Economy

Economy
Holiday Season Will Put Pressure on Consumers’ Grocery Budgets
September 27, 2023

During seasons of high spending, such as over the holidays, many consumers are forced to cut back on basic needs such as food and beverages, PYMNTS Intelligence revealed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
US Durable Goods Orders Climb as Consumer Confidence Falls
September 27, 2023

U.S. durable goods orders climbed unexpectedly in August, per new government data. 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...

Economy
New Homes and Cars ‘Completely Unaffordable’ Amid High Interest Rates, Says Moody’s
September 26, 2023

The Federal Reserve indicated last week that higher interest rates will likely stick around. 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...

Economy
80% of Americans See Savings Decline Since Pandemic Peak
September 25, 2023

Most Americans are reportedly facing financial challenges as their pandemic savings have dwindled. 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....

Economy
Aldi Says Inflation Has Changed How UK Shoppers Buy Groceries
September 25, 2023

Discount supermarket chain Aldi said it has experienced record sales in the United Kingdom as shoppers seek affordable groceries. 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...

Economy
Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
September 21, 2023

The Philadelphia Federal Reserve’s September Manufacturing Business Outlook Index offers up a monthly survey of manufacturers’ current business conditions and their outlook on what’s to come. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Jobless Claims in US Hit Lowest Level Since January
September 21, 2023

Initial claims for unemployment insurance in the United States fell by 20,000, down to 201,000, during the week ended Saturday (Sept. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
September 20, 2023

The Federal Reserve’s staying pat, for now. 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
General Mills Predicts Restaurant Inflation Will Drive Fall Grocery Sales
September 20, 2023

General Mills predicted that with restaurant inflation exacerbating the gap between dining out and eating at home, more consumers will get their food at the grocery store this fall. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...