Economy Follow the latest Economy news, videos, and analysis from ABC News.
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Nov 20, 2024, 5:39 PM
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Federal Reserve's likely slowdown in rate cuts could disappoint borrowers
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 ratesNov 20, 2024, 5:39 PM
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Nov 18, 2024, 12:02 AM
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Brazil’s G20 summit produces a broad declaration that’s short on specifics
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 ...Nov 18, 2024, 12:02 AM
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Nov 18, 2024, 3:53 PM
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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
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Nov 16, 2024, 2:48 PM
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What to know about the congressional push to expand some Social Security benefits
The House passed legislation that would provide full benefits to millions.Nov 16, 2024, 2:48 PM
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Nov 15, 2024, 8:40 AM
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Retail sales up solidly in October as Americans showed continued willingness to spend
Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growthNov 15, 2024, 8:40 AM
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Nov 14, 2024, 4:56 PM
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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
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Nov 14, 2024, 8:38 AM
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The number of Americans filing for jobless claims falls to lowest level in 6 months
The number of Americans applying for unemployment benefits fell to the lowest level in six months last week as layoffs remain at relatively healthy levelsNov 14, 2024, 8:38 AM
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Nov 14, 2024, 8:40 AM
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US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressureNov 14, 2024, 8:40 AM
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Nov 13, 2024, 5:07 AM
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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
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Nov 8, 2024, 2:06 PM
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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
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Nov 8, 2024, 6:06 AM
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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
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Nov 6, 2024, 8:36 PM
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Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
The Federal Reserve cut its key rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this weekNov 6, 2024, 8:36 PM
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Nov 7, 2024, 2:17 PM
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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
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Nov 7, 2024, 8:39 AM
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Slightly more Americans apply for unemployment benefits last week, but layoffs remain at low levels
The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levelsNov 7, 2024, 8:39 AM
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Nov 6, 2024, 2:13 PM
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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
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Nov 5, 2024, 4:10 PM
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Stock market surges on Election Day
Major stock indexes and large tech firms showed gains on Tuesday.Nov 5, 2024, 4:10 PM
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Nov 5, 2024, 3:52 PM
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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
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Oct 31, 2024, 10:51 AM
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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
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Oct 30, 2024, 8:39 AM
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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
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Oct 25, 2024, 6:08 AM
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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
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Oct 18, 2024, 3:18 PM
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Why are gold prices hitting record highs?
Gold prices have soared more than 30% this year.Oct 18, 2024, 3:18 PM
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Oct 14, 2024, 4:29 PM
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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
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Oct 11, 2024, 1:19 PM
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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
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Oct 10, 2024, 8:30 AM
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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
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Oct 8, 2024, 5:07 AM
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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
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Oct 4, 2024, 5:01 PM
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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
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Oct 4, 2024, 12:21 PM
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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
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Oct 2, 2024, 6:11 PM
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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
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Oct 2, 2024, 2:34 PM
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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
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Sep 30, 2024, 1:10 PM
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Hurricane Helene spotlights rising prices for home and flood insurance
The storm left devastation across a vast stretch from Florida to Tennessee.Sep 30, 2024, 1:10 PM
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Sep 27, 2024, 11:44 AM
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A looming port strike could fuel inflation and cause layoffs, experts say
Tens of thousands of dockworkers are set to strike as soon as Oct. 1.Sep 27, 2024, 11:44 AM
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Sep 23, 2024, 2:00 PM
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Unemployment is low but rising quickly. Is it reason to worry?
An interest rate cut last week aimed to maintain job growth, experts said.Sep 23, 2024, 2:00 PM
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Sep 19, 2024, 3:15 PM
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Biden calls rate cut 'an important day for the country'
In remarks on Thursday at the Economic Club in Washington, President Joe Biden said the Fed's rate cut was "an important day," but stopped short of declaring victory.Sep 19, 2024, 3:15 PM
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Sep 20, 2024, 5:04 AM
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Will the Federal Reserve cut interest rates again this year?
The Fed delivered a large interest rate cut this week. Will they do it again?Sep 20, 2024, 5:04 AM
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Sep 19, 2024, 1:24 PM
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What does the Fed interest rate cut mean for mortgages and homebuyers?
The Fed delivered a jumbo-sized rate cut this week.Sep 19, 2024, 1:24 PM
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Sep 18, 2024, 2:50 PM
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Fed cuts interest rates a half point in landmark policy shift
"The time has come for policy to adjust," Fed Chair Jerome Powell said last month.Sep 18, 2024, 2:50 PM
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Sep 17, 2024, 1:23 PM
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Gas prices are plummeting. Experts explain why.
In 16 states, an average gallon of gas costs less than $3.Sep 17, 2024, 1:23 PM
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Sep 16, 2024, 5:02 AM
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What to know about a possible rate cut this week
Investors widely expect the Fed to cut interest rates at a meeting on Wednesday.Sep 16, 2024, 5:02 AM
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Sep 11, 2024, 3:24 PM
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These 2 grocery categories still cost more: Expert shares silver linings of food prices for shoppers, potential long term savings
Food at home prices increased over the last year with eggs and meat increasing at the grocery store month to month; but retailers are fighting for shopper savings.Sep 11, 2024, 3:24 PM
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Sep 11, 2024, 5:15 AM
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Inflation slowed in August, paving way for interest rate cut
The Fed is widely expected to cut interest rates next week.Sep 11, 2024, 5:15 AM
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