Economy

Fed Chair Says Core Inflation Won’t Reach 2% Target Until 2025
Economy
Fed Chair Says Core Inflation Won’t Reach 2% Target Until 2025
June 28, 2023

The Federal Reserve’s chairman says core inflation may not reach the 2% mark until 2025. 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,...

Consumers Turn to Specialty eGrocers to Get Smarter With Splurges
Economy
Consumers Turn to Specialty eGrocers to Get Smarter With Splurges
June 23, 2023

As consumers manage their food budgets in response to inflation, many are turning to specialty and niche eGrocers to be selective about what they splurge on, according to Umamicart Co-founder and CEO Andrea Xu. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Unemployment Claims Remain at Highest Level in 20 Months
Economy
Unemployment Claims Remain at Highest Level in 20 Months
June 22, 2023

U.S. unemployment claims were flat last week, remaining at the highest level in 20 months. 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,...

Paycheck-to-Paycheck Pressures to Continue as Powell Signals More Rate Hikes
Economy
Paycheck-to-Paycheck Pressures to Continue as Powell Signals More Rate Hikes
June 21, 2023

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 agree to receive marketing communications from PYMNTS and...

Rising Interest Rates Starting to Erode Purchasing Power
Economy
Rising Interest Rates Starting to Erode Purchasing Power
June 18, 2023

The Federal Reserve’s interest rate increases are reportedly starting to erode consumer and business purchasing power. 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...

US Business Inventories Spring Up Slightly in April
Economy
US Business Inventories Spring Up Slightly in April
June 15, 2023

America’s business inventories enjoyed a slight rebound in April, according to new Commerce Department 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...

Retail Sales Data Shows Consumers Remain Undaunted by Inflation
Economy
Retail Sales Data Shows Consumers Remain Undaunted by Inflation
June 15, 2023

The latest retail sales data brings to mind that old 1960s mantra: Keep on truckin’. 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,...

Main Street Small Businesses May See Margin Relief as Producer Prices Fall
Economy
Main Street Small Businesses May See Margin Relief as Producer Prices Fall
June 14, 2023

The latest readings on inflation, released Wednesday (June 14), signal some margin relief for Main Street small businesses. 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...

Eurozone Recession May Hint at What’s to Come for US
Economy
Eurozone Recession May Hint at What’s to Come for US
June 13, 2023

Slowed consumer spending led to a recession for the eurozone, stoking speculation of a global pullback. 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...