Economy

Wall Street’s Caution and Downgrades Anticipate Student Loans’ Pinch on Consumer Spending
Economy
Wall Street’s Caution and Downgrades Anticipate Student Loans’ Pinch on Consumer Spending
September 18, 2023

Just a few weeks from now, federal student loan payments resume, ending a moratorium that had been in place since the onset of the pandemic in March of 2020. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Will Weak Consumer Sentiment Hurt Spending Despite Lower Inflation Expectations?
Economy
Will Weak Consumer Sentiment Hurt Spending Despite Lower Inflation Expectations?
September 15, 2023

Consumers, looking ahead, think inflation’s growth rate will moderate. 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,...

As Real Incomes Fall, Student Loans and Everyday Spend Pressure Paycheck-to-Paycheck Economy
Economy
As Real Incomes Fall, Student Loans and Everyday Spend Pressure Paycheck-to-Paycheck Economy
September 14, 2023

Real incomes are falling, and for the paycheck-to-paycheck economy, the struggle to meet monthly obligations will continue to be a challenge at best — and at worst, an impossibility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

QSR Inflation Outpaces Table Service as Consumers Grapple With Price Increases
Economy
QSR Inflation Outpaces Table Service as Consumers Grapple With Price Increases
September 14, 2023

With menu prices continuing to rise, quick-service restaurant (QSR) inflation is outstripping full-service dining by a considerable margin. 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...

Online Sales Plateau as Consumer Spending Focuses on Gas and Groceries
Economy
Online Sales Plateau as Consumer Spending Focuses on Gas and Groceries
September 14, 2023

Consumers are in the aisles, spending on groceries, the clothes on their backs — and at brick-and-mortar locales, pivoting a bit from online channels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Spiking Fuel Prices Pitch Wallets of Consumers and Businesses
Economy
Spiking Fuel Prices Pitch Wallets of Consumers and Businesses
September 14, 2023

It’s a season of pain at the pump, no matter what type of fuel you’re pumping. 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...

Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
Economy
Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
September 13, 2023

Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. 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...

Inflation’s Resurgence Threatens ‘Nonessential’ Spending at Grocers, Retailers
Economy
Inflation’s Resurgence Threatens ‘Nonessential’ Spending at Grocers, Retailers
September 13, 2023

Inflation has notched a milestone this summer, reaching its highest level for the 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...

Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
Economy
Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
September 13, 2023

Goldman Sachs CEO David Solomon reportedly expressed uncertainty about the U.S. economic outlook while highlighting the potential for a soft landing. 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...