Latest Stories
Economy contracts in the first quarter; tariffs unleash flood of imports
Lucia Mutikani, Reuters | Posted April 30 - 9:12 a.m.
The U.S. economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs.
US consumer confidence plunges in April
Reuters | Posted April 29 - 8:45 a.m.
U.S. consumer confidence slumped to a nearly five-year low in March as growing concerns over tariffs weighed on the economic outlook.
Powell says Fed remains in wait-and-see mode; markets processing policy shifts
Howard Schneider and Ann Saphir, Reuters | Posted April 16 - 6:01 p.m.
U.S. Federal Reserve chair Jerome Powell said Wednesday that the Fed would wait for more data on the economy's direction before changing interest rates.
Consumer prices post first decline in nearly 5 years
Lucia Mutikani, Reuters | Posted April 10 - 9:34 a.m.
U.S. consumer prices unexpectedly fell in March amid cheaper gasoline and used motor vehicles, but the improvement in inflation is unlikely to be sustained after President Donald Trump doubled down on tariffs on imported Chinese goods.
How many Americans have 'locked in' mortgages at less than 6%?
Lisa Riley Roche, Deseret News | Posted April 5 - 10:17 a.m.
Mortgage rates have been above 6% in the U.S. since September 2022, but 82% of Americans have rates below that benchmark, Realtor.com reported Wednesday.
Stocks slump again after China fires back in trade war with tariffs on US goods
Caroline Valetkevitch, Trevor Hunnicutt, Mei Mei Chu and Susan Heavey, Reuters | Posted April 4 - 6:34 p.m.
Global stock markets plummeted further on Friday after China said it would strike back at U.S. President Donald Trump with additional tariffs of 34% on U.S. goods, escalating a trade war that has rattled investors and fed fears of a coming recession.
Average US rate on a 30-year mortgage dips to 6.64% for the second drop in 2 weeks
Alex Veiga, Associated Press | Posted April 3 - 4:32 p.m.
The average rate on a 30-year mortgage in the U.S. edged lower for the second week in a row, a modest but welcome boost for prospective home shoppers in the midst of the spring homebuying season.
Stocks, US dollar sink as Trump tariffs fuel economic worries
Sruthi Shankar and Pranav Kashyap, Reuters | Posted April 3 - 10:01 a.m.
Stock indexes tumbled, with the S&P 500 down more than 4% in morning New York trading on Thursday.
What the governor's housing adviser says about Utahns who might leave due to home prices
Lisa Riley Roche, Deseret News | Posted April 1 - 12:53 p.m.
A recent poll shows that a significant number of Utahns have considered moving out of state because of high housing costs.
Wall Street tumbles as fresh data fuels inflation fear
Pranav Kashyap and Johann M Cherian, Reuters | Posted March 28 - 2:29 p.m.
Wall Street's primary indexes fell sharply on Friday as data underscored underlying price pressures, stoking fears of what the Trump administration's tariff maneuvers could do.
US consumer sentiment tumbles to 4-year low; fears over tariffs mount
Lucia Mutikani, Reuters | Posted March 25 - 10:02 p.m.
U.S. consumer confidence plunged to the lowest level in more than four years in March, with households fearing a recession in the future and higher inflation because of tariffs.
Fed keeps policy rate outlook intact amid projected growth slowdown, temporary inflation jump
Howard Schneider and Ann Saphir, Reuters | Posted March 19 - 1:44 p.m.
The Federal Reserve held interest rates steady on Wednesday, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year.
Tariffs on lumber and appliances set stage for higher costs on new homes, remodeling projects
Alex Veiga and Mae Anderson, Associated Press | Posted March 17 - 11:37 a.m.
Shopping for a new home? Ready to renovate your kitchen or install a new deck? You'll be paying more to do so.
Americans increased spending tepidly last month as anxiety over the economy takes hold
Christopher Rugaber and Anne D'innocenzio, Associated Press | Posted March 17 - 11:30 a.m.
U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount. Retail sales rose just 0.2% in February.
Fed officials prepare to lay down marker on impact of Trump policies
Howard Schneider, Reuters | Posted March 17 - 7:47 a.m.
New economic projections from Federal Reserve officials this week will provide the most tangible evidence yet of how central bankers view the likely impact of Trump administration policies that have clouded a previously solid economic outlook.
US inflation ticks down in February but tariff concerns rise
Art Raymond, Deseret News | Posted March 13 - 9:31 p.m.
U.S. inflation saw an incremental decrease in February, inching down to a 2.8% annual rate, below January's 3% level and a reading lower than most economists were expecting for the second month of the year.
Egg prices continue to hit records as Easter and Passover approach; some relief may come
Mae Anderson, Associated Press | Posted March 13 - 6:50 a.m.
Some relief may be on its way after egg prices reached a record high in February. The bird flu continues to run rampant while Easter and Passover approaches.
Here's just how much the cost of basic necessities has gone up in the past 5 years
Art Raymond, Deseret News | Posted March 9 - 7:02 p.m.
The recent wave of skyrocketing egg prices has drawn even more attention to how much more consumers are currently spending on basic necessities even as inflation has slowed.
Powell: Federal Reserve to stay on hold amid widespread economic uncertainty
Christopher Rugaber, Associated Press | Posted March 7 - 12:32 p.m.
The Federal Reserve will keep its key interest rate unchanged in the coming months as it waits for widespread "uncertainty" stemming from President Donald Trump's policies to resolve.
Mortgage rates have declined but could stay at a level that makes it tough to afford a home
Alex Veiga, Associated Press | Posted March 7 - 6:50 a.m.
Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going.
Subway is bringing back discounted footlongs
Jordan Valinsky, CNN | Posted Feb. 27 - 11:36 a.m.
Subway is resurrecting its discounted footlong promotion, as stubbornly high inflation has led to a sluggish start to the year across the fast-food industry.
We're paying more toward our debt while the amount of household debt keeps growing
Matt Gephardt and Sloan Schrage, KSL-TV | Posted Feb. 25 - 9:37 a.m.
Americans are paying more toward their debt than ever before. At first blush, that sounds like good news — and it is. But the cost of everything we buy also going up, it actually means we are in worse shape.
Walmart rolled through 2024, but challenges appear ahead in 2025
Anne D'innocenzio, Associated Press | Posted Feb. 20 - 9:13 a.m.
Walmart delivered another year of strong sales and profits with its competitive prices an increasingly strong magnet for inflation-weary shoppers, but this year appears to come with new challenges in an uncertain economic landscape.
Utahns are feeling better about the economy than the average American
Logan Stefanich, KSL.com | Posted Feb. 19 - 7:11 p.m.
Even as inflation swells and consumers feel the spike of goods increasing, Utahns generally feel better about their finances and the economy than people in other states.
