Economy

A nationwide survey of grocery prices by the American Farm Bureau Federation showed that a Thanksgiving dinner this year is at its lowest level since 2021.

Donald Trump’s proposed tariffs will dent U.S. economic growth going into 2026, said Morgan Stanley’s chief global economist Seth Carpenter.

Senate Judiciary Committee members say the ‘duopoly’ has left retailers with no ability to negotiate high interchange fees.

Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations.

Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories, such as car insurance, are trouble spots.

With the unemployment rate low and inflation easing, Trump will inherit an economy primed for growth.

There’s been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.

The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say.

The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation.

Inventory was 23% higher from September 2023 last month, good news for home buyers as it gives consumers more properties to view before making a decision.

The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.

The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.

Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher.

U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977.

Port of Los Angeles Executive Director Gene Seroka speaks on the impacts of strikes on the other side of the country. Video broadcast Tuesday Oct. 1, 2024 on the NBC4 News at 3 p.m.

While workers at West Coast ports are not on strike, consumers may feel the effects this upcoming holiday season.

What does the strike mean for West Coast ports? John Cádiz Klemack reports for the NBC4 News at 11 a.m. on Tuesday Oct. 1, 2024. 

The first thing that’s going to be impacted by the dockworkers strike, experts said, is fresh produce, like bananas, and fresh seafood.

Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.

For the first time in four years, the Federal Reserve cut interest rates by .50% in hopes to increase employment. Conan Nolan reports for the NBC4 News at 3 p.m. on Sept. 18, 2024.