Follow the latest Economy news, videos, and analysis from ABC News.
December 6, 2024 at 2:34 PM
Jobs report shows hiring surge as Fed weighs interest rate cut
The fresh data marks the first jobs report since the election of Trump.
December 6, 2024 at 2:34 PM
December 6, 2024 at 9:34 AM
China's ban on key high-tech materials could have broad impact on industries, economy
China has banned exports of key materials used for a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded export controls to include dozens of Chinese companies th...
December 6, 2024 at 9:34 AM
December 5, 2024 at 10:11 PM
Congresswoman DelBene on Trump's tariff plan and DOGE's planned budget cuts
Democratic Rep. Suzan DelBene of Washington State discusses the incoming Trump transition and tariff plan as well as planned regulation slashing by Elon Musk and Vivek Ramaswamy's DOGE.
December 5, 2024 at 10:11 PM
December 5, 2024 at 4:22 PM
US applications for jobless benefits rise but remain at low levels
The number of Americans applying for unemployment benefits rose last week but remains at historically healthy levels
December 5, 2024 at 4:22 PM
December 2, 2024 at 11:15 PM
What to know about the Smoot-Hawley tariffs and their role in the Great Depression
The measure helped worsen the Great Depression, experts said.
December 2, 2024 at 11:15 PM
December 1, 2024 at 3:31 PM
Trump's proposed tariffs and your wallet
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.
December 1, 2024 at 3:31 PM
November 29, 2024 at 11:43 AM
Holiday shopping season is heating up, despite widespread economic anxiety
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.
November 29, 2024 at 11:43 AM
November 29, 2024 at 9:40 AM
Biden says he hopes Trump ‘rethinks’ tariff plan
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.”
November 29, 2024 at 9:40 AM
November 28, 2024 at 6:38 PM
Why retailers still see Black Friday as the high point of the holiday shopping season
After weeks of plugging increasingly inviting discounts, retailers in the United States and several other countries are preparing for prime time
November 28, 2024 at 6:38 PM
November 27, 2024 at 11:50 PM
US economy grows at 2.8% pace in third quarter on consumer spending
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
November 27, 2024 at 11:50 PM
November 27, 2024 at 5:18 PM
US inflation gauge ticks higher with price pressures still stubborn
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled
November 27, 2024 at 5:18 PM
November 27, 2024 at 2:55 PM
Number of Americans filing for unemployment falls again, hovers near 7-month lows
The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows
November 27, 2024 at 2:55 PM
November 27, 2024 at 2:05 PM
US economy grows at solid 2.8% pace in third quarter on consumer spending, exports, unchanged from initial estimate
US economy grows at solid 2.8% pace in third quarter on consumer spending, exports, unchanged from initial estimate
November 27, 2024 at 2:05 PM
November 27, 2024 at 10:31 AM
Trump tariff plan could raise prices, blow up his own trade deal with Mexico, Canada
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.
November 27, 2024 at 10:31 AM
November 26, 2024 at 12:39 AM
Macy's says employee hid up to $154 million in expenses, delays Q3 earnings
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.
November 26, 2024 at 12:39 AM
November 25, 2024 at 5:01 PM
Rising price of paying national debt a risk for Trump's promises on growth, inflation
Donald Trump has big plans for the economy
November 25, 2024 at 5:01 PM
November 22, 2024 at 8:40 PM
How Trump’s plans for government efficiency could impact minority entrepreneurs
Deputy Under Secretary of Commerce for Minority Business Development Eric Morrissette discusses what a new Trump administration could mean for key government programs.
November 22, 2024 at 8:40 PM
November 22, 2024 at 4:16 AM
Cities fear an economic doom loop as offices sit empty
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.
November 22, 2024 at 4:16 AM
November 21, 2024 at 10:36 PM
Retirement plans are changing in 2025: What to know
Ages 60 to 63 will get a new, supersize limit for their 401(k) contributions and can save up to $34,750 for retirement.
November 21, 2024 at 10:36 PM
November 19, 2024 at 12:44 AM
How will the economy look under Trump 2.0?
From tariffs to tax cuts, ABC News’ Max Zahn explains what the president-elect’s proposed policies mean for the economy.
November 19, 2024 at 12:44 AM
November 18, 2024 at 11:01 PM
Trump's proposed tariffs would raise prices for these products, experts say
“This will directly impact people’s pocketbooks,” one expert said.
November 18, 2024 at 11:01 PM
November 18, 2024 at 3:50 PM
Biden attends G20 after historic trip to Amazon rainforest
ABC News’ Alex Presha is traveling with Biden for his final lap as president on the world stage.
November 18, 2024 at 3:50 PM
November 14, 2024 at 11:28 PM
Credit card rates have barely budged, despite interest rate cuts. Here's why
Credit card interest rates stand near a record high.
November 14, 2024 at 11:28 PM
November 14, 2024 at 9:55 PM
Why credit card rates remain high, even after interest rate cuts
Credit card debt has climbed 8% higher than where it stood a year ago, even while interest rates are dropping.
November 14, 2024 at 9:55 PM
November 13, 2024 at 10:26 PM
Latest monthly inflation report released
"GMA" looks at a key inflation report: the October Consumer Price Index, showing consumer prices rose 2.6% from one year ago.
November 13, 2024 at 10:26 PM
November 13, 2024 at 5:19 PM
New inflation data shows increase, days after election
Inflation accelerated in October, snapping a streak of six consecutive months of cooling inflation.
November 13, 2024 at 5:19 PM
November 13, 2024 at 4:18 PM
Inflation accelerated in October, offering 1st look at prices since election
ABC News’ Alexis Christoforous breaks down the latest figures for core inflation, as well as food and consumer prices for October.
November 13, 2024 at 4:18 PM
1 month ago
Fed chair says he would not quit if Trump asked for his resignation
Jerome Powell, chairman of the Federal Reserve, said he has no near-term plans to change policy despite Trump reentering office in January.
1 month ago
1 month ago
Federal Reserve cuts interest rates by a quarter-point
ABC News business reporter Alexis Christoforous breaks down the latest on the Federal Reserve’s cut to interest rates by a quarter-point.
1 month ago
1 month ago
Fed chair says Trump can't remove him. Could Trump still influence interest rates?
The standoff carries high stakes for the U.S. economy, experts said.
1 month ago
1 month ago
Why inflation helped tip the election toward Trump, according to experts
Inflation has helped fuel a global backlash toward incumbents, experts say.
1 month ago
1 month ago
Federal Reserve cuts interest rates by quarter-point
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.
1 month ago
1 month ago
Fed cuts interest rates days after election
The Fed cut interest rates by a quarter of a percentage point.
1 month ago
1 month ago
Fed expected to cut interest rates days after election
The Federal Open Market Committee (FOMC), a policymaking body at the Fed, has forecast further interest rate cuts.
1 month ago
1 month ago
Trump's proposed economic polices could raise prices on goods
President-elect Donald Trump’s proposed policies on tariffs and deportation could mean Americans will face worsening inflation.
1 month ago
1 month ago
Inflation's role in the presidential election results
The economy was one of the key issues that drove people to the polls.
1 month ago
1 month ago
Here's why some economists expect Trump's policies to worsen inflation
Expanded tariffs and mass deportation would raise prices, experts say.
1 month ago
1 month ago
What a Trump win means for the economy
ABC News’ Rebecca Jarvis examines how economics played a part in leading Trump into an election win.
1 month ago
1 month ago
Economy top of mind for 2024 voters
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.
1 month ago
1 month ago
Gas prices near their lowest point of the year.
The national average has fallen to $3.10 for a gallon of gas, with 24 states now below $3.
1 month ago
1 month ago
Texas voters weigh immigration and economy as top issues
ABC News’ John Quiñones reports on which election issues are most important to voters in Texas.
1 month ago
1 month ago
Stock market surges on Election Day
Major stock indexes and large tech firms showed gains on Tuesday.
1 month ago
1 month ago
Where the economy stands on Election Day
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.
1 month ago
1 month ago
By the numbers: Where the economy stands on Election Day
The economy tops surveys of voters' most important issues.
1 month ago
1 month ago
Disappointing 12,000 jobs added in October
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.
1 month ago
1 month ago
Jobs report shows ‘overall picture of the economy remains unchanged’: White House
Acting Labor Secretary Julie Su talks to ABC News’ Elizabeth Schulze about the latest jobs report.
1 month ago
1 month ago
US economy adds 12,000 jobs in October, unemployment rate remains at 4.1%
Hiring slowed in October, but fallout from hurricanes and labor strikes likely caused an undercount of the nation’s workers.
1 month ago
1 month ago
A look at Trump and Harris’ plans for the economy
ABC News’ Alexis Christoforous looks at both candidates' plans for the economy and breaks it down for you and your wallet.
1 month ago
1 month ago
Could a Trump presidency damage both democracy and the economy? Experts weigh in
Trump could damage the economy, experts say, if he makes good on threats to prosecute political rivals, including Kamala Harris.
1 month ago
1 month ago
US economy grew at robust pace in 3rd quarter
U.S. GDP grew at a 2.8% annualized rate over three months ending in September.
1 month ago