Fed hikes interest rates to highest level in more than 20 years
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
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.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
With so much uncertainty in the world, economic recovery will be a long, slow process.
It's not just the ski slopes feeling the pain of no snow, it's also the plow drivers like Jerome Powell of Powell and Sons Landscaping and Snow Removal.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The signed legislation will improve safety guidelines for child car seats, and education for foster care children.
The Detroit Tigers open their 2024 season on Thursday against the Chicago White Sox in a three-game road series.
With recent polls showing President Joe Biden has gained ground on former President Donald Trump in Michigan, both candidates are working to move the needle in the battleground state.
The fire department says the fire was intentionally set.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The signed legislation will improve safety guidelines for child car seats, and education for foster care children.
The Detroit Tigers open their 2024 season on Thursday against the Chicago White Sox in a three-game road series.
The Detroit Tigers will play the Chicago White Sox at 4:10 p.m. ET on MLB Opening Day.
With recent polls showing President Joe Biden has gained ground on former President Donald Trump in Michigan, both candidates are working to move the needle in the battleground state.
Reports claim that our vehicles may be collecting vast amounts of our personal data, information that could be shared with advertisers, data brokers, insurance companies and beyond.
If you've ever felt your cellphone, smart speaker, or camera was spying on you, it turns out your vehicle may be collecting even more personal data.
The Battery Workforce Initiative creates national guidelines for registered apprenticeships for battery machine operators.
Workers at Volkswagen's factory in Chattanooga, Tennessee, will vote next month on whether they want to be represented by the United Auto Workers union.
Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles.
Combs' homes in Los Angeles and Miami were raided by federal law enforcement officers, U.S. officials confirmed Monday.
Ex-Nickelodeon producer Dan Schneider was accused of inappropriate and abusive behavior in the docuseries, "Quiet on Set: The Dark Side of Kids TV."
This year's 313 Day was extra special for Detroit native Diarra Kilpatrick.
A second man is charged in connection with the 2005 theft of ruby slippers worn by Dorothy in "The Wizard of Oz".
Celine Dion said in her post that March 15 was International Stiff-Person Syndrome Awareness Day.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
Former billionaire Sam Bankman-Fried was convicted for orchestrating a massive financial fraud that led to downfall of crypto trading platform FTX.
CBS News analysis shows most federal traffic safety grants go to planning projects, rather than actual construction. Critics say slow progress contributes to rising deaths on America's roads.
The Francis Scott Key Bridge collapsed after was struck by a cargo ship early Tuesday morning. After two days of searching for six missing people and finding the bodies of two, attention has turned to clearing the waterway.
Maryland State Police Colonel Roland Butler said divers located two men around 10 a.m. in about 25 feet of water at the middle span of the bridge.
More than 2,300 University of Michigan Medicine healthcare workers have joined SEIU Healthcare Michigan.
The Women's Cancer Fund raised $18.3 million, but a new lawsuit alleges the money went to pay a lavish salary to for-profit fundraisers.
Health officials say the case is in an adult who does not have prior immunity to measles and was exposed to a previous Washtenaw County case reported on March 3.
Health officials say the case is in an adult who does not have prior immunity to measles and was exposed to a previous Washtenaw County case reported on March 3.
One way Macomb County Community Mental Health is trying to reduce the stigma is through combined care.
The Detroit Tigers open their 2024 season on Thursday against the Chicago White Sox in a three-game road series.
The season opener for the Detroit Tigers is Thursday, and the team will be heading to Chicago to take on the White Sox.
The Detroit Tigers will play the Chicago White Sox at 4:10 p.m. ET on MLB Opening Day.
Dusty May was succinct when outlining his goals as Michigan coach during his introductory news conference.
The NFL's new kickoff rule is close to being a copy of the kickoff that's been used in the XFL. Here's what it looks like.
The issue of abortion and IVF was also discussed during the roundtable, along with thoughts on how they might sway voters this fall.
Riney, who has spent his 46-year career at Henry Ford Health, was named one of Modern Healthcare's 100 Most Influential People.
Jerry Norcia has led DTE Energy for the past five years as the Detroit-based company has dealt with massive technology changes.
Trump was in Oakland County two weeks ago and said that whichever candidate wins Michigan will ultimately win the White House this November.
Republican presidential candidate Nikki Haley, who is on Tuesday's ballot, will be in Oakland County this Sunday and Monday in Grand Rapids campaigning for votes.
This year's Oakland University men's basketball season is going to be remembered as one of the best in program history.
Faith Xperience Church will drop 10,000 eggs for its Easter egg hunt on Saturday.
We caught up with some Detroit Tigers fans who made the trip to Chicago for Opening Day.
When fire officials arrived, they found the bodies of 40-year-old Christopher Spicer, a resident of the home, and 42-year-old Candace Hawkins inside the home.
Meteorologist Kylee Miller has the sunny NEXT Weather forecast.