Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
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Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The research reveals indicators that contribute to financial hardship in the state, showing 1.6 million households in Michigan are financially insecure.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Stubbornly high inflation and mounting debt are weighing on many people's finances — and their minds.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
The average cost of a dozen Grade A eggs fell to $4.21 last month from a high of $4.82 in January.
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Extra SNAP benefits are estimated to have kept 4.2 million people out of poverty.
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Easing inflation and a strong labor market are helping consumers feel better about the economy this month, according to a closely watched survey released Friday by the University of Michigan.
Valentine's spending is expected to go up year-over-year as consumers expand their gift-giving to friends — and even pets.
Stocks closed higher on Wall Street, marking the market's third winning week in the last four.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
With egg costs more than doubling in the past year, calls are coming for an investigation into possible price gouging.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Some people in the market to buy a house said that even though the interest rates are more than double, they would prefer to buy right now as opposed to when the interest rates are low because it was such a buying frenzy.
A truck driver led multiple police units on a high-speed chase Saturday in Michigan, a pursuit all caught on security cameras.
Michigan State Police officials are investigating after a motorist walking on the shoulder of an interstate exit in Detroit to get more gas for his car was critically injured in a hit-and-run crash Saturday afternoon, the agency said.
The Detroit Red Wings on Saturday night were bested 5-2 by the Carolina Hurricanes, who snapped a season-worst three-game skid.
The chief of the Hamilton Fire Department in Allegan County, Michigan, is dead after he was hit by a vehicle while operating at a medical incident on Tuesday, according to state Rep. Angela Rigas.
A strong winter storm system is bringing warmer temperatures and widespread rain to end the weekend.
A strong winter storm system is bringing warmer temperatures and widespread rain to end the weekend.
DTE Energy says it's working to restore electricity for thousands of people in Southeast Michigan after ice on power lines created outages on Friday.
A truck driver led multiple police units on a high-speed chase Saturday in Michigan, a pursuit all caught on security cameras.
Michigan State Police officials are investigating after a motorist walking on the shoulder of an interstate exit in Detroit to get more gas for his car was critically injured in a hit-and-run crash Saturday afternoon, the agency said.
A pet store in Ypsilanti, Michigan, says a puppy stolen at the business by a woman on Monday was back in its possession on Saturday.
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles.
A 15-gallon tank of gas will cost Michiganders about $42, which is around $15 less than the highest price drivers paid in July 2024.
Ford Motor Co. has stepped up technology in its popular F-150 pickup to combat ever-evolving techniques car thieves have at their disposal.
The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
The "Taylor Swift" bill package, which includes House Bills 4262 and 4263, authorizes the Michigan attorney general to pursue action against anyone using ticket bots.
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
Jeffrey R. Holland was next in line to lead the Mormon church under a long-established succession plan.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
Oakland County officials say it has taken immediate action after water tests detected Legionella bacteria at the courthouse.
President Trump on Thursday signed an executive order to reclassify marijuana. While it might seem like a small move, it opens a new door for the industry as a whole.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Henry Ford Health has announced new labor agreements with registered nurses and radiology technicians at its Rochester hospital.
A Michigan hospital is asking members of the public to raise their flashlights as well as the spirits of children during the holiday season.
The Detroit Red Wings on Saturday night were bested 5-2 by the Carolina Hurricanes, who snapped a season-worst three-game skid.
The Detroit Pistons fell 131-129 Friday night to the Utah Jazz. Keyonte George scored 31 points and hit a floater in the lane with 2.1 seconds remaining for Utah, who snapped a four-game losing streak.
The university fired ex-coach Sherrone Moore on Dec. 10 for having an "inappropriate relationship" with a female staffer.
Ryan Kennedy, along with attorneys, held a press conference on Friday, denying allegations that he made racial comments toward Metcalf during the Dec. 21 game in Detroit.
Jared Goff and the Detroit Lions have gifted the division rival Green Bay Packers a spot in the playoffs.
The roundtable discusses efforts by political and corporate leaders to raise the bar and improve K-12 education with a focus on raising reading scores.
With one in eight adults at risk for kidney disease, Dr. Silas Norman, a University of Michigan doctor specializing in kidney health, and Sandy Baruah, President and CEO of Detroit Regional Chamber, appear on Michigan Matters.
The state of Michigan can do better when it comes to raising the bar on K-12 public education.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
A big change overnight with temperatures dropping and a High Wind Watch in effect
A high-speed pursuit involving multiple law enforcement vehicles and a truck driver on Saturday was caught on security cameras. CBS News Detroit's Julia Avant spoke to people who saw the incident.
Attorneys for the man accused of involuntary manslaughter in the 2024 fatal explosion in Clinton Township have filed a motion to dismiss the charge. Plus, other top stories for the evening of Dec. 27, 2025.
A winter storm on Friday night covered states like New York and New Jersey with several inches of snow. More than 4,000 flights across the U.S. were delayed on Saturday morning amid the winter weather.
Pet City Pets in Ypsilanti said a puppy that was stolen from the business on Monday was back in its possession on Saturday.