Will this be a long, hot summer for the U.S. economy? 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...
American consumers likely saw somewhat faster inflation last month, especially for merchandise. 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...
The paydowns earlier this year were temporary. And as the latest consumer credit data from the Federal Reserve on Friday (June 6) indicated, consumers turned to credit as a way to pay for goods and services, in an April rush that indicates they sped up...
A month and a half since the Federal Reserve’s last Beige Book, which takes the pulse of the economy through observations of businesses and community conditions across the central bank’s 12 districts, hiring is slowing and tariffs have weighed on corporate hiring decisions. Get the...
Just before tariffs took root in April, PYMNTS Intelligence found in its “Certainty Project” report that a majority of firms across various sectors anticipated higher costs. At the time, 42% of services firms said they were considering raising prices on their products, and 3 in...
Private sector job growth slowed in May, declining to the lowest level seen in two years, ADP said Wednesday (June 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The U.S. economy remains solid, but tariff-driven uncertainty is complicating the Federal Reserve’s efforts to balance price stability and maximum employment, Federal Reserve Governor Lisa D. Cook said Tuesday (June 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Federal Reserve’s System Open Market Account (SOMA) saw its net income decline for the second year in a row in 2024 and could see another drop in 2025, the New York Federal Reserve said in a report released Tuesday (June 3). Get the Full...
America’s vacation hot spots have cooled somewhat less amid a decline in overseas travel. 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...
