Tariffs are in limbo. GDP is shrinking. CEOs are pessimistic. And consumers are caught in the middle of all the uncertainty, buffeted by rising prices and an uncertain employment picture. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Consumer spending, the chief engine of economic growth, was not enough to stop an overall pullback in U.S. gross domestic product (GDP). And with evidence of a slowing gains in disposable income, consumers’ appetite to keep spending look set to be tested. Get the Full...
Data from the Bureau of Economic Analysis released Friday (Feb. 28) offers sobering food for thought for merchants, even as the financial standing of consumers improved. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The latest data on fourth quarter gross domestic product indicates a general “headline number” slowdown. 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,...
November 27, 2024
The Bureau of Economic Analysis confirmed Wednesday (Nov. 27) that third-quarter GDP grew at a 2.8% rate, unchanged from a previous estimate. 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 […]
October 30, 2024
It’s a truism that as the U.S. consumer goes, so goes the economy. And consumers are still opening their wallets and purses, tapping to pay, clicking to pay, swiping their...
September 02, 2024
The reality is that inflation is cooling. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
July 25, 2024
The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace of growth. Get the Full...
May 30, 2024
Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this 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 Today. By completing […]
October 26, 2023
Strong consumer spending this summer helped drive economic growth in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
June 30, 2023
Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
April 27, 2023
The U.S. economy slowed in the first three months of 2023, according to new government data. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
