Firms’ year-ahead inflation expectations remain “relatively unchanged” at 2.3%, on average, the Federal Reserve Bank of Atlanta said in a Wednesday (Aug. 20) press release about its August Business Inflation Expectations (BIE) Survey. That figure is the same as the 2.3% recorded in the July...
The U.S. middle class is more than a household income bracket. The American middle class has always been the heartbeat of the U.S. economy. The symbol of the American Dream. The chance to own a home, raise a family and build a better future. For...
Tariffs are visibly squeezing the budgets of the most financially vulnerable consumers in the United States. Now, new research from PYMNTS Intelligence reveals a more subtle yet pervasive erosion of financial stability across a broader spectrum of households, which in turn may impact credit risk....
Exports from the European Union’s 27 member states to the United States reportedly dropped 10% year over year in June due to new U.S. tariffs. These exports were gauged at €40 billion in June after having reached a record high of €72 billion in March...
The July retail sales report showed solid spending overall, but a deeper dive into category-by-category spending reveals a bit of give and take. The households budgets in the paycheck-to-paycheck economy are still pinched, and consumers used July to stock up in a few key discretionary...
The long-predicted U.S. boom in prediction markets may finally be arriving. Provided, of course, that the industry can navigate two treacherous shoals: U.S. financial regulation and the emerging problem of “crypto whales” that can sway outcomes. Prediction markets, or platforms where traders buy and sell...
The U.S. debt clock didn’t just notch another record Tuesday (Aug. 12), it smashed it. The deficit blew past $37 trillion, effectively creating a shadow benchmark that could soon rival the Federal Reserve’s policy rate in steering borrowing costs across the economy. According to the...
President Donald Trump said Tuesday (Aug. 12) that Goldman Sachs and CEO David Solomon should replace the bank’s chief economist and disputed the bank’s predictions about the effects of U.S. tariffs. “They made a bad prediction a long time ago on both the market repercussion...
European car exporters are wrestling with uncertainty surrounding American tariffs despite a recent trade deal. That’s according to the CEO of Wallenius Wilhelmsen, operator of one of the world’s biggest car-carrier fleets, who discussed the issue in a Tuesday (Aug. 12) interview with Reuters. The U.S. and European...