Retail sales rose again in April, but the latest government data showed consumers continuing to shift spending toward necessities while pulling back in several categories tied to discretionary purchases and larger household items. Get the Full Story Complete the form to unlock this article and...
Inflation accelerated again in April, intensifying pressure on consumers who were already struggling to keep pace with rising costs for food, housing and healthcare. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The labor market added jobs at a moderate pace in April, but the latest employment data also underscored a reality that has increasingly defined the U.S. economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Consumers are more pessimistic and more uncertain about the rate of inflation over the next year than they were a month ago, according to data released Thursday (May 7) by the Federal Reserve Bank of New York. Get the Full Story Complete the form to...
The number of hires increased to 5.6 million in March, a figure that was 655,000 higher than the previous month, the Bureau of Labor Statistics (BLS) said in a Job Openings and Labor Turnover Summary (JOLTS) report released Tuesday (May 5). Get the Full Story...
Wage growth is easing across the private sector, and the latest Employment Cost Index makes clear the deceleration is no longer a blip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The wallets are open, but the runway is getting shorter. Consumer spending in March continued to outpace income growth, with rising energy costs and everyday necessities absorbing a larger share of household income and leaving Americans with less financial flexibility than a year ago. Get...
The Conference Board’s Leading Economic Index (LEI) declined by 0.6% in March amid higher oil prices and stressed supply chains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Polymarket has approached the Commodity Futures Trading Commission (CFTC) to seek an end to the current prohibition that keeps U.S. customers from accessing its prediction market platform, Bloomberg reported Tuesday (April 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
