Economy
Follow the latest Economy news, videos, and analysis from ABC News.
April 18, 2024 at 7:50 PM

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising

The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices
April 18, 2024 at 7:50 PM
April 18, 2024 at 1:18 PM

The number of Americans applying for jobless benefits holds steady as labor market remains strong

The number of Americans filing for jobless benefits didn’t change last week as the labor market continues to defy efforts by the Federal Reserve to cool it off
April 18, 2024 at 1:18 PM
April 17, 2024 at 6:29 PM

Robert Herjavec shares tips to deal with inflation

The "Shark Tank" star has tips for individuals and small business owners to manage finances amid higher prices.
April 17, 2024 at 6:29 PM
Robert Herjavec shares tips to deal with inflation
April 16, 2024 at 7:42 PM

Fed's Powell: Elevated inflation will likely delay rate cuts this year

Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates
April 16, 2024 at 7:42 PM
April 15, 2024 at 6:38 PM

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful

Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges
April 15, 2024 at 6:38 PM
April 15, 2024 at 3:57 PM

Economy uncertain after Iran attacks Israel

ABC News business reporter Alexis Christoforous shares how an Israeli response to Iran's attack could lead to soaring gas prices and push inflation even higher.
April 15, 2024 at 3:57 PM
Economy uncertain after Iran attacks Israel
April 15, 2024 at 1:23 PM

Middle East tension causes concern on Wall Street

ABC News’ Rebecca Jarvis reports on how the rising tensions, along with higher-than-expected inflation, could impact the stock market.
April 15, 2024 at 1:23 PM
Middle East tension causes concern on Wall Street
April 12, 2024 at 3:26 PM

US consumer sentiment falls slightly as outlook for inflation worsens

Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year
April 12, 2024 at 3:26 PM
US consumer sentiment falls slightly as outlook for inflation worsens
April 11, 2024 at 6:46 PM

Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates

Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it
April 11, 2024 at 6:46 PM
April 11, 2024 at 5:58 PM

Hot inflation likely to delay interest rate cuts. Here's what to expect

Rate cuts may not begin this year, some experts said.
April 11, 2024 at 5:58 PM
Hot inflation likely to delay interest rate cuts. Here's what to expect
April 11, 2024 at 2:29 AM

Inflation rose sharply in March, undoing progress in lowering prices

U.S. Bureau of Labor Statistics reports that consumer prices rose 3.5% in March, accelerating from the previous month and reversing progress on curbing inflation.
April 11, 2024 at 2:29 AM
Inflation rose sharply in March, undoing progress in lowering prices
April 10, 2024 at 11:12 PM

Americans spending hundreds more each month compared to 2023, data shows

Consumer prices are on the rise nationwide according to data and our panel breaks down the latest inflation numbers.
April 10, 2024 at 11:12 PM
Americans spending hundreds more each month compared to 2023, data shows
April 10, 2024 at 10:06 PM

US consumer prices rose 3.5% in March

U.S. consumer prices rose 3.5% year over year in March, according to the U.S. Bureau of Labor Statistics. Moody's analytics economist Matt Colyar gives his analysis.
April 10, 2024 at 10:06 PM
US consumer prices rose 3.5% in March
April 10, 2024 at 6:18 PM

Cost of goods and services continue to increase, report shows

ABC News business reporter Alexis Christoforous talks about an increase in the cost of goods and services and the likelihood of the Feds cutting interest rates.
April 10, 2024 at 6:18 PM
Cost of goods and services continue to increase, report shows
April 10, 2024 at 6:02 PM

All eyes on March Consumer Price Index report

ABC News’ Rebecca Jarvis has the latest on inflation numbers expected Wednesday, what they could signal about the economy and how it could impact your wallet.
April 10, 2024 at 6:02 PM
All eyes on March Consumer Price Index report
April 10, 2024 at 5:16 PM

Business Headlines: New inflation report is worse than expected

Inflation is moving in the wrong direction for the third month in a row, the price of the stamp may be going up again and "Honest Company" founder Jessica Alba is stepping down.
April 10, 2024 at 5:16 PM
Business Headlines: New inflation report is worse than expected
April 10, 2024 at 1:33 PM

Inflation surged higher in March, reversing some progress made in cooling prices

The fight to reduce inflation has struck a rough patch in recent months.
April 10, 2024 at 1:33 PM
 Inflation surged higher in March, reversing some progress made in cooling prices
April 9, 2024 at 1:29 PM

JPMorgan CEO warns about interest rates

JPMorgan Chase’s Jamie Dimon warned that 8% interest rates could be in the future.
April 9, 2024 at 1:29 PM
JPMorgan CEO warns about interest rates
April 8, 2024 at 7:35 PM

JPMorgan's Dimon warns inflation, political polarization, wars creating risks not seen since WWII

The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors that he continues to expect the U.S. economy to be resilient and grow this year
April 8, 2024 at 7:35 PM
April 8, 2024 at 6:45 PM

Inflation alarm, 'extraordinary' AI: 4 takeaways from Jamie Dimon's annual letter

The CEO of the nation's largest bank said economic risks remain significant.
April 8, 2024 at 6:45 PM
Interest rates could soar above 8%, Jamie Dimon warns
April 8, 2024 at 6:35 PM

JPMorgan Chase CEO Dimon fears higher interest rates

Jamie Dimon wrote in a shareholder letter Monday that interest rates could rise to at least 8%.
April 8, 2024 at 6:35 PM
JPMorgan Chase CEO Dimon fears higher interest rates
April 6, 2024 at 12:22 PM

When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates
April 6, 2024 at 12:22 PM
When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all
April 5, 2024 at 8:46 PM

Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts

Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation
April 5, 2024 at 8:46 PM
Apple lays off more than 600 workers in California
April 5, 2024 at 7:38 PM

Job market defies expectations in latest report

Employers added 303,000 jobs to the workforce in March, more than analysts expected, while the unemployment rate dipped from 3.9% to 3.8%.
April 5, 2024 at 7:38 PM
Job market defies expectations in latest report
April 5, 2024 at 5:57 PM

Employers add 303,000 jobs in March

It's the largest monthly jobs gain since May 2023.
April 5, 2024 at 5:57 PM
Employers add 303,000 jobs in March
April 5, 2024 at 5:31 PM

Biden on jobs report: “A milestone in America’s comeback”

The Bureau of Labor Statistics said more than 300,000 jobs were added to the U.S. economy in March. The highest number of new jobs in nearly a year.
April 5, 2024 at 5:31 PM
Biden on jobs report: “A milestone in America’s comeback”
April 5, 2024 at 4:22 PM

Another month of robust US job growth points to continued economic strength

America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates
April 5, 2024 at 4:22 PM
April 4, 2024 at 10:51 AM

Fed Chair Jerome Powell pumps brakes on rate cuts

"We have time to let the incoming data guide our decisions," Powell said.
April 4, 2024 at 10:51 AM
Fed needs more time to assess inflation before rate cuts can happen: Powell
April 1, 2024 at 11:21 PM

California fast food workers expecting bigger paychecks

The panel discusses the pay raise hitting the fast-food industry in California. Employees will now receive $20 per hour.
April 1, 2024 at 11:21 PM
California fast food workers expecting bigger paychecks
April 1, 2024 at 5:53 PM

Avian flu hits dairy producing cattle farms

Avian flu has already impacted egg supplies and pricing, but now a virus hitting cattle farms could dwindle some milk supply.
April 1, 2024 at 5:53 PM
Avian flu hits dairy producing cattle farms
April 1, 2024 at 3:48 PM

California fast food workers get minimum wage hike

Fast food workers in California are getting a pay raise. Also, if you're a current or former AT&T customer, your information may have been leaked to the dark web.
April 1, 2024 at 3:48 PM
California fast food workers get minimum wage hike
April 1, 2024 at 2:46 PM

What to know about new minimum wage in California

On April 1 Assembly Bill 610 went into effect raising the minimum wage for more than half a million California fast food workers.
April 1, 2024 at 2:46 PM
Fast food minimum wage hike takes effect in California
March 31, 2024 at 2:41 PM

California minimum wage of at least $20 to take effect Monday

California will soon become that state with the highest minimum wage for some fast-food workers. What it could mean for franchise owners and customers.
March 31, 2024 at 2:41 PM
California minimum wage of at least $20 to take effect Monday
March 29, 2024 at 5:32 PM

Gas prices have climbed nearly 14% this year. Here's why.

Warm-weather travelers are driving up demand for gas, experts said.
March 29, 2024 at 5:32 PM
Here's why gas prices are suddenly higher
March 29, 2024 at 4:01 PM

Gas prices go up as spring travel heats up

Gas prices are rising faster than usual this year and Americans seem to be cooling on a certain hot sauce.
March 29, 2024 at 4:01 PM
Gas prices go up as spring travel heats up
March 26, 2024 at 6:15 PM

Job flexibility, security linked to less anxiety, distress, study says

ABC News chief medical correspondent Dr. Jen Ashton discusses how work-life balance results in lower stress levels.
March 26, 2024 at 6:15 PM
Job flexibility, security linked to less anxiety, distress, study says
March 26, 2024 at 5:57 PM

Trader Joe's raises banana prices less than a nickel but drops prices on other produce, various products

Trader Joe's confirmed the bananas that previously sold for just 19 cents a piece will now cost 23 cents.
March 26, 2024 at 5:57 PM
Trader Joe's bananas cost more, but other produce items will be cheaper
1 month ago

Gasoline prices rising ahead of holiday weekend

Prices for gas are creeping up across the country, with some paying more than $5 a gallon heading into Easter weekend.
1 month ago
Gasoline prices rising ahead of holiday weekend
1 month ago

Government shutdown averted as Congress passes spending bill

President Joe Biden signed the bipartisan bill into law that includes money to hire 2,000 additional border agents to assist with the ongoing migrant crisis at the Southern border.
1 month ago
Government shutdown averted as Congress passes spending bill
1 month ago

Food prices could increase further due to climate change's effect on inflation around the world: Study

The strain that rising global temperatures could have on the agriculture industry will likely cause food prices around the world to inflate even more.
1 month ago
Further rise in food prices possible if global temperatures continue to rise
1 month ago

Biden administration forgives student loans for 78,000 more public service workers

Biden announced on Thursday that some 78,000 public service workers is the PSLF program will have $5.8 billion in student loan debt forgiven by his administration
1 month ago
Biden administration forgives student loans for 78,000 more public service workers
1 month ago

How rising global temperatures can increase food prices: Study

The paper, published in Communications Earth & Environment, found that countries in Africa and South America will be impacted the most.
1 month ago
How rising global temperatures can increase food prices: Study
1 month ago

Wall Street rallies after Fed signals 3 rate cuts for 2024

ABC News’ Elizabeth Schulze has the latest on the markets after a critical decision by the Federal Reserve.
1 month ago
Wall Street rallies after Fed signals 3 rate cuts for 2024
1 month ago

Fed holds interest rates steady, postponing rate cuts amid stubborn inflation

Inflation fell sharply last year but progress has stalled in recent months.
1 month ago
Fed holds interest rates steady, postponing rate cuts amid stubborn inflation
1 month ago

The Federal Reserve announces interest rates to remain unchanged

The Federal Reserve announced that interest rates will remain unchanged in its latest decision. ABC News' Elizabeth Schulze and Alexis Christoforous report.
1 month ago
The Federal Reserve announces interest rates to remain unchanged
1 month ago

Fed holds interest rates steady, postponing rate cuts amid stubborn inflation

Inflation fell sharply last year but progress has stalled in recent months.
1 month ago
Fed holds interest rates steady, postponing rate cuts amid stubborn inflation
1 month ago

Federal reserve set to announce latest interest rate decision

ABC News chief economics correspondent Rebecca Jarvis shares what Wednesday’s decision could mean for your wallet.
1 month ago
Federal reserve set to announce latest interest rate decision
1 month ago

‘Mrs. Dow Jones’ gives tips on spring cleaning your spending habits

Finance expert and influencer “Mrs. Dow Jones,” Haley Sacks, discusses budgeting for the spring and how to spend tax returns.
1 month ago
‘Mrs. Dow Jones’ gives tips on spring cleaning your spending habits
1 month ago

Restaurant chains respond to inflation with incentives

Applebee's, Red Robin and Red Lobster are among the chains that are offering subscription plans, meal passes and more to give customers more value for their money.
1 month ago
Restaurant chains respond to inflation with incentives
1 month ago

Realtors group scraps real estate commissions

In a monumental settlement, a real estate agency has scrapped the standard 6% commission. What does it mean for buyers and sellers, and how much could it impact home prices?
1 month ago
Realtors group scraps real estate commissions
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