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...
JPMorgan Chase CEO Jamie Dimon reportedly said Friday (May 30) that after excessive spending by the U.S. government and quantitative easing by the Federal Reserve, a crack in the bond market is “going to happen.” Get the Full Story Complete the form to unlock this article and...
April’s data on inflation and consumer activity show slowing price increases, a boost to savings and a deceleration in spending, too. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The trade war sparked by new U.S. tariffs has reportedly cost companies over $34 billion in lost sales and higher costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Tariffs are in limbo. GDP is shrinking. CEOs are pessimistic. And consumers are caught in the middle of all the uncertainty, buffeted by rising prices and an uncertain employment picture. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
While inflation and prices remain Americans’ top financial concerns, a smaller percentage of U.S. adults said changes in prices made their finances worse in 2024, the Federal Reserve Board said in a Wednesday (May 28) press release. Get the Full Story Complete the form to...
Think consumers are worried about how much more they’ll pay this summer for a new sofa or barbecue grill thanks to the President Donald Trump administration’s global trade war? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
President Donald Trump threatened to raise tariffs on Apple and the European Union in Friday (May 23) posts on Truth Social. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
