economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Visa: 77% of 2024 Holiday Spending Happened In-Store
Visa: 77% of 2024 Holiday Spending Happened In-Store
December 23, 2024  |  VISA

Visa said it is seeing increasing consumer confidence this holiday season. The payments giant released preliminary insights into U.S. holiday buying that showed a 4.8%...

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Conf Bd. Finds Consumer Confidence Down After U. Mich Index Says Opposite
Conf Bd. Finds Consumer Confidence Down After U. Mich Index Says Opposite
December 23, 2024  |  Economy

Consumer confidence declined in December, with a growing number of consumers expressing concerns about politics and tariffs. The Conference Board’s Consumer Confidence Index decreased by...

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Consumer Sentiment Reaches Highest Point Since April as Economy Improves
Consumer Sentiment Reaches Highest Point Since April as Economy Improves
December 20, 2024  |  Economy

Consumer sentiment rose in December, reaching the highest point since April but remaining below its pre-pandemic level. The increase in the consumer sentiment index marked...

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

In the latest and final revision of how the economy fared in the third quarter — through the growth in gross domestic product — the...

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Inflation Pushes Consumers to Seek Everyday Value From Credit Card Rewards
Inflation Pushes Consumers to Seek Everyday Value From Credit Card Rewards
December 18, 2024  |  Credit Cards

Rewards are among the key determinants in how consumers choose — and use — credit cards. In the PYMNTS Intelligence report “The Role of Rewards...

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

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...

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Retailers Rewrite Playbooks as Consumers Tighten Budgets, Shift Spending
Retailers Rewrite Playbooks as Consumers Tighten Budgets, Shift Spending
December 17, 2024  |  Consumer Insights

Retailers across the U.S. are confronting a new era of cautious spending as consumers tighten their belts in response to ongoing economic pressure. Inflation, rising...

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Booking CFO: Inflation Continues to Scare US Travelers
Booking CFO: Inflation Continues to Scare US Travelers
December 17, 2024  |  Travel Payments

Booking.com says the impact of inflation continues to hamstring the U.S. travel industry. Demand is down as cautious consumers hold off on making their vacation...

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CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
December 13, 2024  |  CFPB

Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). The drop was caused in part...

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