save salary cap space to sign some key players to long-term extensions.
Wenceel Pérez hit a go-ahead homer in the eighth inning and the Detroit Tigers won their fifth straight game, beating the Kansas City Royals 2-1.
The Detroit Tigers have agreed to an eight-year, $150 million contract extension with rookie infielder Kevin McGonigle.
Kenley Jansen got his 479th save, moving past Lee Smith for sole possession of third place on the career list, and the Detroit Tigers rallied from an eighth-inning deficit to beat the Kansas City Royals 2-1 for their fourth straight win.
It's a look at the critical relationship between Canada, Michigan and the U.S. on this week's Michigan Matters.
The roundtable discusses the dramatic impact AI is having in the classroom, at companies and inside homes.
There's a focus on Michigan's defense industry as a national convention comes to Detroit in a few weeks, with over 11,000 people expected at Huntington Place.
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.
TGIF Family! A foggy start this morning!! Partly sunny this afternoon, high 69..then tracking a strong cold front bringing rain and a few thunderstorms late tonight into Saturday morning. Showers stick around until 10 am Saturday with clearing and breezy conditions by the afternoon. Breezy and much colder Sunday with a few lake showers mixing with wet snowflakes at times.
More than 100 Detroit high school students traded their classrooms for hard hats at the Sachse Construction Academy.
Detroit Mayor Mary Sheffield said on Thursday she wants city government and police to be proactive in responding to safety issues like block parties, drag racing and conflict resolution as temperatures rise into the summer.
In downtown Cheboygan, Michigan, businesses are preparing for possible flooding as water levels remain high at Cheboygan Lock and Dam Complex along the Cheboygan River.
The rain is finally coming to an end for much of Michigan, but the impact of these storms over the past few days remains in many areas in Metro Detroit, like on Davis Drive in Utica, where dealing with floods has become a way of life.