What's New in the Blog

The Detroit Regional Chamber's annual Mackinac Policy Conference.

Chris Holman speaks with Amy Rencher, SVP Small Business, MEDC the Michigan Economic Development Corporation, from Media Row, at the Grand Hotel, while at the 2024 Mackinac Policy Conference.

The Detroit Regional Chamber's annual Mackinac Policy Conference.

Chris Holman speaks with Elizabeth Bernhard, Executive Director, Manufacturing Growth Alliance, from Media Row, at the Grand Hotel, while at the 2024 Mackinac Policy Conference.

The Detroit Regional Chamber's annual Mackinac Policy Conference.

Chris Holman speaks with Tim Salisbury, Mid-Michigan President, PNC Bank, from Media Row, at the Grand Hotel, while at the 2024 Mackinac Policy Conference.

The Detroit Regional Chamber's annual Mackinac Policy Conference.

Chris Holman speaks with Jodi Radke, Regional Director for the Campaign for Tobacco-Free Kids, from Media Row, at the Grand Hotel, while at the 2024 Mackinac Policy Conference.

The Labor Market Remains Strong but Better-Balanced

• Initial claims for unemployment insurance rose by 12,000 to 242,000 in the week ending June 8 and the four-week moving average rose by 5,000 to 227,000. 

• Continuing claims jumped by 30,000 to 1.820 million in the week ending June 1 and the four-week moving average rose by 9,000 to 1.797 million.

The Detroit Regional Chamber's annual Mackinac Policy Conference.

Chris Holman speaks with  Dr. Stephen Rapundalo, President and CEO, MICH Bio, from Media Row, at the Grand Hotel, while at the 2024 Mackinac Policy Conference.

The Detroit Regional Chamber's annual Mackinac Policy Conference.

Chris Holman speaks with Quentin L. Messer, Jr. CEO, President and Chair - Michigan Strategic Fund. MEDC the Michigan Economic Development Corporation, from Media Row, at the Grand Hotel, while at the 2024 Mackinac Policy Conference.

Expects Just One Fed Funds Rate Cut This Year

• The FOMC kept the fed funds rate unchanged in a range between 5.25% and 5.50%. 

• The dot plot showed a median of one 25 basis point rate cut this year, compared to a median of three cuts in the previous dot plot.