PYMNTS Intelligence, through the last several months, has taken stock of where consumers are spending, and how they contend with inflation. Among their strategies has been a willingness to trade down, to buy cheaper goods that may be a bit of a tradeoff in quality, but...
A new report from the World Bank has good news and bad news about the global economy. The good news, according to the Global Economics Prospects 2024 report issued Tuesday (June 11), is that global growth remains steady, inflation has dropped to a three-year low...
Economic activity in the United States expanded from early April to mid-May, though it varied in different industries and Federal Reserve districts. While 10 of the 12 districts reported slight or modest growth, Boston and San Francisco said there was no change in activity, the...
The good news: Economists are less confident the U.S. will see a recession. The less good news: They also expect the economy to grow at a much slower rate this year, The Wall Street Journal (WSJ) reported Sunday (Jan. 14). Economists surveyed by WSJ reduced the probability...
March 05, 2025
The word “uncertainty” appears in the Federal Reserve’s latest Beige Book 34 times. The report, which comes out eight times a year and offers qualitative insight on consumers and commercial business trends in each of the central bank’s dozen districts, notes slight growth overall. But there are some storm clouds massing: The report also observes […]
October 06, 2023
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions. Real-time...
September 01, 2023
The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get immediate access to their funds....
July 05, 2023
Real-time payments have gained significant traction worldwide, revolutionizing how consumers and businesses conduct financial transactions. Many countries have successfully implemented real-time payment systems to enhance efficiency and meet the growing...
June 11, 2024
A new report from the World Bank has good news and bad news about the global economy. The good news, according to the Global Economics Prospects 2024 report issued Tuesday (June 11), is that global growth remains steady, inflation has dropped to a three-year low and financial conditions have improved. “Yet, more than four years […]
May 29, 2024
Economic activity in the United States expanded from early April to mid-May, though it varied in different industries and Federal Reserve districts. While 10 of the 12 districts reported slight...
January 14, 2024
The good news: Economists are less confident the U.S. will see a recession. The less good news: They also expect the economy to grow at a much slower rate this year, The...
October 26, 2023
Strong consumer spending this summer helped drive economic growth in the U.S. Figures released Thursday (Oct. 26) by the U.S. Commerce Department showed gross domestic product (GDP) increasing at a seasonally- and inflation-adjusted 4.9%...
