Follow the latest Economy news, videos, and analysis from ABC News.
July 26, 2024 at 2:38 PM
Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
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
July 26, 2024 at 2:38 PM
July 26, 2024 at 5:02 AM
Global shares tumble after a wipeout on Wall Street as Big Tech retreats
Shares are mostly higher in Asia, with major markets apart from Shanghai and Taiwan logging modest gains
July 26, 2024 at 5:02 AM
July 25, 2024 at 3:25 PM
What to know about the 'funflation' trend
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.
July 25, 2024 at 3:25 PM
July 25, 2024 at 2:45 PM
US economy grew much faster than expected in 2nd quarter
U.S. GDP grew at a 2.8% annualized rate over three months ending in June.
July 25, 2024 at 2:45 PM
July 25, 2024 at 1:40 PM
US economy grows by 2.8% in second quarter
ABC News business correspondent Alexis Christoforous breaks down the second quarter report for the U.S. economy.
July 25, 2024 at 1:40 PM
July 25, 2024 at 1:10 PM
Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels
Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels
July 25, 2024 at 1:10 PM
July 23, 2024 at 8:58 PM
Free money experiment
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.
July 23, 2024 at 8:58 PM
July 22, 2024 at 6:59 PM
Families, friends use 'bulk-sharing' to split the costs on groceries
Friends and family members are saving money on groceries by buying groceries in bulk together and splitting the cost.
July 22, 2024 at 6:59 PM
July 20, 2024 at 11:21 AM
Montana town’s economy withers due to lack of affordable housing
A Montana town’s refusal to develop a centralized sewer system means no affordable housing can be built for working people.
July 20, 2024 at 11:21 AM
July 20, 2024 at 2:33 AM
By the Numbers: US economy a main focus at the RNC
Republicans presented the U.S. economy as a “trainwreck,” but the numbers tell a very different story.
July 20, 2024 at 2:33 AM
July 18, 2024 at 5:55 PM
Disheartened voters and the rising cost of living
Voters in Jacksonville, Florida, are struggling with inflation and housing costs, saying they don't trust either party to fix it.
July 18, 2024 at 5:55 PM
July 18, 2024 at 2:48 PM
What economists say about Biden being blamed for inflation
A pandemic-era supply bottleneck is the main culprit, economists said.
July 18, 2024 at 2:48 PM
July 17, 2024 at 5:57 PM
Here's why interest rate cuts are widely expected in 2024
Interest rate cuts would ease stress for households saddled by expensive loans.
July 17, 2024 at 5:57 PM
July 16, 2024 at 7:34 PM
Retail sales unchanged in June from May, underscoring shoppers' resilience
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
July 16, 2024 at 7:34 PM
July 16, 2024 at 5:13 PM
Lumber industry in crossroads with changing economy
ABC News business correspondent Alexis Christoforous provides the latest numbers regarding inflation and the economy.
July 16, 2024 at 5:13 PM
July 16, 2024 at 3:02 PM
Bank of America Q2 profits drop as higher interest rates slow down lending
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
July 16, 2024 at 3:02 PM
July 16, 2024 at 4:06 AM
Trump's economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce
The first night of the Republican National Convention kept its official focus on the economy Monday
July 16, 2024 at 4:06 AM
July 12, 2024 at 6:22 PM
Stop & Shop closing 32 underperforming grocery stores in the Northeast
Grocery store chain Stop & Shop says it will close 32 underperforming grocery stores across the Northeast by the end of this year
July 12, 2024 at 6:22 PM
July 12, 2024 at 6:39 AM
Consumer prices rose in June compared to a year ago
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.
July 12, 2024 at 6:39 AM
July 11, 2024 at 5:14 PM
Inflation eases again in June
The consumer price index shows prices are 3% higher in June compared to one year ago, a bigger drop in inflation than expected.
July 11, 2024 at 5:14 PM
July 11, 2024 at 3:01 PM
Inflation cooled in June, outperforming economists' expectations
Inflation has fallen significantly from its peak but remains elevated.
July 11, 2024 at 3:01 PM
July 11, 2024 at 2:36 PM
New inflation report could lead to Fed lowering interest rates
ABC News business reporter Alexis Christoforous breaks down what this could mean for consumers.
July 11, 2024 at 2:36 PM
July 10, 2024 at 6:15 PM
Fed Chair Powell presents semi-annual monetary policy report
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.
July 10, 2024 at 6:15 PM
July 9, 2024 at 11:26 PM
How the economy could decide the presidential election
ABC News surveyed voters from Wisconsin, Michigan, Pennsylvania and Georgia about their top issue in November’s election.
July 9, 2024 at 11:26 PM
July 9, 2024 at 4:18 PM
Higher gas prices, remote-work explosion and Target’s new payment options
ABC News business reporter Alexis Christoforous discusses the latest economic trends.
July 9, 2024 at 4:18 PM
July 9, 2024 at 2:46 PM
Price wars heating up between Costco and Sam's Club
Sam’s Club announced it was cutting membership fees to $25 through the end of August.
July 9, 2024 at 2:46 PM
July 9, 2024 at 2:27 PM
Comparing big-box retailers as Sam's Club slashes membership fee
Warehouse retailers like Costco and Sam's Club offer deep savings and buy-in-bulk products to entice shoppers.
July 9, 2024 at 2:27 PM
July 9, 2024 at 1:56 PM
Here's what Biden's uncertain future means for investors, according to experts
President Joe Biden has vowed to remain in the race amid calls to step aside. What does that mean for investors?
July 9, 2024 at 1:56 PM
July 5, 2024 at 4:31 PM
American job market slows, Delta airlines adds temporary change to menu
ABC News’ Elizabeth Schulze discusses the latest economic trends.
July 5, 2024 at 4:31 PM
July 4, 2024 at 3:27 PM
Mortgage rates increase to nearly 7%
The news comes as figures for new home and pending homes sales decreased.
July 4, 2024 at 3:27 PM
1 month ago
Walgreens reveals plans to close hundreds of stores nationwide
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.
1 month ago
1 month ago
Home prices reach a record high
Due to a lack of inventory, the median price of existing homes has increased to more than $419,000
1 month ago
1 month ago
Housing market update, Amazon goes green and McDonald’s meal deal
ABC News’ Alexis Christoforous discusses the latest economic trends.
1 month ago
1 month ago
2024 federal budget deficit projection rises to nearly $2 trillion
The new projection comes from the nonpartisan Congressional Budget Office,
1 month ago
1 month ago
2024 federal budget deficit forecast rises to nearly $2 trillion
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.
1 month ago
1 month ago
Where are the jobs for new grads now?
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.
1 month ago
1 month ago
Some states look to eliminate property taxes
An end to property taxes would help cash-strapped homeowners but some fear that may lead to an increase in sales and income tax.
1 month ago
1 month ago
Inflation eased slightly in May, outperforming economists' expectations
Consumer prices rose 3.3% over the year ending in May, data showed.
1 month ago
1 month ago
Fed holds interest rates steady at 23-year high
The decision came hours after fresh data showed a slight cooldown of inflation.
1 month ago
1 month ago
Federal Reserve announces disappointing results for consumers
The Consumer Price Index fell ahead of the Federal Reserve's decision to keep the interest rate unchanged.
1 month ago
1 month ago
New inflation report shows some relief
Plus, Boeing faces an order setback and Starbucks announces a new value menu.
1 month ago
1 month ago
New CPI data shows inflation lower than expected in May
The Federal Reserve is scheduled to announce a policy decision on interest rates.
1 month ago
1 month ago
Gas prices have fallen in US
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.
1 month ago
2 months ago
The health of the US economy
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.
2 months ago
2 months ago
US economy adds 272K jobs in May
Despite the job and wage growth, many still aren’t feeling the economic strength according to consumer sentiment surveys.
2 months ago
2 months ago
US economy exceeds expectations by adding 272,000 jobs in May
The May jobs report blew past expectations, displaying the resilience of the U.S. economy.
2 months ago
2 months ago
US economy adds more-than-expected jobs in May
The U.S. economy added 272,000 jobs in May, far surpassing economist expectations.
2 months ago
2 months ago
Jobs report blows past expectations, displaying resilient strength of US economy
The U.S. economy added 272,000 jobs in May.
2 months ago
2 months ago
Skyrocketing child care costs show how inflation could impact 2024 election
U.S. families spend an average of $11,000 on child care each year.
2 months ago
2 months ago
Controversial congestion pricing toll delayed in Manhattan
The New York City congestion pricing, which was supposed to begin at the end of the month, has now been postponed indefinitely.
2 months ago