Latest Stories
Sky-high housing costs push homeownership out of reach for many US renters
Dennis Romboy, Deseret News | Posted April 14 - 4:10 p.m.
Nearly 4 in 10 renters in a new nationwide survey say they don't believe they'll ever own a home, up nearly a quarter from less than a year ago.
JPMorgan Chase boss Jamie Dimon bullish on AI, not so much on economic 'soft landing'
Art Raymond, Deseret News | Posted April 14 - 11:25 a.m.
JPMorgan Chase CEO Jamie Dimon says emerging artificial intelligence tools will have transformational impacts at the same level as other benchmark technology advancements.
Soaring insurance costs hit as US buyers finally get a break on car prices
Timothy Aeppel, Reuters | Posted April 12 - 6:51 a.m.
A new form of sticker shock has hit American car buyers: soaring insurance costs.
Consumer prices rise more than expected in March
Reuters | Posted April 10 - 7:02 a.m.
U.S. consumer prices increased more than expected in March amid rises in the costs of gasoline and shelter, casting further doubt on whether the Federal Reserve will start cutting interest rates in June.
Who wouldn't like prices to start falling? Careful what you wish for, economists say
Paul Wiseman, Associated Press | Posted April 6 - 9:31 a.m.
Many economists caution that consumers should be careful what they wish for. Falling prices across the economy would actually be an unhealthy sign.
Inflation gauge closely tracked by Federal Reserve shows price pressures easing gradually
Paul Wiseman, Associated Press | Posted March 29 - 6:16 p.m.
A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease.
Data shows significant uptick in gas prices over past month in Salt Lake area
Andrew Adams, KSL-TV | Posted March 28 - 11:32 a.m.
Gas prices rose considerably over the past month in the Salt Lake area, according to data from industry watchers.
Here's why gas prices are ticking up again
Art Raymond, Deseret News | Posted March 20 - 7:19 a.m.
U.S. gas prices are inching back up as seasonal fuel blend changes and international conflict contribute to more pain at the pump well ahead of the upcoming summer travel season.
Retail sales rebounded in February amid higher gas prices
Bryan Mena, CNN | Posted March 14 - 4:37 p.m.
Spending at U.S. retailers rebounded last month as Americans shelled out more for gasoline.
McDonald's prices are up, so lower-income consumers are eating at home
Ramishah Maruf, CNN | Posted March 13 - 6:35 p.m.
Some lower-income Americans are rejecting McDonald's and opting to cook at home instead, according to the restaurant's chief financial officer.
Inflation up again in February in latest sign that price pressures remain elevated
Christopher Rugaber, Associated Press | Posted March 12 - 9:30 a.m.
Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden's reelection campaign, both of which are counting on a steady easing of price pressures this year.
Poll: Fed to start rate cuts in June
Prerana Bhat and Indradip Ghosh, Reuters | Posted March 11 - 9:45 a.m.
The Federal Reserve will cut its key interest rate in June, according to a stronger majority of economists in the latest Reuters poll, as the central bank waits for more data to confirm whether inflation is headed convincingly toward its 2% target.
Employers add a surprisingly strong 275,000 jobs in sign of continued economic strength
Paul Wiseman, Associated Press | Posted March 8 - 7:10 a.m.
America's employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy's resilience in the face of high interest rates.
Fed's Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed
Christopher Rugaber, Associated Press | Posted March 6 - 8:27 p.m.
Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that it first wants to see more evidence that inflation is falling sustainably back to the Fed's 2% target.
Lower auto prices are finally giving Americans a break after years of inflationary increases
Tom Krisher, Associated Press | Posted Feb. 28 - 8:34 p.m.
Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle.
US sues to block merger of Kroger and Albertsons, saying it could push prices higher
Dee-ann Durbin, Associated Press | Posted Feb. 26 - 4:31 p.m.
The Federal Trade Commission is suing to block a proposed merger between grocery giants Kroger and Albertsons. The FTC says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
Target creates its cheapest in-store brand as consumers are squeezed
Jordan Valinsky, CNN | Posted Feb. 15 - 2:28 p.m.
Target is taking aim at budget-conscious customers with a new inexpensive brand with prices for everyday basics that start at less than $1, underscoring the way inflation has squeezed Americans and hit Target's sales in recent quarters.
Hershey and Cadbury chocolate makers eye price hikes to cover cocoa crunch
Jessica DiNapoli and Richa Naidu, Reuters | Posted Feb. 15 - 6:20 a.m.
The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit consumers curb their purchases and company profits face a hit.
Inflation slows but remains elevated; price pressures easing only gradually
Christopher Rugaber, Associated Press | Posted Feb. 13 - 7:13 a.m.
Annual inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control.
$3 for a single McDonald's hash brown? Some customers are fed up and pushing back
Allison Morrow, CNN | Posted Feb. 7 - 9:36 a.m.
Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle.
Try this 'Touchdown Guide' to 2024 Super Bowl snacks shopping
Art Raymond, Deseret News | Posted Feb. 3 - 9:01 a.m.
While U.S. inflation has slowed significantly since hitting 9.1% in June 2022, the cost of basic necessities has been on the rise for the past few years.
The US didn't just avoid a recession — it's adding hundreds of thousands of new jobs
Paul Wiseman, Associated Press | Posted Feb. 2 - 10:46 a.m.
The nation's employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy's continuing ability to shrug off the highest interest rates in two decades.
Powell: Federal Reserve is on track to cut interest rates, though not likely for months
Christopher Rugaber, Associated Press | Posted Feb. 1 - 7:44 a.m.
Interest rate cuts are coming. Just not yet.
Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
Christopher Rugaber, Associated Press | Posted Jan. 29 - 12:29 p.m.
Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low.
