Latest Stories
Utah ranks fourth in household debt
Emma Pitts, Deseret News | Posted Dec. 9 - 7:58 a.m.
The total debt balance in the United States has gradually increased since about 2013, and housing debt reached $12.98 trillion in the third quarter of 2024.
US added a strong 227,000 jobs in November in bounce-back from October slowdown
Paul Wiseman, Associated Press | Posted Dec. 6 - 6:51 a.m.
America's job market rebounded in November, adding 227,000 workers in a solid recovery from October, when the effects of strikes and hurricanes had sharply diminished employers' payrolls.
Cyber Monday shoppers expected to set a record on the year's biggest day for online shopping
Haleluya Hadero, Associated Press | Posted Dec. 2 - 7:15 a.m.
Consumers in the U.S. are scouring the internet for online deals as they look to make the most of the post-Thanksgiving shopping marathon on Cyber Monday.
US inflation inches up. Will Fed hold steady on interest rates?
Art Raymond, Deseret News | Posted Nov. 28 - 11:37 a.m.
Prices on consumer goods and services moved up 2.3% on an annual basis in October, according to Wednesday's personal consumption expenditures report from the U.S. Department of Commerce. The rate was up 0.2% on a monthly basis, which matched the annual uptick from September's 2.1%.
JC Cares Foundation gives food to over 250 families in need
Alex Cabrero, KSL-TV | Posted Nov. 25 - 1:03 p.m.
About 250 families picked up Thanksgiving food Sunday afternoon, much of it thanks to Utah Jazz basketball player Jordan Clarkson and his JC Cares Foundation.
Cache Community Food Pantry asks for help supplying thousands of dinners
Mike Anderson, KSL-TV | Posted Nov. 22 - 4:04 p.m.
Economic hard times are being blamed for some of the struggles at the Cache Community Food Pantry. It's in a last minute push to get Thanksgiving turkeys for about 1,000 families.
McDonald's is giving its menu the biggest shakeup in years
Jordan Valinsky, CNN | Posted Nov. 22 - 9:40 a.m.
McDonald's is hoping a new value menu will win back customers that have been put off by its higher prices.
Strong US data feeds doubts about Fed December rate cut
Howard Schneider, Reuters | Posted Nov. 17 - 8:02 a.m.
Strong U.S. economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts.
Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025
Lucia Mutikani, Reuters | Posted Nov. 13 - 9:31 p.m.
U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months, which could result in fewer interest rate cuts from the Federal Reserve next year.
Consumers see lower inflation and debt delinquency risk, survey finds
Dan Burns, Reuters | Posted Nov. 12 - 11:48 a.m.
U.S. consumers in October grew more confident about inflation continuing to ease and in the health of the job market, and for the first time in five months they saw a lower risk of defaulting on their debt, a survey finds.
Fed cuts rates, notes labor market easing and solid economic growth
Howard Schneider, Reuters | Posted Nov. 7 - 12:30 p.m.
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has "generally eased" while inflation continues to move toward the U.S. central bank's 2% target.
Trump claims sweeping victory in presidential race
Steve Holland, Joseph Ax, Bianca Flowers and Jarrett Renshaw, Reuters | Posted Nov. 6 - 4:27 p.m.
Donald Trump recaptured the White House with a sweeping victory Wednesday. Kamala Harris conceded defeat but said, 'I do not concede the fight that fueled this campaign.'
Location, location, location: How supermarkets influence the foods you buy
Matt Gephardt and Sloan Schrage, KSL-TV | Posted Nov. 5 - 8:19 a.m.
The cost of food has risen sharply over the last few years, but that's not the only reason the tab at checkout can run high. KSL's inflation buster Matt Gephardt reveals a tactic that could have you paying more.
It's the economy: Voters outline their worries in American Family Survey
Lois M. Collins, Deseret News | Posted Nov. 3 - 9:01 p.m.
In its 10-year history, the American Family Survey has always asked about people's economic worries. But the question is perhaps more important than usual this year.
Why are mortgage rates above 7% again?
Daniel Woodruff, KSL-TV | Posted Nov. 2 - 6:17 p.m.
Homebuyers are grappling with mortgage rates that have once again risen above seven percent.
US employers added just 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls
Paul Wiseman, Associated Press | Posted Nov. 1 - 7:46 a.m.
America's employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls.
Inflation gauge closely watched by the Fed falls to lowest level since early 2021
Christopher Rugaber, Associated Press | Posted Oct. 31 - 9:32 a.m.
As a presidential race profoundly shaped by Americans' frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels.
US economy grew at a solid 2.8% pace last quarter on strength of consumer spending
Paul Wiseman, Associated Press | Posted Oct. 30 - 6:43 a.m.
The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.
Target releases its cheapest-ever Thanksgiving meal deal
Jordan Valinsky, CNN | Posted Oct. 28 - 7:48 a.m.
Target is lowering the price of its Thanksgiving meal bundle, adding to the roughly 8,000 products that have been discounted as it attempts to attract inflation-weary shoppers during the holiday season.
Taxpayers will get bigger standard deductions in 2025, but with smaller boosts than recent years
Wyatte Grantham-Philips, Associated Press | Posted Oct. 22 - 1:05 p.m.
U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns.
Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
Tom Krisher, Associated Press | Posted Oct. 22 - 10:13 a.m.
Across the auto industry, analysts say, an "affordability shift" is taking root. More buyers are choosing to buy more affordable cars, even if they can afford something more expensive.
America revolted against shrinkflation. Now Tostitos, Ruffles and others are making big changes
Nathaniel Meyersohn, CNN | Posted Oct. 17 - 9:26 p.m.
Shoppers have balked at downsized chips, cookies, paper towels and other products, widely known as "shrinkflation." Now companies are responding to shoppers' demands.
US consumers see higher long-run inflation, rising delinquency risk
Michael S. Derby, Reuters | Posted Oct. 15 - 2:09 p.m.
Americans said they expected higher inflation over the long run last month, as their expectations of credit turbulence rose to the highest level since April 2020, the Federal Reserve Bank of New York says in a report on Tuesday.
Is healthy eating becoming out of reach for Utahns?
Emma Pitts, Deseret News | Posted Oct. 12 - 9:09 a.m.
Millions of Americans still struggle to pay for groceries even if prices have eased from historic inflation.
