News
Record surge in gasoline receipts boosts US retail sales in March
5+ hour, 45+ min ago (690+ words) WASHINGTON " U. S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and led to a record surge in receipts at service stations, while tax refunds underpinned "spending elsewhere. Though higher prices partly accounted for…...
Fed holds rates steady, sticks with single rate cut in 2026 despite higher inflation
1+ mon, 3+ day ago (434+ words) WASHINGTON " The Federal Reserve held interest rates steady on Wednesday and projected higher inflation, steady unemployment and only "a single rate cut for the year as officials took stock of economic risks from the U. S. and Israeli war with Iran. New…...
US weekly jobless claims rise, but remain at low levels
1+ week, 5+ day ago (332+ words) WASHINGTON " New applications for U. S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration, potentially giving "the Federal Reserve room to keep interest rates unchanged as it monitors the economic fallout from the war with Iran. President…...
Utah consumer sentiment increases despite national sentiment decline, war in Iran
2+ week, 1+ day ago (435+ words) SALT LAKE CITY " When it comes to thoughts on economic conditions, Utahns generally have a better outlook than the rest of the country. The Zions Bank Consumer Sentiment Survey released Thursday shows Utah's sentiment increased by 3. 1% in March, an increase…...
Utah homebuying: Mortgage rates reach new high since start of war in Iran
2+ week, 4+ day ago (452+ words) LEHI " Mortgage rates are now at their highest level in months. Freddie Mac reported on Thursday that the average rate for a 30-year fixed mortgage rose to 6. 46% just as the spring buying season gets underway. Those rates had dipped recently…...
US economy grows at 1. 4% rate in the fourth quarter, slower than expected
2+ mon, 1+ day ago (331+ words) WASHINGTON " U. S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic product " the output of goods and services " increased…...
Regional resilience: How the intermountain region is defying economic trends
1+ mon, 4+ day ago (802+ words) The state of the economy is top of mind for many Americans. A poll from the Economist/You Gov found 53% of Americans think the economy is getting worse, 21% say it's improving and 19% say it seems to be the same. It's…...
US economy expanded at sluggish 0. 7% in fourth quarter, downgrading first estimate
1+ mon, 1+ week ago (314+ words) WASHINGTON " 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 Friday in a big downgrade of its initial estimate. Growth in gross domestic product " the…...
Stocks close down as oil spikes 12%, job market weakens
1+ mon, 2+ week ago (512+ words) NEW YORK " Wall Street's three main indexes closed down on Friday amid a sudden setback in the labor "market and a 12% spike in oil prices due to the escalating conflict in the Middle East. A disappointing payrolls report intensified worries…...
Fed report says economy solid, notes disruption from immigration crackdown in Minnesota
1+ mon, 2+ week ago (841+ words) WASHINGTON " Economic activity rose a bit, prices continued to increase and employment levels were stable in recent weeks, the Federal Reserve said on Wednesday in a report that also captured the upheaval to businesses "and workers in Minnesota from the…...