Group of 30, an independent global consultative group, said Wednesday (April 30) that the Federal Reserve should focus on its 2% inflation target, prioritizing that over its unemployment objective. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Consumer spending, the chief engine of economic growth, was not enough to stop an overall pullback in U.S. gross domestic product (GDP). And with evidence of a slowing gains in disposable income, consumers’ appetite to keep spending look set to be tested. Get the Full...
Consumer confidence declined for the fifth consecutive month in April as consumers expressed growing concerns about tariffs’ negative effects on prices and the economy, The Conference Board said Tuesday (April 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Springtime in Washington, D.C. Cherry blossoms color the presidential monuments. Outdoor cafés in Georgetown are bustling. It’s a time when the talk of the town turns to … baby strollers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Trade and tariffs may be the dominant risks to banks and corporates, but in the Federal Reserve’s latest “Financial Stability Report,” nonbank firms, leveraged debt and stablecoins are on the list of threats to the financial system in the United States. Get the Full Story...
A new International Monetary Fund (IMF) report spotlights trouble in the private lending sector. 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...
Do the math. 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 this form, you agree to receive marketing communications...
Major U.S. corporate leaders are raising serious concerns that President Trump’s constantly shifting tariff policies are spooking consumers and throwing business planning into disarray, according to a Wall Street Journal report. The CEOs of companies like American Airlines, PepsiCo, and Procter & Gamble have warned...
Businesses may be feeling cautious because of uncertainty around tariffs, but they are generally not laying off workers. 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...
