Economy
Follow the latest Economy news, videos, and analysis from ABC News.
4 hours ago

Rising interest rates slows building sales

Builders are offering new incentives to home buyers as sales slow down and mortgages rise.
4 hours ago
Rising interest rates slows building sales
September 24, 2022, 4:49 PM

Stock market dips as traders react to historic Fed interest hike

The Dow dropped to its lowest point of the year and fears of a recession are growing.
September 24, 2022, 4:49 PM
Stock market dips as traders react to historic Fed interest hike
September 24, 2022, 4:23 PM

The Fed says unemployment will rise. Here's who economists say would lose their jobs first.

Job losses caused by the Fed's rate hikes would fall disproportionately on vulnerable workers, economists say.
September 24, 2022, 4:23 PM
Here's who economists say would lose their jobs first if unemployment rises
September 23, 2022, 9:20 PM

Dow sinks to 2022 low as recession fears roil world markets

Stocks tumbled worldwide on mounting signs the global economy is weakening.
September 23, 2022, 9:20 PM
September 23, 2022, 12:31 PM

Walmart cuts back on seasonal workers for holidays

Inflation is expected to have a major impact on the way people shop this holiday season.
September 23, 2022, 12:31 PM
Walmart cuts back on seasonal workers for holidays
September 23, 2022, 1:15 AM

Use these tips to save money on groceries

Becky Guiles, known as the Freebie Lady on social media, shares her tips for saving at the grocery store.
September 23, 2022, 1:15 AM
Use these tips to save money on groceries
September 22, 2022, 7:01 PM

Average US long-term mortgage rates climb to 6.29% this week

Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008, a result of the Federal Reserve’s intensified effort to tamp down decades-high inflation and cool the economy
September 22, 2022, 7:01 PM
September 22, 2022, 5:42 PM

Adjustable-rate mortgages becoming more attractive to buyers

Home prices are falling but higher mortgage rates are offsetting the savings.
September 22, 2022, 5:42 PM
What the Fed's rate hike means for mortgages
September 22, 2022, 3:29 PM

Heating bills to reach 10-year high this upcoming winter: NEADA report

Heating costs for the upcoming winter seasons are expected to increase by 17%, mainly impacting lower-income families, according to a new report from NEADA.
September 22, 2022, 3:29 PM
How much could your heating costs rise this winter?
September 22, 2022, 12:31 PM

Major banks now offering no down payments on home loans

One major bank is offering no money down on mortgages for some homebuyers.
September 22, 2022, 12:31 PM
Major banks now offering no down payments on home loans
September 22, 2022, 12:16 PM

Fallout from latest interest rate hike to curb inflation

ABC News chief economics correspondent Rebecca Jarvis breaks down what the latest interest rate means and how it will impact Americans.
September 22, 2022, 12:16 PM
Fallout from latest interest rate hike to curb inflation
September 22, 2022, 10:03 AM

Fed hikes benchmark rate 0.75% in significant escalation of inflation fight

The Federal Reserve rate hike arrives roughly one week after a higher-than-expected inflation report.
September 22, 2022, 10:03 AM
Fed hikes benchmark rate 0.75% in significant escalation of inflation fight
September 22, 2022, 3:00 AM

How rapidly rising mortgage rates are squeezing prospective homebuyers: 'Do the math'

As the Federal Reserve hikes interest rates to try to tame inflation, mortgage rates have spiked to levels not seen since the 2008 financial crisis
September 22, 2022, 3:00 AM
How rapidly rising mortgage rates are squeezing prospective homebuyers: 'Do the math'
September 22, 2022, 1:25 AM

Fed raises interest rates for 5th time this year

The Federal Reserve raised a key interest rate by .75% for the third straight time as a way to fight rising inflation.
September 22, 2022, 1:25 AM
Fed raises interest rates for 5th time this year
September 21, 2022, 9:17 PM

Fed announces 0.75% interest hike rate

For the fifth time this year, the Federal Reserve instituted an interest rate hike on Wednesday amid ongoing inflation woes.
September 21, 2022, 9:17 PM
Fed announces 0.75% interest hike rate
September 21, 2022, 9:12 PM

Federal Reserve raises interest rates by 0.75%

ABC News business reporter Alexis Christoforous and ABC News’ Elizabeth Schulze discuss the Federal Reserve's new interest rate hike and its impact on American families.
September 21, 2022, 9:12 PM
Federal Reserve raises interest rates by 0.75%
September 21, 2022, 9:12 PM

Big bank CEOs on Capitol Hill

The CEOs of some of the biggest banks sounded the alarm over U.S. inflation on Capitol Hill during their testimony Wednesday.
September 21, 2022, 9:12 PM
Big bank CEOs on Capitol Hill
September 21, 2022, 8:30 PM

Black women make less due to gender pay gap : Report

On Black Women’s Equal Pay Day, Kimberly Brown joins Phil Lipof to discuss ways Black women can advocate for themselves in the workplace.
September 21, 2022, 8:30 PM
Black women make less due to gender pay gap : Report
September 21, 2022, 8:29 PM

Americans brace for interest rate hike

The Federal Reserve is set to announce an interest rate increase in the hopes of tamping down inflation. ABC News’ Alex Presha reports on why Wall Street is so worried.
September 21, 2022, 8:29 PM
Americans brace for interest rate hike
September 21, 2022, 8:27 PM

Federal Reserve set to raise interest rates again to fight inflation

As rising prices burden American consumers, the Federal Reserve has raised interest rates several times to combat inflation and balance out the economy.
September 21, 2022, 8:27 PM
Federal Reserve set to raise interest rates again to fight inflation
September 21, 2022, 7:59 PM

Big bank CEOs sound alarm on inflation fight: 'Expect tougher times ahead'

Chief executives at some of the largest U.S. banks sounded the alarm over sky-high inflation in testimony before Congress on Wednesday.
September 21, 2022, 7:59 PM
Big bank CEOs sound alarm on inflation fight: 'Expect tougher times ahead'
September 21, 2022, 6:07 PM

Fed rate hikes haven't curbed inflation much. These policies would work instead, economists say

Alternative measures for fighting inflation include price controls and a windfall profits tax.
September 21, 2022, 6:07 PM
Fed rate hikes haven't curbed inflation much. These policies may work instead
September 21, 2022, 5:16 PM

Federal Reserve expected to announce 3rd interest rate hike

In an effort to combat inflation, the Federal Reserve is expected to hike interest rates up another 0.75%- its 5th interest rate hike of 2022.
September 21, 2022, 5:16 PM
Federal Reserve expected to announce 3rd interest rate hike
September 21, 2022, 2:18 PM

After 99 days in decline, price for gasoline up a penny

After 99 consecutive days of declining gasoline prices, the cost for a gallon edged a penny higher
September 21, 2022, 2:18 PM
After 99 days in decline, price for gasoline up a penny
September 21, 2022, 11:46 AM

Wall Street on edge over expected interest rate hike

Day two of the Federal Reserve's meeting is expected to end with a 0.75% interest rate hike, the third increase since June.
September 21, 2022, 11:46 AM
Wall Street on edge over expected interest rate hike
September 20, 2022, 10:10 PM

Federal Reserve expected to raise interest rates

ABC News business reporter Alexis Christoforous explains the impact on consumers if the Federal Reserve raises interest rates to cool off inflation.
September 20, 2022, 10:10 PM
Federal Reserve expected to raise interest rates
September 20, 2022, 11:46 AM

Federal Reserve expected to hike interest rates again

ABC News’ Rebecca Jarvis reports on the Federal Reserve’s latest efforts to battle inflation.
September 20, 2022, 11:46 AM
Federal Reserve expected to hike interest rates again
September 19, 2022, 2:36 PM

How much 'pain'? Fed to signal more rate hikes ahead

Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates would “bring some pain.”
September 19, 2022, 2:36 PM
How much 'pain'? Fed to signal more rate hikes ahead
September 18, 2022, 5:03 PM

EXPLAINER: How the strong U.S. dollar can affect everyone

The dollar is near its highest level in two decades against a key index.
September 18, 2022, 5:03 PM
September 18, 2022, 4:59 PM

Fed expected to take another strong step to try to get prices down

ABC News' Deirdre Bolton joins us with business headlines that will affect your wallet.
September 18, 2022, 4:59 PM
Fed expected to take another strong step to try to get prices down
September 17, 2022, 2:26 PM

More Americans are turning to 'buy now, pay later' plans

But as late payment rise, one government agency is sounding the alarm saying these schemes are harming consumers.
September 17, 2022, 2:26 PM
More Americans are turning to 'buy now, pay later' plans
September 16, 2022, 8:32 PM

Inflation woes: Which prices are going up the most and why?

Eggs, flour and tires are among the products with prices soaring amid sky-high inflation.
September 16, 2022, 8:32 PM
Eggs, flour and tires: The prices going up the most and why
September 16, 2022, 12:31 PM

Mortgage rates reach highest level in 14 years

The average mortgage rate climbed over 6% for the first time since the housing crash of 2008.
September 16, 2022, 12:31 PM
Mortgage rates reach highest level in 14 years
September 16, 2022, 12:31 PM

Grocery chain CEO shares how to cut food bills as consumer prices rise

With this week’s consumer price index report showing prices for groceries up 13.5% over the last year, Jason Hart, CEO for Aldi U.S., gives tips on how to cut your grocery bill.
September 16, 2022, 12:31 PM
Grocery chain CEO shares how to cut food bills as consumer prices rise
September 16, 2022, 1:21 AM

Which products are seeing higher prices amid inflation?

Many prices continued to climb as businesses face increasing costs tied to supply chain disruptions, labor shortages and distribution, according to Inflation Insights.
September 16, 2022, 1:21 AM
Which products are seeing higher prices amid inflation?
September 15, 2022, 9:22 PM

Mortgage rates hit 6%, first time since 2008 housing crash

Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market
September 15, 2022, 9:22 PM
Mortgage rates hit 6%, first time since 2008 housing crash
September 15, 2022, 8:30 PM

Yellen calls for modernized IRS at Maryland field office

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges
September 15, 2022, 8:30 PM
September 15, 2022, 2:44 PM

Here's why food prices are so high and what you can do about it

The price of food has remained high even as gas expenses have gone down but experts offer ways to save on costs.
September 15, 2022, 2:44 PM
Here's why food prices are so high and what you can do about it
September 15, 2022, 12:48 PM

Retail sales up 0.3% in Aug. from July as inflation tames spending

Retail sales up 0.3% in Aug. from July as inflation tames spending
September 15, 2022, 12:48 PM
Retail sales up 0.3% in Aug. from July as inflation tames spending
September 15, 2022, 3:26 AM

Race to stop rail strike continues as lawmakers weigh in

Rail companies and unions continued meetings in Washington, D.C., over an agreement to avert a freight rail strike and some trains have already canceled trips in the meantime.
September 15, 2022, 3:26 AM
Race to stop rail strike continues as lawmakers weigh in
September 15, 2022, 1:13 AM

As railroad strike grows closer, congressional Dems hope for compromise -- and not to have to act

As freight railroad carriers and a coalition of unions move ever closer to a potential strike, a clash has erupted in Congress over whether and how to intervene
September 15, 2022, 1:13 AM
As railroad strike grows closer, Dems hope for compromise -- and not to have to act
September 14, 2022, 9:57 PM

Looming railroad strike could have severe impact on US supply chain

Unions and rail companies have until Friday to reach an agreement before workers go on strike.
September 14, 2022, 9:57 PM
Looming railroad strike could have severe impact on US supply chain
September 14, 2022, 8:52 PM

Looming railroad strike could cripple US economy, transportation

Rail workers said they're seeking an improved time-off policy, as companies urge them to accept a deal.
September 14, 2022, 8:52 PM
Looming railroad strike could cripple US economy
September 14, 2022, 8:30 PM

Potential rail strike could have 'significant detrimental effects,' supply chain expert says

Abe Eshkenazi, the CEO of the Association for Supply Chain Management spoke to ABC News Live about a potential railroad worker strike this week.
September 14, 2022, 8:30 PM
Potential rail strike could have 'significant detrimental effects,' expert says
September 14, 2022, 7:02 PM

Inflation report shocker

From rents to groceries, even the experts are surprised at the prices we’ve been paying. ABC’s Derricke Dennis reports on why Wall Street is so worried.
September 14, 2022, 7:02 PM
Inflation report shocker
September 14, 2022, 4:27 PM

Stocks plummet following inflation report

ABC News business reporter Alexis Christoforous discusses inflation’s impact on grocery prices, interest rates and other goods and services.
September 14, 2022, 4:27 PM
Stocks plummet following inflation report
September 14, 2022, 3:07 PM

US wholesale inflation declines in August to still-high 8.7%

Inflation at the wholesale level jumped 8.7% in August from a year earlier, a slowdown from July yet still a painfully high level that suggests prices will keep spiking for months to come
September 14, 2022, 3:07 PM
US wholesale inflation declines in August to still-high 8.7%
September 14, 2022, 3:33 AM

'The supply chain relies on the rails': Expert on possible railroad strike

ABC News’ Linsey Davis spoke with the Association for Supply Chain Management CEO Abe Eshkenazi about a potential railroad worker strike this week.
September 14, 2022, 3:33 AM
'The supply chain relies on the rails': Expert on possible railroad strike
September 13, 2022, 8:26 PM

Consumer prices rise unexpectedly in August, sending stock market tumbling

The August inflation data arrives little over a week before the Federal Reserve decides on a rate increase.
September 13, 2022, 8:26 PM
Inflation rises unexpectedly in August, sends stock market tumbling
September 13, 2022, 2:51 PM

US rent prices finally showing signs of cooling down

Asking rents in the U.S. fell to 7.1% in August, down from 8.4% at the end of July.
September 13, 2022, 2:51 PM
US rent prices finally showing signs of cooling down