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.
In November 2025, Amazon introduced its drone delivery service, Prime Air, which is available only at its Pontiac and Hazel Park locations in Michigan.
Michigan Congresswoman Rashida Tlaib introduced a bill on Thursday that would increase penalties on DTE Energy and other investor-owned utilities for seeking rate hikes within two years of violating the Clean Air Act.
The former Uniroyal property spans about 40 acres just east of Belle Isle, directly next to a riverwalk that now attracts thousands of visitors.
Pat Caputo, a longtime Detroit sports columnist whose work extends to newspapers, TV and radio, died on Thursday after a battle with cancer, his family shared on social media.
The insurance company's contract with the healthcare system ends on June 30, and negotiations for a new one have been unsuccessful so far.
The insurance company's contract with the healthcare system ends on June 30, and negotiations for a new one have been unsuccessful so far.
Dale Warner, a Michigan man accused of killing his wife, Dee Warner, was ordered to serve up to 70 years in prison on charges of second-degree murder and tampering with evidence in her death.
Pat Caputo, a longtime Detroit sports columnist whose work extends to newspapers, TV and radio, died on Thursday after a battle with cancer, his family shared on social media.
Dearborn Public Schools says some students were accidentally served non-halal pepperoni pizza during the month of Ramadan.
A Mount Clemens man is accused of threatening a postal carrier after being asked to secure his dog.
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
Ford Motor Company is recalling over 179,000 vehicles due to a front seat issue that can increase the risk of injury in a crash, the National Highway Traffic Safety Administration said.
A vote by UAW Local 2093 members will be on May 11. The UAW says that if approved, workers could walk out of the Three Rivers facility starting on May 31.
The organization says its executive committee will oversee operations and lead the search for the next leader, under the leadership of DADA president Katie Coleman and Auto Show chairman Lincoln Phillip.
General Motors has announced production investments at its sites in Romulus, Saginaw and Toledo.
With summer not far behind, the city of Detroit is preparing for the highly anticipated 2026 Ford Fireworks next month.
Motown may be Detroit's most famous sound, but it's far from the only one.
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.
Michigan Congresswoman Rashida Tlaib introduced a bill on Thursday that would increase penalties on DTE Energy and other investor-owned utilities for seeking rate hikes within two years of violating the Clean Air Act.
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
Americans on tight budgets are getting hit especially hard by surging fuel costs, forcing some to make hard choices.
Sonny Gray pitched five innings in his return from injury and the Boston Red Sox finished a three-game sweep of the Detroit Tigers with a 4-0 win.
Tigers manager A.J. Hinch also received a one-game suspension and an undisclosed fine.
The insurance company's contract with the healthcare system ends on June 30, and negotiations for a new one have been unsuccessful so far.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Fire department leaders say the rescue reflects the kind of instinctive courage firefighters train for, but also something that goes beyond routine duty.
Pat Caputo, a longtime Detroit sports columnist whose work extends to newspapers, TV and radio, died on Thursday after a battle with cancer, his family shared on social media.
The Detroit Tigers' Triple-A manager says he was fired this week after sending an "inappropriate" text message to a female colleague.
After being overlooked for much of his career, Daniss Jenkins has played himself into a key role with the Detroit Pistons.
Sonny Gray pitched five innings in his return from injury and the Boston Red Sox finished a three-game sweep of the Detroit Tigers with a 4-0 win.
More than 300 PGA professionals from all over the country were hoping to earn a spot in this year's PGA Championship.
Life Directions has been helping guide and mentor young people in Detroit.
Robert Costa, the award-winning national correspondent for CBS Sunday Morning and chief Washington analyst for CBS News, talks about Michigan's role in this critical midterm election.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
It's a look at the critical relationship between Canada, Michigan and the U.S. on this week's Michigan Matters.
The roundtable discusses the dramatic impact AI is having in the classroom, at companies and inside homes.
Warm air and some sunshine will build for Friday with even warmer air and evening storms for Saturday.
Along Detroit’s riverfront, one of the city’s most visible development sites still largely sits empty. The former Uniroyal property spans about 40 acres just east of Belle Isle, directly next to a riverwalk that now attracts thousands of visitors.
Amazon is expanding its drone delivery service, Prime Air, nationwide after a pilot program in Metro Detroit.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
Michigan Congresswoman Rashida Tlaib introduced a bill on Thursday that would increase penalties on DTE Energy and similar utility companies for seeking rate hikes within two years of Clean Air Act violations.