Economy

Inflation Slows but Food Still Eats Up Purchasing Power 
Economy
Inflation Slows but Food Still Eats Up Purchasing Power 
December 12, 2023

The grocery bill may increasingly be hard to swallow. The restaurant tab may make diners hesitant to reach for the check, and perhaps seek to split the bill with the rest of the table. Get the Full Story Complete the form to unlock this article...

Fed Finds Consumers Are More Optimistic About Short-Term Inflation Prospects 
Economy
Fed Finds Consumers Are More Optimistic About Short-Term Inflation Prospects 
December 11, 2023

For consumers mulling where inflation’s headed, the Fed finds short-term optimism. 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...

Consumer Goods Prices Drop as Supply Chains Reopen
Economy
Consumer Goods Prices Drop as Supply Chains Reopen
December 10, 2023

Following a long battle with inflation, shoppers are discovering deals once more. 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...

Consumer Sentiment Soars With Expectation of Lower Inflation
Economy
Consumer Sentiment Soars With Expectation of Lower Inflation
December 08, 2023

Consumer sentiment soared in December, reaching a point 13% higher than the previous month and 16% above the year-ago level. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

ADP: Pay Hikes for Job Switchers Hits Three-Year Low
Economy
ADP: Pay Hikes for Job Switchers Hits Three-Year Low
December 06, 2023

Workers hoping to switch jobs for a pay increase are in for some unpleasant news. 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,...

Bank of America CEO Brian Moynihan Says Economy Has Normalized
Economy
Bank of America CEO Brian Moynihan Says Economy Has Normalized
December 05, 2023

Bank of America CEO Brian Moynihan said Tuesday (Dec. 5) that there are signs of the economy slowing down but expressed optimism that it will experience a soft landing rather than a recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Job Openings Drop to 2021 Levels as Hiring Slows
Economy
Job Openings Drop to 2021 Levels as Hiring Slows
December 05, 2023

New data from the U.S. Labor Department shows job openings at their lowest level in more than two 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...

Deflation Trend Could Pull Inflation Back to 2%
Economy
Deflation Trend Could Pull Inflation Back to 2%
December 03, 2023

Deflation has made its presence known, and could help bring inflation down to 2%. 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: Smaller Banks Report Pressure on Commercial Loan Demand
Economy
Fed: Smaller Banks Report Pressure on Commercial Loan Demand
November 30, 2023

The Federal Reserve’s Beige Book — released eight times a year — collects qualitative observations about current economic conditions across the central bank’s dozen districts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...