Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates

U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week

This week the Federal Reserve is likely to cut its main interest rate for the first time in more than four years

Food at home prices increased over the last year with eggs and meat increasing at the grocery store month to month; but retailers are fighting for shopper savings.

ABC News business reporter Alexis Christoforous discusses the latest figures days before the Federal Reserve is widely expected to make an interest rate cut.

The Fed is widely expected to cut interest rates next week.

Presidential historian Mark Updegrove explains how political fortunes have been decided by the state of the economy.

ABC News business reporter Alexis Christoforous on what many voters says is a top issue in the upcoming election.

The U.S. added 142,000 jobs in August, according to Friday's jobs report. The unemployment rate now stands at 4.2%.

Rodney McMullen said merging with rival Albertsons would allow its stores to be competitive against retailers such as Walmart and Amazon.

The U.S. added 142,000 jobs in August, according to the latest jobs report.

The American labor market, red-hot for the past few years, has cooled

The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling

Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less

America’s employers posted fewer job openings in July than they had the previous month, a sign that hiring could further cool in the coming months

U.S. stocks tumbled to their worst day since an early August sell-off after another report raised worries about the economy's health

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

Hotel housekeepers have for years waged a fierce battle to restore automatic daily room cleaning that was scaled back at many properties during the coronavirus pandemic

The strikes are taking place at 25 hotels across eight cities, including Boston and San Francisco, with workers demanding higher wages.

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years

The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year

Unemployment benefit applications were down last week as Americans are making personal finance decisions for the rest of the year.

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said in an upgrade of its initial assessment

The number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates

Grocery stores Kroger and Albertsons are in court after the Federal Trade Commission claimed the merger would eliminate competition and raise food prices.

"The time has come" for a shift toward rate cuts, Fed Chair Jerome Powell said. But how much will rates go down?

The Federal Reserve is now poised to cut interest rates in its next meeting, sending stocks surging on Wall Street.

The Fed is widely expected to cut rates at its next meeting in September.

Federal Reserve Chair Jerome Powell made it clear that borrowers could see an interest rate cut in September.

Plus, independent candidate RFK, Jr. suspends presidential campaign and endorses former president, now GOP nominee, Donald Trump.

The announcement comes after a yearslong effort to fight inflation with highly elevated interest rates.

Two major Canadian freight rail companies locked out thousands of workers on Thursday, shutting down cross-border shipping routes.

Job growth is slower than expected and the Federal Reserve may cut rates by half a percentage point next month due to weak manufacturing.

Economy was no longer in recession but Biden advanced recovery, experts said.

An estimated 30 million Americans -- 1 out of every 5 workers -- are employed with noncompete agreements in industries ranging from tech to fast food.

Inflation stands below 3% for the first time since 2021.

Proposals include a ban on grocery price gouging and subsidy for homebuyers.

Canada's two largest railroads could strike this week, potentially causing supply chain issues for the U.S.

The rules are expected to change the game for both buyers and sellers leaving more room, especially for sellers, to negotiate commissions.

Both Vice President Harris and Former President Trump are turning their attention to the key swing state of Pennsylvania.

Economists who spoke to ABC News disagreed sharply over the measure.

The Harris-Walz campaign’s proposal comes amid a 1.1% price increase in groceries compared to a year ago.

Consumer prices rose by 2.9% in July compared to a year ago, strengthening hopes of a Federal Reserve interest rate cut in September.

He is speaking in front of banners that read, 'No Tax on Tips' and 'No Tax on Social Security.'

Consumer prices on rice, flour and fish fell compared to last July, but new inflation data showed the same cannot be said for eggs, which rose by 19% year over year.

Economists believe inflation in July was unchanged from June, at 2.9% higher than it was a year ago.

Price increases have slowed significantly, but remain above the Fed's target.

Passing expectations, the consumer price index shows prices increased only 0.2% from June to July.

The Federal Reserve, which is chaired by Jerome Powell, is nonpartisan and overseen by Congress.

The S&P 500 suffered its worst day since 2022. Then it recovered within days. Here's how.