Latest Stories
Consumer inflation slows more than expected in June
Lucia Mutikani, Reuters | Posted July 14 - 8:36 a.m.
Consumer inflation slowed more than expected in June, but that will probably offer little comfort to households or rule out an interest rate increase from the Federal Reserve this year.
PCE inflation measure tops 4.0% in May; consumer spending strong
Lucia Mutikani, Reuters | Posted June 25 - 11:42 a.m.
Inflation increased further in May, breaking above 4.0% for the first time since 2023 as the Middle East conflict boosted energy prices, though consumer spending remained strong.
Fed begins Warsh era by keeping rates on hold, sees one hike later this year
Howard Schneider, Reuters | Posted June 17 - 1:05 p.m.
The Federal Reserve held interest rates steady on Wednesday, but policymakers expect a rate hike later this year amid growing concerns about inflation.
Pending home sales down nationwide amid record costs
Lisa Riley Roche, Deseret News | Posted June 14 - 9:33 a.m.
U.S. pending home sales dropped for a fourth straight week as the typical cost reached a record high, according a new Redfin analysis.
US consumer inflation vaults above 4% as Iran war boosts energy prices
Lucia Mutikani, Reuters | Posted June 10 - 1:31 p.m.
U.S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for energy products amid the Middle East conflict.
The US economy added a stronger-than-expected 172,000 jobs last month
Alicia Wallace, CNN | Posted June 5 - 9:44 a.m.
The U.S. labor market appears to have found its footing: The economy added 172,000 jobs in May, shattering expectations, new data from the Bureau of Labor Statistics showed Friday.
Tomatoes become latest symbol of America's affordability squeeze
Matt Sedensky, Associated Press | Posted May 29 - 6:32 p.m.
Tomatoes, ubiquitous in everything from fast-food burgers to haute cuisine, are taking on a new role beyond the plate: A nagging reminder of rising costs.
Are mortgage rates continuing to rise?
Lisa Riley Roche, Deseret News | Posted May 29 - 7:40 a.m.
Mortgage rates were up again this week and remain at the highest level in nine months, amid heightened concerns that prices will keep rising due to the war in Iran.
Republican defiance over 'anti-weaponization' fund sets up confrontation with Trump
Richard Cowan and Nolan D. McCaskill, Reuters | Posted May 24 - 4:00 p.m.
Republicans in Congress have revolted over President Donald Trump's $1.776 billion "anti-weaponization" fund, setting the stage for a searing battle as midterm elections loom.
Warsh takes the Fed's helm as inflation climbs, consumer sentiment dives
Howard Schneider, Reuters | Posted May 22 - 5:01 p.m.
Kevin Warsh was sworn in as chair of the Federal Reserve on Friday at a pivotal moment for an American economy hit by surging inflation and eroding consumer sentiment.
Trump says Iran war is worth the economic pain. These rural voters agree
Brad Brooks, Reuters | Posted May 16 - 7:46 p.m.
In two dozen recent interviews along Colorado's Highway 52, Trump voters echoed the president's logic saying the Iran War is worth the economic strain.
Mortgage rates hit a new high. What should homebuyers do?
Lisa Riley Roche, Deseret News | Posted May 15 - 8:55 a.m.
Mortgage rates just hit a six-week high at 6.57%, according to Mortgage News Daily, as new reports show inflation is surging in the United States.
Warsh clinches Senate approval to be Fed's next chair as inflation intensifies
Nolan D. McCaskill and Ann Saphir, Reuters | Posted May 13 - 4:36 p.m.
The Senate on Wednesday approved Kevin Warsh as chair of the Federal Reserve, putting the 56-year-old at the helm as the central bank grapples with intensifying inflation.
Fed holds rates steady amid sharp divide; Powell staying as governor when term as chair ends
Howard Schneider and Ann Saphir, Reuters | Posted April 29 - 5:22 p.m.
The Federal Reserve held interest rates steady on Wednesday, but, in its most divided decision since 1992, noted rising concerns about inflation in its policy statement.
Key inflation gauge remains elevated in February before Iran war
Christopher Rugaber, Associated Press | Posted April 9 - 8:03 a.m.
A key measure of inflation stayed high in February, before the war in Iran spiked gas prices, a sign that everyday costs were elevated even before the conflict began.
College students will soon be paying a bit more at Utah's public higher education institutions
Jason Swensen, Deseret News | Posted April 6 - 8:14 a.m.
Utah college students are feeling inflation's pinch whenever they go to the movies, pick up lunch, buy sneakers, pay for car insurance — and enroll in class. And it's getting tighter.
Fed holds rates steady, sticks with single rate cut in 2026 despite higher inflation
Howard Schneider, Reuters | Posted March 18 - 12:22 p.m.
The Federal Reserve held interest rates steady on Wednesday and projected higher inflation, steady unemployment and only a single rate cut for the year.
USU food pantry outgrows space as demand grows
Mike Anderson, KSL | Posted March 17 - 4:01 p.m.
As demand rises, the food pantry at Utah State University, known as The Student Nutrition Access Center, or SNAC, has quickly outgrown its space, according to managers.
US economy expanded at sluggish 0.7% in fourth quarter, downgrading first estimate
Paul Wiseman, Associated Press | Posted March 13 - 10:36 a.m.
The U.S. economy, hobbled by last fall's 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported.
US consumer prices increase moderately before Iran conflict
Lucia Mutikani, Reuters | Posted March 11 - 10:00 a.m.
U.S. consumer prices rose moderately in February as rents maintained a steady pace of increases, though households paid more for gasoline and at the supermarket.
Utah gas prices jump 19 cents amid global tensions
Brenna Donnelly, KSL | Posted March 3 - 10:31 p.m.
Gas prices increased in Utah this week for two reasons, including escalating instability in the Middle East.
Economy, inflation top voter concerns in Utah and nationwide ahead of midterm elections
Cami Mondeaux, Deseret News | Posted Feb. 28 - 7:10 a.m.
Affordability has emerged as the top issue for voters heading into the midterm elections, both in Utah and on the national level, according to the most recent polling for the Deseret News.
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.
