Economy

Economy
Wall Street Wobbles on Cheesecake Factory as Inflation Hits Restaurant Spending
December 13, 2022

As inflation cuts into restaurant spending, Goldman Sachs has cut its opinion of Cheesecake Factory’s stock. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Economy
November Inflation Eases to 11-Month Low of 7.1%
December 13, 2022

Declines in food, fuel and used cars prices pushed annual inflation to an 11-month low. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Economy
Consumers See Higher, Longer Inflation Than Government – Why That Matters
December 12, 2022

PYMNTS’ national study of 13,250 U.S. consumers over the last seven months may tell policymakers everything they need to know about inflation expectations: consumers think it will take another nineteen months — until roughly June 2024 — for inflation to return to the Fed’s 2...

Economy
America’s Household Income Continues Three-Quarter Slide
December 12, 2022

U.S. household income declined this summer for the third straight quarter as stock prices fell. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Economy
Consumers Say Inflation Twice as Bad as Government Reports
December 09, 2022

Perception is hitting harder than reality for consumers, as inflation levels balloon to historic highs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Economy
Nearly Half of All Grocery Shoppers Are Switching Stores
December 08, 2022

As prices continue to skyrocket, consumers are abandoning their go-to grocers in search of savings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Economy
Car Dealers Pessimistic as Consumers Cut Big-Ticket Spending
December 08, 2022

Car dealers are closing 2022 in a gloomy mood as U.S. consumers shun big-ticket purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Economy
Mastercard: Housing Costs and Inflation Squeeze Consumer Spending
December 08, 2022

High inflation and interest rates are affecting groups in different ways.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Economy
Boston Fed Study Ties Kids to Consumption During Economic Downturns
December 06, 2022

Despite the holiday cheer, American consumers are growing increasingly anxious about the economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....