Retail spending surprised analysts with an upswing in March, but the headline strength came with a familiar caveat: higher prices at the pump did much of the heavy lifting, even as underlying demand held together. Online sales continued to show momentum, as well. Get the...
The increases in corporate borrowing reported by U.S. banks last week suggest parts of the economy are remaining resilient amid current pressures, Reuters reported Monday (April 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Federal Reserve’s latest Beige Book, released Wednesday (April 15), describes an economy that keeps growing even as businesses and households navigate mounting uncertainty and uneven financial conditions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Producer Price Index (PPI) rose less than expected in March amid the spike in energy prices due to the war in Iran. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Small business optimism dipped below its 52-year average for the first time in a year in March, driven by the Iran war and the subsequent surge in oil prices, the National Federation of Independent Business (NFIB) said Tuesday (April 14). Get the Full Story Complete...
Americans are dealing with a surge in surcharges as businesses look to counter rising costs. 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,...
The latest inflation figures start at the pump, but the effects will likely extend well beyond gas prices and into everyday household spending decisions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Household spending is still advancing, but income isn’t keeping up anymore. The latest economic data and PYMNTS Intelligence reporting show households continuing to transact and absorb higher prices, but with less support from paychecks and more reliance on financial workarounds that don’t necessarily show up...
America’s service economy expanded last month amid a sharp uptick in input prices and shrinking employment levels. 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...
