Economy Follow the latest Economy news, videos, and analysis from ABC News.
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Aug 12, 2024, 4:17 PM
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How did the stock market bounce back from its worst day in years?
The S&P 500 suffered its worst day since 2022. Then it recovered within days. Here's how.Aug 12, 2024, 4:17 PM
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Aug 12, 2024, 1:40 PM
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Trump wants a role in setting interest rates. Some economists say it's a bad idea
Donald Trump recently said the president should have a role in setting interest rates but some economists say that's a bad idea.Aug 12, 2024, 1:40 PM
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Aug 9, 2024, 12:38 AM
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Wall Street ends a wild and scary week almost exactly where it began. More tests loom next week
U.S. stocks closed a wild, whipsaw week for Wall Street with modest gainsAug 9, 2024, 12:38 AM
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Aug 9, 2024, 12:08 PM
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Here's why mortgage rates dropped to their lowest level in more than a year
The average rate for a 30-year fixed mortgage stands at 6.47%, data shows.Aug 9, 2024, 12:08 PM
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Aug 8, 2024, 12:02 PM
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Average rate on a 30-year mortgage falls to 6.47%, lowest level in more than a year
The average rate on a 30-year mortgage fell this week to its lowest level in more than a yearAug 8, 2024, 12:02 PM
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Aug 7, 2024, 4:06 PM
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Homeowners race to refinance as mortgage rates retreat from 23-year highs
A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly paymentsAug 7, 2024, 4:06 PM
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Aug 8, 2024, 8:40 AM
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Fewer Americans file for jobless benefits last week, but applications remain slightly elevated
The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levelsAug 8, 2024, 8:40 AM
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Aug 8, 2024, 5:17 AM
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What is Tim Walz's record on the economy? Look at Minnesota
Minnesota Gov. Tim Walz has backed labor protections and raised taxes on some corporations.Aug 8, 2024, 5:17 AM
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Aug 7, 2024, 12:29 PM
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What could the economic slowdown mean for the election?
Recent market turmoil won't matter but a downturn could, experts said.Aug 7, 2024, 12:29 PM
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Aug 6, 2024, 12:44 PM
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Stock prices seesaw as turbulence roils markets. How should investors respond?
The S&P 500 suffered its worst trading day since 2022. Then it rebounded.Aug 6, 2024, 12:44 PM
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Aug 6, 2024, 1:47 AM
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Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices
Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economyAug 6, 2024, 1:47 AM
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Aug 5, 2024, 3:39 PM
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The US economy has defied recession forecasts for years. Is this time different?
A market selloff on Monday came amid worries of a possible economic downturn.Aug 5, 2024, 3:39 PM
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Aug 1, 2024, 1:15 PM
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US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears
The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month in a sign that higher interest rates may be taking a bigger toll on businesses and consumersAug 1, 2024, 1:15 PM
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Aug 1, 2024, 8:41 AM
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The number of Americans filing for jobless claims hits highest level in a year
The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthyAug 1, 2024, 8:41 AM
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Jul 31, 2024, 2:49 PM
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Fed holds interest rates steady, but cut expected soon
Interest rates stand at a 23-year high.Jul 31, 2024, 2:49 PM
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Jul 31, 2024, 8:41 AM
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Paychecks grew more slowly this spring, a sign inflation may keep cooling
Pay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal ReserveJul 31, 2024, 8:41 AM
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Jul 25, 2024, 8:36 AM
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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.Jul 25, 2024, 8:36 AM
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Jul 22, 2024, 9:07 AM
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Families, friends shop and split with 'bulk sharing' to save money on groceries
Friends and family members are saving money on groceries by buying groceries in bulk together and splitting the cost.Jul 22, 2024, 9:07 AM
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Jul 20, 2024, 6:56 AM
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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.Jul 20, 2024, 6:56 AM
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Jul 18, 2024, 9:06 AM
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Republicans at RNC blame Biden for inflation. Economists say it's misleading
A pandemic-era supply bottleneck is the main culprit, economists said.Jul 18, 2024, 9:06 AM
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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 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 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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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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