Columbia Business School economics professor Brett House joins ABC News to discuss the potential impacts of the president-elect's proposed tariffs on consumers and industries reliant on global trade.

Consumer spending is off to a strong start, as online shoppers have already spent more than $77 billion dollars since Nov. 1, which is a more than 9% increase over last year’s figures.

ABC News’ Jay O’Brien reports on President Joe Biden’s comments on his successor’s plan to impose 25% tariffs on Mexico and Canada, saying he hopes he “rethinks” it and that it’s “counterproductive.”

After weeks of plugging increasingly inviting discounts, retailers in the United States and several other countries are preparing for prime time

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth

Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows

US economy grows at solid 2.8% pace in third quarter on consumer spending, exports, unchanged from initial estimate

Trump's plan for tariffs against Canada and Mexico could dramatically raise prices for Americans and threaten a trade agreement negotiated by his own administration.

The company added that the person behind the conduct is no longer an employee and that the investigation didn't identify involvement by any other worker.

Donald Trump has big plans for the economy

Deputy Under Secretary of Commerce for Minority Business Development Eric Morrissette discusses what a new Trump administration could mean for key government programs.

ABC News’ Alexis Christoforous traveled to Boston, where vacant office buildings are being turned into apartments with many employees still working from home, while small businesses struggle.

Ages 60 to 63 will get a new, supersize limit for their 401(k) contributions and can save up to $34,750 for retirement.

The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates

The summit of the Group of 20 leading economies in Rio de Janeiro has produced a joint declaration that, while not totally endorsed by one of the group’s members, succeeded in addressing most topics host Brazil had prioritized addressing: both ongoing ...

From tariffs to tax cuts, ABC News’ Max Zahn explains what the president-elect’s proposed policies mean for the economy.

“This will directly impact people’s pocketbooks,” one expert said.

ABC News’ Alex Presha is traveling with Biden for his final lap as president on the world stage.

Credit card interest rates stand near a record high.

Credit card debt has climbed 8% higher than where it stood a year ago, even while interest rates are dropping.

"GMA" looks at a key inflation report: the October Consumer Price Index, showing consumer prices rose 2.6% from one year ago.

Inflation accelerated in October, snapping a streak of six consecutive months of cooling inflation.

ABC News’ Alexis Christoforous breaks down the latest figures for core inflation, as well as food and consumer prices for October.

Jerome Powell, chairman of the Federal Reserve, said he has no near-term plans to change policy despite Trump reentering office in January.

ABC News business reporter Alexis Christoforous breaks down the latest on the Federal Reserve’s cut to interest rates by a quarter-point. 

The standoff carries high stakes for the U.S. economy, experts said.

Inflation has helped fuel a global backlash toward incumbents, experts say.

The Federal Reserve on Thursday announced a quarter-point rate cut, setting the path for borrowing costs two days after the victory of President-Elect Donald Trump.

The Fed cut interest rates by a quarter of a percentage point.

The Federal Open Market Committee (FOMC), a policymaking body at the Fed, has forecast further interest rate cuts.

President-elect Donald Trump’s proposed policies on tariffs and deportation could mean Americans will face worsening inflation.

The economy was one of the key issues that drove people to the polls.

Expanded tariffs and mass deportation would raise prices, experts say.

ABC News’ Rebecca Jarvis examines how economics played a part in leading Trump into an election win.

The economy was the top issue for voters in the 2024 election, with almost half of those polled saying they are worse off than they were four years ago.

The national average has fallen to $3.10 for a gallon of gas, with 24 states now below $3.

ABC News’ John Quiñones reports on which election issues are most important to voters in Texas.

Major stock indexes and large tech firms showed gains on Tuesday.

Consumer prices rose 2.4% in September compared to a year ago, according to the latest data released by the U.S. Bureau of Labor Statistics.

The economy tops surveys of voters' most important issues.

Hurricanes Helene and Milton along with the Boeing strike contributed to the weaker numbers, but the unemployment rate remains at 4.1%, matching the September rate and remaining historically low.

Acting Labor Secretary Julie Su talks to ABC News’ Elizabeth Schulze about the latest jobs report.

Hiring slowed in October, but fallout from hurricanes and labor strikes likely caused an undercount of the nation’s workers.

ABC News’ Alexis Christoforous looks at both candidates' plans for the economy and breaks it down for you and your wallet.

Trump could damage the economy, experts say, if he makes good on threats to prosecute political rivals, including Kamala Harris.

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

Chair of the National Council of Economic Advisers Jared Bernstein joins ABC News Live with more.

As economic inequality and wealth concentration rise, the U.S. is entering a new era of support for workers' rights, reminiscent of the Gilded Age.