Today is the day the Fed is expected to raise interest rates for the first time since 2018 amid a 40-year inflation spike — a combination sure to test loyalties to brands and merchants. Get the Full Story Complete the form to unlock this article and...
Russia’s attack on Ukraine has upended the likelihood that high inflation will be leveling off any time soon. 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...
Visa has announced that consumer spending got healthier in February, hitting 109.3 in February, up from January’s 102.4, according to a Thursday (March 10) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
We’ve been here before. But not for 40 years, and back then it wasn’t pleasant, nor is it a lark right now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The European Central Bank (ECB) is ending its bond-buying program earlier than anticipated as it prepares for a possible interest rate increase later in the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Price hikes in gas, food and shelter led the way to 40-year record high inflation, with the consumer price index — a key indicator of U.S. inflation — hitting 7.9% up from 7.5% in January, according to the Consumer Price Index Summary report released by...
Thus far, amid a pandemic, inflation, wars waged in Europe, and the risk of cyberthreats, the U.S. consumer has kept spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Over the last two years, those who sell the products and services that keep cars on the road have seen wild swings in two of their key drivers of demand: miles driven and the price of gas. Get the Full Story Complete the form to...
U.S. consumer borrowing saw an uptick in January, though at the slowest pace in a year, with households paying down credit card balances after the holiday shopping season, Bloomberg wrote Monday (March 7). Get the Full Story Complete the form to unlock this article and...
