Despite some progress, Federal Reserve Governor Michelle Bowman says inflation remains “uncomfortably above” 2%. 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...
Low-income consumers may be pulling back, and high-income consumers may wind up spending their excess funds by the end of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Resy, a restaurant reservation platform owned by American Express, reportedly sees no evidence of a weakening of consumer sentiment among its customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Several U.S. bank stocks reportedly slipped Monday (Aug. 5) as investors left the sector amid rising fears of a potential recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
On a day when a stock market rout promised to become a full-fledged bloodbath, and as recession fears mounted, the latest spate of economic data on employment is proving to be grist for a gloomy mill. Get the Full Story Complete the form to unlock...
The headline employment numbers from the Bureau of Labor Statistics Friday (Aug. 2) showed that firms added 114,000 jobs in July, and the unemployment rate hit 4.3% — a level not seen since the depths of the pandemic — up 0.2% from June. Get the...
New U.S. unemployment claims have reached their highest level in close to a year. 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...
American companies added 122,000 jobs this month, while wage growth continued to slow. 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....
The bifurcation in consumer spending — between higher-income and lower-income individuals and households — looks set to widen. 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...
