Economy

Economy
Savings Rates Pressured as Consumer Spending Outpaces Disposable Personal Income Growth
April 26, 2024

The latest data on personal consumption notes that spending is outpacing the growth in disposable income. 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...

Economy
First-Quarter GDP Slows as Consumers Trim Spending
April 25, 2024

And now it seems the slowdown is here. 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...

Economy
JPMorgan Chase CEO Jamie Dimon Says US Economic Boom ‘Unbelievable’
April 23, 2024

JPMorgan Chase CEO Jamie Dimon reportedly said Tuesday (April 23) that the U.S. economic boom is “unbelievable.” 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...

Economy
Weekly Jobless Claims Unchanged; Remain at Low Level
April 18, 2024

The number of initial claims for unemployment insurance filed during the week ended Saturday (April 13) was unchanged from the previous week’s revised figure of 212,000. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Fed’s Beige Book Cites Weak Discretionary Spending
April 17, 2024

Eight times each year the Fed publishes what’s known as the Beige Book — a qualitative take from each of the 12 federal bank districts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
March Retail Sales Wrap Solid First Quarter for Consumer Spending
April 15, 2024

The old adage goes, “March comes in like a lion and goes out like a lamb.” However, for consumer spending, it looks like March came in like a lion and stayed there. Both the U.S. Department of Commerce and PYMNTS intelligence data showed consumers spending more despite...

Economy
eCommerce Helps Fuel Unexpected Climb in Retail Sales
April 15, 2024

Retail sales climbed higher than anticipated in March, fueled in part by a jump in eCommerce. 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...

Economy
Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
April 12, 2024

The wealth effect giveth, and it taketh away. 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...

Economy
Wholesale Inventories Rose 0.5% in February, Matching Economists’ Expectations
April 10, 2024

U.S. wholesale inventories rose 0.5% in February compared with January. 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...