ANN ARBOR – Michigan drivers are finally getting some relief at the gas pump, with the average price of regular gasoline falling about 45 cents over the past month to roughly $4.18 a gallon. But just as consumers are starting to save money every time they fill up, a new federal inflation report delivered the
WASHINGTON DC - New federal economic data released Thursday delivered a troubling combination for the U.S. economy — and potentially for Michigan as well. Key Economic Numbers Released Thursday Inflation rose to 3.8% in April, up from 3.3% in March Consumer spending growth slowed sharply to 0.2% First-quarter U.S. GDP was revised down to 1.6%
WASHINGTON DC - The Federal Reserve on Wednesday kept short-term interest rates at a level of 4.25 to 4.5 percent, but two board officials running to succeed Fed Chair Powell voted to lower them. Nine of members of the Federal Open Market Committee agreed to keep rates unchanged. The two dissenters were Fed Vice Chair of
LANSING - A Federal Reserve economist Thursday said he expects 2020 to be more positive for the state's economy than 2019. "One thing to keep in mind is that in most of the years since the recession, Michigan has outperformed its trend on this basis than the U.S.," said Martin Lavelle, business economist with the
FLINT - Two economists from the Detroit branch of the Federal Reserve Bank of Chicago will present an economic forecast for 2016 Feb. 3 at the Baker College of Flint Center for Business. The event is free and open to the public; registration is not required. The Fed presenters, Paul Traub, senior business economist, and
SOUTHFIELD — On Oct. 20, local and national panelists from the Federal Reserve, Wayne State University College of Engineering, Innovation Accelerator Foundation and more will explore how leading edge technologies, such as 3D printing and connected and automated products, will transform Michigan’s world of work and business. The Workforce Intelligence Network will also unveil a
