Economy

Economy
Could Mixed Inflation Expectations Predict A Spending Slowdown?
July 08, 2024

A bumpy but generally downward path for inflation — and the prices paid for all manner of goods — may pressure consumers to pull back on spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Jobs Report Projected to Show Cooling Wage Growth
July 04, 2024

This month’s jobs report is projected to show slowing hiring and cooling wages. 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....

Economy
ADP: Job Growth Cools for Third Consecutive Month
July 03, 2024

Job growth in the private sector cooled in June, marking the third consecutive month of a slowdown. 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...

Economy
New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
July 02, 2024

Since the start of the pandemic, PYMNTS Intelligence has tracked the real impact of inflation, as real wages, adjusted for price increases, have failed to keep pace with sticker shock. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
June 28, 2024

The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those were the mixed messages sent from the Bureau of Economic Analysis report released Friday (June 28) on personal income and...

Economy
Insured Unemployment Number Reaches Highest Level Since 2021
June 27, 2024

The number of people receiving unemployment benefits reached its highest level in over two years. 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
Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
June 27, 2024

The third estimate of how gross domestic product (GDP) fared in the first quarter showed — at least in the headline number — there was a slight boost from previous estimates. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Consumers Are Tired of Merchant Surcharges and Tipflation
June 26, 2024

Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and tipflation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Consumer Confidence Slips Amid Concerns About Future Income, Business Conditions
June 25, 2024

Consumer confidence slipped slightly in June but didn’t stray far from where it’s been for two years. 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...