Economy News & Videos

Dec 20, 2024, 8:39 AM

Federal Reserve's preferred inflation gauge shows price pressures eased last month
An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains

Dec 20, 2024, 8:39 AM

Dec 19, 2024, 4:05 PM

What is the debt ceiling, and is Trump right that a default 'could mean nothing'?
The reality is that a U.S. government default would be unprecedented, and many experts have said it would likely lead to economic chaos.

Dec 19, 2024, 4:05 PM

Dec 19, 2024, 8:35 AM

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate

Dec 19, 2024, 8:35 AM

Dec 19, 2024, 8:39 AM

US applications for unemployment benefits come back down after last week's big rise
The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before

Dec 19, 2024, 8:39 AM

Dec 17, 2024, 11:32 PM

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation

Dec 17, 2024, 11:32 PM

Dec 18, 2024, 4:30 PM

Fed cuts interest rates, delivering relief for borrowers at last meeting before Trump takes office
The rate decision follows two consecutive months of rising inflation.

Dec 18, 2024, 4:30 PM

Dec 17, 2024, 8:38 AM

Retail sales rose at healthy pace last month in latest sign of US economy's health
Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season

Dec 17, 2024, 8:38 AM

Dec 16, 2024, 12:54 PM

Interest rate cuts may pause soon, experts say. Here's why
Stubborn inflation in recent months has reversed progress earlier this year.

Dec 16, 2024, 12:54 PM

Dec 15, 2024, 3:50 PM

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting

Dec 15, 2024, 3:50 PM

Dec 13, 2024, 12:07 PM

Trump now says bringing down grocery prices, as he promised, will be 'very hard'
President-elect Donald Trump campaigned relentlessly on grocery prices in the 2024 race. Now, he says lowering costs will be "very hard."

Dec 13, 2024, 12:07 PM

Dec 12, 2024, 12:49 PM

Fed expected to cut interest rates despite rising inflation. Here's why
Inflation has fallen dramatically from its peak but ticked up this fall.

Dec 12, 2024, 12:49 PM

Dec 12, 2024, 9:32 AM

Overdraft fees could be capped at $5 under new federal rule
Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer Financial Protection Bureau.

Dec 12, 2024, 9:32 AM

Dec 12, 2024, 8:39 AM

US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago

Dec 12, 2024, 8:39 AM

Dec 11, 2024, 8:30 AM

Inflation increased in November, complicating Fed's next rate decision
Inflation has fallen dramatically but remains above the Fed's target rate.

Dec 11, 2024, 8:30 AM

Dec 9, 2024, 3:45 PM

Syria's revolution could impact US gas prices. Here's how.
Oil prices climbed 2% on Monday in the wake of the defeat of the Assad regime.

Dec 9, 2024, 3:45 PM

Dec 6, 2024, 8:30 AM

Jobs report shows hiring surge as Fed weighs interest rate cut
The fresh data marks the first jobs report since the election of Trump.

Dec 6, 2024, 8:30 AM

Dec 2, 2024, 4:09 PM

What to know about the Smoot-Hawley tariffs and what their legacy means for Trump
The measure helped worsen the Great Depression, experts said.

Dec 2, 2024, 4:09 PM

Nov 26, 2024, 12:41 PM

Trump's tariff plan could raise prices, blow up his own trade deal with Mexico and 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.

Nov 26, 2024, 12:41 PM

Nov 21, 2024, 5:34 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.

Nov 21, 2024, 5:34 PM

Nov 18, 2024, 3:53 PM

Trump's proposed tariffs would raise prices for these products, experts say
“This will directly impact people’s pocketbooks,” one expert said.

Nov 18, 2024, 3:53 PM

Nov 14, 2024, 4:56 PM

Why credit card rates remain high, even after interest rate cuts
Credit card interest rates stand near a record high.

Nov 14, 2024, 4:56 PM

Nov 13, 2024, 5:07 AM

Inflation accelerated in October, offering first look at prices since election
Inflation accelerated in October, snapping a streak of six consecutive months of cooling inflation.

Nov 13, 2024, 5:07 AM

Nov 8, 2024, 2:06 PM

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.

Nov 8, 2024, 2:06 PM

Nov 8, 2024, 6:06 AM

Why inflation helped tip the election toward Trump, according to experts
Inflation has helped fuel a global backlash toward incumbents, experts say.

Nov 8, 2024, 6:06 AM

Nov 7, 2024, 2:17 PM

Federal Reserve cuts interest rates, days after election of Trump
The Fed cut interest rates by a quarter of a percentage point.

Nov 7, 2024, 2:17 PM

Nov 6, 2024, 2:13 PM

Voters voiced frustration over inflation. Some economists expect Trump's policies to worsen it.
Expanded tariffs and mass deportation would raise prices, experts say.

Nov 6, 2024, 2:13 PM

Nov 5, 2024, 4:10 PM

Stock market surges on Election Day
Major stock indexes and large tech firms showed gains on Tuesday.

Nov 5, 2024, 4:10 PM

Nov 5, 2024, 3:52 PM

By the numbers: Where the economy stands on Election Day
The economy tops surveys of voters' most important issues.

Nov 5, 2024, 3:52 PM

Oct 31, 2024, 10:51 AM

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

Oct 31, 2024, 10:51 AM

Oct 30, 2024, 8:39 AM

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.

Oct 30, 2024, 8:39 AM

Oct 25, 2024, 6:08 AM

We are in a second Gilded Age, some experts say
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.

Oct 25, 2024, 6:08 AM

Oct 18, 2024, 3:18 PM

Why are gold prices hitting record highs?
Gold prices have soared more than 30% this year.

Oct 18, 2024, 3:18 PM

Oct 14, 2024, 4:29 PM

Where does inflation stand in the swing-state cities that could decide the election?
Inflation has returned to normal but varies widely in major swing-state cities.

Oct 14, 2024, 4:29 PM

Oct 11, 2024, 1:19 PM

How inflation largely came back to normal, according to experts
Price increases are hovering right near the Fed's target rate of 2%.

Oct 11, 2024, 1:19 PM

Oct 10, 2024, 8:30 AM

Inflation continued to cool as election nears
Consumer prices rose 2.4% over a year ending in September, data showed.

Oct 10, 2024, 8:30 AM

Oct 8, 2024, 5:07 AM

Inflation has returned to normal. What does that mean for the election?
Inflation has fallen dramatically but remains a top concern for voters.

Oct 8, 2024, 5:07 AM

Oct 4, 2024, 5:01 PM

Biden takes a victory lap on economy in surprise visit to White House briefing room
President Joe Biden chose to come to the briefing room for the first time just months before the end of his presidency to tout recent economic wins.

Oct 4, 2024, 5:01 PM

Oct 4, 2024, 12:21 PM

Blockbuster jobs report paves way for US economy to avoid recession in 'soft landing,' experts say
The U.S. economy added 254,000 jobs in September, fresh data showed.

Oct 4, 2024, 12:21 PM

Oct 2, 2024, 6:11 PM

Dockworkers hit picket lines in historic US port strike that could impact prices
Tens of thousands of dockworkers are set to strike on Tuesday morning.

Oct 2, 2024, 6:11 PM

Oct 2, 2024, 2:34 PM

Trump and Harris both want a manufacturing boom. They have very different plans for doing it.
Manufacturing accounts for about 10% of U.S. gross domestic product.

Oct 2, 2024, 2:34 PM

ABCNews

Economy Follow the latest Economy news, videos, and analysis from ABC News.

Federal Reserve's preferred inflation gauge shows price pressures eased last month
An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains

Dec 20, 2024, 8:39 AM

What is the debt ceiling, and is Trump right that a default 'could mean nothing'?
The reality is that a U.S. government default would be unprecedented, and many experts have said it would likely lead to economic chaos.

Dec 19, 2024, 4:05 PM

US applications for unemployment benefits come back down after last week's big rise
The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before

Dec 19, 2024, 8:39 AM

Fed cuts interest rates, delivering relief for borrowers at last meeting before Trump takes office
The rate decision follows two consecutive months of rising inflation.

Dec 18, 2024, 4:30 PM

Retail sales rose at healthy pace last month in latest sign of US economy's health
Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season

Dec 17, 2024, 8:38 AM

Interest rate cuts may pause soon, experts say. Here's why
Stubborn inflation in recent months has reversed progress earlier this year.

Dec 16, 2024, 12:54 PM

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting

Dec 15, 2024, 3:50 PM

Trump now says bringing down grocery prices, as he promised, will be 'very hard'
President-elect Donald Trump campaigned relentlessly on grocery prices in the 2024 race. Now, he says lowering costs will be "very hard."

Dec 13, 2024, 12:07 PM

Fed expected to cut interest rates despite rising inflation. Here's why
Inflation has fallen dramatically from its peak but ticked up this fall.

Dec 12, 2024, 12:49 PM

Overdraft fees could be capped at $5 under new federal rule
Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer Financial Protection Bureau.

Dec 12, 2024, 9:32 AM

Inflation increased in November, complicating Fed's next rate decision
Inflation has fallen dramatically but remains above the Fed's target rate.

Dec 11, 2024, 8:30 AM

Syria's revolution could impact US gas prices. Here's how.
Oil prices climbed 2% on Monday in the wake of the defeat of the Assad regime.

Dec 9, 2024, 3:45 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.

Dec 6, 2024, 8:30 AM

What to know about the Smoot-Hawley tariffs and what their legacy means for Trump
The measure helped worsen the Great Depression, experts said.

Dec 2, 2024, 4:09 PM

Trump's tariff plan could raise prices, blow up his own trade deal with Mexico and 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.

Nov 26, 2024, 12:41 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.

Nov 21, 2024, 5:34 PM

Trump's proposed tariffs would raise prices for these products, experts say
“This will directly impact people’s pocketbooks,” one expert said.

Nov 18, 2024, 3:53 PM

Why credit card rates remain high, even after interest rate cuts
Credit card interest rates stand near a record high.

Nov 14, 2024, 4:56 PM

Inflation accelerated in October, offering first look at prices since election
Inflation accelerated in October, snapping a streak of six consecutive months of cooling inflation.

Nov 13, 2024, 5:07 AM

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.

Nov 8, 2024, 2:06 PM

Why inflation helped tip the election toward Trump, according to experts
Inflation has helped fuel a global backlash toward incumbents, experts say.

Nov 8, 2024, 6:06 AM

Federal Reserve cuts interest rates, days after election of Trump
The Fed cut interest rates by a quarter of a percentage point.

Nov 7, 2024, 2:17 PM

Voters voiced frustration over inflation. Some economists expect Trump's policies to worsen it.
Expanded tariffs and mass deportation would raise prices, experts say.

Nov 6, 2024, 2:13 PM

Stock market surges on Election Day
Major stock indexes and large tech firms showed gains on Tuesday.

Nov 5, 2024, 4:10 PM

By the numbers: Where the economy stands on Election Day
The economy tops surveys of voters' most important issues.

Nov 5, 2024, 3:52 PM

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

Oct 31, 2024, 10:51 AM

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.

Oct 30, 2024, 8:39 AM

We are in a second Gilded Age, some experts say
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.

Oct 25, 2024, 6:08 AM

Why are gold prices hitting record highs?
Gold prices have soared more than 30% this year.

Oct 18, 2024, 3:18 PM

Where does inflation stand in the swing-state cities that could decide the election?
Inflation has returned to normal but varies widely in major swing-state cities.

Oct 14, 2024, 4:29 PM

How inflation largely came back to normal, according to experts
Price increases are hovering right near the Fed's target rate of 2%.

Oct 11, 2024, 1:19 PM

Inflation continued to cool as election nears
Consumer prices rose 2.4% over a year ending in September, data showed.

Oct 10, 2024, 8:30 AM

Inflation has returned to normal. What does that mean for the election?
Inflation has fallen dramatically but remains a top concern for voters.

Oct 8, 2024, 5:07 AM

Biden takes a victory lap on economy in surprise visit to White House briefing room
President Joe Biden chose to come to the briefing room for the first time just months before the end of his presidency to tout recent economic wins.

Oct 4, 2024, 5:01 PM

Blockbuster jobs report paves way for US economy to avoid recession in 'soft landing,' experts say
The U.S. economy added 254,000 jobs in September, fresh data showed.

Oct 4, 2024, 12:21 PM

Dockworkers hit picket lines in historic US port strike that could impact prices
Tens of thousands of dockworkers are set to strike on Tuesday morning.

Oct 2, 2024, 6:11 PM

Trump and Harris both want a manufacturing boom. They have very different plans for doing it.
Manufacturing accounts for about 10% of U.S. gross domestic product.

Oct 2, 2024, 2:34 PM

Recent Topics

Economy Follow the latest Economy news, videos, and analysis from ABC News.

Federal Reserve's preferred inflation gauge shows price pressures eased last month An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains Dec 20, 2024, 8:39 AM

What is the debt ceiling, and is Trump right that a default 'could mean nothing'? The reality is that a U.S. government default would be unprecedented, and many experts have said it would likely lead to economic chaos. Dec 19, 2024, 4:05 PM

US applications for unemployment benefits come back down after last week's big rise The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before Dec 19, 2024, 8:39 AM

Fed cuts interest rates, delivering relief for borrowers at last meeting before Trump takes office The rate decision follows two consecutive months of rising inflation. Dec 18, 2024, 4:30 PM

Retail sales rose at healthy pace last month in latest sign of US economy's health Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season Dec 17, 2024, 8:38 AM

Interest rate cuts may pause soon, experts say. Here's why Stubborn inflation in recent months has reversed progress earlier this year. Dec 16, 2024, 12:54 PM

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting Dec 15, 2024, 3:50 PM

Trump now says bringing down grocery prices, as he promised, will be 'very hard' President-elect Donald Trump campaigned relentlessly on grocery prices in the 2024 race. Now, he says lowering costs will be "very hard." Dec 13, 2024, 12:07 PM

Fed expected to cut interest rates despite rising inflation. Here's why Inflation has fallen dramatically from its peak but ticked up this fall. Dec 12, 2024, 12:49 PM

Overdraft fees could be capped at $5 under new federal rule Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer Financial Protection Bureau. Dec 12, 2024, 9:32 AM

Inflation increased in November, complicating Fed's next rate decision Inflation has fallen dramatically but remains above the Fed's target rate. Dec 11, 2024, 8:30 AM

Syria's revolution could impact US gas prices. Here's how. Oil prices climbed 2% on Monday in the wake of the defeat of the Assad regime. Dec 9, 2024, 3:45 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. Dec 6, 2024, 8:30 AM

What to know about the Smoot-Hawley tariffs and what their legacy means for Trump The measure helped worsen the Great Depression, experts said. Dec 2, 2024, 4:09 PM

Trump's tariff plan could raise prices, blow up his own trade deal with Mexico and 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. Nov 26, 2024, 12:41 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. Nov 21, 2024, 5:34 PM

Trump's proposed tariffs would raise prices for these products, experts say “This will directly impact people’s pocketbooks,” one expert said. Nov 18, 2024, 3:53 PM

Why credit card rates remain high, even after interest rate cuts Credit card interest rates stand near a record high. Nov 14, 2024, 4:56 PM

Inflation accelerated in October, offering first look at prices since election Inflation accelerated in October, snapping a streak of six consecutive months of cooling inflation. Nov 13, 2024, 5:07 AM

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. Nov 8, 2024, 2:06 PM

Why inflation helped tip the election toward Trump, according to experts Inflation has helped fuel a global backlash toward incumbents, experts say. Nov 8, 2024, 6:06 AM

Federal Reserve cuts interest rates, days after election of Trump The Fed cut interest rates by a quarter of a percentage point. Nov 7, 2024, 2:17 PM

Voters voiced frustration over inflation. Some economists expect Trump's policies to worsen it. Expanded tariffs and mass deportation would raise prices, experts say. Nov 6, 2024, 2:13 PM

Stock market surges on Election Day Major stock indexes and large tech firms showed gains on Tuesday. Nov 5, 2024, 4:10 PM

By the numbers: Where the economy stands on Election Day The economy tops surveys of voters' most important issues. Nov 5, 2024, 3:52 PM

Trump presidency could damage economy if he weakens democracy, experts say Trump could damage the economy, experts say, if he makes good on threats to prosecute political rivals, including Kamala Harris. Oct 31, 2024, 10:51 AM

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. Oct 30, 2024, 8:39 AM

We are in a second Gilded Age, some experts say 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. Oct 25, 2024, 6:08 AM

Why are gold prices hitting record highs? Gold prices have soared more than 30% this year. Oct 18, 2024, 3:18 PM

Where does inflation stand in the swing-state cities that could decide the election? Inflation has returned to normal but varies widely in major swing-state cities. Oct 14, 2024, 4:29 PM

How inflation largely came back to normal, according to experts Price increases are hovering right near the Fed's target rate of 2%. Oct 11, 2024, 1:19 PM

Inflation continued to cool as election nears Consumer prices rose 2.4% over a year ending in September, data showed. Oct 10, 2024, 8:30 AM

Inflation has returned to normal. What does that mean for the election? Inflation has fallen dramatically but remains a top concern for voters. Oct 8, 2024, 5:07 AM

Biden takes a victory lap on economy in surprise visit to White House briefing room President Joe Biden chose to come to the briefing room for the first time just months before the end of his presidency to tout recent economic wins. Oct 4, 2024, 5:01 PM

Blockbuster jobs report paves way for US economy to avoid recession in 'soft landing,' experts say The U.S. economy added 254,000 jobs in September, fresh data showed. Oct 4, 2024, 12:21 PM

Dockworkers hit picket lines in historic US port strike that could impact prices Tens of thousands of dockworkers are set to strike on Tuesday morning. Oct 2, 2024, 6:11 PM

Trump and Harris both want a manufacturing boom. They have very different plans for doing it. Manufacturing accounts for about 10% of U.S. gross domestic product. Oct 2, 2024, 2:34 PM