Inflation slowed in October, gauge closely tracked by Fed shows
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
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Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Rising inflation could cause tighter budgets for some families as others may wonder how generous they can be.
It's estimated more gift buyers are likely to shop on Small Business Saturday than Black Friday this year.
Thanksgiving dinner will cost a whopping 20% more than it did last year, according to a new survey released Wednesday by the American Farm Bureau Federation.
You might have found the perfect house, but between the price and the interest rate, you're not sure if you should buy.
It's never a great time to carry credit card debt. But right now is arguably the worst time.
Inflation? High gas prices? American gamblers are shrugging them off — and losing money at casinos at a record pace.
Stocks rose in afternoon trading on Wall Street Tuesday as Americans head to the polls to vote in midterm elections that are being heavily influenced by inflation and the threat of a recession.
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily.
With cost of groceries not slowing down, businesses like Detroit Cookie Co. continue fighting off food inflation.
Every time Amy Johnson turns on the water, she is thinking about her water bill. It's $13,000. How is that even possible?
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
Former U.S. Ambassadors John Rakolta Jr. and David Fischer appear on CBS 62's "Michigan Matters" this Sunday to talk about their time in those diplomatic jobs and how they ended up helping the Abraham Accords get signed.
The Southeast Michigan Purchasing Managers Index for September is at 50.6, up nearly five points from the August PMI of 45.7 and indicating a resumption of growth in the Southeast Michigan economy after three declining months.
The Southeast Michigan Purchasing Managers Index came in at 60.3 in June, a marked drop from 66.3 in May.
More money in your gas tank means less money in your wallet, and that's changed how consumers are spending their money elsewhere.
The Federal Reserve sizes up the economy in a two-day policy meeting which concludes Wednesday.
A trip to the grocery store might start to cost you more.
The Southeast Michigan Purchasing Managers Index declined to 67.7 in May from 67.9 in April, according to economists at Wayne State University's business school. Meanwhile, commodity prices are surging.
Multiple residents are left worried about what's to come next week with extremely hot temperatures in the forecast.
Tatsuya Imai struck out 10 in six scoreless innings and Taylor Trammell homered to lead the Houston Astros to a 2-1 victory over the Detroit Tigers on Thursday night.
A Macomb County judge issued two bench warrants against Kim Mathers, the ex-wife of rapper Eminem, after she failed to appear for court hearings following a DUI last month.
Williams said the suspect lived in the home and appeared to be the only occupant at the time of the shooting.
The city of Farmington is often recognized for its walkable downtown. To keep the public safe, police are cracking down on drivers who fail to stop at crosswalks.
Williams said the suspect lived in the home and appeared to be the only occupant at the time of the shooting.
Multiple residents are left worried about what's to come next week with extremely hot temperatures in the forecast.
Detroit Lions cornerback Terrion Arnold is in custody after turning himself in to authorities in Florida.
The Detroit Police Department is investigating after a man was killed and a young child was hurt in a shooting on Wednesday night.
Tatsuya Imai struck out 10 in six scoreless innings and Taylor Trammell homered to lead the Houston Astros to a 2-1 victory over the Detroit Tigers on Thursday night.
President Trump says major automakers Ford and General Motors are in talks with defense contractors about possibly repurposing some plants for weapons production.
According to AAA, the average cost of gas statewide sits at $4.07.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
American Axle, which is headquartered in Detroit, is a Tier 1 supplier to General Motors. UAW members have launched a strike at its Three Rivers site.
National Detroit-style Pizza Day is June 23, a date tied to a dish that traces its roots to a Detroit neighborhood bar and a Sicilian family recipe from 1946.
Crews have been preparing all morning, getting everything ready for the show just after 10 p.m.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
Tatsuya Imai struck out 10 in six scoreless innings and Taylor Trammell homered to lead the Houston Astros to a 2-1 victory over the Detroit Tigers on Thursday night.
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
No foul was initially called after Alyssa Thomas' fist made contact with Caitlin Clark's throat during a game between the Phoenix Mercury and Indiana Fever on Wednesday.
The Battle of the Little Bighorn killed Custer and more than 260 others on June 25, 1876 — and his complicated legacy is still visible in Monroe, Michigan, where a statue honoring him remains standing despite calls for its removal.
The Supreme Court on Thursday said the Trump administration can move forward with its efforts to strip more than 356,000 Syrian and Haitian immigrants of temporary protections.
Five of the twelve organizations receiving these opioid settlement funded grants are located in Southeast Michigan.
The death of one dialysis patient and hospital treatment for five others are under scrutiny in the Novi area.
Michigan Gov. Gretchen Whitmer named a new acting director of the Michigan Department of Health and Human Services ahead of current Director Elizabeth Hertel's departure.
On Monday, Michigan Gov. Gretchen Whitmer announced the state's second round of medical debt forgiveness.
Blood drives are happening all across Michigan, including one at the Sickle Cell Disease Association of America Michigan Chapter in Detroit.
Tatsuya Imai struck out 10 in six scoreless innings and Taylor Trammell homered to lead the Houston Astros to a 2-1 victory over the Detroit Tigers on Thursday night.
No foul was initially called after Alyssa Thomas' fist made contact with Caitlin Clark's throat during a game between the Phoenix Mercury and Indiana Fever on Wednesday.
Detroit Lions cornerback Terrion Arnold is in custody after turning himself in to authorities in Florida.
Tampa police say Arnold turned himself in on Wednesday at Orient Road Jail in Hillsborough County.
Paul Goldschmidt had two home runs and Jasson Domínguez hit a go-ahead, two-run shot in the sixth inning off Tarik Skubal, lifting the New York Yankees to a 4-2 series-winning victory over Detroit.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
Four leaders appear in one-on-one conversations on CBS Detroit's Michigan Matters this Sunday to discuss their political futures and the road ahead in the 2026 midterms.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
It's the fourth year the Detroit Grand Prix has been on the streets of the Motor City after moving from Belle Isle.
Detroit Lions cornerback Terrion Arnold made his first appearance in a Tampa courtroom Thursday after facing multiple felony charges connected to an alleged violent robbery and kidnapping earlier this year.
According to Center Line police, at least four air conditioning units from a neighborhood were stolen late last week, and investigators say similar thefts have occurred in Warren as well.
Detroit police shot and killed a man who they say opened fire on officers who were executing a search warrant Thursday evening on the city's west side.
The city of Farmington is often recognized for its walkable downtown. To keep the public safe, police are cracking down on drivers who fail to stop at crosswalks.
Inflation has left Oakland County's public schools struggling to keep up this year. In response, Oakland County Public Schools have joined together in asking the community to increase school funding to fight inflation.