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.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
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.
Police did not immediately provide details on the shooting but said the teen is considered armed and dangerous.
After 75 years at its original Birmingham, Michigan, location, Hunter House is recreating the restaurant about a mile down Woodward Avenue
As the need for shelter grows, The Delonis Center in Ann Arbor will have fewer beds this coming winter.
The Detroit Police Department is investigating after a man was shot Tuesday afternoon on the city's east side.
A Detroit man who was convicted of a series of sexual assault cases dating back to 1997 will spend decades in prison.
Police did not immediately provide details on the shooting but said the teen is considered armed and dangerous.
Safety concerns continue in the city of Birmingham, Michigan, but this time they center on a big fight on the downtown street.
A Michigan father charged in a fatal Thanksgiving Day head-on crash that resulted in the death of his 5-year-old daughter will stand trial.
A West Bloomfield Township, Michigan, man died in a Florida hospital after being found unresponsive while diving in the Florida Keys, local authorities said.
Once again, Southeast Michigan is on the cusp of a storm risk, with a marginal chance highlighting our southern counties.
On average, drivers in the state are paying $4.15 per gallon for regular unleaded fuel.
Dodge unveiled the return of the Super Bee on Thursday during a media preview for Roadkill Nights Powered by Dodge at M1 Concourse in Pontiac.
As a special Goodyear Auto Service Center, the store will display the company's products, technology and heritage.
The president's visit to the Great Lakes state comes less than 100 days before midterm elections that will test his party's grip on Congress.
A 23-year-old man who pleaded guilty to conducting a criminal enterprise in connection with a Metro Detroit vehicle theft operation that Michigan officials called "prolific" has been sentenced, according to online court records.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
The FDA has long fallen short of legally required inspection targets, and foreign inspections fell further last year amid agency layoffs.
No winning tickets were sold for Monday night's $905 million Powerball jackpot, so the estimated grand prize for Wednesday's drawing will be at least $1 billion, Powerball says.
The recalled products with jalapeño were distributed at national retailers, including Walmart, Target and Trader Joe's, in 26 states.
Michigan Senate candidate Abdul El-Sayed says he's spoken with Barack Obama and hopes the former president will campaign with him.
The man who prosecutors say orchestrated the 1996 killing of rap icon Tupac Shakur, Duane "Keffe D" Davis, is on trial almost 30 years after the drive-by shooting in Las Vegas.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
The fungus can live on surfaces, move from person to person and, in some cases, resist the drugs used to treat it. For people who are already sick, the fungus can become life-threatening and, in some cases, fatal.
State and federal health officials say cyclosporiasis cases are slowing down, and contaminated lettuce is no longer on the market.
The Michigan Department of Health and Human Services says it has counted 12,218 cyclosporiasis cases in the state as of Aug. 5.
Despite more than 11,500 cyclosporiasis cases statewide, Michigan health officials say residents should continue eating fresh produce and follow washing and handling steps to reduce their risk of illness.
The Detroit Lions will be without starting center Cade Mays for a "significant" amount of time after the free agent addition suffered a wrist injury.
Hao-Yu Lee drove in the go-ahead run in the 10th inning with a pinch-hit single and the Detroit Tigers beat the San Francisco Giants 3-1 in the rubber game of their series.
The Detroit Lions are signing veteran quarterback Josh Dobbs, according to NFL media. The move comes after the team placed QB Teddy Bridgewater on the reserved/retired list on Sunday.
Detroit Lions Pro Bowl running back Jahmyr Gibbs finally got what he wanted. A record-setting contract brought financial security, but for Gibbs, it also ended an anxious wait that had kept him off the practice field.
Rafael Devers hit a two-run homer in the first, Jung Hoo Lee singled in a pair of runs the next inning before Willy Adames homered in the fifth, and the San Francisco Giants beat the Detroit Tigers 5-2.
The eyes of the nation were on Michigan as its critical 2026 primary was held last Tuesday.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
A Metro Detroit landmark is getting a new home without leaving its old look behind.
Emergency responders are racing against the to clock to locate survivors after an earthquake in Colombia.
The Detroit Lions got in their final practice in Allen Park before their first preseason game this week. Quarterback Jared Goff, who is entering his sixth season with the Lions, has a lot of playmakers around him and is aware of the potential the offense can accomplish this season.
CBS News has confirmed a report that President Trump was secretly escorted off Air Force One and put onto a military aircraft when he left Turkey after the NATO summit last month.
An annual backpack giveaway hosted by Volunteers of America Michigan aimed to send several students with new backpacks for the upcoming school year. The event was hosted in partnership with the Detroit Zoo.