Economy
Follow the latest Economy news, videos, and analysis from ABC News.
May 16, 2025 at 8:55 PM

Consumer sentiment worsens despite Trump's rollback of tariffs, survey says

The survey marks four consecutive months of dampening consumer sentiment.
May 16, 2025 at 8:55 PM
People shop at a grocery store in Brooklyn on May 13, 2025 in New York City.
May 15, 2025 at 4:05 PM

Grocery stores overcharging: Consumer Reports

With grocery prices at all-time highs, Consumer Reports is warning that some supermarkets across the country are overcharging customers for some products marked as being on sale.
May 15, 2025 at 4:05 PM
With grocery prices at all-time highs, Consumer Reports is warning that some supermarkets across the country are overcharging customers for some products marked as being on sale.
May 15, 2025 at 2:20 PM

US wholesale prices drop for 1st time in more than a year

ABC News’ Alexis Christoforous reports on data released from the federal government’s producer price index.
May 15, 2025 at 2:20 PM
VIDEO: US wholesale prices drop for 1st time in more than a year
May 15, 2025 at 1:54 PM

Walmart CEO says prices of food, toys and electronics will increase

Economists widely expect importers to pass along some of the tax to consumers.
May 15, 2025 at 1:54 PM
Shoppers browse through televisions section at a Best Buy store, Nov. 29, 2024, in Burbank, Ill.
May 15, 2025 at 1:31 PM

These prices are soaring, despite cooling inflation

Prices are rising rapidly for some everyday items like coffee and beef.
May 15, 2025 at 1:31 PM
People shop at a grocery store in Brooklyn, May 13, 2025, in New York.
May 14, 2025 at 4:53 PM

Costco, Mattress Firm offer buy now, pay later option for shoppers

Affirm CEO Max Levchin explains the interest rates and payment plans that consumers can expect from the payment network.
May 14, 2025 at 4:53 PM
VIDEO: Costco, Mattress Firm offer buy now, pay later option for shoppers
May 14, 2025 at 4:33 PM

Inflation eased after Trump's 'Liberation Day' tariffs, defying fears

Stephen Kates, a financial analyst at Bankrate, discusses the data from April’s Consumer Price Index report.
May 14, 2025 at 4:33 PM
VIDEO: Inflation eased after Trump's 'Liberation Day' tariffs, defying fears
May 14, 2025 at 3:42 PM

Recession warnings fade after Trump rolls back tariffs

A U.S.-China trade agreement allayed fears but uncertainty remains, analysts said.
May 14, 2025 at 3:42 PM
The aerial photo taken on May 13, 2025, shows containers waiting to be transported at a port in Suzhou, in eastern China's Jiangsu province.
May 13, 2025 at 1:38 PM

Inflation eased after Trump's 'Liberation Day' tariffs

Trump has rolled back tariffs since he announced the policy last month.
May 13, 2025 at 1:38 PM
A person shops at a grocery store in Medford, Mass., April 22, 2025.
May 13, 2025 at 11:56 AM

Democrats pivot to talk more about the economy and less about immigration

Democrats have long focused on immigration when courting Latino voters in states like Arizona, Nevada, New Jersey and Florida, where generations of Latin American immigrants have settled and gained permanent legal status
May 13, 2025 at 11:56 AM
FILE - People stand in line to vote inside Brookside Engine Company 1 firehouse, June 7, 2016, in Mendham Township, N.J. (AP Photo/Mel Evans, File)
May 10, 2025 at 10:20 AM

Are small businesses more vulnerable to tariffs? Experts weigh in

Importers face highest effective tariff rate in more than a century, the Yale Budget Lab found.
May 10, 2025 at 10:20 AM
People in the entry way of the Big Fun toy store on May 9, 2025 in Columbus, Ohio.
May 8, 2025 at 4:52 PM

Average rate on a US 30-year mortgage holds steady at 6.76%

The average rate on a 30-year mortgage in the U.S. held steady this week, not far from its highest levels this year, but below where it was a year ago
May 8, 2025 at 4:52 PM
FILE - A "For Sale" sign is displayed in front of a home in Des Plaines, Ill., Monday, Aug. 26, 2024. (AP Photo/Nam Y. Huh, File)
May 8, 2025 at 11:26 AM

Mortgage rates are falling. Is it a good time to buy a home?

Lower borrowing costs offer relief but economic uncertainty looms, experts say.
May 8, 2025 at 11:26 AM
A home for sale sign in front of a new house.
May 7, 2025 at 7:48 PM

Fed holds interest rates steady, defying pressure from Trump

President Donald Trump has called on the Fed to lower rates, despite its political independence.
May 7, 2025 at 7:48 PM
VIDEO: Fed holds interest rates steady, defying pressure from Trump
May 7, 2025 at 7:02 PM

Fed holds interest steady, defying pressure from Trump

Trump has called on the Fed to lower rates, despite a longstanding norm of political independence.
May 7, 2025 at 7:02 PM
The Federal Reserve Building is the headquarters of the Federal Reserve System and 12 Federal Reserve Banks, in Washington, D.C.
May 7, 2025 at 4:11 PM

Rite Aid refiles for bankruptcy: What shoppers need to know

Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in September 2024.
May 7, 2025 at 4:11 PM
A view of a Rite Aid building in Queens, New York, September 10, 2024.
May 5, 2025 at 6:47 AM

Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs
May 5, 2025 at 6:47 AM
May 4, 2025 at 5:04 PM

25% tariffs on cars and car parts are in effect

Most auto part imports now have a 25% import tax which started at 12:01 a.m. ET on Saturday.
May 4, 2025 at 5:04 PM
VIDEO: 25% tariffs on cars and car parts are in effect
May 3, 2025 at 2:33 PM

Why economists say Trump's claim of falling grocery, gas prices is misleading

"Prices are still going up," one expert said.
May 3, 2025 at 2:33 PM
A person shops at a grocery store in Medford, Mass., April 22, 2025.
May 2, 2025 at 8:31 PM

Stocks soar on new jobs report data

ABC News' Alexis Christoforous weighs in on the market as the S&P 500 has been up for nine consecutive days with the better than expected jobs report being a driving force.
May 2, 2025 at 8:31 PM
VIDEO: Stocks soar on new jobs report data
May 2, 2025 at 4:01 PM

Economist reacts to April jobs report

KPMG Chief Economist Diane Swonk discusses the April jobs report that was released on Friday.
May 2, 2025 at 4:01 PM
VIDEO: Economist reacts to April jobs report
May 2, 2025 at 2:41 PM

Hiring slowed in April amid turmoil set off by 'Liberation Day' tariffs

The U.S. added 177,000 jobs in April, according to data from the U.S. Bureau of Labor Statistics. That figure marked solid growth but a slowdown from 228,000 jobs added in the previous month.
May 2, 2025 at 2:41 PM
VIDEO: Hiring slowed in April amid turmoil set off by 'Liberation Day' tariffs
May 2, 2025 at 10:23 AM

Home ownership further out of reach as rising prices widen affordability gap

Home ownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford
May 2, 2025 at 10:23 AM
May 1, 2025 at 7:09 PM

President Trump preaches patience amid economic concerns

More than 7 in 10 Americans believe the economy is in bad shape, according to a new ABC News/Washington Post/Ipsos poll.
May 1, 2025 at 7:09 PM
VIDEO: President Trump preaches patience amid economic concerns
April 30, 2025 at 9:52 PM

Trump says egg prices are falling. Some experts say the claim is misleading.

Consumer egg prices have climbed 25% since January, data shows.
April 30, 2025 at 9:52 PM
Eggs are displayed on a grocery store shelf, April 11, 2025, in San Anselmo, Calif.
April 30, 2025 at 5:46 PM

Economist reacts to GDP report: 'There are real problems beneath the surface'

RSM chief economist Joseph Brusuelas says consumer prices may begin to go up in the coming months following tariffs imposed by the Trump administration.
April 30, 2025 at 5:46 PM
VIDEO: Economist reacts to GDP report: 'There are real problems beneath the surface'
April 30, 2025 at 3:26 PM

UPS to lay off 20,000 workers

UPS announced the company will lay off 20,000 workers and close some facilities as it reduces Amazon package shipments.
April 30, 2025 at 3:26 PM
VIDEO: UPS to lay off 20,000 workers
April 30, 2025 at 3:26 PM

Key report on economic growth out this morning

Economists are forecasting a significant slowdown for the first quarter of 2025, likely driven by a surge in imports as U.S. companies raced to get ahead of tariffs before they took effect.
April 30, 2025 at 3:26 PM
VIDEO: Key report on economic growth out this morning
April 30, 2025 at 2:09 PM

US economy shrank at start of Trump's 2nd term

Trump's tariffs have stoked uncertainty among consumers and businesses.
April 30, 2025 at 2:09 PM
A woman shops in the shoe aisle at a department store in New York, April 10, 2025.
April 30, 2025 at 12:45 PM

How Trump’s first 100 days in office have impacted the economy and immigration

ABC News’ Mary Bruce spoke with ABC News contributors Reince Priebus and Donna Brazile about Trump’s first 100 days in office and how the administration has shifted U.S. policy.
April 30, 2025 at 12:45 PM
VIDEO:  How Trump’s first 100 days in office have impacted the economy and immigration
April 29, 2025 at 7:01 PM

President Trump heading to Michigan to tout economy

President Donald Trump will visit Michigan on Tuesday, where he is expected to deliver some tariff relief to U.S. automakers.
April 29, 2025 at 7:01 PM
VIDEO: President Trump heading to Michigan to tout economy
April 29, 2025 at 3:26 PM

Wallet worries: Recession-proofing your life

Latest polls show most Americans fear current White House policies may push the economy into a recession. Some young women are taking steps to prepare for one.
April 29, 2025 at 3:26 PM
VIDEO: Wallet worries: Recession-proofing your life
April 29, 2025 at 2:08 PM

Consumer gloom worse than expected in April amid Trump's tariffs

Wall Street analysts are warning of price hikes and elevated recession risk.
April 29, 2025 at 2:08 PM
A person shops at a grocery store in Medford, Mass., April 22, 2025.
April 29, 2025 at 12:04 PM

Recession risks rising: Experts

As President Donald Trump marks his first 100 days in office, economists are sounding the alarm over tariff-related shortages in the coming weeks as the trade war with China shows no sign of easing.
April 29, 2025 at 12:04 PM
As President Donald Trump marks his first 100 days in office, economists are sounding the alarm over tariff-related shortages in the coming weeks as the trade war with China shows no sign of easing.
April 29, 2025 at 11:44 AM

Trump voters stand by their vote, but some have concerns about prices and tariffs

Polling shows most Americans disapprove of Trump on the economy. But his voters largely say they’re still confident in him with a few concerns.
April 29, 2025 at 11:44 AM
A general view shows container terminal in Hong Kong, China, April 23, 2025.
April 29, 2025 at 10:53 AM

Trump's economic policies shake norms, markets as uncertainty looms

President Donald Trump's policies during his first 100 days upended global trade, but also risked a recession, experts said.
April 29, 2025 at 10:53 AM
President Donald Trump, alongside Treasury Secretary Scott Bessent speaks during a bilateral meeting with Prime Minister of Norway Jonas Gahr Store in the Cabinet Room of the White House in Washington, April 24, 2025.
April 28, 2025 at 6:46 PM

'Trump Coins' lauds Trump for soaring gold prices. Experts point to economic unease

A marketing email for Trump Coins ascribes gold's soaring value to the president's "strong leadership" -- but some experts say the surge reflects economic uncertainty.
April 28, 2025 at 6:46 PM
President Donald Trump speaks to reporters as he participates in the swearing-in ceremony for Paul Atkins, Chairman of the Securities and Exchange Commission in the Oval Office of the White House on Washington, April 22, 2025.
April 25, 2025 at 3:08 PM

How economic uncertainty is affecting summer travel plans

The Points Guy Brian Kelly is here with a summer travel alert as Southwest and American Airlines are out with warnings about economic uncertainty.
April 25, 2025 at 3:08 PM
VIDEO: How economic uncertainty is affecting summer travel plans
April 23, 2025 at 5:28 PM

Stocks rally as Trump signals thaw in trade war

U.S. stocks rallied on Wednesday, one day after President Donald Trump said tariffs on China would "come down substantially."
April 23, 2025 at 5:28 PM
VIDEO: Stocks rally as Trump signals thaw in trade war
April 23, 2025 at 12:52 PM

'Not going to be good': Student borrower repayments risk damage, experts say

Defaulted loans will be sent for collections next month, government says.
April 23, 2025 at 12:52 PM
The Department of Education building in Washington, March 24, 2025.
April 22, 2025 at 2:23 PM

Stock markets dip after Trump attacks Fed chair

President Donald Trump called Federal Reserve Chair Jerome Powell “a major loser” in a Truth Social post and warned the economy would slow unless the Fed lowers interest rates.
April 22, 2025 at 2:23 PM
VIDEO: Stock markets dip after Trump attacks Fed chair
April 22, 2025 at 1:12 PM

Why gold prices are spiking as uncertainty looms over the economy

Gold topped $3,400 per ounce for the first time ever last week.
April 22, 2025 at 1:12 PM
Gold bars are shown stacked in a vault at the United States Mint on July 22, 2014 in West Point, N.Y.
April 22, 2025 at 11:21 AM

Dow closes down 970 points after Trump criticism of Powell rattles investors

Trump's remarks defied a longstanding norm of political independence at the Fed.
April 22, 2025 at 11:21 AM
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on April 21, 2025, in New York City.
1 month ago

Jeffries: Trump's economic policy is 'his greatest weakness'

ABC News’ Jonathan Karl interviews House Minority Leader Rep. Hakeem Jeffries, D-N.Y., on “This Week.”
1 month ago
VIDEO: 1-on-1 with House Minority Leader Hakeem Jeffries, D-N.Y.
1 month ago

Jeffries: Trump's economic policy is 'his greatest weakness'

On "This Week," Hakeem Jeffries accused GOP leaders for ignoring the rising cost of living for many Americans.
1 month ago
House Minority Leader Hakeem Jeffries speaks with ABC News while appearing on 'This Week' April 20, 2025.
1 month ago

Black communities across US take part in economic protests against big retailers

Pastors Charlie Dates and Jamal Harrison Bryant discuss how they are encouraging Black communities to “spend their dollars with dignity” and pressure big retailers to enact change.
1 month ago
VIDEO: Black communities across US take part in economic protests against big retailers
1 month ago

Rick Steves reacts to PBS potentially facing federal cuts

Television host Rick Steves says public broadcasting is "mission driven" and benefits from the kind of programming they provide as the Trump admin. is considering cutting public broadcasting.
1 month ago
VIDEO: Rick Steves reacts to PBS potentially facing federal cuts
1 month ago

Trump criticizes Fed Chair Jerome Powell

President Donald Trump said Federal Reserve Chairman Jerome Powell’s "termination cannot come fast enough" after Powell said he expects Trump's tariff policy to cause higher inflation.
1 month ago
VIDEO: Trump blasts Fed chair
1 month ago

Trump says he's eager for Fed Chair Jerome Powell's 'termination'

The Fed is an independent government agency established by Congress.
1 month ago
President Donald Trump addresses the media during a lunch with Italian Prime Minister Giorgia Meloni, at the White House in Washington, April 17, 2025.
1 month ago

Trump says he's eager for Fed Chair Jerome Powell's 'termination'

It was not clear whether Trump’s comments indicated a desire to remove Powell from his position or an eagerness for the completion of Powell’s term as Fed chair in 2026.
1 month ago
VIDEO: Trump says he's eager for Fed Chair Jerome Powell's 'termination'