Economy

Economy
Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured
December 19, 2024

In the latest and final revision of how the economy fared in the third quarter — through the growth in gross domestic product — the headline is that growth was healthy. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Trending: eCommerce Spending Accelerates in November and Boosts Retail Sales
December 17, 2024

November’s consumer spending was buoyant, as eCommerce sales rebounded from a tepid pace in October. Chalk it up to the festive season, but there are signs that consumers are throttling back on at least some retail categories … so they can fill their online carts...

Economy
Grocery and Shelter Costs Rise in November, Straining Consumer Budgets
December 11, 2024

The key takeaway from the Consumer Price Index (CPI) released Wednesday (Dec. 11) is that the pace of inflation pace quickened in November, as reported by the Bureau of Labor Statistics. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
NY Fed Report Finds Consumer Optimism at Highest Level Since Pandemic
December 09, 2024

Consumers are more optimistic about their household financial situation than they’ve been since February 2020. 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,...

Economy
Conference Board Reports Biggest Improvement in Employment Trends Since 2022
December 09, 2024

The Conference Board Employment Trends Index (ETI) saw its largest two-month increase in two years in October and November. 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...

Economy
Buy Now or Pay More Later: Consumer Sentiment Drives Spending on Big-Ticket Items
December 06, 2024

Now’s the time to buy — because everything might get more expensive, sooner rather than later. To that end, the latest edition of the University of Michigan’s Consumer Sentiment Index shows consumers are positive about near-term current economic conditions. At the same time, they’re eyeing near-term...

Economy
Paycheck-to-Paycheck Consumers Eye Job Changes as Labor Market Shows Strength
December 06, 2024

It’s a natural reflex, part of human nature: When the pressure’s on, we look to a solution. 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...

Economy
Jobless Claims Rise Amid Typical Seasonal Volatility
December 05, 2024

Jobless claims reportedly rose last week, though media reports suggested that the rise was due to the volatility in data that is typically seen around holidays. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Fed Beige Book: Slight Economic Growth, Rising Business Optimism
December 04, 2024

PYMNTS Intelligence, through the last several months, has taken stock of where consumers are spending, and how they contend with inflation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...