Economy

Economy
Consumers Paid the Price for Overstated Job Growth That Kept Interest Rates Too High
August 21, 2024

A downward revision to previously released job market data might be enough to spur interest rate cuts. 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
Atlanta Fed: Firms’ Year-Ahead Inflation Expectations ‘Relatively Unchanged’ at 2.2%
August 21, 2024

Firms’ year-ahead inflation expectations remained “relatively unchanged” in August, staying just above where they were before the pandemic, the Federal Reserve Bank of Atlanta said Wednesday (Aug. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Goldman: Recession Seems Less Likely After Jobs/Sales Reports
August 18, 2024

Economists at Goldman Sachs have lowered the likelihood of a U.S. recession. 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...

Economy
U. Mich Survey Shows Consumer Sentiment Improves, but Inflation Worries Linger
August 16, 2024

Things may get better over the longer term, but right now things are tough. 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...

Economy
Consumer Sentiment Remains Steady, Subject to Their Presidential Election Expectations
August 16, 2024

Consumer sentiment has remained fairly steady thus far in August, inching up 2.1% compared to the previous month and down 2.3% compared to August 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Retail Sales: Consumers Shrug Off Higher Prices and Buy in July
August 15, 2024

The urge to splurge resurged in July as consumers shrugged off inflation and visited on-site retailers to conduct their everyday spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Inflation Is Down. Will Paycheck-to-Paycheck Consumers Notice?
August 14, 2024

Inflation is at a multiyear low, according to July’s Consumer Price Index from the U.S. Department of Labor. 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
Cleveland Fed: CEOs Expect Lower Inflation Over Next 12 Months
August 12, 2024

Business leaders in the United States are reportedly growing more optimistic about the likely trend of inflation. 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
Consumers See Inflation Moderating Longer Term, but Gird for Short-Term Price Pressures
August 12, 2024

The latest reading on consumers’ expectations about inflation — where it’s headed one year from now, three years from now, five years from now — has some good news, and some less good news. Get the Full Story Complete the form to unlock this article...