The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September

Shares are mostly higher in Asia, with major markets apart from Shanghai and Taiwan logging modest gains

Despite financial struggles, some are sparing no expense on travel and entertainment this summer, but there are plenty of ways to save and still have a good time.

U.S. GDP grew at a 2.8% annualized rate over three months ending in June.

ABC News business correspondent Alexis Christoforous breaks down the second quarter report for the U.S. economy.

Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels

A new study looking into the feasibility of universal basic income suggests that money would be largely spent on essentials such as food, rent and transportation.

Friends and family members are saving money on groceries by buying groceries in bulk together and splitting the cost.

A Montana town’s refusal to develop a centralized sewer system means no affordable housing can be built for working people.

Republicans presented the U.S. economy as a “trainwreck,” but the numbers tell a very different story.

Voters in Jacksonville, Florida, are struggling with inflation and housing costs, saying they don't trust either party to fix it.

A pandemic-era supply bottleneck is the main culprit, economists said.

Interest rate cuts would ease stress for households saddled by expensive loans.

Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy

ABC News business correspondent Alexis Christoforous provides the latest numbers regarding inflation and the economy.

Bank of America said Tuesday its profits fell in the second quarter, as higher interest rates ate into expenses, including its large consumer banking franchise

The first night of the Republican National Convention kept its official focus on the economy Monday

Grocery store chain Stop & Shop says it will close 32 underperforming grocery stores across the Northeast by the end of this year

Consumer prices in June were 3% higher compared to a year ago, edging closer to the Federal Reserve's 2% target. Overall, prices actually fell month-to-month for the first time since the pandemic.

The consumer price index shows prices are 3% higher in June compared to one year ago, a bigger drop in inflation than expected.

Inflation has fallen significantly from its peak but remains elevated.

ABC News business reporter Alexis Christoforous breaks down what this could mean for consumers.

Fed Chair Jerome Powell outlined progress made toward the central bank's goal of reducing inflation to 2% while touting economic growth and strong employment numbers.

ABC News surveyed voters from Wisconsin, Michigan, Pennsylvania and Georgia about their top issue in November’s election.

ABC News business reporter Alexis Christoforous discusses the latest economic trends.

Sam’s Club announced it was cutting membership fees to $25 through the end of August.

Warehouse retailers like Costco and Sam's Club offer deep savings and buy-in-bulk products to entice shoppers.

President Joe Biden has vowed to remain in the race amid calls to step aside. What does that mean for investors?

ABC News’ Elizabeth Schulze discusses the latest economic trends.

The news comes as figures for new home and pending homes sales decreased.

CEO Tim Wentworth says the company will close up to 25% of its 8,600 stores. He says closures will target stores that are not profitable or are too close to each other.

Due to a lack of inventory, the median price of existing homes has increased to more than $419,000

ABC News’ Alexis Christoforous discusses the latest economic trends.

The new projection comes from the nonpartisan Congressional Budget Office,

The Congressional Budget Office said it projects this year’s federal budget deficit to be 27% higher compared to its original estimate released in February.

After the unemployment rate for 20 to 24-year-olds in May jumped by its biggest annual increase in 14 years, jobs are being added in the health care and hospitality industries.

An end to property taxes would help cash-strapped homeowners but some fear that may lead to an increase in sales and income tax.

Consumer prices rose 3.3% over the year ending in May, data showed.

The decision came hours after fresh data showed a slight cooldown of inflation.

The Consumer Price Index fell ahead of the Federal Reserve's decision to keep the interest rate unchanged.

Plus, Boeing faces an order setback and Starbucks announces a new value menu.

The Federal Reserve is scheduled to announce a policy decision on interest rates.

According to AAA, the national average for a gallon of gas is $3.44. Last week's average was $3.52, marking the largest one-week drop so far this year.

Recent jobs data paints a rosy picture for the economy on paper, but sticky inflation is still hurting millions of Americans where it matters most: their wallets.

Despite the job and wage growth, many still aren’t feeling the economic strength according to consumer sentiment surveys.

The May jobs report blew past expectations, displaying the resilience of the U.S. economy.

The U.S. economy added 272,000 jobs in May, far surpassing economist expectations.

The U.S. economy added 272,000 jobs in May.

U.S. families spend an average of $11,000 on child care each year.

The New York City congestion pricing, which was supposed to begin at the end of the month, has now been postponed indefinitely.