Economy

Economy
Inflation Cools; Prices Still 22% Higher Than Before the Pandemic
May 15, 2024

April’s Consumer Price Index (CPI) data shows that inflation’s torrid pace is cooling, at least a bit. 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...

Economy
As Consumers Pause Spending in April, Is Summer Slowdown Looming for Merchants?
May 15, 2024

It remains to be seen if April will be the pause that refreshes or if consumers will pinch their wallets shut for a longer period, ushering in summer doldrums for merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Bank of America CEO: Consumers Show Spending ‘Resilience’
May 14, 2024

Bank of America’s CEO says consumer spending is still healthy despite steep interest rates. 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....

Economy
Sticky Prices Continue to Pressure Consumers  
May 13, 2024

This week, the latest spate of data from the government on spending trends will be released. 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
Corporate Bankruptcies Hit Highest Level in Since April 2023 Amid High Interest Rates
May 12, 2024

U.S. corporate bankruptcies reached their highest level in a year in April. 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...

Economy
McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
May 10, 2024

McDonald’s is reportedly encouraging franchisees to vote to implement a $5 meal deal to bring back consumers who have left because of high prices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Labor Department Reports Year’s Biggest Increase in Initial Jobless Claims
May 09, 2024

The number of initial claims for unemployment insurance leapt by 22,000 during the week ended Saturday (May 4). 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
Tesla Cutting Jobs Across Departments as Part of Restructuring
May 06, 2024

Tesla has reportedly laid off employees across several departments over the last three weeks. 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....

Economy
Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
May 02, 2024

This week, the Federal Reserve announced it will keep its benchmark interest rate in the same 5.25%–5.50% holding pattern that it has occupied since last July.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...