Economy

Economy
Insured Unemployment Reaches Highest Level in 3 Years
October 24, 2024

The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest level in about three years, the Department of Labor said in a Thursday (Oct. 24) press release. Get the Full Story Complete the form to unlock this article and enjoy...

Markets
FinTechs Looking to Enter the US Market Better Be Sponsor-Bank Ready, Says Thredd’s McCarthy
October 22, 2024

When it comes to overall opportunity, the United States isn’t a hard sell. 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
Fannie Mae Upgrades Outlook on US Economy
October 17, 2024

America’s economy is in a better place than previously thought, new Fannie Mae research shows. 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
Back-to-School Shopping Drives Consumer Spending Surge in September
October 17, 2024

September’s retail sales data showed a (slight) acceleration of spending from August, though we’re well off past peaks. 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...

Economy
Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers
October 11, 2024

Lower inflation and interest rates may give some relief to consumers who need it most, Wells Fargo CEO Charlie Scharf said Friday (Oct. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
October 11, 2024

Consumer sentiment inched down in early October amid continued frustration over the prices of goods and services. 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
Flat Wholesale Price Reading Will Influence Rate Cut Expectations
October 11, 2024

The Producer Price Index (PPI) was unchanged in September after rising 0.2% in August. 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...

Economy
Latest CPI Data Finds Consumers Literally Spend More Bread to Buy Bread
October 10, 2024

In economics, there’s often a bifurcation when it comes to data — the difference between what the headlines tell us and what the wallet feels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Jobless Claims Rise Amid Hurricanes, Automaker Layoffs and Boeing Strike
October 10, 2024

The effects of Hurricane Helene, cutbacks in the auto industry and furloughs related to a strike at Boeing drove U.S. jobless claims to their highest total in a year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...