Consumer prices rose 2.7% in June compared to a year ago, marking a notable surge of price increases as President Donald Trump's tariff policy took hold.

KPMG chief economist Diane Swonk breaks down the new June inflation report and dives into why prices increased even after President Donald Trump declared “inflation is dead.”

A fresh report on Tuesday marked two consecutive months of rising inflation.

A fresh report on Tuesday marked two consecutive months of rising inflation. ABC News' Alexis Christoforous reports.

JPMorgan’s second-quarter profit fell to $14.2 billion in second quarter, but the New York bank beat Wall Street expectations

Democratic President Joe Biden handed out subsidies to chipmakers and electric vehicle manufacturers

Ferrero, the European confectionery giant behind Nutella and Ferrero Rocher, is set to acquire WK Kellogg Co., the maker of classic American cereals, according to a press release issued Thursday.

The State Department is laying off 1,107 civil service employees and 246 foreign service officers with domestic assignments, according to internal department communication reviewed by ABC News.

The Trump administration has moved forward to cut federal workforce as critics warn the cuts will jeopardize national security.

Trump issued a flurry of tariffs on dozens of countries in recent days.

Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy

Inflation is hovering near its lowest level since 2021.

On “This Week,” ABC News’ Senior White House Correspondent Selina Wang reports on the economic impact of the new tax and spending bill.

The CBO says it would add $3.4 trillion to the deficit over the next decade.

A weaker dollar will impact everyday purchases and travel abroad, analysts said.

A weaker dollar will impact everyday purchases and travel abroad, analysts said.

Chefs, food equality advocates and nonprofit leaders rally against Trump's megabill that would slash SNAP funding for the nation's most vulnerable.

Waffle House announced it will no longer have a 50 cent per egg surcharge after establishing the fee during the bird flu shortage in February.

Microsoft is firing thousands of workers, its second mass layoff in months

President Trump has repeatedly urged Fed Chair Jerome Powell to slash interest rates.

U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilient in the face of high borrowing costs and uncertainty over U.S. economic policy

During Monday’s briefing, press secretary Karoline Leavitt held up the note to reporters, which appeared to have been written by President Donald Trump using his signature black Sharpie.

Bankrate senior economic analyst Mark Hamrick explains why a “cooler” job market doesn’t mean the U.S. economy is “stalling out.”

As Trump’s ‘Big Beautiful Bill’ moves forward, Brendan Duke, senior director for federal budget policy at the Center on Budget and Policy Priorities, breaks down who benefits and who loses out.

Leadership coach Kim Meninger joins ABC News Live to discuss navigating the desire to leave your job amid fears about the economy and layoffs.

Nike warned on its post-earnings call that if President Donald Trump’s tariff policies were to remain at their current level, they could cost the company nearly $1 billion.

A weaker U.S. dollar in some destinations could mean less favorable foreign exchange rates and a big impact on the overall cost of your trip.

Former Labor Secretary Robert Reich and filmmaker Elliot Kirschner highlight their new documentary, “The Last Class,” and Reich discusses the current state of the U.S. economy.

"GMA" takes a look at the challenges facing recent college grads, as many struggle to land their first job amid a tough job market, according to the latest unemployment report.

ABC News’ Alexis Christoforous reports on the second day of testimony from Federal Reserve Chair Jerome Powell, and the likelihood of a cut in interest rates.

New data shows unfavorable opinions of the 9-to-5 workday, with fewer workers interested in taking leadership roles.

Some major retailers have warned of price increases.

Kpler's lead oil analyst Matt Smith breaks down the impact on oil prices following the growing conflict in the Middle East.

GasBuddy's Patrick De Haan discusses how gas prices could rise within the coming days as the conflict between the U.S. and Iran grows.

"GMA" looks at how the conflict in Iran could impact oil and gas prices in the U.S. and around the world.

Robert McNally, founder and president of Rapidan Energy Group, discusses Iran’s approval of Strait of Hormuz closure.

Feather & Bone skincare founder Shubhangini Prakash joins ABC News Live to share her experience launching a business and offer advice for entrepreneurs.

Gas Buddy's Patrick De Haan discusses how U.S. gas prices could rise within the coming days as the conflict between Israel and Iran continues.

The cost of crude oil is up nearly 10% since Israel’s initial strike on Iran last Friday. ABC News’ Alexis Christoforous reports.

US gas prices could rise within days, industry analysts said.

The cost of crude oil is up nearly 10% since Israel’s strike on Iran. ABC News Chief Business Correspondent Rebecca Jarvis tracks where prices are going and how you can save.

Social Security and Medicare could face automatic cuts in 2033, a report found.

The Fed has pursued a patient approach as it awaits the effects of tariffs.

The Federal Reserve held its benchmark interest rate steady on Wednesday, continuing a wait-and-see approach adopted by the central bank in recent months as it observes potential effects of tariffs.

President Donald Trump criticized Federal Reserve Chairman Jerome Powell as he spoke with reporters outside the White House on Wednesday morning.

Bankrate’s Greg McBride explains the economic scenarios that could prompt a cut in interest rates by the Federal Reserve.

Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.

The strike stoked concern among investors about a possible wider conflict across the Middle East, which accounts for a large share of global oil production. ABC News’ Alexis Christoforous reports.

A spokesperson for China's Ministry of Commerce on Thursday appeared to downplay what President Donald Trump said Wednesday was a "done" trade deal.

ABC News’ Britt Clennett reports on what both sides are getting from this agreement, and what happens next.