Economy

Economy
Buy Now or Pay More Later: Consumer Sentiment Drives Spending on Big-Ticket Items
December 06, 2024

Now’s the time to buy — because everything might get more expensive, sooner rather than later. To that end, the latest edition of the University of Michigan’s Consumer Sentiment Index shows consumers are positive about near-term current economic conditions. At the same time, they’re eyeing near-term...

Economy
Paycheck-to-Paycheck Consumers Eye Job Changes as Labor Market Shows Strength
December 06, 2024

It’s a natural reflex, part of human nature: When the pressure’s on, we look to a solution. 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
Jobless Claims Rise Amid Typical Seasonal Volatility
December 05, 2024

Jobless claims reportedly rose last week, though media reports suggested that the rise was due to the volatility in data that is typically seen around holidays. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Fed Beige Book: Slight Economic Growth, Rising Business Optimism
December 04, 2024

PYMNTS Intelligence, through the last several months, has taken stock of where consumers are spending, and how they contend with inflation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Beyond the Numbers: Decoding the JOLT Report’s Impact on Consumer Spending
December 03, 2024

Earlier this year, PYMNTS Intelligence found that only a minority of workers surveyed — at 20% — said that it was “very or extremely” likely that they’d switch jobs in the next year. At the same time, we noted that 83% of consumers eyed 2024...

Economy
Bank of England Seeks Ability to Lend to Non-Bank Financial Institutions
November 29, 2024

The Bank of England aims to develop the ability to lend to non-bank financial institutions (NBFIs). 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
October’s Surprise: Inflation Heats Up While GDP Cools Down
November 27, 2024

The Personal Consumption Expenditures Price Index for October showed a re-ignition of inflation. 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
Latest GDP Data Indicates Continuing Pressures on Disposable Income
November 27, 2024

The Bureau of Economic Analysis confirmed Wednesday (Nov. 27) that third-quarter GDP grew at a 2.8% rate, unchanged from a previous estimate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Report: Trump Tariffs Could Cost Consumers $78 Billion Per Year
November 24, 2024

Recent research shows that President-elect Donald Trump’s tariff proposals could cost American consumers. 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....