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Mortgage rates drop for fifth straight week
Anna Bahney, CNN | Posted Nov. 30 - 4:33 p.m.
Mortgage rates continued to drop this week. It's the fifth straight week rates have moved lower.
Consumer prices unchanged in October, raising confidence that Fed rate hikes are done
Reuters | Posted Nov. 14 - 7:28 a.m.
Consumer prices were unchanged in October amid lower gasoline prices and underlying inflation showed signs of slowing, supporting views that the Federal Reserve was probably done raising interest rates.
US consumer sentiment drops again in November, inflation expectations rise
Dan Burns, Reuters | Posted Nov. 11 - 8:47 a.m.
U.S. consumer sentiment fell for a fourth straight month in November and households' expectations for inflation rose again, with their medium-term outlook for price pressures shooting to the highest level in more than a dozen years, a survey showed on Friday.
Target is advertising a $25 Thanksgiving dinner. Here's where prices are at this year for the traditional spread
Art Raymond, Deseret News | Posted Nov. 4 - 6:04 p.m.
National retailer Target is looking to get a jump on the competition ahead of the Thanksgiving holiday this year with a curated shopping list that covers a basic four-person meal for $25, before taxes.
How could UAW deals with automakers impact car prices?
Dennis Romboy, Deseret News | Posted Nov. 1 - 1:38 p.m.
The United Auto Workers Union has reached tentative agreements with the Big Three automakers, which could end a six-week strike.
Fed keeps rates unchanged, acknowledges economy is 'strong'
Howard Schneider, Reuters | Posted Nov. 1 - 1:25 p.m.
The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs.
Economic growth accelerated to strong 4.9% last quarter as consumers shrug off Fed hikes
Christopher Rugaber, Associated Press | Posted Oct. 26 - 9:37 a.m.
The nation's economy expanded at a robust 4.9% annual rate last quarter as Americans defied higher prices and widespread forecasts of a recession.
Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market
Jari Tanner, Associated Press | Posted Oct. 20 - 9:09 a.m.
Telecom gear maker Nokia says it's planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit.
Gephardt Busts Inflation: Affording a car when prices and interest rates remain high
Matt Gephardt and Sloan Schrage, KSL-TV | Posted Oct. 19 - 9:30 p.m.
When it comes to buying a car, consumers have several options to make that purchase more affordable.
Inflation eased slightly last month as price increases extend slow descent
Christopher Rugaber, Associated Press | Posted Oct. 12 - 4:33 p.m.
Measures of U.S. inflation in September showed that the pace of price increases is still grinding lower, though at a slow and uneven pace.
Wholesale inflation rises 2.2% in September, biggest year-over-year gain since April
Paul Wiseman, Associated Press | Posted Oct. 11 - 8:18 a.m.
U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates.
From service charges to staff appreciation fees, extra charges are appearing on restaurant tabs to fight inflation
Matt Gephardt, KSL-TV | Posted Oct. 3 - 11:21 a.m.
The National Restaurant Association has found 16% of restaurants have added surcharges to their checks and the charges come in many forms. The reason points to inflation.
Pending home sales plunged last month as mortgage rates hit 20-year highs
Anna Bahney, CNN | Posted Sept. 28 - 7:58 p.m.
U.S. pending home sales dropped 7.1% in August from the month prior as mortgage rates surging over 7% in August to levels not seen in 20 years packed a punch.
What will Federal Reserve do next? Any hint of future rate hikes will be key focus of latest meeting
Christopher Rugaber, Associated Press | Posted Sept. 20 - 7:31 a.m.
The Federal Reserve is set to leave its key interest rate unchanged Wednesday as it seeks to guide the U.S. economy toward a "soft landing" of cooling inflation without triggering a deep recession.
Signals mixed as gas hikes drive August inflation to 3.7%
Art Raymond, Deseret News | Posted Sept. 13 - 10:59 p.m.
Rising gas prices across the U.S. helped drive annual inflation up from 3.2% in July to 3.7% in August, but core inflation eased as long-running price increases showed signs of continued slowing, according to a Labor Department report released Wednesday.
Home prices still too high, but here are the top 5 most affordable ZIP codes near Salt Lake City
Katie McKellar, Deseret News | Posted Sept. 8 - 8:05 a.m.
Housing prices in Utah are definitely not what they used to be — especially since they skyrocketed by almost 50% since 2020 — but some areas are more affordable than others.
Car prices are coming back to Earth. Is now a good time to buy?
Matt Gephardt and Sloan Schrage, KSL-TV | Posted Sept. 6 - 7:58 a.m.
Two years ago, car dealers had very limited inventory. It left customers with few options and often having to pay more. Where are we at now?
Gephardt Busts Inflation: Nearly half of consumers say they're overspending on delivery services
Matt Gephardt, KSL-TV | Posted Sept. 1 - 7:59 a.m.
As Americans struggle with inflation squeezing their wallets, the cost many pay for the convenience of delivery may be surprising.
Fed says economy, consumer spending still too hot, further rate hikes may be in the offing
Art Raymond, Deseret News | Posted Aug. 26 - 3:29 p.m.
At the conclusion of a banker's conclave at Jackson Hole, Wyoming, on Friday, Federal Reserve Chairman Jerome Powell said the fight against inflation is not yet over.
Housing market: Here's how high interest rates drive up payments
Katie McKellar, Deseret News | Posted Aug. 22 - 10:20 a.m.
This time a year ago, the typical American homebuyer's monthly mortgage payment was roughly $2,100 — expensive, yes, but interest rates were between 5% and 6%.
Looking for a new car under $20,000? Good luck. Your choice has dwindled to just 1 vehicle
Tom Krisher, Associated Press | Posted Aug. 21 - 11:38 a.m.
Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000.
Thinking of buying a new pair of jeans? Breaking down the cost over time might help you decide
Anne D'innocenzio, Associated Press | Posted Aug. 14 - 12:34 p.m.
Shoppers are looking beyond just the price tag of a skirt or a pair of pants in the wake of still stubbornly high inflation. Some are adopting a new calculation: How many times will they wear a piece of clothing to be able to justify the cost?
Inflation jumped for the first time in a year. Should we be worried?
Art Raymond, Deseret News | Posted Aug. 10 - 5:06 p.m.
Declines in U.S. annual inflation rates had been on a 12-month streak before inching up 0.2% from June to July, according to a Labor Department report released on Thursday. But most economists remain optimistic about the future of the economy.
From eggs to electronics to used cars, consumer inflation eased its grip on US households in July
Paul Wiseman, Associated Press | Posted Aug. 10 - 4:28 p.m.
Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years.
