Follow the latest Economy news, videos, and analysis from ABC News.
1 hour ago
Mortgage rates on the rise
One reason for the increase has been a shortage of properties, as many with ultra-low rates aren't moving.
1 hour ago
2 hours ago
Fed's preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid
2 hours ago
April 25, 2024 at 10:46 PM
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace
April 25, 2024 at 10:46 PM
April 25, 2024 at 2:45 PM
US applications for jobless claims fall to lowest level in 9 weeks
Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation
April 25, 2024 at 2:45 PM
April 18, 2024 at 7:50 PM
Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices
April 18, 2024 at 7:50 PM
April 18, 2024 at 1:18 PM
The number of Americans applying for jobless benefits holds steady as labor market remains strong
The number of Americans filing for jobless benefits didn’t change last week as the labor market continues to defy efforts by the Federal Reserve to cool it off
April 18, 2024 at 1:18 PM
April 17, 2024 at 6:29 PM
Robert Herjavec shares tips to deal with inflation
The "Shark Tank" star has tips for individuals and small business owners to manage finances amid higher prices.
April 17, 2024 at 6:29 PM
April 16, 2024 at 7:42 PM
Fed's Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates
April 16, 2024 at 7:42 PM
April 15, 2024 at 6:38 PM
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges
April 15, 2024 at 6:38 PM
April 15, 2024 at 3:57 PM
Economy uncertain after Iran attacks Israel
ABC News business reporter Alexis Christoforous shares how an Israeli response to Iran's attack could lead to soaring gas prices and push inflation even higher.
April 15, 2024 at 3:57 PM
April 15, 2024 at 1:23 PM
Middle East tension causes concern on Wall Street
ABC News’ Rebecca Jarvis reports on how the rising tensions, along with higher-than-expected inflation, could impact the stock market.
April 15, 2024 at 1:23 PM
April 12, 2024 at 3:26 PM
US consumer sentiment falls slightly as outlook for inflation worsens
Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year
April 12, 2024 at 3:26 PM
April 11, 2024 at 5:58 PM
Hot inflation likely to delay interest rate cuts. Here's what to expect
Rate cuts may not begin this year, some experts said.
April 11, 2024 at 5:58 PM
April 11, 2024 at 2:29 AM
Inflation rose sharply in March, undoing progress in lowering prices
U.S. Bureau of Labor Statistics reports that consumer prices rose 3.5% in March, accelerating from the previous month and reversing progress on curbing inflation.
April 11, 2024 at 2:29 AM
April 10, 2024 at 11:12 PM
Americans spending hundreds more each month compared to 2023, data shows
Consumer prices are on the rise nationwide according to data and our panel breaks down the latest inflation numbers.
April 10, 2024 at 11:12 PM
April 10, 2024 at 10:06 PM
US consumer prices rose 3.5% in March
U.S. consumer prices rose 3.5% year over year in March, according to the U.S. Bureau of Labor Statistics. Moody's analytics economist Matt Colyar gives his analysis.
April 10, 2024 at 10:06 PM
April 10, 2024 at 6:18 PM
Cost of goods and services continue to increase, report shows
ABC News business reporter Alexis Christoforous talks about an increase in the cost of goods and services and the likelihood of the Feds cutting interest rates.
April 10, 2024 at 6:18 PM
April 10, 2024 at 6:02 PM
All eyes on March Consumer Price Index report
ABC News’ Rebecca Jarvis has the latest on inflation numbers expected Wednesday, what they could signal about the economy and how it could impact your wallet.
April 10, 2024 at 6:02 PM
April 10, 2024 at 5:16 PM
Business Headlines: New inflation report is worse than expected
Inflation is moving in the wrong direction for the third month in a row, the price of the stamp may be going up again and "Honest Company" founder Jessica Alba is stepping down.
April 10, 2024 at 5:16 PM
April 10, 2024 at 1:33 PM
Inflation surged higher in March, reversing some progress made in cooling prices
The fight to reduce inflation has struck a rough patch in recent months.
April 10, 2024 at 1:33 PM
April 9, 2024 at 1:29 PM
JPMorgan CEO warns about interest rates
JPMorgan Chase’s Jamie Dimon warned that 8% interest rates could be in the future.
April 9, 2024 at 1:29 PM
April 8, 2024 at 6:45 PM
Inflation alarm, 'extraordinary' AI: 4 takeaways from Jamie Dimon's annual letter
The CEO of the nation's largest bank said economic risks remain significant.
April 8, 2024 at 6:45 PM
April 8, 2024 at 6:35 PM
JPMorgan Chase CEO Dimon fears higher interest rates
Jamie Dimon wrote in a shareholder letter Monday that interest rates could rise to at least 8%.
April 8, 2024 at 6:35 PM
April 5, 2024 at 7:38 PM
Job market defies expectations in latest report
Employers added 303,000 jobs to the workforce in March, more than analysts expected, while the unemployment rate dipped from 3.9% to 3.8%.
April 5, 2024 at 7:38 PM
April 5, 2024 at 5:57 PM
Employers add 303,000 jobs in March
It's the largest monthly jobs gain since May 2023.
April 5, 2024 at 5:57 PM
April 5, 2024 at 5:31 PM
Biden on jobs report: “A milestone in America’s comeback”
The Bureau of Labor Statistics said more than 300,000 jobs were added to the U.S. economy in March. The highest number of new jobs in nearly a year.
April 5, 2024 at 5:31 PM
April 4, 2024 at 10:51 AM
Fed Chair Jerome Powell pumps brakes on rate cuts
"We have time to let the incoming data guide our decisions," Powell said.
April 4, 2024 at 10:51 AM
April 1, 2024 at 11:21 PM
California fast food workers expecting bigger paychecks
The panel discusses the pay raise hitting the fast-food industry in California. Employees will now receive $20 per hour.
April 1, 2024 at 11:21 PM
April 1, 2024 at 5:53 PM
Avian flu hits dairy producing cattle farms
Avian flu has already impacted egg supplies and pricing, but now a virus hitting cattle farms could dwindle some milk supply.
April 1, 2024 at 5:53 PM
April 1, 2024 at 3:48 PM
California fast food workers get minimum wage hike
Fast food workers in California are getting a pay raise. Also, if you're a current or former AT&T customer, your information may have been leaked to the dark web.
April 1, 2024 at 3:48 PM
April 1, 2024 at 2:46 PM
What to know about new minimum wage in California
On April 1 Assembly Bill 610 went into effect raising the minimum wage for more than half a million California fast food workers.
April 1, 2024 at 2:46 PM
1 month ago
California minimum wage of at least $20 to take effect Monday
California will soon become that state with the highest minimum wage for some fast-food workers. What it could mean for franchise owners and customers.
1 month ago
1 month ago
Gas prices have climbed nearly 14% this year. Here's why.
Warm-weather travelers are driving up demand for gas, experts said.
1 month ago
1 month ago
Gas prices go up as spring travel heats up
Gas prices are rising faster than usual this year and Americans seem to be cooling on a certain hot sauce.
1 month ago
1 month ago
Job flexibility, security linked to less anxiety, distress, study says
ABC News chief medical correspondent Dr. Jen Ashton discusses how work-life balance results in lower stress levels.
1 month ago
1 month ago
Trader Joe's raises banana prices less than a nickel but drops prices on other produce, various products
Trader Joe's confirmed the bananas that previously sold for just 19 cents a piece will now cost 23 cents.
1 month ago
1 month ago
Gasoline prices rising ahead of holiday weekend
Prices for gas are creeping up across the country, with some paying more than $5 a gallon heading into Easter weekend.
1 month ago
1 month ago
Government shutdown averted as Congress passes spending bill
President Joe Biden signed the bipartisan bill into law that includes money to hire 2,000 additional border agents to assist with the ongoing migrant crisis at the Southern border.
1 month ago
1 month ago
Food prices could increase further due to climate change's effect on inflation around the world: Study
The strain that rising global temperatures could have on the agriculture industry will likely cause food prices around the world to inflate even more.
1 month ago
1 month ago
Biden administration forgives student loans for 78,000 more public service workers
Biden announced on Thursday that some 78,000 public service workers is the PSLF program will have $5.8 billion in student loan debt forgiven by his administration
1 month ago
1 month ago
How rising global temperatures can increase food prices: Study
The paper, published in Communications Earth & Environment, found that countries in Africa and South America will be impacted the most.
1 month ago
1 month ago
Wall Street rallies after Fed signals 3 rate cuts for 2024
ABC News’ Elizabeth Schulze has the latest on the markets after a critical decision by the Federal Reserve.
1 month ago
1 month ago
Fed holds interest rates steady, postponing rate cuts amid stubborn inflation
Inflation fell sharply last year but progress has stalled in recent months.
1 month ago
1 month ago
The Federal Reserve announces interest rates to remain unchanged
The Federal Reserve announced that interest rates will remain unchanged in its latest decision. ABC News' Elizabeth Schulze and Alexis Christoforous report.
1 month ago
1 month ago
Fed holds interest rates steady, postponing rate cuts amid stubborn inflation
Inflation fell sharply last year but progress has stalled in recent months.
1 month ago
1 month ago
Federal reserve set to announce latest interest rate decision
ABC News chief economics correspondent Rebecca Jarvis shares what Wednesday’s decision could mean for your wallet.
1 month ago
1 month ago
‘Mrs. Dow Jones’ gives tips on spring cleaning your spending habits
Finance expert and influencer “Mrs. Dow Jones,” Haley Sacks, discusses budgeting for the spring and how to spend tax returns.
1 month ago
1 month ago
Restaurant chains respond to inflation with incentives
Applebee's, Red Robin and Red Lobster are among the chains that are offering subscription plans, meal passes and more to give customers more value for their money.
1 month ago
1 month ago
Realtors group scraps real estate commissions
In a monumental settlement, a real estate agency has scrapped the standard 6% commission. What does it mean for buyers and sellers, and how much could it impact home prices?
1 month ago
1 month ago
Warren picks up Biden's call to crack down on 'shrinkflation'
As polls show rising inflation weighing on American families, President Joe Biden has continued to slam companies for “shrinkflation.”
1 month ago