Economy

GDP Increased 3.1% in 2023 as Consumers Kept Spending
Economy
GDP Increased 3.1% in 2023 as Consumers Kept Spending
January 25, 2024

America’s economy grew 3.1% in 2023 amid continued consumer spending on vehicles and electronics. 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...

Disposable Income Rises in Q4, but Will Consumers Keep Spending?
Economy
Disposable Income Rises in Q4, but Will Consumers Keep Spending?
January 25, 2024

Headline numbers reveal that the United States economy keeps growing, outpacing expectations. 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...

Consumers Feeling Better About Inflation — Will They Feel Comfortable Spending?
Economy
Consumers Feeling Better About Inflation — Will They Feel Comfortable Spending?
January 19, 2024

Headed into the new year, consumers are confident about the economy, and about overall trends in 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...

Unemployment Claims Fall With Fewer Layoffs in Transportation, Warehousing
Economy
Unemployment Claims Fall With Fewer Layoffs in Transportation, Warehousing
January 18, 2024

The number of initial claims for unemployment benefits filed during the week ended Saturday (Jan. 13) was the lowest since Sept. 24, 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

PYMNTS Data: Inflation-Adjusted Retail Sales Offer Hope for Merchants Beyond the Holiday Surge
Economy
PYMNTS Data: Inflation-Adjusted Retail Sales Offer Hope for Merchants Beyond the Holiday Surge
January 18, 2024

Inflation’s been the main concern for merchants and consumers through the past few years. 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...

Fed’s Beige Book Says Holiday Spending Met or Exceeded Expectations
Economy
Fed’s Beige Book Says Holiday Spending Met or Exceeded Expectations
January 17, 2024

Economic activity in the United States remained relatively stable from mid-November through December.  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....

US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
Economy
US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
January 15, 2024

U.S. lawmakers are engaged in discussions over a potential deal that could provide $70 billion worth of tax breaks for businesses and families.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
Economy
Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
January 14, 2024

The good news: Economists are less confident the U.S. will see a recession. 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....

Producer Price Index of Wholesale Prices Drops for Third Month, Indicating Easing Inflation
Economy
Producer Price Index of Wholesale Prices Drops for Third Month, Indicating Easing Inflation
January 12, 2024

The Producer Price Index (PPI) declined for a third consecutive month in December.  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....