Before Vice President Kamala Harris addressed a couple hundred union members in Lansing Friday evening, she was introduced by Benjamin Frantz, who described his journey going from a “poor kid to Local 652 president.”
He leads the union local that has a lot on the line this election, as it represents workers at General Motors’ Lansing Grand River Plant that netted a $500 million federal grant from the Biden administration to transition to electric vehicle production to keep the plant open and save 650 jobs. But former President Donald Trump’s running mate, Ohio U.S. Sen. J.D. Vance, won’t say if their administration would uphold the funding.
“I am a union autoworker, but I am an American first,” Frantz said. “… That’s why it is my honor and it is my privilege to announce to you all someone who believes in workers’ rights, who believes in the reason I wake up, believes in the reason that you guys are here.”
About an hour later in Detroit, Brian Pannebecker took the stage at Huntington Place where former Trump was holding a rally for thousands of supporters. The Macomb County founder of Auto Workers for Trump has been a fixture at Trump’s Michigan events since 2016, but the group has drawn controversy as some rallygoers sporting its shirts have admitted they’re not autoworkers.
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On Friday night, Pannebecker waxed nostalgic about the industry’s history in Michigan and gas-powered vehicles lined up for theWoodward Dream Cruise.
“Now if Kamala Harris and Tampon Tim were to find their way into the White House, you can kiss all that goodbye,” he said, using a derogatory nickname for Harris’ running mate, Minnesota Gov. Tim Walz, before launching into an interlude about conspiracy theories about the 2020 election that Trump lost to President Joe Biden.
“But the UAW — if Kamala Harris were to get elected, our livelihoods’ gone; our industry is gone. She wants to eliminate it,” Pannebecker said.
The approaches from the two men couldn’t have been more different: Frantz delivered an emotional speech, punctuated by his personal story, while Pannebecker went on the attack and revved up the crowd.
But interestingly, it was Harris — not Trump — who was the focus of both leaders’ remarks. That mirrors much of the analysis of the presidential race in these final two weeks that has centered on what the vice president needs to do to win over enough voters in key blocs, like Black men, Latinos and Arab Americans.
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And in Michigan — perhaps more than in any other state — Democrats are worried about Harris shedding critical labor support, especially as big unions like the Teamsters and the International Association of Fire Fighters have opted not to endorse in the presidential race.
“Dems’ slippage with unions is occuring with the most male unions, because Dem slippage is most intense with non-college males overall,” said Adrian Hemond, a Democratic consultant and CEO of Lansing-based Grassroots Midwest.
There’s also concern among Democrats that racism and misogyny are playing a role here, as Harris, who is Black and Indian American, would be the first female president. It’s not a coincidence that Michigan Gov. Gretchen Whitmer — who’s endured her fair share of sexism, like being called “batsh-t crazy” by a Republican former Senate majority leader — has been stressing Harris’ strength while on the campaign trail.
“Why wouldn’t we choose the leader who’s tough, tested and a total badass?” Whitmer said at the Democratic National Convention in August. “I know who I want as our commander-in-chief. America, let’s choose Kamala Harris.”
Message discipline and differences
In order to win over workers, the two presidential nominees pitched vastly different messages last week while stumping in Michigan, the birthplace of the UAW. While Harris has portrayed herself as the “underdog,” Trump has sought to convey an aura of inevitability.
Michigan remains a critical battleground for both campaigns. Trump pulled out a shocking win in 2016 by less than 11,000 votes over former Secretary of State Hillary Clinton and also notched victories in the other “Blue Wall” states of Wisconsin and Pennsylvania. But all three states flipped blue in 2020, with Biden taking Michigan by more than 154,000 votes.
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As she began her speech at Local 652, Harris tried to tap into the state’s deep-seated pride in the labor movement.
“For generations, here in Lansing and across our country, union members have helped lead the fight for fair pay, better benefits, and safe working conditions. And every person in our nation has benefited from that work,” she said.
“… Unions have always fought to make our nation more equal, fair, and free, and in this election, everything that we have fought for is on the line.”
Harris then promised to invest in manufacturing and expand job opportunities for those without college degrees. She touted the Biden administration shoring up the Detroit Carpenters Pension Fund, impacting more than 22,500 union workers and retirees in Michigan, with the campaign stressing the administration has protected pensions for over 1.1 million workers nationally and over 80,000 in Michigan.
But Hemond said the Democrats’ approach of trumpeting policy plans and victories often falls short with voters.
“Policy can only get you so far with voters who don’t follow policy closely, and in general, 21st century Dems do a poor job speaking to voters without degrees,” he told the Michigan Advance. “Dems have to convince these men that they belong in the Dem coalition.”
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Trump, on the other hand, typically talks more generally about the economy and stresses why workers like him. At a stop in Hamtramck Friday, he boasted of UAW members backing him because he understands how to create jobs.
“So many of them … support me because I’m going to bring back the auto jobs,” Trump said.
“I’ve saved Michigan,” he added.
During a manufacturing roundtable in Auburn Hills later on Friday, Trump praised controversial Teamsters President Sean O’Brien — who met with him in January at his Mar-a-Lago estate and later spoke to the Republican National Convention — as a “great guy.”
Trump doesn’t go into detail about his manufacturing plans, but he does promise it will lead to an economic revival across America.
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“We want people to build plants in the United States, employ our people, that’s what we want and if you do that, it’s a whole different story and ideally they’ll build it right here in Detroit and we’ll get Detroit moving and others will come also,” Trump said at his rally at Huntington Place. “So vote Trump and you will see a mass exodus of manufacturing jobs from Mexico to Michigan, from Shanghai to Sterling Heights and from Beijing to right here in Detroit and other cities all across America. Because a strong auto industry will make all of Detroit richer.”
The former president does speak about one policy regularly: tariffs. He’s proposed a 10% or 20% tariff on all imported goods and a 60% tariff on goods imported from China, which Harris and some economists have panned as a tax hike on consumers.
But in Auburn Hills, Trump told attendees, “I think it’s more beautiful than love, the word tariff.”
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Former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
Attendees wait in line before a rally for former President Donald Trump in Detroit on Oct. 18, 2024 (Photo: Anna Liz Nichols)
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Michigan GOP Chair Pete Hoekstra speaks ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Former President Donald Trump speaks at a campaign event in Boxing Hall of Famer Thomas ‘Hitman’ Hearns (left) speaks alongside former President Donald Trump (right) at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Michigan GOP Chair Pete Hoekstra speaks ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Michele Lundgren, one of the individuals charged Michigan’s Attorney General for submitting false election results in the 2020 presidential election, attends a political rally for former President Donald Trump on Oct. 18, 2024 (Photo: Anna Liz Nichols)
Rapper Trick Trick speaks after former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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A young attendee poses for a picture as former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Attendees pray before a rally for former President Donald Trump in Detroit on Oct. 18, 2024 (Photo: Anna Liz Nichols)
Michigan Republican candidate for the U.S. Senate Mike Rogers speaks ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Members of “The Daily Show” talk to a Trump impersonator before a rally for former President Donald Trump in Detroit on Oct. 18, 2024 (Photo: Anna Liz Nichols)
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Former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
Former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Advisor for former President Donald Trump Stephen Miller speaks ahead of Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Advisor for former President Donald Trump Stephen Miller speaks ahead of Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Advisor for former President Donald Trump Stephen Miller speaks ahead of Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Michigan Republican candidate for the U.S. Senate Mike Rogers takes the stage ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
Attendees await former President Donald Trump to take the stage in Detroit at a political rally on Oct. 18, 2024 (Photo: Anna Liz Nichols)
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Michigan Republican candidate for the U.S. Senate Mike Rogers speaks ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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U.S. Representative for Florida Byron Donalds speaks ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Attendees await former President Donald Trump to take the stage in Detroit at a political rally on Oct. 18, 2024 (Photo: Anna Liz Nichols)
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U.S. Representative for Florida Byron Donalds speaks ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
Michigan Republican candidate for the U.S. Senate Mike Rogers speaks ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Brian Pannebecker speaks ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Attendees await former President Donald Trump to take the stage in Detroit at a political rally on Oct. 18, 2024 (Photo: Anna Liz Nichols)
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Attendees await former President Donald Trump to take the stage in Detroit at a political rally on Oct. 18, 2024 (Photo: Anna Liz Nichols)
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U.S. Representative for Florida Byron Donalds speaks ahead of former President Donald Trump at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
Trump campaign flags hoisted outside of Detroit’s Huntington Place in Detroit | Ken Coleman
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Republican vice presidential nominee J.D. Vance blasted Vice President Kamala Harris on immigration, inflation and foreign economic competition during an Oct. 2, 2024 campaign stop in Auburn Hills. | Kyle Davidson
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Christina Kincaid of Flint arrived early to Donald Trump’s Detroit rally. | Ken Coleman
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An attendee holds up a “make Detroit Great Again” sign as former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
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Former President Donald Trump speaks at a campaign event in Detroit on Oct. 18, 2024. (Photo: Anna Liz Nichols)
Republican vice presidential nominee J.D. Vance delivers remarks during an Oct. 2, 2024 campaign stop in Auburn Hills. | Kyle Davidson
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Both presidential hopefuls have had choice words about one another while traversing Michigan, although Trump’s have been sharper, telling reporters on Friday that Harris is “not a smart person.”
A week earlier while speaking to the Detroit Economic Club, Trump announced, “Our whole country will end up being like Detroit if she’s your president.” Harris has sought to turn the attack around, releasing a scathing Michigan ad and showing up in a “Detroit vs. Everybody” shirt at an early voting event Saturday with Lizzo.
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Harris usually sticks to policy contrasts with her opponent. At her Lansing stop Friday, she paused her remarks several times, as she’s been doing lately, to show clips of Trump’s speeches, like when he said he “used to hate to pay overtime” and ripped on autoworkers’ skills, musing that “you could have a child do it.”
“Donald Trump thinks the work you do is child’s play,” Harris said, drawing boos from the crowd. “That your value as workers is virtually meaningless. When we here all know the work you do is complex. And you do it with great care. You are highly skilled. Highly trained. And the best autoworkers in the world.”
And Harris spoke directly to members of Local 652, warning that their jobs at the GM plant could be on the chopping block if Trump gets back into office.
“Trump’s running mate called your jobs ‘table scraps,” Harris said, referring to Vance’s comments this month about the $500 million federal grant. “Well, I will always have your back, and will fight to keep your jobs right here in Lansing.”
Vance has sought to defend Trump’s record on the auto industry, but he has not promised to keep the federal funding in place for the Lansing plant.
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“So neither me nor President Trump has ever said that we want to take any money that’s going to Michigan autoworkers out of the state of Michigan,” Vance said on Oct. 8 in Detroit. “We certainly want to invest in Michigan auto workers as much as possible.”
As Harris emphasizes what Democrats have delivered to working-class voters while Trump wages a personality-driven campaign seeking to appeal to them on a visceral level, it’s not clear what approach will win out — or even if union workers’ votes will prove decisive in Michigan. There are any number of fault lines this election, including abortion rights, inflation and the war in Gaza.
But if there’s one thing you can count on in late October in the Mitten State, it’s that Democrats will panic about election strategy. Jeff Timmer, a former Michigan GOP executive director who’s now an adviser with the anti-Trump Lincoln Project, has watched this dance for decades. But he sees a silver lining for Democrats this year.
“Trump has made inroads [with union voters] but the Dems are bedwetting for certain,” he told the Advance. “Harris’ inroads into college white [voters] outpaces Trump blue-collar gains.”
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Benjamin Frantz, President of UAW Local 652, introduces Vice President Kamala Harris at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
Vice President Kamala Harris talks to attendees at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Vice President Kamala Harris hugs an attendee on stage at her rally at UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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State Rep. Kara Hope and Lansing City Council President Peter Spadafore at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Pro-Palestinian protesters outsideVice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
Lt. Gov. Garlin Gilchrist speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Former President Donald Trump’s remarks on workers are played at Vice President Kamala Harris’ event at UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Former state Sen. Curtis Hertel speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
Former state Sen. Curtis Hertel speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Lt. Gov. Garlin Gilchrist speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Former state Sen. Curtis Hertel speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
U.S. Rep. Elissa Slotkin speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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U.S. Rep. Elissa Slotkin speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Former President Donald Trump’s remarks on workers are played at Vice President Kamala Harris’ event at UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Pro-Palestinian protesters outsideVice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Former state Sen. Curtis Hertel speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Lt. Gov. Garlin Gilchrist speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Lt. Gov. Garlin Gilchrist talks to an attendee at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris talks to attendees at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Benjamin Frantz, President of UAW Local 652, introduces Vice President Kamala Harris at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Workers at President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
U.S. Rep. Elissa Slotkin speaks at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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An attendee dons a camp Harris-Walz cap at President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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An attendee dons a camp Harris-Walz cap at President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Ingham County Commissioner Thomas Morgan at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Ingham County Commissioner Thomas Morgan and Lansing City Council President Peter Spadafore at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
Lt. Gov. Garlin Gilchrist talks to attendees at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Former President Donald Trump’s remarks on workers are played at Vice President Kamala Harris’ event at UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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State Sen. Sam Singh at Vice President Kamala Harris’ rally UAW Local 652 in Lansing, Oct. 18, 2024 | Susan J. Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
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Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
Vice President Kamala Harris speaks at UAW Local 652 in Lansing, Oct. 18, 2024 | Angela Demas
As the Federal Reserve continues to cut interest rates amid a cooling job market, the economy is poised for moderate growth in Michigan and nationally over the next two years, according to University of Michigan economists.
The national economy is projected to grow 2.3% in the fourth quarter of 2024 with the unemployment rate averaging 4.2%, while growth may ease slightly in the near future due to a slowing labor market, the UM economists said in a U.S. Economic Outlook for 2025–2026.
Meanwhile, Michigan’s economy has slowed since spring, with heightened uncertainty due to the recent elections, the economists wrote in a Michigan Economic Outlook for 2025–2026. Both reports were written by Jacob T. Burton, Gabriel M. Ehrlich, Kyle W. Henson, Daniil Manaenkov, Niaoniao You and Yinuo Zhang.
“The U.S. economy has gone through times of great uncertainty before and emerged intact,” the economists wrote. “We are projecting that both Michigan and the nation will follow that path over the next two years.”
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Job growth in Michigan is expected to decline in the second half of the year, but grow moderately in 2025 and 2026.
“We believe the election results have amplified the uncertainty surrounding Michigan’s economic outlook,” the economists wrote. “We project a small dip in Michigan’s job count in the back half of 2024 to give way to moderate job gains in 2025 and 2026, but the outlook depends critically on uncertain policy decisions and the subsequent market responses.”
The economists expect job growth in the state to be strongest in health care, leisure and hospitality and government, while sectors including manufacturing and professional services are expected to remain stable.
“We are projecting the state economy to return to growth over the next two years as easier monetary policy and another round of tax cuts boost medium-term growth,” the economists wrote. “Michigan adds 19,000 payroll jobs next year and an additional 26,700 in 2026. The unemployment rate in Michigan is projected to fall from 4.6% in late 2024 to 4.3% by the end of 2026.”
The Detroit, Grand Rapids and Ann Arbor metro areas showed a downward trend in job growth, with Detroit and Grand Rapids seeing 0.1% growth during the past year. Ann Arbor saw relatively stronger job growth of 1.3% as of September, according to the report. Metro-level data for October was not available for the report, officials said.
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The report attributes the underlying cause of the slowdown in Michigan’s job market as the Federal Reserve’s policy of monetary tightening to control inflation.
“Although the Fed has recently pivoted toward reducing short-term interest rates, we believe that real interest rates remain at a restrictive level and that the effects of the Fed’s past tight monetary policy continue to impact Michigan’s economy,” the economists wrote. “Indeed, in many ways, the national rebalancing in the labor market is precisely what the Fed hoped to engineer with its policy actions. Unfortunately for Michigan, our relatively rate-sensitive industry mix means that higher interest rates have taken a larger economic toll than nationally.”
The Michigan outlook points to stronger personal income growth, with per capita income increasing to $64,000 in 2024 and reaching around $68,500 by 2026, up 41% from 2019.
Inflation is expected to slow to 3.3% in 2024 and 2.2% in 2025 before increasing to 2.7% in 2026 due to new tariffs that the incoming Trump administration is expected to impose.
The U.S. and Michigan economic outlook reports follow the presidential election, which economists say will result in significant changes in U.S. economic policies. In the reports, the economists shared their thoughts on about the impacts of a second Trump administration.
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The recent election of Donald Trump as well as the Republican majorities in the U.S. Senate and House will likely to result in a continuation of tax cuts Trump enacted during his first term, the economists said. Also expected is a sharp rise in tariffs on imports from China to take effect by 2026.
While rising tariffs on Chinese imports and tax cuts for corporations and individuals are expected in upcoming years, revenue increases from tariffs are unlikely to offset revenue losses generated by tax cuts, according to the report. This could result in slower revenue growth and a sharp increase in federal deficits.
“As the stimulative effects of the expected tax cuts dominate the drag from the anticipated new tariffs, we project quarterly GDP growth to accelerate modestly during 2026, reaching a 2.5 percent annualized pace by 2026 Q4,” the economists wrote.
The report notes that the Federal Reserve has started cutting interest rates after keeping them at a 23-year high of 5.25% to 5.5% for 14 months. The rate was reduced by 50 basis points in September and 25 basis points in November, bringing it to 4.5% to 4.75%.
Additional cuts will depend on economic data, with the economists expecting another 25 basis point cut in December.
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Looking ahead at next year, the economists say they expect the Fed to make four more 25-basis-point cuts in 2025 and reach a range of 3.25–3.5% by the end of the year.
“In our view, the temporary uptick of inflation related to tariffs will not prompt the Fed to tighten policy in 2026,” economists wrote. “We believe that risk management concerns related to the potential negative growth effects of tariffs, which played a role in the 2019 rate cuts, will balance the upside risks from new tax cuts, prompting the Fed to stand pat.”
KALAMAZOO, Mich. (AP) — Quandre Bullock scored 20 points off of the bench to lead South Dakota past Western Michigan 80-76 on Wednesday night.
Bullock also contributed three steals for the Coyotes (5-1). Paul Bruns scored 18 points, shooting 6 for 13 (3 for 8 from 3-point range) and 3 of 3 from the free-throw line. Cameron Fens had 16 points and shot 7 of 9 from the field and 2 for 4 from the foul line.
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The Broncos (2-4) were led by Markhi Strickland, who posted 20 points and six rebounds. Western Michigan also got 13 points and six rebounds from Owen Lobsinger. Javaughn Hannah also recorded 12 points.
Bullock scored 12 points in the first half and South Dakota went into the break trailing 34-33. Bruns’ 18-point second half helped South Dakota close out the four-point victory.
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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
With all the talk about running back carries in recent weeks, Michigan is planning to work another player into the rotation this week.
True freshman Micah Ka’apana could make his season debut for the Wolverines in their game Saturday against Northwestern (3:30 p.m., FS1), head coach Sherrone Moore said this week.
On Monday, Moore raved about Ka’apana’s “dynamic speed” and said Michigan has plans to “put it on display a little bit this week,” signaling plans to get the Hawaii native touches as the season winds down.
Under revised NCAA rules, football players can appear in up to four games without burning a redshirt. Ka’apana has not played this season; instead spending much of it on the scout team.
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“He’ll be implemented into the game plan a little bit more this week,” Moore said on the “Inside Michigan Football” radio show. “Very shifty, great contact balance. He’s small but he isn’t little. The dude plays with power — he’s strong — but he’s super fast.”
More: Ben Hall views himself as Michigan’s next RB1, and wants more carries to prove it
The 5-foot-11, 190-pound Ka’apana is a former three-star recruit from Bishop Gorman High School in Las Vegas, where he put up big numbers during his final two seasons. The Hawaii native rushed for 723 yards and nine touchdowns as a senior, and topped 1,000 yards and 15 touchdowns as a junior in 2022, while also catching 11 passes for 192 yards and four touchdowns.
Michigan (5-5, 3-4 Big Ten) has spent the bulk of its disappointing season leaning on two backs, Kalel Mullings and Donovan Edwards. Redshirt freshman Benjamin Hall saw some playing time during the non-conference portion of the schedule, then got four carries in the loss to Indiana on Nov. 9.
Another true freshman, Jordan Marshall, has yet to receive a carry despite appearing in two games as a kick returner on special teams. Marshall will continue in that role this week, Moore said, while the Michigan staff takes a closer look at Ka’apana.
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“He had a game in high school where he had five carries and five touchdowns,” Moore said. “So the dude is really, really dynamic. Really excited to see what he does with the ball in his hands.”
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