Price hikes in gas, food and shelter led the way to 40-year record high inflation, with the consumer price index — a key indicator of U.S. inflation — hitting 7.9% up from 7.5% in January, according to the Consumer Price Index Summary report released by...
Thus far, amid a pandemic, inflation, wars waged in Europe, and the risk of cyberthreats, the U.S. consumer has kept spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Over the last two years, those who sell the products and services that keep cars on the road have seen wild swings in two of their key drivers of demand: miles driven and the price of gas. Get the Full Story Complete the form to...
U.S. consumer borrowing saw an uptick in January, though at the slowest pace in a year, with households paying down credit card balances after the holiday shopping season, Bloomberg wrote Monday (March 7). Get the Full Story Complete the form to unlock this article and...
Global financial conditions are the worst they’ve been in years, as high energy prices and the Russia-Ukraine conflict, along with sliding stocks and supply chain setbacks, portend a dire future, Reuters reported Monday (March 7). Get the Full Story Complete the form to unlock this...
The wage growth in the U.S. slowed a little in February — though it was still at “historically high” levels, The Wall Street Journal reported Friday (March 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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The U.S. economy added 678,000 jobs in February and the unemployment rate edged down to 3.8%, according to a U.S. Bureau of Labor Statistics Employment Situation report on Friday (March 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In the darkest days of the pandemic, all of us shifted to sheltering in place, and especially to working from home, fleeing to the countryside if and when we could, the demise of the big city downtown seemed set in stone. Get the Full Story...
