Goolsbee: Fed in solid place for eventual cuts though uncertainty means a slower approach
A full-employment economy with solid growth and falling inflation will let the U.S. Federal Reserve continue cutting interest ...
Chicago Fed CEO says tariff uncertainty could slow rate lowering
"I still think my ultimate where-we're-going-to-land is a fair bit below where we are today," Austan Goolsbee said at auto symposium in Detroit.
Bessent's focus on 10-year US Treasury yield may let Fed off the hook
The Trump administration's emerging focus on long-term Treasury bond yields may show growing sensitivity to market ...
Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline
The average rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.64%.
Fed officials are raising concerns about the impact Trump's tariffs could have on inflation
Federal Reserve officials take great pains not to comment on fiscal policy, but the looming threat from tariffs is forcing ...
Trump's China tariff increase will affect Ford and GM vehicles, billions of dollars in auto parts
President Donald Trump's move Saturday to impose 10% additional tariffs on imports from China affects a small number of U.S.
Fed officials note abundance of uncertainty in Trump's policy moves
Federal Reserve officials on Wednesday pointed to the large policy uncertainty around tariffs and other issues arising from ...
Tariffs on China may have larger effect on inflation this time, Chicago Fed's Goolsbee says
Since 2018, companies have shifted the easier-to-substitute supplies out of China. That means products that are still coming from China "might be the least substitutable goods," Chicago Fed President ...
Auto industry bracing for further disruption in 2025, experts say
Analysts, experts and professionals from the industry spoke out about their concerns at the 31st Automotive Insights ...
Whitmer's $83.5B Michigan budget plan boosts education spending, shores up reserves
Michigan budget proposal comes amid high uncertainty as a result of possible federal spending cuts and tariffs directed by President Trump.
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University of Michigan Economists Expect Detroit’s Economy to Grow
Economists at the University of Michigan in Ann Arbor say they expect the city of Detroit’s economic picture to return to growth this year after a “challenging” 2024, as monetary policy eases and ...