Latest Stories
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.
Consumer prices increase as expected in June
Reuters | Posted July 15 - 7:22 a.m.
U.S. consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation that has kept the Federal Reserve cautious about resuming its interest rate cuts.
Utah is the nation's top performer, but voters deeply divided about the US economy
Art Raymond, Deseret News | Posted July 7 - 12:32 p.m.
A new Deseret News poll found Utah voters are mixed on local versus national fiscal health.
Del Monte, the 139-year-old canned fruits and vegetables company, seeks bankruptcy protection
Dee-ann Durbin, Associated Press | Posted July 2 - 10:02 p.m.
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as consumers increasingly bypass its products for healthier or cheaper options.
The latest inflation data is in. Here's how Utahns are feeling about family costs since Trump took office
Art Raymond, Deseret News | Posted June 16 - 12:00 p.m.
After hitting a four-year low in April, prices on U.S. goods and services inched up last month, with annual inflation coming in at a 2.4%, according to a Wednesday report from the Labor Department.
Sen. Mike Lee proposes ousting every member of Congress when inflation rises too high
Cami Mondeaux, Deseret News | Posted June 5 - 7:45 p.m.
Sen. Mike Lee, R-Utah, said he would introduce a constitutional amendment that would remove all members of Congress "whenever inflation exceeds 3%," or the deficit exceeds 3% of GDP
Homebuyers are most uncertain since 2023 as rates surge, survey shows
Saeed Azhar, Reuters | Posted June 1 - 7:59 a.m.
Homeowners and prospective buyers are feeling the most uncertain about the real estate market since 2023, a Bank of America survey showed on Wednesday, as mortgage rates rise.
Consumer spending slows in April; inflation benign
Lucia Mutikani, Reuters | Posted May 31 - 10:42 a.m.
Consumer spending increased marginally in April, with households opting to boost savings amid mounting economic uncertainty because of a constantly changing tariff landscape.
US consumer confidence improves in May, tariffs anxiety lingers
Reuters | Posted May 27 - 4:32 p.m.
Consumer confidence improved in May after deteriorating for five straight months amid a truce in the trade war between Washington and China, though households continued to worry about tariffs raising prices and hurting the economy.
