What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
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New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
The impact of higher energy prices and fears about covering monthly bill is taking a toll on public sentiment, a new Gallup poll finds.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
The cost of ground beef in the U.S. has soared in recent years and is forecast to jump even further in 2026. What gives?
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Most Republicans feel Trump has done more than expected, while others have views that are more mixed.
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
Economists had expected CPI to rise at an annual rate of 3% last month.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
Michigan Attorney General Dana Nessel has four Michigan residents in separate healthcare fraud cases.
The death of one dialysis patient and hospital treatment for five others are under scrutiny in the Novi area.
Under Senate Bill 948, Michigan employers who require workers to respond to job-related messages outside scheduled hours could face fines or be required to pay overtime.
A Warren man will serve up to 15 years in prison over charges resulting from a hit-and-run crash that killed an autistic teenager in 2023.
From the Detroit Riverfront to Campus Martius and even some of the city's alleyways, Detroit has become home to spaces designed for people to gather.
The death of one dialysis patient and hospital treatment for five others are under scrutiny in the Novi area.
A 17-year-old accused of leading Warren police on a chase that ended in a deadly crash near the Warren-Detroit border last week has been charged with felony murder.
A State of Michigan prison warden in charge of the Huron Valley Correctional Facility is on leave, state officials confirmed.
A Grosse Pointe Park man and his 11-year-old daughter escaped after he realized early Wednesday that there was a fire in their home.
The postponed opening of the $4.4 billion Gordie Howe International Bridge is now a flashpoint in Michigan's Democratic Senate primary, with Mallory McMorrow becoming the first candidate to make it a campaign issue.
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."
President Trump canceled a planned signing ceremony on Wednesday for a housing affordability bill that passed Congress by wide bipartisan margins.
The postponed opening of the $4.4 billion Gordie Howe International Bridge is now a flashpoint in Michigan's Democratic Senate primary, with Mallory McMorrow becoming the first candidate to make it a campaign issue.
The boy was on a tour of the Bahamas' Exuma Cays with his family when the attack occurred, the Royal Bahamas Police Force said.
Jazz Chisholm Jr. homered, drove in two runs and scored twice and the New York Yankees beat the Detroit Tigers 4-3.
President Trump says major automakers Ford and General Motors are in talks with defense contractors about possibly repurposing some plants for weapons production.
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.
An experimental fentanyl vaccine that has spent years in development is now entering a new phase, offering new hope in the fight against the nation's ongoing overdose epidemic.
It has been two weeks since a contentious Hamtramck City Council meeting sparked loud controversy when the council voted to fire City Manager Adel al-Adlani.
In a quick motion, the Detroit Pistons reportedly traded up from No. 21 to No. 17 to take Stanford guard Ebuka Okorie in the NBA draft on Tuesday.
Just months after winning their first NCAA championship title since 1989, the Michigan Wolverines celebrated several of their players who were selected in the 2026 NBA draft.
Jazz Chisholm Jr. homered, drove in two runs and scored twice and the New York Yankees beat the Detroit Tigers 4-3.
Yaxel Lendeborg, the Michigan star and South Jersey native, was selected 11th overall by the Golden State Warriors in the 2026 NBA Draft Tuesday night.
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 is in the spotlight this week as hundreds of planners and designers from around the world arrive to study how the city is using public spaces to bring people together.
President Trump canceled a planned signing ceremony on Wednesday for a housing affordability bill that passed Congress by wide bipartisan margins. Jarred Hill reports.
A 17-year-old accused of leading Warren police on a chase that ended in a deadly crash near the Warren-Detroit border last week has been charged with felony murder.
Pierre Vinson explains how he and his daughter got out safely after he realized there was a fire in their Grosse Pointe Park home.
Detroit's chief public health officer, Ali Abazeed, and other city officials shared a community health report Tuesday.