Economy

Economy
Inflation Slows, but Consumers Still Grapple With High Cost of Everyday Essentials
April 12, 2023

The headlines show that inflation may be cooling, but for consumers bearing the brunt of sticker shock, the damage may have already been done. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Gap Between Grocery and Retail Prices Widens As Consumers Expect Price Hikes
April 11, 2023

Retail inflation once far outpaced food inflation, but the trend has long since reversed. 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
IMF Lowers Forecast for Global Economic Growth After Banking Crises
April 11, 2023

Lingering effects of the pandemic and new pressures from banking crises are impacting economic growth. 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
More Restaurant Consumers Now Skip the Tip
April 10, 2023

As economic pressures prompt consumers to rethink their spending, diners are becoming more stingy with tips. 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...

Economy
Report: Climbing CPI Could Force More Fed Rate Hikes
April 09, 2023

Durable U.S. inflation last month could test the Federal Reserve. 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...

Economy
Emerging Economies Face FX Challenges
April 09, 2023

Most of the world’s developing economies saw foreign exchange reserves dwindle during the COVID-19 pandemic. 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
23% of Working Americans Now Have Side Hustles
April 07, 2023

The side hustle has never been more germane to the U.S. consumer, as large numbers of employed people have taken on extra work in the face of 40-year inflationary highs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Wage Growth Signals Pain Ahead for Main Street’s Small Businesses
April 07, 2023

For Main Street small businesses, the margin pressure will continue. 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...

Economy
Consumers Don’t See End to High Inflation Until October 2024
April 06, 2023

At first glance, it may seem like the economy is finally edging towards recovery, albeit uneven. After all, the latest inflation release reports that some categories are ticking down enough to lower the overall inflation rate, although the rates for consumer essentials such as groceries remain persistently...