Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
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Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
The Federal Reserve announced Wednesday to cut base interest rates by a quarter percentage point bringing 4.25%. It's the first cut we've seen in nine months and that could have an impact on consumer interest rates for credit card debt, car loans and mortgage rates. CBS News has this report.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
The Federal Reserve's September meeting this week is taking place amid the Trump administration's push for the agency to lower interest rates.
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
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.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
CBS News Detroit is simulcasting live coverage on Saturday, beginning at 10 a.m.
Officials are working on creating safe spaces in Detroit for youth because Mayor Mary Sheffield says the city is for everyone, including teens.
What is called the "moon tree" all began with a deal between NASA and an elementary school that used to be in the Ferndale neighborhood.
The Detroit Fire Department confirmed that the firefighter was off-duty and driving a personal vehicle at the time of the crash.
Jalen Duren had 20 points, Duncan Robinson scored 19 and the Detroit Pistons beat Charlotte 118-100, locking the Hornets into the play-in tournament.
Officials are working on creating safe spaces in Detroit for youth because Mayor Mary Sheffield says the city is for everyone, including teens.
What is called the "moon tree" all began with a deal between NASA and an elementary school that used to be in the Ferndale neighborhood.
Caitlin Tressler, 36, has not been seen or heard from since March 27. She was reported missing on April 2.
CBS News Detroit is simulcasting live coverage on Saturday, beginning at 10 a.m.
Brian Hooker exchanged Facebook messages with a friend, which CBS News exclusively reviewed, after his wife vanished in the Bahamas over the weekend.
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.
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.
The bag, called the "Gold Standard Cassette Tape," features a bold, nostalgic design inspired by classic cassette tapes.
Jalen Duren had 20 points, Duncan Robinson scored 19 and the Detroit Pistons beat Charlotte 118-100, locking the Hornets into the play-in tournament.
Detroit Tigers center fielder Parker Meadows has been sent to a hospital for overnight observation after a head-to-head collision with teammate Riley Greene.
Detroit's Kenley Jansen put Miami down in order in the ninth inning and moved into a tie for third in MLB history with his 478th save, Javier Baez homered and the Detroit Tigers beat the Miami Marlins 2-0 on Friday night to end a five-game skid.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
The Trump administration is suing Washtenaw County, accusing county officials of "obstructing federal immigration enforcement operations."
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.
Many Michigan teens in severe mental health crises are sent far from home for treatment due to a lack of local resources.
CBS News Detroit is simulcasting live coverage on Saturday, beginning at 10 a.m.
Jalen Duren had 20 points, Duncan Robinson scored 19 and the Detroit Pistons beat Charlotte 118-100, locking the Hornets into the play-in tournament.
Detroit Tigers center fielder Parker Meadows has been sent to a hospital for overnight observation after a head-to-head collision with teammate Riley Greene.
Detroit's Kenley Jansen put Miami down in order in the ninth inning and moved into a tie for third in MLB history with his 478th save, Javier Baez homered and the Detroit Tigers beat the Miami Marlins 2-0 on Friday night to end a five-game skid.
Detroit Tigers center fielder Parker Meadows broke his left forearm and sustained a concussion during a scary head-to-head collision with teammate Riley Greene on Thursday at Minnesota as they converged on a fly ball in the eighth inning against the Twins.
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.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
An unassuming tree in Ferndale's Wilson Park has more history than any other in the area. What is called the "moon tree" all began with a deal between NASA and an elementary school that used to be in the Ferndale neighborhood.
The Artemis II crew made its back on Earth after a historic moon mission.
Cecilia Smith and her husband were left scratching their heads after they say a woman walked into their Garden City, Michigan, home on Wednesday and stayed inside for several minutes before driving away. On Friday, one day after CBS News Detroit sat down with Smith, the couple contacted the newsroom and said the woman was identified as a hospice nurse who went to the wrong house.
A Detroit firefighter has been charged with allegedly driving while drunk, causing a crash that killed an 85-year-old woman in Roseville.
Detroit Mayor Mary Sheffield is taking on the nationwide trend, "teen takeovers." Sheffield announced a new strategy after meeting with those who organized the events.