FOX 2 Detroit on MSN18h
Order to pause federal funding creates confusion, questioned by Detroit school superintendentHow does ‘pausing’ federal funding for school meals for disadvantaged children or programming for special needs children make America great again?” the superintendent posted on social media.
· 2d · on MSN
Federal Reserve expected to stand pat on rates even as Trump demands cuts
· 19h · on MSN
Federal Reserve holds interest rates steady as inflation remains above 2%
Fed holds interest rates steady, awaiting further cooling of inflation
Last month, Fed officials signaled they expect just two rate cuts for all of 2025, a shallower path of reductions than previously anticipated. Investors echo this view, betting on one cut by the Fed’s June meeting and another by the end of the year, according to futures markets.
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.
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.
Now, once-mighty Detroit itself really has filed for Chapter 9 federal bankruptcy protection. There will be casualties from the filing — either the city's creditors will take a big haircut on ...
DETROIT (WXYZ) — A man was arrested after firing gunshots in front of the Patrick V. McNamara Federal Building in downtown Detroit on Tuesday. The incident happened ...
CBS Detroit on MSN21h
Metro Detroit politicians, advocates urge immigrants to know their rightsOn Wednesday, advocates in Metro Detroit rallied together at Patton Park in Detroit to emphasize the rights of local immigrants.
WXYZ Detroit 7, MI on MSN23h
Metro Detroit Weather: Falling temps with snow showersMostly cloudy with a slight chance of a light snow showers Falling temperatures into the upper 20s by the evening. Winds: WNW 20-30 with gusts to 35+ mph.
The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.3% annual rate from October through December. For the full year, the economy grew a healthy 2.8%, compared with 2.9% in 2023.
FOX 2 Detroit on MSN1d
Michigan's public transit community celebrates 2024 successes, but funding issues remainEven 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.
Even before a freeze on federal grants and loans to all non-governmental groups and others was threatened earlier this week, nonprofit leaders were voicing concerns about the uncertain climate under a new administration.
Your hosts wrote exactly one year ago that Congress was facing pressure to address sky-high costs for homeowners and renters — but that there was no clear path to a bipartisan compromise.
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