Economy
Follow the latest Economy news, videos, and analysis from ABC News.
4 hours ago

What shoppers should know as beef prices continue to rise

The latest Consumer Price Index showed beef prices are up from this time in 2024, and agriculture experts say consumers may want to cut back or switch proteins.
4 hours ago
Cargill Meat Solutions recalled more than 16K pounds of raw ground beef products that may be contaminated with E. coli.
August 21, 2025 at 2:27 PM

US home sales rose in July as mortgage rates ease a bit, home prices grew more slowly

Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and more properties on the market
August 21, 2025 at 2:27 PM
FILE - Homes and properties are shown in San Francisco on Friday, July 18, 2025. (AP Photo/Jeff Chiu, File)
August 21, 2025 at 1:59 PM

Beef prices skyrocket in US

According to the Bureau of Labor Statistics, ground beef prices are up around 11.5% and steaks are over 12% higher compared to 2024.
August 21, 2025 at 1:59 PM
VIDEO: Beef prices skyrocket in US
August 21, 2025 at 12:59 PM

US applications for jobless benefits rise last week, but layoffs remain historically low

More Americans filed for unemployment benefits last week, but U.S. layoffs remain in the same historically healthy range of the past few years
August 21, 2025 at 12:59 PM
FILE - A hiring sign is displayed at a restaurant in Mount Prospect, Ill., Aug. 27, 2024. (AP Photo/Nam Y. Huh, file)
August 20, 2025 at 6:20 PM

Home Depot warns of high prices

The retailer is planning to raise prices and cut promotions on items like outdoor grills and gardening products due to tariffs and “general economic uncertainty,” according to the company’s CEO.
August 20, 2025 at 6:20 PM
Home Depot warns of high prices
August 19, 2025 at 5:08 PM

When could tariff-driven price increases hit shoppers? Experts explain

So far, the U.S. has defied economists' fears of a tariff-induced price surge.
August 19, 2025 at 5:08 PM
People shop at Macy's department store in Manhattan in New York City, August 11, 2025.
August 15, 2025 at 3:26 PM

US consumer sentiment worsens amid new tariffs

The report comes days after a lower-than-expected inflation reading.
August 15, 2025 at 3:26 PM
A person shops for groceries at a store in Los Angeles, Aug. 12, 2025.
August 15, 2025 at 1:48 PM

Attention shoppers! Wholesale veggie prices soar

Producers in the U.S. raised their prices at the fastest pace in more than three years last month as companies grappled with new costs from tariffs introduced by President Donald Trump.
August 15, 2025 at 1:48 PM
Producers in the U.S. raised their prices at the fastest pace in more than three years last month as companies grappled with new costs from tariffs introduced by President Donald Trump.
August 15, 2025 at 12:54 PM

Retail sales rise a solid 0.5% in July from June helped by rebounding auto sales

Shoppers stepped up their spending in July, particularly at the nation’s auto dealerships
August 15, 2025 at 12:54 PM
Laptop computers are displayed at a retail store in Vernon Hills, Ill., Thursday, Aug. 7, 2025. (AP Photo/Nam Y. Huh)
August 14, 2025 at 1:14 PM

Applications for jobless benefits fell last week, still in historically healthy range

The number of Americans filing for jobless benefits fell modestly last week, remaining in the historically low range since the U.S. economy emerged from the COVID-19 pandemic
August 14, 2025 at 1:14 PM
FILE - A hiring sign is displayed at a retail store in Mount Prospect, Ill., Saturday, Nov. 2, 2024. (AP Photo/Nam Y. Huh, File)
August 14, 2025 at 1:12 PM

US producer prices surge in July as Trump tariffs push costs higher

U.S. wholesale inflation surged unexpectedly last month as President Donald Trump’s sweeping taxes on imports are pushing costs higher
August 14, 2025 at 1:12 PM
A Ford vehicle is shown on the assembly line at the Ford Louisville Assembly Plant, Monday, Aug. 11, 2025, in Louisville, Ky. (AP Photo/Darron Cummings)
August 13, 2025 at 8:26 PM

Is the Fed ready to cut interest rates? Experts weigh in

President Trump has repeatedly called for lower rates since he took office.
August 13, 2025 at 8:26 PM
The Marriner S. Eccles building of the Federal Reserve Board under construction, Aug. 6, 2025, in Washington, D.C.
August 13, 2025 at 3:36 PM

These jobs are hiring, despite a weak job market

The labor market slowed sharply in recent months.
August 13, 2025 at 3:36 PM
Stock photo of a nurse working in a hospital.
August 13, 2025 at 3:16 PM

Inflation up 2.7% compared to 1 year ago

ABC News’ Rebecca Jarvis breaks down the latest inflation report and why consumers are paying more for commodities like beef and coffee.
August 13, 2025 at 3:16 PM
VIDEO: Inflation up 2.7% compared to 1 year ago
August 12, 2025 at 9:31 PM

Prices climbed less than expected in July, despite Trump's tariffs

Prices rose in recent months as Trump's tariffs took hold.
August 12, 2025 at 9:31 PM
A shopper compares beef prices at a grocery store in Mount Prospect, Ill., July 17, 2025.
August 12, 2025 at 3:34 PM

Inflation up 2.7% compared to a year ago

ABC News' Alexis Christoforous discusses the inflation report, which defied fears of further price increases as a result of President Donald Trump's tariffs.
August 12, 2025 at 3:34 PM
VIDEO: Inflation up 2.7% compared to a year ago
August 11, 2025 at 3:01 PM

Fast food giants hint at economic trouble ahead

Wendy's, KFC, Pizza Hut and Popeyes said same-store sales were down from the first three months of the year, and McDonald's said traffic from low-income customers was down.
August 11, 2025 at 3:01 PM
VIDEO: Fast food giants hint at economic trouble ahead
August 9, 2025 at 7:03 PM

Top Fed official says weak jobs data backs the case for 3 rate cuts

A top official at the Federal Reserve is saying that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower
August 9, 2025 at 7:03 PM
FILE - Michelle Bowman, Vice Chair for Supervision of the Federal Reserve Board of Governors, takes a seat for an open meeting of the Board of Governors at the Federal Reserve, in Washington, June 25, 2025. (AP Photo/Mark Schiefelbein, File)
August 8, 2025 at 12:06 PM

Why the stock market shrugged off weak data, recession fears

"The mindset of the market is to embrace risk," one expert said.
August 8, 2025 at 12:06 PM
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York, Aug. 7, 2025.
August 8, 2025 at 10:46 AM

Half of American families cite grocery prices as 'major stress'

ABC News' Rebecca Jarvis is here with how you can reduce your stress and save money on groceries after a new poll finds most Americans say prices at the supermarket are a source of stress.
August 8, 2025 at 10:46 AM
VIDEO: Half of American families cite grocery prices as 'major stress'
August 7, 2025 at 8:54 PM

US small business owner blames tariffs for lack of 'predictability for our customers'

Carrin Harris, CEO of the U.S. small business Blitz Proto, joined ABC News Live to discuss how Trump’s new tariffs affect her company.
August 7, 2025 at 8:54 PM
VIDEO: US small business owner blames tariffs for lack of 'predictability for our customers'
August 7, 2025 at 4:20 PM

Average rate on a 30-year mortgage drops to lowest level since April

The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs
August 7, 2025 at 4:20 PM
FILE - A "For Sale" sign is displayed outside a home on Friday, July 11, 2025, in Portland, Ore. (AP Photo/Jenny Kane, File)
August 7, 2025 at 2:09 PM

These prices could rise after Trump's new tariffs

Trump issued a flurry of tariffs on dozens of countries in recent days.
August 7, 2025 at 2:09 PM
In this May 16, 2025, file photo, shoppers try on shoes at a Footlocker store in New York.
August 7, 2025 at 1:31 PM

US applications for jobless benefits up modestly but remain at a healthy level

The number of Americans filing for jobless benefits rose modestly last week, a sign that employers still retaining workers despite economic uncertainty related to U.S. trade policy
August 7, 2025 at 1:31 PM
FILE - A hiring sign is displayed at a retail store in Mount Prospect, Ill., Saturday, Nov. 2, 2024. (AP Photo/Nam Y. Huh, File)
August 6, 2025 at 10:50 PM

Trump, Apple announce additional $100B investment in domestic manufacturing

President Donald Trump and Apple CEO Tim Cook announced a $100 billion investment to expand domestic manufacturing, including building new U.S. factories to produce iPhones.
August 6, 2025 at 10:50 PM
VIDEO: Trump, Apple announce additional $100B investment in domestic manufacturing
August 6, 2025 at 9:14 PM

Is the US headed toward a recession? Experts weigh in

A weak jobs report in recent days prompted recession warnings from some analysts.
August 6, 2025 at 9:14 PM
People shop for groceries at a store in New York City, July 15, 2025.
August 6, 2025 at 4:19 PM

Student loan delinquency rates hit record high

The share of U.S. student loan debt entering serious delinquency—90 or more days late—rose to 12.9% from April to June, according to a report from the Federal Reserve Bank of New York.
August 6, 2025 at 4:19 PM
VIDEO: Student loan delinquency rates hit record high
August 5, 2025 at 4:14 PM

WSJ: Consumers get thrifty amid economic uncertainty

U.S. consumers are starting to cut back and becoming more selective with their spending.
August 5, 2025 at 4:14 PM
WSJ: Consumers get thrifty amid economic uncertainty
August 5, 2025 at 2:07 PM

Why is reliable data important for the economy? Experts weigh in

Trump fired the labor statistics commissioner hours after a weak jobs report.
August 5, 2025 at 2:07 PM
The Frances Perkins Department of Labor Building is seen, Aug. 4, 2025 in Washington.
August 5, 2025 at 11:22 AM

Poll: 53% of Americans say grocery costs are a major source of stress

A new poll finds that 53% of Americans say the cost of groceries is a major source of stress, while 14% say it is not.
August 5, 2025 at 11:22 AM
Video: Poll: High prices stressing Americans
August 5, 2025 at 5:04 AM

'Highballed': How disproportionate property taxes force people from their homes

An investigation from ABC News and ABC Owned Television Stations reports on how homeowners in minority communities often face steeper property taxes, sometimes causing them to lose their homes.
August 5, 2025 at 5:04 AM
VIDEO: ABC News and OTV Investigation: ‘Highballed’ real estate 
August 4, 2025 at 4:15 PM

Economist says Bureau of Labor Statistics data is 'very objective'

Leo Feler, chief economist at Numerator, discusses how the Bureau of Labor Statistics collects and reports data, and what the firing of Commissioner Erika McEntarfer means for the agency's future.
August 4, 2025 at 4:15 PM
VIDEO: Economist says Bureau of Labor Statistics data is 'very objective'
August 4, 2025 at 4:14 PM

Is a recession looming for the US economy?

U.S. stocks tumbled on Friday in the immediate aftermath of sweeping new tariffs issued by President Donald Trump. A weak jobs report also intensified the selloff.
August 4, 2025 at 4:14 PM
Video: Is a recession looming for the US economy?
August 4, 2025 at 1:15 PM

Impact of tariffs, jobs report on US economy

ABC News Chief Business Correspondent Rebecca Jarvis breaks down the latest jobs report and if Americans can expect higher prices for the holidays because of President Donald Trump’s new tariffs.
August 4, 2025 at 1:15 PM
VIDEO: Impact of tariffs, jobs report on US economy
August 4, 2025 at 12:16 AM

Consumers brace for more tariff uncertainty

American households could face an extra $2,400 in costs this year as new tariffs are set to take effect this week and prices for some everyday goods are on the rise.
August 4, 2025 at 12:16 AM
VIDEO: Consumers brace for more tariff uncertainty
August 3, 2025 at 4:11 PM

‘No conceivable way’ that the BLS commissioner manipulated jobs report: Summers

ABC News’ George Stephanopoulos interviews former Treasury Secretary Larry Summers on “This Week.”
August 3, 2025 at 4:11 PM
VIDEO: 1-on-1 with Larry Summers
August 3, 2025 at 4:09 PM

Stocks tumble following new tariff announcement and weak jobs report

On “This Week,” ABC News’ chief Washington correspondent Jonathan Karl reports on Trump’s latest tariffs, weak jobs report and the firing of BLS commissioner.
August 3, 2025 at 4:09 PM
VIDEO: Stocks tumble following new tariff announcement and weak jobs report
August 2, 2025 at 3:48 PM

Digital price tags roll out in grocery chains

Digital price tags are popping up in more stores throughout the country, but some shoppers worries prices could be changing faster than they can say “checkout.”
August 2, 2025 at 3:48 PM
VIDEO: Digital price tags roll out in grocery chains
August 2, 2025 at 3:04 AM

Trump fires Bureau of Labor Statistics commissioner after weak jobs report

The abrupt firing comes after a weaker than expected jobs report. President Trump claimed without providing evidence that the numbers were "manipulated."
August 2, 2025 at 3:04 AM
VIDEO: Trump fires Bureau of Labor Statistics commissioner after weak jobs report
August 2, 2025 at 2:16 AM

New jobs report shows major slowdown amid Trump tariffs

ABC News’ Stephanie Ramos is joined by co-founder of the Yale Budget Lab to discuss the latest jobs report, which showed a major slowdown of hiring in recent months.
August 2, 2025 at 2:16 AM
VIDEO: New jobs report shows major slowdown amid Trump tariffs
August 1, 2025 at 8:25 PM

Stocks close lower after Trump's new tariffs, weak jobs report

A jobs report on Friday showed a major slowdown of hiring in recent months.
August 1, 2025 at 8:25 PM
Traders work on the floor at the New York Stock Exchange in New York City, July 30, 2025.
August 1, 2025 at 7:51 PM

What do Trump's new tariffs mean for the economy? Experts weigh in

Stocks tumbled on Friday in response to the sweeping new levies.
August 1, 2025 at 7:51 PM
Donald Trump signs an executive order restarting the Presidential Fitness Test in public schools, July 31, 2025, in the Roosevelt Room of the White House in Washington.
August 1, 2025 at 2:54 PM

What do Trump’s new tariffs mean for the US economy?

President Trump issued an executive order Thursday, slapping tariffs on many of America's trading partners, but the new duties are set to go into effect in seven days -- not Friday as was anticipated.
August 1, 2025 at 2:54 PM
VIDEO: What do Trump’s new tariffs mean for the US economy?
August 1, 2025 at 2:01 PM

Hiring slowed in July as Trump's tariffs fluctuated

Hiring slowed in July as President Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists' expectations.
August 1, 2025 at 2:01 PM
VIDEO: Hiring slowed in July as Trump's tariffs fluctuated
July 30, 2025 at 11:58 PM

What is the Federal Reserve?

The Federal Reserve is the central bank of the United States.
July 30, 2025 at 11:58 PM
The Federal Reserve is the central bank of the United States.
July 30, 2025 at 10:35 PM

Fed holds interest rates steady, GDP report reveals economy grew at 3% rate

A flurry of recent major economic news provides a barometer of the U.S. economy as President Donald Trump’s tariffs steer the nation toward a trade policy untested in recent history.
July 30, 2025 at 10:35 PM
VIDEO: Fed holds interest rates steady, GDP report reveals economy grew at 3% rate
July 30, 2025 at 7:52 PM

New Hulu true-crime docuseries sheds light on 17-year Florida murder mystery

From ABC News Studios, “Mr. & Mrs. Murder” begins streaming Wednesday, July 30, only on Hulu.
July 30, 2025 at 7:52 PM
VIDEO: New Hulu true-crime docuseries sheds light on 17-year Florida murder mystery
July 30, 2025 at 7:25 PM

Fed holds interest rates steady, Powell says Fed independence 'very important'

The Fed has taken a wait-and-see approach amid Trump's tariffs.
July 30, 2025 at 7:25 PM
Chair of the US Federal Reserve Jerome Powell speaks during a news conference following the July 29-30 Federal Open Market Committee (FOMC) meeting in Washington, DC on July 30, 2025.
July 30, 2025 at 6:39 PM

Fed holds interest rates steady, defying Trump's pressure

The Fed has taken a wait-and-see approach amid Trump's tariff
July 30, 2025 at 6:39 PM
VIDEO: Fed holds interest rates steady, defying Trump's pressure
July 30, 2025 at 4:45 PM

'This is the Super Bowl': What major economic news could mean for Trump's tariffs

Major data releases and a key policy decision set to show where economy stands.
July 30, 2025 at 4:45 PM
In this Aug. 14, 2024, file photo, Republican presidential nominee former President Donald Trump, left, listens as investor Scott Bessent speaks on the economy in Asheville, N.C.