Everyone seems to have an opinion on trade policies and tariff rates these days. But the ones that matter are from the companies that need to plan in accordance with their fluctuations. Increasingly, U.S. companies appear to be placing their bets that the White House’s...
The news that consumers expect to see a slowdown in inflation is, arguably, optimistic. As PYMNTS reported Monday (June 9), the Federal Reserve Bank of New York’s latest reading on inflation expectations indicates that households see declines in inflation’s growth — we emphasize the “growth”...
When the thermometer starts to climb this summer, your electric bill will likely climb with it. That’s according to recent figures from the U.S. Energy Information Administration (EIA), showing that the average American home will spend around $186 per month on electricity during June, July...
Will this be a long, hot summer for the U.S. economy? As The Wall Street Journal (WSJ) reported Sunday (June 8), while job growth held steady last month and unemployment remains lower, there are still risks facing the American economy. For one, the labor market...
American consumers likely saw somewhat faster inflation last month, especially for merchandise. That’s according to a report Sunday (June 8) by Bloomberg News, citing a survey of economists. That survey projected a 0.3% uptick in the price of goods and services — excluding volatile food...
The paydowns earlier this year were temporary. And as the latest consumer credit data from the Federal Reserve on Friday (June 6) indicated, consumers turned to credit as a way to pay for goods and services, in an April rush that indicates they sped up...
A month and a half since the Federal Reserve’s last Beige Book, which takes the pulse of the economy through observations of businesses and community conditions across the central bank’s 12 districts, hiring is slowing and tariffs have weighed on corporate hiring decisions. Demand for...
Just before tariffs took root in April, PYMNTS Intelligence found in its “Certainty Project” report that a majority of firms across various sectors anticipated higher costs. At the time, 42% of services firms said they were considering raising prices on their products, and 3 in...
Private sector job growth slowed in May, declining to the lowest level seen in two years, ADP said Wednesday (June 4). The private sector added 37,000 jobs during the month, a figure that was down from the revised total of 60,000 jobs added in April...