Economists are forecasting that there is a 28% probability that the country could fall into a recession sometime during the next 12 months, up from 18% in January and 13% last April, The Wall Street Journal reported on Monday (April 11). Get the Full Story...
Inflation is letting some air out of pricey, coveted consumer packaged goods (CPG) name brands amid evidence that shoppers feel pinched and are shifting to discount labels and stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The latest data from the car industry might point to some troubling signs for the U.S. consumer’s propensity to spend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The U.S. economy picked up 431,000 new jobs in March as the unemployment rate dropped to a pandemic low of 3.6% from 3.8% last month, marking one of the fastest economic rebounds in decades, according to data released Friday (April 1) from the U.S. Bureau...
With the dual punches of runaway inflation and the ongoing Russian attack on Ukraine, consumer spending in February went up at a slower pace of 0.2%, down from a revised 2.7% increase in January, according to the Thursday (March 31) report from the U.S. Commerce...
Around the world, rising food prices are forcing cooks, home and professional alike, to reconsider how they prepare their foods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
In a sign that the economy is gaining momentum, applications for unemployment insurance fell last week to the lowest since 1969, the U.S. Department of Labor (DOL) reported Thursday (March 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Square on Wednesday (March 23) released data that shows workers who are returning to their offices after two years at home because of the COVID-19 pandemic will be faced with what’s being called “lunch-flation,” as their midday meals will cost more than when they last...
Numerous issues are being hashed out at the Bloomberg Equality Summit to look into how the economy is developing, including the potential that the war in Ukraine may last for quite some time, Bloomberg reported Tuesday (March 22). Get the Full Story Complete the form...
