Page 8 - David Eccles School News Today

Utah’s job market continues to remain strong and the demand for labor is growing in the state. The jobs report for January 2023 revealed the state added more than 46,000 jobs over the last 12 months.

Overall U.S. inflation stretched its streak of declines to seven straight months in January and now stands at 6.4% in the last 12 months, down slightly from 6.5% in December, according to a Labor Department report released Tuesday.

Annual inflation eased a bit in January, according to new Labor Department report. Monthly prices ticked up as U.S. economy remains too hot for the Fed’s liking.

The Federal Reserve announced a .25% increase to its benchmark lending rate Wednesday, continuing a streak of rate hikes over the past year aiming to quell U.S. inflation.

The Federal Reserve instituted its eighth straight interest rate hike but opted for only a .25% bump. Fed Chairman Jerome Powell says inflation is easing in some parts of the economy but most sectors are still running hot and more rate hikes likely on the way.

University of Utah President Taylor Randall today announced a new donor initiative meant to supercharge the student entrepreneurial experience and Utah's reputation for financial technology innovation and education.

/PRNewswire/ -- University of Utah President Taylor Randall today announced a new donor initiative meant to supercharge the student entrepreneurial experience...

Unsettled and unprecedented conditions have turned economic forecasting into a game of three-card monte since the worst of COVID-19 restrictions have subsided.

Turbulence, and future turmoil, were underscored in the Utah Economic Councils 2023 Economic Report to the Governor which was publicly released Thursday morning and ceremonially presented to Utah Gov. Spencer Cox at the event.

Overall inflation came in at 6.5% in Dec., the lowest mark for over a year. Will it push the Fed to ease back on its streak of rate hikes?