Economy

Economy
Grocery Shoppers Not Only Trade Down but Now Cut Back
September 28, 2023

As consumers’ economic challenges persist even with grocery inflation declining, brands and merchants alike are seeing consumers pull back on food and beverage purchasing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
CarMax Reports Shoppers ‘Staying on Sidelines’ Amid High Interest Rates
September 28, 2023

Some would-be car buyers are putting off purchases due to higher interest rates, according to used auto retailer CarMax. 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...

Economy
Bank of America CEO Brian Moynihan Expects Soft Landing for Economy
September 27, 2023

Bank of America Chairman and CEO Brian Moynihan reportedly said he believes that the economy is heading toward a soft landing, avoiding a recession.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Holiday Season Will Put Pressure on Consumers’ Grocery Budgets
September 27, 2023

During seasons of high spending, such as over the holidays, many consumers are forced to cut back on basic needs such as food and beverages, PYMNTS Intelligence revealed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
US Durable Goods Orders Climb as Consumer Confidence Falls
September 27, 2023

U.S. durable goods orders climbed unexpectedly in August, per new government data. 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
New Homes and Cars ‘Completely Unaffordable’ Amid High Interest Rates, Says Moody’s
September 26, 2023

The Federal Reserve indicated last week that higher interest rates will likely stick around. 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
80% of Americans See Savings Decline Since Pandemic Peak
September 25, 2023

Most Americans are reportedly facing financial challenges as their pandemic savings have dwindled. 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
Aldi Says Inflation Has Changed How UK Shoppers Buy Groceries
September 25, 2023

Discount supermarket chain Aldi said it has experienced record sales in the United Kingdom as shoppers seek affordable groceries. 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
Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
September 21, 2023

The Philadelphia Federal Reserve’s September Manufacturing Business Outlook Index offers up a monthly survey of manufacturers’ current business conditions and their outlook on what’s to come. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...