Economy
Follow the latest Economy news, videos, and analysis from ABC News.
April 1, 2025 at 8:33 PM

'We will respond': Canada vows retaliatory tariffs if Trump escalates trade war

Trump says he'll unveil new tariffs April 2, which he dubbed "Liberation Day."
April 1, 2025 at 8:33 PM
Liberal leader Mark Carney speaks during a campaign stop, April 1, 2025, in Winnipeg, Canada.
April 1, 2025 at 2:32 PM

Trump tariffs bring ‘rising’ chance for recession: Analyst

Bankrate chief financial analyst Greg McBride explains the impact of President Donald Trump’s tariffs on businesses, consumers and the stock market.
April 1, 2025 at 2:32 PM
VIDEO: Trump tariffs bring ‘rising’ chance for recession: Analyst
April 1, 2025 at 12:35 PM

Stocks swing in reaction to Trump tariffs

ABC News’ Rebecca Jarvis reports on the uncertainty on Wall Street amid President Donald Trump’s recent tariff announcements and as a number of economists increase the chances of a recession.
April 1, 2025 at 12:35 PM
VIDEO: Stocks swing in reaction to Trump tariffs
March 31, 2025 at 9:12 PM

'Liberation day' may lead to a recession, experts say. Here's why.

Trump is set to unveil tariffs on April 2, which he has dubbed "liberation day."
March 31, 2025 at 9:12 PM
Stacks of lumber are stamped 'Made In USA' and available for sale at Home Depot, Mar. 3, 2025 in Pasadena, Calif.
March 31, 2025 at 8:46 PM

Dow and S&P 500 close up, Nasdaq falls as Trump's 'Liberation Day' tariffs loom

Over the weekend, Trump said new tariffs would impact "all countries."
March 31, 2025 at 8:46 PM
A currency trader walks by screens showing the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, on March 31, 2025.
March 31, 2025 at 2:01 PM

Trump tariffs a ‘big negative’ for consumers: Economist

Chief economist of Moody’s Analytics Mark Zandi discusses the potential impact of the expected introduction of President Donald Trump's sweeping tariffs on Wednesday.
March 31, 2025 at 2:01 PM
VIDEO: Trump tariffs a ‘big negative’ for consumers: Economist
March 28, 2025 at 10:39 PM

Inflation held steady in February, according to Fed's preferred gauge

ABC News’ Alexis Christoforous reports on the fresh data, which arrives little more than a week after the Fed opted to leave interest rates unchanged.
March 28, 2025 at 10:39 PM
VIDEO: Inflation held steady in February, according to Fed's preferred gauge
March 27, 2025 at 4:33 PM

Average US rate for 30-year mortgage falls slightly to 6.65% after rising for 2 weeks

The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is traditionally the busiest time of the year for the housing market
March 27, 2025 at 4:33 PM
FILE - A for sale sign stands outside a home on the market in the Alamo Placita neighborhood Tuesday, Aug. 27, 2024, in central Denver. (AP Photo/David Zalubowski, File)
March 27, 2025 at 1:02 PM

U.S. economy grew 2.4% in the 4th quarter after upgrade from earlier estimate

The U.S. economy expanded at a healthy annual 2.4% pace the last three months of 2024, supported by a year-end surge in consumer spending
March 27, 2025 at 1:02 PM
FILE - A consumer places a flat of eggs in a shopping cart in a Costco warehouse Tuesday, Feb. 18, 2025, in Sheridan, Colo. (AP Photo/David Zalubowski, File)
March 26, 2025 at 7:14 PM

What you need to know about current consumer spending 

ABC News business reporter Alexis Christoforous discusses current consumer spending and how the Trump administration’s plans could impact that.
March 26, 2025 at 7:14 PM
VIDEO: What you need to know about current consumer spending 
March 26, 2025 at 5:40 PM

US projected to default this summer absent congressional action

The debt ceiling, currently at $36.1 trillion, establishes a statutory limit that the government may borrow.
March 26, 2025 at 5:40 PM
Treasury Secretary Scott Bessent attends at an Economic Club of New York event in New York City, Mar. 6, 2025.
March 26, 2025 at 12:39 PM

Consumer confidence hits 12-year low amid recession fears

"GMA" explores how Wall Street's volatility is rippling through Main Street, with consumer confidence dropping to its lowest level in over a decade as recession concerns grow.
March 26, 2025 at 12:39 PM
VIDEO: Consumer confidence hits 12-year low amid recession fears
March 26, 2025 at 12:31 PM

What could tariffs on April 2 mean for prices and the economy?

Trump has referred to April 2 as "liberation day."
March 26, 2025 at 12:31 PM
People shop in a Whole Foods Market supermarket in New York, on March 23, 2025.
March 25, 2025 at 5:56 PM

Consumer attitudes worsen more than expected amid Trump's tariffs: Survey

Survey of shopper woes comes days before the onset of additional U.S. tariffs.
March 25, 2025 at 5:56 PM
A customer shops for eggs at a  grocery store on March 12, 2025 in Chicago, Illinois.
March 25, 2025 at 5:31 PM

Consumer attitudes worsen more than expected amid Trump's tariffs: Survey

Survey of shopper woes comes days before the onset of additional U.S. tariffs. ABC News' Alexis Christoforous has the details.
March 25, 2025 at 5:31 PM
Survey of shopper woes comes days before the onset of additional U.S. tariffs. ABC News' Alexis Christoforous has the details.
March 22, 2025 at 7:58 PM

Is a recession looming?

ABC News’ business correspondent Alexis Christoforous takes a look at the warnings from economists about a pending recession. Plus, how it could affect you and what you can be doing to prepare.
March 22, 2025 at 7:58 PM
VIDEO: Is a recession looming?
March 21, 2025 at 11:01 PM

How the trade war could impact the US whiskey business

Rep. Morgan McGarvey (D-Ky.) discusses what he calls the "disastrous impact" the trade war could have to Kentucky's bourbon and whiskey industry.
March 21, 2025 at 11:01 PM
VIDEO: How the trade war could impact the US whiskey business
March 21, 2025 at 9:03 PM

New Yorkers scramble for free eggs

Thousands of eggs have been handed out across New York City as part of a free giveaway
March 21, 2025 at 9:03 PM
People continue waiting in line after FarmerJawn Agriculture ran out of free eggs at an egg giveaway, Friday, March 21, 2025, in the Harlem neighborhood of New York. (AP Photo/Julia Demaree Nikhinson)
March 20, 2025 at 7:49 PM

The latest on DOGE, immigration reform and the economy 

Donna Brazile and former New Hampshire Gov. Chris Sununu join “GMA3” to discuss the biggest issues happening now and impacting Americans across the country.
March 20, 2025 at 7:49 PM
VIDEO: The latest on DOGE, immigration reform and the economy 
March 20, 2025 at 3:20 PM

Trump criticizes Fed decision to maintain interest rates

Trump's comments came hours after the Fed opted to hold interest rates steady.
March 20, 2025 at 3:20 PM
President Donald Trump sits in the Oval Office of the White House in Washington, Mar. 7, 2025.
March 20, 2025 at 2:17 PM

US home sales rose in February as mortgage rates eased and more homes put up for sale

Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers
March 20, 2025 at 2:17 PM
FILE - A for sale sign stands outside a single-family home Thursday, June 27, 2024, in Englewood, Colo. (AP Photo/David Zalubowski, File)
March 20, 2025 at 1:47 PM

Fed leaves interest rates unchanged

Federal Reserve Chair Jerome Powell said on Wednesday that a “good part” of the inflation consumers are seeing are from President Donald Trump’s tariffs but doesn’t expect a long lasting inflation impact.
March 20, 2025 at 1:47 PM
VIDEO: Fed leaves interest rates unchanged
March 20, 2025 at 11:46 AM

Trump tariffs partly to blame for inflation: Fed chair

"We are not in a hurry," Federal Reserve Chair Jerome Powell said earlier this month.
March 20, 2025 at 11:46 AM
Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, Mar. 19, 2025.
March 20, 2025 at 1:34 AM

By The Numbers: Restaurant chains seeing biggest price increases

ABC News looks more closely at inflation concerns in the United States as prices continue to rise at popular chain restaurants.
March 20, 2025 at 1:34 AM
VIDEO: By the Numbers: Restaurant chains are raising prices
March 19, 2025 at 8:43 PM

Will Trump's tariffs threaten the Fed's soft landing? Experts weigh in.

The Fed is set to announce a its latest interest rate decision on Wednesday.
March 19, 2025 at 8:43 PM
Flags fly over the Federal Reserve Headquarters on a windy day in Washington, D.C., May 26, 2017.
March 19, 2025 at 8:41 PM

Fed chair faults Trump tariffs for 'good part' of inflation

The Federal Reserve held interest rates steady on Wednesday, faulting President Donald Trump's tariffs for a portion of recent price increases but opting for a patient approach.
March 19, 2025 at 8:41 PM
The Federal Reserve held interest rates steady on Wednesday, faulting President Donald Trump's tariffs for a portion of recent price increases but opting for a patient approach.
March 19, 2025 at 6:37 PM

Fed holds interest rates steady, opting for patience as Trump's tariffs roil markets

The Federal Reserve held interest rates steady on Wednesday, opting for a patient approach weeks after President Donald Trump's tariffs touched off a global trade war.
March 19, 2025 at 6:37 PM
VIDEO: Fed holds interest rates steady, opting for patience as Trump's tariffs roil markets
March 17, 2025 at 7:09 PM

Gold prices are soaring. Is it a good investment amid the stock selloff?

Gold topped $3,000 per ounce for the first time ever last week.
March 17, 2025 at 7:09 PM
Gold bars are shown stacked in a vault at the United States Mint on July 22, 2014 in West Point, N.Y.
March 17, 2025 at 4:14 PM

Weak retail sales report fuels economic concerns

ABC News’ Alexis Christoforous breaks down the report, which comes ahead of this week’s meeting of the Federal Reserve.
March 17, 2025 at 4:14 PM
VIDEO: Weak retail sales report fuels economic concerns
March 17, 2025 at 3:49 PM

Wholesale price of eggs drops for 3rd week in a row

The combination of prices scaring off customers, slowed outbreaks and a later Easter this year is resulting in less demand.
March 17, 2025 at 3:49 PM
Eggs are offered for sale at a store, March 12, 2025, in Chicago.
March 17, 2025 at 3:23 PM

Wholesale egg prices drop for 3rd straight week

ABC News’ Rhiannon Ally reports on the steep drop in egg prices and how long these lower prices are expected to last.
March 17, 2025 at 3:23 PM
VIDEO: Wholesale egg prices drop for 3rd straight week
March 17, 2025 at 2:59 PM

What February retail sales report could signal about the economy

ABC News’ Trevor Ault reports on the latest government retail data.
March 17, 2025 at 2:59 PM
VIDEO: What February retail sales report could signal about the economy
March 16, 2025 at 10:19 PM

The US faces ‘not an insignificant probability’ of a recession: Diane Swonk

ABC News’ Martha Raddatz interviews KPMG Chief Economist Diane Swonk on “This Week.”
March 16, 2025 at 10:19 PM
VIDEO: 1-on-1 with KPMG Chief Economist Diane Swonk
March 16, 2025 at 10:18 PM

Trump's trade war throws some Florida businesses into uncertainty

On “This Week,” co-anchor Martha Raddatz speaks to business leaders in Florida about the impact of tariffs.
March 16, 2025 at 10:18 PM
VIDEO: Trump's trade war throws some Florida businesses into uncertainty
March 16, 2025 at 2:15 PM

Why gold prices are hitting an all time high

ABC News' Alexis Christoforous joins "GMA" to take a look at why some Americans are looking to purchase the precious metal.
March 16, 2025 at 2:15 PM
VIDEO: Why gold prices are hitting an all time high
March 16, 2025 at 1:46 AM

Consumer sentiment lowest since 2022

Signs show that Americans are cutting back on spending due to President Donald Trump's trade wars, soaring tariffs, inflation, and the high cost of groceries.
March 16, 2025 at 1:46 AM
VIDEO: Consumer sentiment lowest since 2022
March 16, 2025 at 12:26 AM

Strong Dollar drives American travelers abroad

Personal finance and utility columnist Jessica Roy delivers tips and tricks to save up for a vacation abroad.
March 16, 2025 at 12:26 AM
VIDEO: Strong Dollar drives American travelers abroad
March 14, 2025 at 3:46 PM

Consumer sentiment sours amid trade war, recession fears: Survey

The Trump administration's tariffs last week set off a market slump.
March 14, 2025 at 3:46 PM
A customer shops at a grocery store, Feb. 12, 2025 in Austin, Texas.
March 14, 2025 at 2:38 PM

Chances of recession amid Trump tariffs ‘have risen’: Analyst

Bankrate senior economic analyst Mark Hamrick explains the impact of President Donald Trump’s tariffs on the stock market.
March 14, 2025 at 2:38 PM
VIDEO: Chances of recession amid Trump tariffs ‘have risen’: Analyst
March 13, 2025 at 12:34 PM

Inflation up less than expected last month

Gasoline and airfare prices fell but egg prices continued to rise last month. ABC News’ Rebecca Jarvis has the latest on when consumers can expect to see more relief. 
March 13, 2025 at 12:34 PM
VIDEO: Inflation up less than expected last month
March 13, 2025 at 1:39 AM

By The Numbers: Inflation, rent increases and egg prices, oh my!

Economists were pleased today by the latest inflation numbers, so why does it still feel like there’s a hole in your pocket?
March 13, 2025 at 1:39 AM
VIDEO: By The Numbers: Inflation, rent increases and egg prices, oh my!
March 12, 2025 at 9:50 PM

How to keep your money safe amid a volatile market 

ABC News business reporter Alexis Christoforous shares what you need to know about keeping your money safe amid a volatile market.
March 12, 2025 at 9:50 PM
VIDEO: How to keep your money safe amid a volatile market 
March 12, 2025 at 8:25 PM

Europe, Canada retaliate as Trump tariffs on metals take effect

Ursula von der Leyen, president of the European Commission, said in a statement that the EU "must act to protect consumers and business."
March 12, 2025 at 8:25 PM
European Commission president Ursula von der Leyen addresses European Parliament members on new plans to ramp up defense spending agreed at last week's summit, Tuesday, March 11, 2025 at the European Parliament in Strasbourg, eastern France.
March 12, 2025 at 8:25 PM

Egg prices soar as inflation cools in first full month of Trump term

Trump touted Tuesday's inflation report as "very good news."
March 12, 2025 at 8:25 PM
Eggs are displayed for sale in a Manhattan grocery store on February 25, 2025 in New York City.
March 12, 2025 at 5:49 PM

Money-saving tips to help you prepare for a recession

Author and business coach Rachel Rodgers shares some survival tips you can follow to navigate a recession.
March 12, 2025 at 5:49 PM
VIDEO: Money-saving tips to help you prepare for a recession
March 12, 2025 at 1:51 PM

Inflation cools in first full month of Trump term

The inflation report arrived as markets slide and recession fears grow. ABC News’ Alexis Christoforous reports.
March 12, 2025 at 1:51 PM
VIDEO: Inflation cools in first full month of Trump term
March 11, 2025 at 9:46 PM

Speaker Johnson defends Trump amid stock market losses: 'It's a shakeup'

Speaker Mike Johnson was asked for his reaction as the stock market wobbles amid Trump's tariff upheaval.
March 11, 2025 at 9:46 PM
Speaker Mike Johnson was asked for his reaction as the stock market wobbles amid Trump's tariff upheaval.
March 11, 2025 at 9:27 PM
A trader works on the floor of the New York Stock Exchange at the opening bell in New York City on March 10, 2025.
March 11, 2025 at 9:01 PM

'We are in a period of economic transition': White House does not rule out recession

When asked if she can reassure Americans that there's not going to be a recession, White House press sec. Karoline Leavitt says losses in the stock market are a "snapshot of a moment in time."
March 11, 2025 at 9:01 PM
When asked if she can reassure Americans that there's not going to be a recession, White House press sec. Karoline Leavitt says losses in the stock market are a "snapshot of a moment in time."
March 11, 2025 at 8:32 PM

Johnson, House GOP dismiss market turmoil in defending Trump tariff policies

House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.
March 11, 2025 at 8:32 PM
House Speaker Mike Johnson speaks during a press conference ahead of a potential budget vote at the U.S. Capitol in Washington, Mar. 11, 2025.