Fed's Goolsbee comforted by latest inflation data, worried about tariffs
Chicago Federal Reserve President Austan Goolsbee said inflation data released on Friday was a bit better than expected and gives him comfort that inflation is on path to the 2% target, adding that he still expects the U.
Inflation ticked higher last month, in latest sign of persistent price pressures
Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier.
Federal Reserve holds interest rates steady as inflation remains above 2%
Trump slams Fed after decision to hold interest rates steady
Federal Reserve expected to stand pat on rates even as Trump demands cuts
Planet Detroit19h
EGLE poised to allow more pollution in southwest Detroit, where emissions already exceed federal levels
Michigan regulators to approve air quality permits for two facilities near southwest Detroit, despite heavy existing air pollution.
Wall Street slips after the Federal Reserve keeps interest rates steady
U.S. stock indexes are drifting on Wednesday, ahead of the Federal Reserve’s upcoming decision on interest rates and after two days of disruption driven by doubts about the artificial-intelligence boom.
CBS Detroit on MSN1d
Metro Detroit politicians, advocates urge immigrants to know their rights
On Wednesday, advocates in Metro Detroit rallied together at Patton Park in Detroit to emphasize the rights of local immigrants.
The dollar could climb with Trump tariff risks not expected to shift Fed policy
This story incorporates reporting from Detroit News, The Wall Street Journal on MSN.com and Reuters.The U.S. dollar may strengthen as market analysts suggest that tariff risks are unlikely to alter the Federal Reserve’s current policy direction.
WXYZ Detroit 7, MI on MSN3d
Suspended Detroit Police Department Lieutenant returns to work
A Detroit Police Lieutenant who was caught on video telling Pro-Palestinian protestors to "Go back to Mexico" is back on the job and one of the protestors who spoke to is speaking out.
Federal Reserve says it will leave climate change organization
The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
FOX 2 Detroit on MSN2d
Michigan's public transit community celebrates 2024 successes, but funding issues remain
Even as more bus routes, better service, and improved dialogue around transit highlighted 2024, divided government and Trump's pause on federal grants will make any expanded transit tough in Michigan.
Next week: General Motors earnings, Fed policy meeting and the government’s first Q4 GDP estimate
General Motors reports its fourth-quarter financial results on Tuesday, The Federal Reserve wraps up its two-day policy meeting on Wednesday and on Thursday the Commerce Department issues its first estimate of how the U.
Crain's Detroit2d
This apartment magnate lived large on a $2B portfolio. Now, he’s in retreat.
A past-due office rent bill of a comparatively paltry $64,000 forced what was left of City Club Apartments LLC to the streets last year, although City Club’s former landlord says in court filings that it owes more than $700,000 on the entire term of the lease agreement.