Economy Follow the latest Economy news, videos, and analysis from ABC News.
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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 12, 2024, 12:04 AM
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Data shows migrants aren’t taking jobs from Black or Hispanic people, despite what Trump says
Republican presidential nominee Donald Trump promises the biggest deportation event the U.S. has ever seen if he is electedOct 12, 2024, 12:04 AM
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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 11, 2024, 8:42 AM
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Wholesale inflation remained cool last month in latest sign that price pressures are slowing
Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake of COVID-19Oct 11, 2024, 8:42 AM
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Oct 10, 2024, 8:42 AM
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US jobless claims hit 258,000, the most in a year. Analysts point to Hurricane Helene, Boeing strike
The number of Americans filing for unemployment benefits last week jumped to its highest level in a year, which analysts are saying is more likely a result of Hurricane Helene — and the Boeing strike — than a broader softening in the labor marketOct 10, 2024, 8:42 AM
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Oct 10, 2024, 12:07 AM
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Social Security recipients will get a 2.5% cost-of-living boost in 2025, smaller than in recent past
Millions of retirees who receive Social Security benefits will see a 2.5% cost-of-living increase to their monthly checks beginning in JanuaryOct 10, 2024, 12:07 AM
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Oct 10, 2024, 12:00 PM
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Average US 30-year mortgage rate surges to 6.32%, adding pressure to buyers facing high home prices
The average rate on a 30-year mortgage in the U.S. surged to 6.32% this week, adding pressure on home buyers facing sky-high prices and a limited supply of houses for saleOct 10, 2024, 12:00 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 7, 2024, 12:06 AM
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New analysis suggests national debt could increase under Harris, but it would surge under Trump
No one is likely to be happy with projected higher deficits new analysis finds.Oct 7, 2024, 12:06 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 3, 2024, 8:38 AM
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More Americans file for unemployment benefits last week, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose modestly last week but remains at healthy levelsOct 3, 2024, 8:38 AM
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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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Oct 1, 2024, 5:06 AM
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Inflation in Europe falls below 2% and opens the way for faster rate cuts
Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank’s target of 2% for the first time in more than three yearsOct 1, 2024, 5:06 AM
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Sep 30, 2024, 2:01 PM
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Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts coming
Powell has signaled that more rate cuts are in the pipeline.Sep 30, 2024, 2:01 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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Sep 6, 2024, 8:36 AM
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Slowing but steady job market reported in August
The U.S. added 142,000 jobs in August, according to the latest jobs report.Sep 6, 2024, 8:36 AM
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Aug 26, 2024, 1:06 PM
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How much will the Fed cut interest rates? Experts weigh in
"The time has come" for a shift toward rate cuts, Fed Chair Jerome Powell said. But how much will rates go down?Aug 26, 2024, 1:06 PM
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Aug 23, 2024, 10:23 AM
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Fed Chair Powell says 'time has come' for shift toward interest rate cuts
The Fed is widely expected to cut rates at its next meeting in September.Aug 23, 2024, 10:23 AM
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Aug 22, 2024, 5:42 PM
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How a Canadian rail shutdown could worsen US inflation
Two major Canadian freight rail companies locked out thousands of workers on Thursday, shutting down cross-border shipping routes.Aug 22, 2024, 5:42 PM
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Aug 21, 2024, 1:35 PM
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DNC speakers claim Biden inherited economy in disarray. Economists say it's more complicated.
Economy was no longer in recession but Biden advanced recovery, experts said.Aug 21, 2024, 1:35 PM
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Aug 20, 2024, 8:45 PM
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FTC ban on worker noncompete agreements blocked by federal judge
An estimated 30 million Americans -- 1 out of every 5 workers -- are employed with noncompete agreements in industries ranging from tech to fast food.Aug 20, 2024, 8:45 PM
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Aug 19, 2024, 3:51 PM
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Harris plans to tackle inflation. Economists say the fight is nearly over.
Inflation stands below 3% for the first time since 2021.Aug 19, 2024, 3:51 PM
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Aug 16, 2024, 4:12 PM
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Harris unveils economic plans on inflation, housing. Here's what economists think
Proposals include a ban on grocery price gouging and subsidy for homebuyers.Aug 16, 2024, 4:12 PM
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Aug 16, 2024, 9:08 AM
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Harris to propose ban on grocery price gouging. Would it cool inflation?
Economists who spoke to ABC News disagreed sharply over the measure.Aug 16, 2024, 9:08 AM
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Aug 14, 2024, 3:48 PM
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Egg prices continue to soar by nearly 20%, new inflation data shows
Consumer prices on rice, flour and fish fell compared to last July, but new inflation data showed the same cannot be said for eggs, which rose by 19% year over year.Aug 14, 2024, 3:48 PM
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Aug 14, 2024, 8:30 AM
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Inflation cooled in July, reaching lowest level since March 2021
Price increases have slowed significantly, but remain above the Fed's target.Aug 14, 2024, 8:30 AM
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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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