Economy

Economy
Inflation Is the Unwanted Party Crasher This Fourth of July
July 04, 2022

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Economy
Crypto Downturn Hits Luxury Goods as Buyers Become More Cautious
July 03, 2022

The meltdown in cryptocurrency prices and the resulting depletion of perceived wealth have taken a toll on the sellers of some old-tech luxury items — particularly used watches from Rolex and Patek Phillipe, Bloomberg reported Friday (July 1). Get the Full Story Complete the form...

Economy
Auto Lenders Brace for Higher Interest Rates, Recession
June 30, 2022

As the Federal Reserve boosts interest rates to beat inflation, all sorts of debt becomes more expensive. Much of the everyday focus may be on credit cards and mortgages. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Inflation Concerns Drive Down Consumer Confidence Index
June 28, 2022

The Consumer Confidence Index hit its lowest level since February 2021, falling to 98.7, a report from the Confidence Board said Tuesday (June 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Durable Goods Report Shows Consumer Spending Holding Up Under Strain
June 27, 2022

Durable goods are proving … well, durable. 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...

Economy
US Jobless Claims Remain Near Historic Low
June 23, 2022

Unemployment claims fell last week, remaining near their record low level, an indication of a tight American labor market even amid the threat of a recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Inflation Is Paycheck-to-Paycheck Economy’s Public Enemy
June 22, 2022

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Economy
UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
June 21, 2022

The Bank of England recently raised the key interest rate from 1% to 1.25%, and with the bank’s governor warning Britons that more hikes may be on the horizon, U.K. shoppers are experiencing interest rates approaching double figures. Get the Full Story Complete the form...

Economy
Yellen Expects Inflation Through 2022, Economic Slowdown
June 19, 2022

There’s a high likelihood that the “unacceptably high” prices of recent months won’t recede in 2022, according to Treasury Secretary Janet Yellen, a report from Bloomberg said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...