Economy

Economy
Report: Climbing CPI Could Force More Fed Rate Hikes
April 09, 2023

Durable U.S. inflation last month could test the Federal Reserve. 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 this...

Economy
Emerging Economies Face FX Challenges
April 09, 2023

Most of the world’s developing economies saw foreign exchange reserves dwindle during the COVID-19 pandemic. 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,...

Economy
23% of Working Americans Now Have Side Hustles
April 07, 2023

The side hustle has never been more germane to the U.S. consumer, as large numbers of employed people have taken on extra work in the face of 40-year inflationary highs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Wage Growth Signals Pain Ahead for Main Street’s Small Businesses
April 07, 2023

For Main Street small businesses, the margin pressure will continue. 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 this...

Economy
Consumers Don’t See End to High Inflation Until October 2024
April 06, 2023

At first glance, it may seem like the economy is finally edging towards recovery, albeit uneven. After all, the latest inflation release reports that some categories are ticking down enough to lower the overall inflation rate, although the rates for consumer essentials such as groceries remain persistently...

Economy
Retail Sales Show Consumers Focused on Necessities
April 06, 2023

With inflation persisting, consumers are spending more on necessities and experiences. 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...

Economy
Lingering Pandemic-Related Trends Contribute to Labor Shortage
April 05, 2023

Americans are still working less than they did before the pandemic. 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...

Economy
Small Businesses Slow Hiring Amid Uncertain Consumer Demand
April 05, 2023

Main Street businesses are pulling back on hiring. 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 this form, you...

Economy
McDonald’s Preps for Layoffs as Restaurants Strain Under Economic Pressure
April 03, 2023

McDonald’s is reportedly cutting corporate staff as restaurant margins take a hit amid economic stress. 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,...