Economy Follow the latest Economy news, videos, and analysis from ABC News.
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Jul 17, 2024, 5:02 AM
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Momentum grows for interest rate cuts in 2024. Experts explain why.
Interest rate cuts would ease stress for households saddled by expensive loans.Jul 17, 2024, 5:02 AM
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Jul 16, 2024, 8:44 AM
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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 economyJul 16, 2024, 8:44 AM
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Jul 16, 2024, 8:29 AM
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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 franchiseJul 16, 2024, 8:29 AM
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Jul 15, 2024, 12:08 AM
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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 MondayJul 15, 2024, 12:08 AM
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Jul 12, 2024, 11:04 AM
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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 yearJul 12, 2024, 11:04 AM
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Jul 10, 2024, 5:45 PM
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US inflation cools again, potentially paving way for Fed to cut interest rates soon
Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal ReserveJul 10, 2024, 5:45 PM
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Jul 11, 2024, 8:30 AM
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Inflation cooled in June, outperforming economists' expectations
Inflation has fallen significantly from its peak but remains elevated.Jul 11, 2024, 8:30 AM
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Jul 11, 2024, 8:40 AM
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Fewer Americans apply for jobless claims last week as labor market remains sturdy
Fewer Americans filed for unemployment benefits last week as the labor market remains sturdy despite high interest ratesJul 11, 2024, 8:40 AM
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Jul 9, 2024, 10:01 AM
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Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cut...Jul 9, 2024, 10:01 AM
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Jul 9, 2024, 10:23 AM
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Sam's Club slashes sign-up fee, but consider these Costco perks and savings
Warehouse retailers like Costco and Sam's Club offer deep savings and buy-in-bulk products to entice shoppers.Jul 9, 2024, 10:23 AM
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Jul 9, 2024, 9:00 AM
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What does Biden’s uncertain future mean for investors? Analysts weigh in
President Joe Biden has vowed to remain in the race amid calls to step aside. What does that mean for investors?Jul 9, 2024, 9:00 AM
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Jul 8, 2024, 7:31 AM
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The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying seasonJul 8, 2024, 7:31 AM
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Jul 3, 2024, 8:40 AM
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US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week
The number of Americans filing for unemployment benefits inched up last week, but remain at historically healthy levels despite elevated interest ratesJul 3, 2024, 8:40 AM
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Jun 19, 2024, 1:40 PM
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2024 federal budget deficit projection rises to nearly $2 trillion
The new projection comes from the nonpartisan Congressional Budget Office,Jun 19, 2024, 1:40 PM
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Jun 12, 2024, 8:30 AM
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Inflation eased slightly in May, outperforming economists' expectations
Consumer prices rose 3.3% over the year ending in May, data showed.Jun 12, 2024, 8:30 AM
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Jun 12, 2024, 2:05 PM
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Fed holds interest rates steady at 23-year high
The decision came hours after fresh data showed a slight cooldown of inflation.Jun 12, 2024, 2:05 PM
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Jun 7, 2024, 9:49 AM
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Jobs report blows past expectations, displaying resilient strength of US economy
The U.S. economy added 272,000 jobs in May.Jun 7, 2024, 9:49 AM
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Jun 6, 2024, 9:01 AM
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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.Jun 6, 2024, 9:01 AM
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May 31, 2024, 2:42 PM
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Could other fruits be added to orange juice amid orange shortages?
Orange juice may soon taste different as two top growing regions have reported smaller crop yield and higher prices.May 31, 2024, 2:42 PM
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May 31, 2024, 9:20 AM
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Child care costs are outpacing inflation: Report
KPMG's chief economist says Americans are downbeat over child care costs.May 31, 2024, 9:20 AM
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May 23, 2024, 10:01 AM
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Target, McDonald's and Wendy's announce discounts. Has a price war broken out?
The series of customer-friendly announcements isn’t a coincidence, experts said.May 23, 2024, 10:01 AM
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May 23, 2024, 8:58 AM
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Aldi stores focusing on low grocery prices this summer, CEO says
Aldi CEO Jason Hart joined "Good Morning America" live with the summer grocery price outlook.May 23, 2024, 8:58 AM
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May 15, 2024, 4:55 PM
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New inflation data could signal cheaper grocery prices, more discounts, expert says
The latest consumer price index data reveals a wider gap between food purchased at grocery stores versus takeout.May 15, 2024, 4:55 PM
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May 15, 2024, 9:13 AM
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Inflation cooled slightly in April, ending monthslong surge in prices
Consumer prices rose 3.4% in April compared to a year ago.May 15, 2024, 9:13 AM
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May 11, 2024, 5:06 AM
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Home prices are soaring. Is this another bubble?
Nearly 15 years after a housing bubble triggered the worst financial disaster since the Great Depression, some observers are saying a housing bubble may happen again.May 11, 2024, 5:06 AM
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May 8, 2024, 12:25 PM
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Is it still the economy, stupid?
In a new series, we look back at political wisdom from past campaigns.May 8, 2024, 12:25 PM
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May 6, 2024, 8:29 PM
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Starbucks sales are slumping. Is it a bellwether for the economy?
Starbucks' shares have plummeted about 17% in value since last week as sales slump.May 6, 2024, 8:29 PM
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Apr 30, 2024, 10:48 AM
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Voters don't like Biden's economy — but why?
Voters aren't happy with Biden's handling of the economy, but can't really explain why.Apr 30, 2024, 10:48 AM
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May 3, 2024, 10:41 AM
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April jobs report misses expectations, signaling a possible slowdown
U.S. employers added 175,000 jobs in April.May 3, 2024, 10:41 AM
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May 2, 2024, 3:24 PM
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Interest rates could be high for much longer. Here's what it means for your finances
The Fed held interest rates steady at a meeting this week.May 2, 2024, 3:24 PM
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May 1, 2024, 2:45 PM
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Fed holds interest rates steady at highest level since 2001
The U.S. economy has faced a months-long stretch of stubborn inflation.May 1, 2024, 2:45 PM
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Apr 26, 2024, 2:13 PM
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The US economy is cooling off. Why experts say there's no need to worry yet
The economy slowed dramatically to start 2024.Apr 26, 2024, 2:13 PM
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Apr 11, 2024, 1:29 PM
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Hot inflation likely to delay interest rate cuts. Here's what to expect
Rate cuts may not begin this year, some experts said.Apr 11, 2024, 1:29 PM
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Apr 10, 2024, 8:45 AM
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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.Apr 10, 2024, 8:45 AM
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Apr 8, 2024, 1:09 PM
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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.Apr 8, 2024, 1:09 PM
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Apr 3, 2024, 3:10 PM
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Fed Chair Jerome Powell pumps brakes on rate cuts
"We have time to let the incoming data guide our decisions," Powell said.Apr 3, 2024, 3:10 PM
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Mar 28, 2024, 12:20 PM
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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.Mar 28, 2024, 12:20 PM
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Apr 1, 2024, 10:31 AM
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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.Apr 1, 2024, 10:31 AM
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Mar 29, 2024, 12:44 PM
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Gas prices have climbed nearly 14% this year. Here's why.
Warm-weather travelers are driving up demand for gas, experts said.Mar 29, 2024, 12:44 PM
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Mar 26, 2024, 1:53 PM
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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.Mar 26, 2024, 1:53 PM
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