Follow the latest Economy news, videos, and analysis from ABC News.
September 20, 2024 at 6:55 PM
Biden calls rate cut 'an important day for the country'
In remarks on Thursday at the Economic Club in Washington, President Joe Biden said the Fed's rate cut was "an important day," but stopped short of declaring victory.
September 20, 2024 at 6:55 PM
September 20, 2024 at 12:30 PM
Will the Fed cut interest rates again this year? Experts weigh in.
The Fed delivered a large interest rate cut this week. Will they do it again?
September 20, 2024 at 12:30 PM
September 19, 2024 at 8:38 PM
Federal Reserve cuts interest rates
ABC News’ Elizabeth Schulze shares what you need to know about the Fed cutting interest rates and how it will affect your wallet.
September 19, 2024 at 8:38 PM
September 19, 2024 at 8:22 PM
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising
September 19, 2024 at 8:22 PM
September 19, 2024 at 5:57 PM
What does the rate cut mean for mortgages and homebuyers?
The Fed delivered a jumbo-sized rate cut this week.
September 19, 2024 at 5:57 PM
September 19, 2024 at 4:46 PM
Average rate on a 30-year mortgage falls to 6.09%, lowest level since February 2023
The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week and is now at its lowest level since early February 2023
September 19, 2024 at 4:46 PM
September 19, 2024 at 2:27 PM
How federal interest rate cut could affect your wallet
ABC News' Elizabeth Schulze breaks down some of the impacts of the Federal Reserve's lower interest rates on everyday economic issues and inflation.
September 19, 2024 at 2:27 PM
September 19, 2024 at 2:14 PM
Weekly applications for US jobless benefits fall to the lowest level in 4 months
The number of Americans applying for unemployment benefits fell to their lowest level in four months last week
September 19, 2024 at 2:14 PM
September 19, 2024 at 1:06 PM
Fed cuts interest rates a half point
The Federal Reserve slashed interest rates for the first time since 2020 with a half-point cut, its biggest rate cut in 16 years.
September 19, 2024 at 1:06 PM
September 19, 2024 at 12:20 PM
Federal Reserve cuts interest rates for 1st time since 2020
"The time has come for policy to adjust," Fed Chair Jerome Powell said last month.
September 19, 2024 at 12:20 PM
September 19, 2024 at 12:15 AM
Fed Reserve cut interest for 1st time in 4 years
The Federal Reserve cut its benchmark interest rate by half a percentage point, reversing its years-long fight against inflation and potentially offering relief for borrowers facing high costs.
September 19, 2024 at 12:15 AM
September 18, 2024 at 11:39 PM
The Federal Reserve cuts interest rates for first time in 4 years
Our panel reacts to the Fed cutting interest rates by half a percent, the second wave of explosions in Lebanon Wednesday and lawyers for Sean "Diddy" Combs speaking on his sex trafficking indictment.
September 18, 2024 at 11:39 PM
September 18, 2024 at 6:31 PM
Fed cuts interest rates a half point in landmark policy shift
The Federal Reserve cut its benchmark interest rate a half of a percentage point on Wednesday in a landmark decision that dials back its years-long fight against inflation.
September 18, 2024 at 6:31 PM
September 18, 2024 at 1:58 PM
UK inflation is steady at 2.2% ahead of Bank of England's next rate decision
The Bank of England is widely expected to keep interest rates unchanged after official figures showed Inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares offset by lower fuel costs and restaurant and hotel bills
September 18, 2024 at 1:58 PM
September 18, 2024 at 1:53 PM
Fed expected to cut interest rates for 1st time in 4 years
The Federal Reserve is expected to announce its first interest rate cut in four years. ABC News’ Rebecca Jarvis breaks down what this means for your wallet.
September 18, 2024 at 1:53 PM
September 18, 2024 at 1:19 PM
Gas prices are plummeting. Experts explain why.
In 16 states, an average gallon of gas costs less than $3.
September 18, 2024 at 1:19 PM
September 18, 2024 at 12:26 AM
Gas prices dropping as summer ends
The price of gasoline has dropped about 13% since the 2024 peak in April, according to AAA.
September 18, 2024 at 12:26 AM
September 17, 2024 at 6:14 PM
US retail sales ticked up last month in sign of ongoing consumer resilience
Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate
September 17, 2024 at 6:14 PM
September 17, 2024 at 6:14 PM
US retail sales ticked up last month in sign of ongoing consumer resilience
Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate
September 17, 2024 at 6:14 PM
September 17, 2024 at 9:57 AM
An interest rate cut is expected this week. Experts explain what to know
Investors widely expect the Fed to cut interest rates at a meeting on Wednesday.
September 17, 2024 at 9:57 AM
September 16, 2024 at 4:16 PM
What to know about a possible rate cut this week
ABC News business reporter Alexis Christoforous explains why investors widely expect the Fed to slash interest rates at a meeting on Wednesday.
September 16, 2024 at 4:16 PM
September 15, 2024 at 1:38 PM
Will the Federal Reserve cut interest rates?
Most investors are betting that the Federal Reserve will reduce rates by a quarter point this week, cutting rates for the first time in four years.
September 15, 2024 at 1:38 PM
September 14, 2024 at 3:54 PM
Gas prices expected to keep falling
ABC News' Correspondent Alexis Christoforous breaks down the relief at the pump as more than a dozen states are now below $3 a gallon.
September 14, 2024 at 3:54 PM
September 13, 2024 at 3:34 PM
US consumer sentiment ticks higher for second month but remains subdued
Americans’ outlook on the economy improved for the second straight month in September, bolstered by lower prices for long-lasting goods such as cars and furniture
September 13, 2024 at 3:34 PM
September 12, 2024 at 6:36 PM
US filings for unemployment benefits inch up slightly but remain historically low
Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates
September 12, 2024 at 6:36 PM
September 12, 2024 at 1:34 PM
Wholesale inflation mostly cooled last month in latest sign that price pressures are slowing
U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week
September 12, 2024 at 1:34 PM
September 12, 2024 at 12:49 PM
Freshly squeezed: Savers already feeling the pain ahead of likely start to Fed rate cuts
This week the Federal Reserve is likely to cut its main interest rate for the first time in more than four years
September 12, 2024 at 12:49 PM
September 11, 2024 at 7:27 PM
These 2 grocery categories still cost more: Expert shares silver linings for shoppers
Food at home prices increased over the last year with eggs and meat increasing at the grocery store month to month; but retailers are fighting for shopper savings.
September 11, 2024 at 7:27 PM
September 11, 2024 at 3:38 PM
Inflation slowed in August, paving way for interest rate cut
ABC News business reporter Alexis Christoforous discusses the latest figures days before the Federal Reserve is widely expected to make an interest rate cut.
September 11, 2024 at 3:38 PM
September 11, 2024 at 2:30 PM
Inflation falls more than expected, paving way for interest rate cut
The Fed is widely expected to cut interest rates next week.
September 11, 2024 at 2:30 PM
September 10, 2024 at 4:30 PM
How the US economy has shifted past elections
Presidential historian Mark Updegrove explains how political fortunes have been decided by the state of the economy.
September 10, 2024 at 4:30 PM
September 10, 2024 at 4:28 PM
Economic issues to watch out for on debate night
ABC News business reporter Alexis Christoforous on what many voters says is a top issue in the upcoming election.
September 10, 2024 at 4:28 PM
September 6, 2024 at 11:05 PM
Slowing but steady job market reported in August
The U.S. added 142,000 jobs in August, according to Friday's jobs report. The unemployment rate now stands at 4.2%.
September 6, 2024 at 11:05 PM
September 6, 2024 at 9:20 PM
Kroger CEO says prices will come down if merger approved
Rodney McMullen said merging with rival Albertsons would allow its stores to be competitive against retailers such as Walmart and Amazon.
September 6, 2024 at 9:20 PM
September 6, 2024 at 2:14 PM
Slowing but steady job market reported in August
The U.S. added 142,000 jobs in August, according to the latest jobs report.
September 6, 2024 at 2:14 PM
September 2, 2024 at 12:56 AM
Thousands of hotel workers on strike at major chains
The strikes are taking place at 25 hotels across eight cities, including Boston and San Francisco, with workers demanding higher wages.
September 2, 2024 at 12:56 AM
August 29, 2024 at 3:06 PM
US economy shows growth last quarter
Unemployment benefit applications were down last week as Americans are making personal finance decisions for the rest of the year.
August 29, 2024 at 3:06 PM
1 month ago
Feds take grocery merger to court over high food prices
Grocery stores Kroger and Albertsons are in court after the Federal Trade Commission claimed the merger would eliminate competition and raise food prices.
1 month ago
1 month ago
How much will the Fed cut interest rates? Experts weigh in
"The time has come" for a shift toward rate cuts, Fed Chair Jerome Powell said. But how much will rates go down?
1 month ago
1 month ago
Investors respond to interest rate news
The Federal Reserve is now poised to cut interest rates in its next meeting, sending stocks surging on Wall Street.
1 month ago
1 month ago
Fed Chair Powell says 'time has come' for shift toward interest rate cuts
The Fed is widely expected to cut rates at its next meeting in September.
1 month ago
1 month ago
Fed Chair says the central bank would soon begin cutting interest rates
Federal Reserve Chair Jerome Powell made it clear that borrowers could see an interest rate cut in September.
1 month ago
1 month ago
VP Harris accepts Democratic nomination as RFK Jr. suspends presidential campaign
Plus, independent candidate RFK, Jr. suspends presidential campaign and endorses former president, now GOP nominee, Donald Trump.
1 month ago
1 month ago
Fed Chair Powell says 'time has come' for shift toward interest rate cuts
The announcement comes after a yearslong effort to fight inflation with highly elevated interest rates.
1 month ago
1 month ago
How a Canadian rail shutdown could worsen US inflation
Two major Canadian freight rail companies locked out thousands of workers on Thursday, shutting down cross-border shipping routes.
1 month ago
1 month ago
Fed set to cut interest rates in September
Job growth is slower than expected and the Federal Reserve may cut rates by half a percentage point next month due to weak manufacturing.
1 month ago
1 month ago
DNC speakers claim Biden inherited broken economy. Economists say it's more complex
Economy was no longer in recession but Biden advanced recovery, experts said.
1 month ago
1 month ago
FTC ban on worker noncompete agreements blocked by federal judge
An estimated 30 million Americans -- 1 out of every 5 workers -- are employed with noncompete agreements in industries ranging from tech to fast food.
1 month ago
1 month ago
Harris plans to tackle inflation. Economists say the fight is nearly over.
Inflation stands below 3% for the first time since 2021.
1 month ago
1 month ago
Here's what economists think of Harris' economic agenda
Proposals include a ban on grocery price gouging and subsidy for homebuyers.
1 month ago