Follow the latest Economy news, videos, and analysis from ABC News.
November 21, 2024 at 2:46 PM
US applications for jobless benefits fall to 213,000, remaining near 7-month lows
The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows
November 21, 2024 at 2:46 PM
November 21, 2024 at 12:38 PM
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 rates
November 21, 2024 at 12:38 PM
November 19, 2024 at 1:34 AM
Brazil hosts G20 with wars, Trump return in the background and focus on poverty fight
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 ...
November 19, 2024 at 1:34 AM
November 19, 2024 at 12:44 AM
How will the economy look under Trump 2.0?
From tariffs to tax cuts, ABC News’ Max Zahn explains what the president-elect’s proposed policies mean for the economy.
November 19, 2024 at 12:44 AM
November 18, 2024 at 11:01 PM
Trump's proposed tariffs would raise prices for these products, experts say
“This will directly impact people’s pocketbooks,” one expert said.
November 18, 2024 at 11:01 PM
November 18, 2024 at 3:50 PM
Biden attends G20 after historic trip to Amazon rainforest
ABC News’ Alex Presha is traveling with Biden for his final lap as president on the world stage.
November 18, 2024 at 3:50 PM
November 16, 2024 at 8:46 PM
What to know about the congressional push to expand Social Security benefits
The House has passed legislation that would provide full Social Security benefits to millions of people
November 16, 2024 at 8:46 PM
November 15, 2024 at 10:30 PM
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 growth
November 15, 2024 at 10:30 PM
November 14, 2024 at 11:28 PM
Credit card rates have barely budged, despite interest rate cuts. Here's why
Credit card interest rates stand near a record high.
November 14, 2024 at 11:28 PM
November 14, 2024 at 9:55 PM
Why credit card rates remain high, even after interest rate cuts
Credit card debt has climbed 8% higher than where it stood a year ago, even while interest rates are dropping.
November 14, 2024 at 9:55 PM
November 14, 2024 at 5:18 PM
Number of Americans filing for unemployment 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 levels
November 14, 2024 at 5:18 PM
November 14, 2024 at 2:14 PM
US wholesale inflation picks up slightly in sign that some 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 pressure
November 14, 2024 at 2:14 PM
November 13, 2024 at 10:26 PM
Latest monthly inflation report released
"GMA" looks at a key inflation report: the October Consumer Price Index, showing consumer prices rose 2.6% from one year ago.
November 13, 2024 at 10:26 PM
November 13, 2024 at 5:19 PM
New inflation data shows increase, days after election
Inflation accelerated in October, snapping a streak of six consecutive months of cooling inflation.
November 13, 2024 at 5:19 PM
November 13, 2024 at 4:18 PM
Inflation accelerated in October, offering 1st look at prices since election
ABC News’ Alexis Christoforous breaks down the latest figures for core inflation, as well as food and consumer prices for October.
November 13, 2024 at 4:18 PM
November 9, 2024 at 12:14 AM
Fed chair says he would not quit if Trump asked for his resignation
Jerome Powell, chairman of the Federal Reserve, said he has no near-term plans to change policy despite Trump reentering office in January.
November 9, 2024 at 12:14 AM
November 8, 2024 at 8:47 PM
Federal Reserve cuts interest rates by a quarter-point
ABC News business reporter Alexis Christoforous breaks down the latest on the Federal Reserve’s cut to interest rates by a quarter-point.
November 8, 2024 at 8:47 PM
November 8, 2024 at 7:10 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.
November 8, 2024 at 7:10 PM
November 8, 2024 at 11:22 AM
Why inflation helped tip the election toward Trump, according to experts
Inflation has helped fuel a global backlash toward incumbents, experts say.
November 8, 2024 at 11:22 AM
November 7, 2024 at 10:54 PM
Federal Reserve is set to cut interest rates again as post-election uncertainty grows
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 week
November 7, 2024 at 10:54 PM
November 7, 2024 at 8:01 PM
Federal Reserve cuts interest rates by quarter-point
The Federal Reserve on Thursday announced a quarter-point rate cut, setting the path for borrowing costs two days after the victory of President-Elect Donald Trump.
November 7, 2024 at 8:01 PM
November 7, 2024 at 7:56 PM
Fed cuts interest rates days after election
The Fed cut interest rates by a quarter of a percentage point.
November 7, 2024 at 7:56 PM
November 7, 2024 at 6:22 PM
Slightly more Americans apply for unemployment last week; layoffs remain low
The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels
November 7, 2024 at 6:22 PM
November 7, 2024 at 4:00 PM
Fed expected to cut interest rates days after election
The Federal Open Market Committee (FOMC), a policymaking body at the Fed, has forecast further interest rate cuts.
November 7, 2024 at 4:00 PM
November 6, 2024 at 10:14 PM
Trump's proposed economic polices could raise prices on goods
President-elect Donald Trump’s proposed policies on tariffs and deportation could mean Americans will face worsening inflation.
November 6, 2024 at 10:14 PM
November 6, 2024 at 8:41 PM
Inflation's role in the presidential election results
The economy was one of the key issues that drove people to the polls.
November 6, 2024 at 8:41 PM
November 6, 2024 at 8:21 PM
Here's why some economists expect Trump's policies to worsen inflation
Expanded tariffs and mass deportation would raise prices, experts say.
November 6, 2024 at 8:21 PM
November 6, 2024 at 4:25 PM
What a Trump win means for the economy
ABC News’ Rebecca Jarvis examines how economics played a part in leading Trump into an election win.
November 6, 2024 at 4:25 PM
November 6, 2024 at 12:55 PM
Economy top of mind for 2024 voters
The economy was the top issue for voters in the 2024 election, with almost half of those polled saying they are worse off than they were four years ago.
November 6, 2024 at 12:55 PM
November 6, 2024 at 12:36 AM
Gas prices near their lowest point of the year.
The national average has fallen to $3.10 for a gallon of gas, with 24 states now below $3.
November 6, 2024 at 12:36 AM
November 5, 2024 at 11:01 PM
Texas voters weigh immigration and economy as top issues
ABC News’ John Quiñones reports on which election issues are most important to voters in Texas.
November 5, 2024 at 11:01 PM
November 5, 2024 at 9:16 PM
Stock market surges on Election Day
Major stock indexes and large tech firms showed gains on Tuesday.
November 5, 2024 at 9:16 PM
November 5, 2024 at 9:03 PM
Where the economy stands on Election Day
Consumer prices rose 2.4% in September compared to a year ago, according to the latest data released by the U.S. Bureau of Labor Statistics.
November 5, 2024 at 9:03 PM
November 5, 2024 at 8:54 PM
By the numbers: Where the economy stands on Election Day
The economy tops surveys of voters' most important issues.
November 5, 2024 at 8:54 PM
November 1, 2024 at 2:48 PM
Disappointing 12,000 jobs added in October
Hurricanes Helene and Milton along with the Boeing strike contributed to the weaker numbers, but the unemployment rate remains at 4.1%, matching the September rate and remaining historically low.
November 1, 2024 at 2:48 PM
November 1, 2024 at 2:01 PM
Jobs report shows ‘overall picture of the economy remains unchanged’: White House
Acting Labor Secretary Julie Su talks to ABC News’ Elizabeth Schulze about the latest jobs report.
November 1, 2024 at 2:01 PM
November 1, 2024 at 1:57 PM
US economy adds 12,000 jobs in October, unemployment rate remains at 4.1%
Hiring slowed in October, but fallout from hurricanes and labor strikes likely caused an undercount of the nation’s workers.
November 1, 2024 at 1:57 PM
October 31, 2024 at 7:48 PM
A look at Trump and Harris’ plans for the economy
ABC News’ Alexis Christoforous looks at both candidates' plans for the economy and breaks it down for you and your wallet.
October 31, 2024 at 7:48 PM
October 31, 2024 at 3:44 PM
Could a Trump presidency damage both democracy and the economy? Experts weigh in
Trump could damage the economy, experts say, if he makes good on threats to prosecute political rivals, including Kamala Harris.
October 31, 2024 at 3:44 PM
October 30, 2024 at 8:41 PM
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.
October 30, 2024 at 8:41 PM
October 30, 2024 at 3:30 PM
US economy grew at robust pace in third quarter
Chair of the National Council of Economic Advisers Jared Bernstein joins ABC News Live with more.
October 30, 2024 at 3:30 PM
1 month ago
Why some experts believe we are in a second Gilded Age
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.
1 month ago
1 month ago
Former FDIC chair unpacks the Fed’s rate cuts, economy as a whole
ABC News’ Linsey Davis speaks with former FDIC chair Sheila Bair to unpack how the economy has responded to the Fed’s rate cut last month and concerns for the months ahead.
1 month ago
1 month ago
2025 federal income tax brackets announced by IRS
The Internal Revenue Service announced increases in standard deductions as well as changes to certain tax breaks.
1 month ago
1 month ago
How to cut entertaining costs during the holidays
Courtney Mason of lifestyle website The Spruce shares tips on how to spend less and save more this holiday season.
1 month ago
1 month ago
Mortgage rates climbing despite rate cuts
ABC's Alexis Christoforous reports on the latest housing market as mortgage rates continue climbing, even after the Federal Reserve cut interest rates.
1 month ago
1 month ago
Gold prices are hitting record highs. Here's why.
Since the beginning of 2024, the price of gold has soared about 32%.
1 month ago
1 month ago
Why are gold prices hitting record highs?
Gold prices have soared more than 30% this year.
1 month ago
1 month ago
Student loan debt relief hits major milestone
Under Secretary of Education James Kvaal discusses the program’s changing course and how more than a million public workers are now free from student loan debt.
1 month ago
1 month ago
By the Numbers: Pandemic-era car loans put people underwater
Pandemic-era car buyers had to shell out big bucks for both new and used vehicles because of dips in inventory, and today increasingly find themselves owing more in loans than their car is worth.
1 month ago