Latest Stories
Will state taxes gleaned from alcohol sales help pay for school meals for more Utah kids?
Jason Swensen, Deseret News | Posted Feb. 13 - 6:13 a.m.
One of the Legislature's ranking Democrats wants more Utah kids to enjoy a healthy school lunch with funds supplemented by the state's liquor tax revenue.
Riverton Music to close location over tariff, inflation concerns
Andrew Adams, KSL | Posted Feb. 4 - 4:02 p.m.
Riverton Music's owner said on Tuesday that tariff-related costs and supply issues as well as inflationary costs led to the decision to close the West Jordan location.
The biggest financial concern for Utahns may surprise you
Art Raymond, Deseret News | Posted Feb. 4 - 8:05 a.m.
A new statewide survey not only revealed deep concerns among Utahns when it comes to the state of the economy and inflation, but also identified their biggest single worry — groceries.
Where is Utah's economy headed? Here's what state leaders had to say
Art Raymond, Deseret News | Posted Jan. 24 - 12:04 p.m.
Utah's economy continued to outpace most of the rest of the country in 2025 despite persistent problems, and state leaders weighed in on it at a summit in Salt Lake City on Friday.
US consumer prices increase as expected in December
Lucia Mutikani, Reuters | Posted Jan. 13 - 8:20 a.m.
U.S. consumer prices increased in December as the distortions related to the government shutdown that had artificially lowered inflation in November unwound.
US annual consumer prices increase less than expected in November
Lucia Mutikani, Reuters | Posted Dec. 18 - 7:58 a.m.
U.S. consumer prices increased less than expected in the year to November, but the moderation is likely technical and Americans continued to face affordability challenges that have been partly blamed on tariffs on imports.
Trump defends economic record at Pennsylvania rally amid frustration over rising prices
Nandita Bose and Jarrett Renshaw, Reuters | Posted Dec. 10 - 9:06 a.m.
President Donald Trump tried to reassure Americans that the economy was healthy at a campaign-style rally on Tuesday as Republicans brace for a tough fight to hold control of Congress in next year's midterm elections.
Financial strain: Inflation and job market challenges hit home
Art Raymond, Deseret News | Posted Nov. 3 - 12:00 p.m.
A growing number of Utahns are facing mounting financial challenges thanks to a convergence of issues that include persistent inflation, a weakening U.S. jobs market and more.
Fed lowers rates, but Powell suggests move may be the last of 2025
Howard Schneider, Reuters | Posted Oct. 29 - 6:02 p.m.
A policy divide and a lack of data may put another rate cut out of reach this year, Federal Reserve Chair Jerome Powell said on Wednesday, after interest rates were lowered again.
Consumer inflation cools in September; shutdown threatens next report
Lucia Mutikani, Reuters | Posted Oct. 24 - 4:01 p.m.
U.S. consumer prices increased slightly less than expected in September as a surge in the cost of gasoline was partially offset by a sharp moderation in rents, keeping the Federal Reserve on track to cut interest rates again next week.
Walmart cuts Thanksgiving meal price to $4 per person
Reuters | Posted Oct. 21 - 9:50 p.m.
Walmart on Tuesday unveiled its 2025 Thanksgiving meal basket priced at under $4 per person, the lowest since the retailer launched the program in 2022, as shoppers contend with persistent inflation and wider economic uncertainty.
Here's why property taxes are on the rise in Utah
Brigham Tomco, Deseret News | Posted Oct. 20 - 7:00 p.m.
A Utah legislative audit report found that a "perfect storm" has led to an increase in property taxes for homeowners as Utah continues to have a higher overall tax rate than most Republican-led states.
Trump slaps steep tariffs on drugs, heavy trucks and furniture
David Shepardson and David Lawder, Reuters | Posted Sept. 26 - 9:08 p.m.
President Donald Trump on Thursday unveiled sweeping new import tariffs that start next week, rattling global markets on Friday with fresh uncertainty after a quiet last few months.
What does the Fed's decision to cut interest rates mean for mortgages?
Lisa Riley Roche, Deseret News | Posted Sept. 17 - 10:20 p.m.
Mortgage rates just hit a three-year low, but it's not yet clear whether that decline will continue after the Federal Reserve's benchmark interest rate was cut by a quarter percentage point on Wednesday.
Fed lowers interest rates, signals more cuts ahead; Miran dissents
Howard Schneider and Ann Saphir, Reuters | Posted Sept. 17 - 9:26 p.m.
The Federal Reserve reduced interest rates by 0.25 percentage point Wednesday for the first time since December, while indicating more cuts would follow in coming months.
How families can save money this back-to-school season
Gordon Ebanks, CNN | Posted Aug. 26 - 7:33 p.m.
With back-to-school season in full swing, families across the country are continuing to feel the sting of high prices.
McDonald's is cutting prices of combo meals to convince customers it's affordable again
Jordan Valinsky, CNN | Posted Aug. 20 - 9:48 a.m.
McDonald's is slashing the prices of its combo meals just a few weeks after the CEO publicly admitted that its menu has gotten too expensive and pledged to fix the problem.
Home Depot says it will raise some prices because of tariffs
Chris Isidore, CNN | Posted Aug. 19 - 12:52 p.m.
Home Depot said Tuesday that some of its prices could be going up because of the cost of tariffs.
Fewer fake firs, higher prices: China tariff delay does little to save the holidays
Jessica DiNapoli, Casey Hall and Siddharth Cavale, Reuters | Posted Aug. 19 - 6:52 a.m.
Shoppers looking for fake Christmas trees and holiday decor this year will have fewer choices and face higher prices as tariffs on Chinese imports force retailers to scale back orders as they assess how tight customer budgets are.
Are Utahns still spending money amid growing inflation?
Dennis Romboy, Deseret News | Posted Aug. 15 - 8:03 a.m.
Despite concerns about tariffs and the economy, Utahns continue to spend, as taxable sales grew nearly 5% through May, a new report from the Kem C. Gardner Policy Institute said.
Hot US inflation data rattles global bond markets
Naomi Rovnick and Jaspreet Kalra, Reuters | Posted Aug. 14 - 11:08 a.m.
U.S. stagflation fears seeped into global markets on Thursday after surprisingly hot inflation data applied heavy pressure to U.S. Treasuries and sparked selling of government bonds everywhere from Germany to Japan.
Tired of high grocery prices? Here are some tips to save at the store
Gordon Ebanks, CNN | Posted Aug. 14 - 7:28 a.m.
American families, weary of high grocery prices, are looking for ways to cut costs. Stew Leonard Jr. sat down with CNN to discuss how you can save at the store and stock up.
Core inflation spikes in July, but tariff price impacts still muted
Art Raymond, Deseret News | Posted Aug. 12 - 10:34 p.m.
A Tuesday report from the Labor Department shows overall annual inflation held steady in July even as prices on consumer goods and services moved up slightly on a monthly basis.
US consumer prices increase moderately in July; data quality concerns rising
Lucia Mutikani, Reuters | Posted Aug. 12 - 8:23 a.m.
U.S. consumer prices increased moderately in July, though rising costs for goods because of import tariffs led to a measure of underlying inflation posting its largest gain in six months.
