The latest data on personal spending matched expectations. And the parlor game as to whether the Fed will pause or even cut interest rates continues. Yet the Personal Consumptions Expenditures index (PCE), as released by the Commerce Department on Thursday (Nov. 30), shows that the prices for...
Inflation is making paying for basics of everyday life — food especially — harder to swallow. Earlier this week, PYMNTS reported that the cost of essentials as a share of disposable income was recently 22.4%. The Friday (Feb. 24) data from the government — via the...
The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic product (GDP) could contract by 6.5 percent this year, but predicting recovery in the next several years. GDP is projected...
June 10, 2020
The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic product (GDP) could contract by 6.5 percent this year, but predicting recovery in the next several years. GDP is projected to rise to 5 percent by 2021 and settle around […]
