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

Is a recession looming?

ABC News’ business correspondent Alexis Christoforous takes a look at the warnings from economists about a pending recession. Plus, how it could affect you and what you can be doing to prepare.
3 hours ago
VIDEO: Is a recession looming?
March 21, 2025 at 11:01 PM

How the trade war could impact the US whiskey business

Rep. Morgan McGarvey (D-Ky.) discusses what he calls the "disastrous impact" the trade war could have to Kentucky's bourbon and whiskey industry.
March 21, 2025 at 11:01 PM
VIDEO: How the trade war could impact the US whiskey business
March 21, 2025 at 9:03 PM

New Yorkers scramble for free eggs

Thousands of eggs have been handed out across New York City as part of a free giveaway
March 21, 2025 at 9:03 PM
People continue waiting in line after FarmerJawn Agriculture ran out of free eggs at an egg giveaway, Friday, March 21, 2025, in the Harlem neighborhood of New York. (AP Photo/Julia Demaree Nikhinson)
March 20, 2025 at 7:49 PM

The latest on DOGE, immigration reform and the economy 

Donna Brazile and former New Hampshire Gov. Chris Sununu join “GMA3” to discuss the biggest issues happening now and impacting Americans across the country.
March 20, 2025 at 7:49 PM
VIDEO: The latest on DOGE, immigration reform and the economy 
March 20, 2025 at 3:20 PM

Trump criticizes Fed decision to maintain interest rates

Trump's comments came hours after the Fed opted to hold interest rates steady.
March 20, 2025 at 3:20 PM
President Donald Trump sits in the Oval Office of the White House in Washington, Mar. 7, 2025.
March 20, 2025 at 2:17 PM

US home sales rose in February as mortgage rates eased and more homes put up for sale

Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers
March 20, 2025 at 2:17 PM
FILE - A for sale sign stands outside a single-family home Thursday, June 27, 2024, in Englewood, Colo. (AP Photo/David Zalubowski, File)
March 20, 2025 at 1:47 PM

Fed leaves interest rates unchanged

Federal Reserve Chair Jerome Powell said on Wednesday that a “good part” of the inflation consumers are seeing are from President Donald Trump’s tariffs but doesn’t expect a long lasting inflation impact.
March 20, 2025 at 1:47 PM
VIDEO: Fed leaves interest rates unchanged
March 20, 2025 at 11:46 AM

Trump tariffs partly to blame for inflation: Fed chair

"We are not in a hurry," Federal Reserve Chair Jerome Powell said earlier this month.
March 20, 2025 at 11:46 AM
Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, Mar. 19, 2025.
March 20, 2025 at 1:34 AM

By The Numbers: Restaurant chains seeing biggest price increases

ABC News looks more closely at inflation concerns in the United States as prices continue to rise at popular chain restaurants.
March 20, 2025 at 1:34 AM
VIDEO: By the Numbers: Restaurant chains are raising prices
March 19, 2025 at 8:43 PM

Will Trump's tariffs threaten the Fed's soft landing? Experts weigh in.

The Fed is set to announce a its latest interest rate decision on Wednesday.
March 19, 2025 at 8:43 PM
Flags fly over the Federal Reserve Headquarters on a windy day in Washington, D.C., May 26, 2017.
March 19, 2025 at 8:41 PM

Fed chair faults Trump tariffs for 'good part' of inflation

The Federal Reserve held interest rates steady on Wednesday, faulting President Donald Trump's tariffs for a portion of recent price increases but opting for a patient approach.
March 19, 2025 at 8:41 PM
The Federal Reserve held interest rates steady on Wednesday, faulting President Donald Trump's tariffs for a portion of recent price increases but opting for a patient approach.
March 19, 2025 at 6:37 PM

Fed holds interest rates steady, opting for patience as Trump's tariffs roil markets

The Federal Reserve held interest rates steady on Wednesday, opting for a patient approach weeks after President Donald Trump's tariffs touched off a global trade war.
March 19, 2025 at 6:37 PM
VIDEO: Fed holds interest rates steady, opting for patience as Trump's tariffs roil markets
March 17, 2025 at 7:09 PM

Gold prices are soaring. Is it a good investment amid the stock selloff?

Gold topped $3,000 per ounce for the first time ever last week.
March 17, 2025 at 7:09 PM
Gold bars are shown stacked in a vault at the United States Mint on July 22, 2014 in West Point, N.Y.
March 17, 2025 at 4:14 PM

Weak retail sales report fuels economic concerns

ABC News’ Alexis Christoforous breaks down the report, which comes ahead of this week’s meeting of the Federal Reserve.
March 17, 2025 at 4:14 PM
VIDEO: Weak retail sales report fuels economic concerns
March 17, 2025 at 3:49 PM

Wholesale price of eggs drops for 3rd week in a row

The combination of prices scaring off customers, slowed outbreaks and a later Easter this year is resulting in less demand.
March 17, 2025 at 3:49 PM
Eggs are offered for sale at a store, March 12, 2025, in Chicago.
March 17, 2025 at 3:23 PM

Wholesale egg prices drop for 3rd straight week

ABC News’ Rhiannon Ally reports on the steep drop in egg prices and how long these lower prices are expected to last.
March 17, 2025 at 3:23 PM
VIDEO: Wholesale egg prices drop for 3rd straight week
March 17, 2025 at 2:59 PM

What February retail sales report could signal about the economy

ABC News’ Trevor Ault reports on the latest government retail data.
March 17, 2025 at 2:59 PM
VIDEO: What February retail sales report could signal about the economy
March 17, 2025 at 2:46 PM

US shoppers modestly increased spending last month as concerns rise about economy

US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount
March 17, 2025 at 2:46 PM
A shopper passes by a display of large-screen televisions in a Costco warehouse Monday, Feb. 3, 2025, in east Denver. (AP Photo/David Zalubowski)
March 17, 2025 at 11:17 AM

Tariffs on lumber, appliances set stage for higher costs on new homes

Shopping for a new home
March 17, 2025 at 11:17 AM
FILE - A beam is measured and marked at a housing site in Madison County, Miss., Tuesday, March 16, 2021. (AP Photo/Rogelio V. Solis, File)
March 17, 2025 at 10:35 AM

'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

The Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday
March 17, 2025 at 10:35 AM
FILE - Federal Reserve Chair Jerome Powell speaks during the annual U.S. Monetary Policy Forum, in New York, Friday, March 7, 2025. (AP Photo/Richard Drew, File)
March 16, 2025 at 10:19 PM

The US faces ‘not an insignificant probability’ of a recession: Diane Swonk

ABC News’ Martha Raddatz interviews KPMG Chief Economist Diane Swonk on “This Week.”
March 16, 2025 at 10:19 PM
VIDEO: 1-on-1 with KPMG Chief Economist Diane Swonk
March 16, 2025 at 10:18 PM

Trump's trade war throws some Florida businesses into uncertainty

On “This Week,” co-anchor Martha Raddatz speaks to business leaders in Florida about the impact of tariffs.
March 16, 2025 at 10:18 PM
VIDEO: Trump's trade war throws some Florida businesses into uncertainty
March 16, 2025 at 2:15 PM

Why gold prices are hitting an all time high

ABC News' Alexis Christoforous joins "GMA" to take a look at why some Americans are looking to purchase the precious metal.
March 16, 2025 at 2:15 PM
VIDEO: Why gold prices are hitting an all time high
March 16, 2025 at 1:46 AM

Consumer sentiment lowest since 2022

Signs show that Americans are cutting back on spending due to President Donald Trump's trade wars, soaring tariffs, inflation, and the high cost of groceries.
March 16, 2025 at 1:46 AM
VIDEO: Consumer sentiment lowest since 2022
March 16, 2025 at 12:26 AM

Strong Dollar drives American travelers abroad

Personal finance and utility columnist Jessica Roy delivers tips and tricks to save up for a vacation abroad.
March 16, 2025 at 12:26 AM
VIDEO: Strong Dollar drives American travelers abroad
March 14, 2025 at 3:46 PM

Consumer sentiment sours amid trade war, recession fears: Survey

The Trump administration's tariffs last week set off a market slump.
March 14, 2025 at 3:46 PM
A customer shops at a grocery store, Feb. 12, 2025 in Austin, Texas.
March 14, 2025 at 2:38 PM

Chances of recession amid Trump tariffs ‘have risen’: Analyst

Bankrate senior economic analyst Mark Hamrick explains the impact of President Donald Trump’s tariffs on the stock market.
March 14, 2025 at 2:38 PM
VIDEO: Chances of recession amid Trump tariffs ‘have risen’: Analyst
March 13, 2025 at 4:09 PM

Average US rate on a 30-year mortgage edges higher, ending a seven-week slide

The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers just in time for the spring homebuying season
March 13, 2025 at 4:09 PM
FILE - A sale sign stands outside a home on Thursday, Oct. 17, 2024, in the east Washington Park neighborhood of Denver. (AP Photo/David Zalubowski, File)
March 13, 2025 at 1:40 PM

February US wholesale prices unchanged showing inflation easing

U.S. wholesale inflation decelerated last month, suggesting that price pressures are easing for now
March 13, 2025 at 1:40 PM
FILE - Shoppers guide their carts through the milk display in a Costco warehouse Thursday, Jan. 23, 2025, in Sheridan, Colo. (AP Photo/David Zalubowski)
March 13, 2025 at 12:34 PM

Inflation up less than expected last month

Gasoline and airfare prices fell but egg prices continued to rise last month. ABC News’ Rebecca Jarvis has the latest on when consumers can expect to see more relief. 
March 13, 2025 at 12:34 PM
VIDEO: Inflation up less than expected last month
March 13, 2025 at 1:39 AM

By The Numbers: Inflation, rent increases and egg prices, oh my!

Economists were pleased today by the latest inflation numbers, so why does it still feel like there’s a hole in your pocket?
March 13, 2025 at 1:39 AM
VIDEO: By The Numbers: Inflation, rent increases and egg prices, oh my!
March 12, 2025 at 9:50 PM

How to keep your money safe amid a volatile market 

ABC News business reporter Alexis Christoforous shares what you need to know about keeping your money safe amid a volatile market.
March 12, 2025 at 9:50 PM
VIDEO: How to keep your money safe amid a volatile market 
March 12, 2025 at 8:25 PM

Europe, Canada retaliate as Trump tariffs on metals take effect

Ursula von der Leyen, president of the European Commission, said in a statement that the EU "must act to protect consumers and business."
March 12, 2025 at 8:25 PM
European Commission president Ursula von der Leyen addresses European Parliament members on new plans to ramp up defense spending agreed at last week's summit, Tuesday, March 11, 2025 at the European Parliament in Strasbourg, eastern France.
March 12, 2025 at 8:25 PM

Egg prices soar as inflation cools in first full month of Trump term

Trump touted Tuesday's inflation report as "very good news."
March 12, 2025 at 8:25 PM
Eggs are displayed for sale in a Manhattan grocery store on February 25, 2025 in New York City.
March 12, 2025 at 5:49 PM

Money-saving tips to help you prepare for a recession

Author and business coach Rachel Rodgers shares some survival tips you can follow to navigate a recession.
March 12, 2025 at 5:49 PM
VIDEO: Money-saving tips to help you prepare for a recession
March 12, 2025 at 1:51 PM

Inflation cools in first full month of Trump term

The inflation report arrived as markets slide and recession fears grow. ABC News’ Alexis Christoforous reports.
March 12, 2025 at 1:51 PM
VIDEO: Inflation cools in first full month of Trump term
March 11, 2025 at 9:46 PM

Speaker Johnson defends Trump amid stock market losses: 'It's a shakeup'

Speaker Mike Johnson was asked for his reaction as the stock market wobbles amid Trump's tariff upheaval.
March 11, 2025 at 9:46 PM
Speaker Mike Johnson was asked for his reaction as the stock market wobbles amid Trump's tariff upheaval.
March 11, 2025 at 9:27 PM
A trader works on the floor of the New York Stock Exchange at the opening bell in New York City on March 10, 2025.
March 11, 2025 at 9:01 PM

'We are in a period of economic transition': White House does not rule out recession

When asked if she can reassure Americans that there's not going to be a recession, White House press sec. Karoline Leavitt says losses in the stock market are a "snapshot of a moment in time."
March 11, 2025 at 9:01 PM
When asked if she can reassure Americans that there's not going to be a recession, White House press sec. Karoline Leavitt says losses in the stock market are a "snapshot of a moment in time."
March 11, 2025 at 8:32 PM

Johnson, House GOP dismiss market turmoil in defending Trump tariff policies

House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.
March 11, 2025 at 8:32 PM
House Speaker Mike Johnson speaks during a press conference ahead of a potential budget vote at the U.S. Capitol in Washington, Mar. 11, 2025.
March 11, 2025 at 8:30 PM

US stocks drop, Dow closes down amid fresh tariffs on Canada, recession fears

The selloff on Tuesday extended losses suffered a day earlier.
March 11, 2025 at 8:30 PM
A trader works on the floor of the New York Stock Exchange at the opening bell in New York City on March 10, 2025.
March 11, 2025 at 5:31 PM

‘Things are looking up’ for US economy: GOP congressman

Rep. Mark Alford, R-Missouri, discusses tariffs, recession fears, government funding and more.
March 11, 2025 at 5:31 PM
VIDEO: ‘Things are looking up’ for US economy: GOP congressman
March 11, 2025 at 4:27 PM

Top recession questions answered

ABC News’ Alexis Christoforous on what you need to know about preparing for a potential recession.
March 11, 2025 at 4:27 PM
VIDEO: Top recession questions answered
March 11, 2025 at 2:48 PM

As Tesla stock falls, some pension fund managers worry and critics rage

Since Elon Musk went to Washington, D.C., to slash the government, the stock of his car company Tesla has taken a significant hit, worrying some shareholders.
March 11, 2025 at 2:48 PM
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with President Donald Trump, Mar. 9, 2025 in Washington.
March 11, 2025 at 1:03 PM

Stocks plunge as Trump tariff fallout deepens

U.S. stocks plunged on Monday, suffering widespread losses amid an escalating trade war a day after President Donald Trump declined to rule out the possibility of a recession.
March 11, 2025 at 1:03 PM
VIDEO: Stocks plunge as Trump tariff fallout deepens
March 11, 2025 at 1:32 AM

Recession risks are rising, economists say. Here's what to know.

Trump's tariffs touched off a stock market plunge in recent days.
March 11, 2025 at 1:32 AM
Recession risks are rising, economists say. Here's what to know.
March 10, 2025 at 10:16 PM

US stocks plunge on recession fears amid escalating tariffs

U.S. stocks plunged on Monday, suffering widespread losses amid an escalating trade war a day after President Donald Trump declined to rule out the possibility of a recession.
March 10, 2025 at 10:16 PM
VIDEO: US stocks plunge on recession fears amid escalating tariffs
March 10, 2025 at 8:57 PM

Recession risks are rising, economists say. Here's what to know.

Trump's tariffs touched off a stock market plunge in recent days.
March 10, 2025 at 8:57 PM
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, Jan. 26, 2022.
March 10, 2025 at 8:45 PM

Stocks plunge, market closes down on recession fears amid escalating tariffs

The major stock indexes plunged on Monday amid fears of a possible recession.
March 10, 2025 at 8:45 PM
Traders and financial professionals work on the floor of the New York Stock Exchange at the opening bell in New York City, Mar. 10, 2025.
March 10, 2025 at 7:07 PM

Wall Street uneasy amid new tariffs

ABC News’ Rebecca Jarvis reports on the growing concerns about the economy among traders.
March 10, 2025 at 7:07 PM
VIDEO: Wall Street uneasy amid new tariffs