Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After raising rates from zero to 5% in 15 months, the central bank is pausing to assess the economic impact of monetary tightening.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience.
It's never a great time to carry credit card debt. But right now is arguably the worst time.
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.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
Short term interest rates are going up a quarter of a percent.
President Barack Obama is nominating economist Kathryn Dominguez to serve on the Federal Reserve's board of governors.
Downtown Detroit is booming with NFL fans, thanks to Day 1 of the draft. The influx is also a boost for area businesses.
The first day of the 2024 NFL Draft in Detroit did not disappoint. From the crowds to athletes and celebrities attending, Thursday also ended with hitting a record.
The Detroit Lions selected Alabama cornerback Terrion Arnold on Thursday in the first round of the 2024 NFL Draft.
NFL Commissioner Roger Goodell announced that more than 275,000 fans attended the first day on Thursday, according to a spokesperson.
Michigan football quarterback J.J. McCarthy is starting his NFL career with the Minnesota Vikings after being selected No. 10 in the first round of the 2024 NFL Draft.
The first day of the 2024 NFL Draft in Detroit did not disappoint. From the crowds to athletes and celebrities attending, Thursday also ended with hitting a record.
One of the NFL's biggest events begins Thursday in downtown Detroit. Aside from community events happening in the area, many people are here to see who the teams will select in the 2024 NFL Draft.
The Detroit Lions selected Alabama cornerback Terrion Arnold on Thursday in the first round of the 2024 NFL Draft.
Downtown Detroit is booming with NFL fans, thanks to Day 1 of the draft. The influx is also a boost for area businesses.
The woman charged in a deadly crash at a Monroe County birthday party that killed two children has posted bond two days later, according to the sheriff's office.
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline.
Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday.
Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
Workers at Mercedes-Benz factories near Tuscaloosa, Alabama, will vote next month on whether they want to be represented by the United Auto Workers union.
After leading the United Auto Workers on its historic strike against the Detroit Three automakers, Shawn Fain has been named on Time's list of the most influential people of 2024.
NFL Commissioner Roger Goodell announced that more than 275,000 fans attended the first day on Thursday, according to a spokesperson.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Many of the events taking place at the Corner Ballpark during the three-day event will be for kids, but go down Michigan Avenue, and there will be plenty for adults to do.
From art and architecture to entertainment, the Motor City is at the centerpiece of the draft.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
It's been a decade since the Flint water crisis began. Residents told CBS News the scandal still weighs heavily on the city.
An unprecedented six of the first 12 picks were quarterbacks, an NFL Draft record.
In 1961, Ed Dwight was selected by President John F. Kennedy to enter an Air Force training program known as the path to NASA's Astronaut Corps. But he ultimately never made it to space.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.
UnitedHealth said it paid the criminals behind attack that crippled hospitals and pharmacies to protect sensitive patient data.
The Michigan Legislature is considering two bills that could make getting access to hormonal birth control a little easier.
Health officials are warning consumers not to consume Infinite Herbs basil sold at some Trader Joe's and Dierberg's stores after 12 people were sickened.
Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.
The Detroit Lions selected Alabama cornerback Terrion Arnold on Thursday in the first round of the 2024 NFL Draft.
Michigan football quarterback J.J. McCarthy is starting his NFL career with the Minnesota Vikings after being selected No. 10 in the first round of the 2024 NFL Draft.
An unprecedented six of the first 12 picks were quarterbacks, an NFL Draft record.
The NFL draft gives players a chance to show their style and many take advantage with custom-made suits.
Big Ten quarterback competitions that started in the spring will carry over to the fall.
The Motor City is putting the final touches in place for the 2024 NFL Draft as it rolls into Detroit next week.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
Three leaders talked about how the region is doing to help people deal with mental health issues.
The issue of abortion and IVF was also discussed during the roundtable, along with thoughts on how they might sway voters this fall.
Downtown Detroit is booming with NFL fans thanks to Day 1 of the draft. The influx is also a boost for area businesses.
The first day of the 2024 NFL Draft in Detroit did not disappoint. From the crowds to athletes and celebrities attending, Thursday also ended with hitting a record.
Heat begins to build starting slowly on Friday before rain arrives Friday night.
Bringing sustainable solutions to traditionally marginalized communities is an initiative backed by the NFL. To promote sustainable farming, members of the NFL and officials from the White House took part in a ribbon cutting on Thursday for a GroShed in a Detroit community.
Some lucky college athletes will have their names called in the 2024 NFL Draft. But what happens after they're drafted? Attorney Donald Smith with Willis Law speaks on the business side of the draft and what players can expect.