PYMNTS-MonitorEdge-May-2024

economy

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

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

The urge to splurge resurged in July as consumers shrugged off inflation and visited on-site retailers to conduct their everyday spending. As reported by the...

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4 in 10 Independent Restaurants Use Real-Time Payments
4 in 10 Independent Restaurants Use Real-Time Payments
August 15, 2024  |  Real-Time Payments

The restaurant industry faces financial strain due to inflation and economic downturns, with sales growth projections for 2024 cut to 3.8% from earlier estimates. As...

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

Inflation is at a multiyear low, according to July’s Consumer Price Index from the U.S. Department of Labor. Inflation has broken through an important psychological...

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Name Brands and Private Labels Battle for Grocery Shelf Space
Name Brands and Private Labels Battle for Grocery Shelf Space
August 14, 2024  |  Retail

There’s a battle brewing over shelf space in America’s grocery stores. As The Wall Street Journal (WSJ) reported Wednesday (Aug. 14), this conflict is being driven by...

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Ride-Hailing Platforms’ Earnings Underscore Gig Economy’s Momentum
Ride-Hailing Platforms’ Earnings Underscore Gig Economy’s Momentum
August 13, 2024  |  Gig Economy

The side hustle — and the ancillary streams of income those hustles provide — now is a lifeline in the paycheck-to-paycheck economy, across all income...

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NFIB: Small Business Optimism Grows Amid ‘Plague’ of Cost Pressures
NFIB: Small Business Optimism Grows Amid ‘Plague’ of Cost Pressures
August 13, 2024  |  SMBs

Small businesses in the United States are pessimistic about their prospects, but less pessimistic than two years ago. The National Federation of Independent Business (NFIB)...

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Cleveland Fed: CEOs Expect Lower Inflation Over Next 12 Months
Cleveland Fed: CEOs Expect Lower Inflation Over Next 12 Months
August 12, 2024  |  Economy

Business leaders in the United States are reportedly growing more optimistic about the likely trend of inflation. CEOs and other top executives said in July...

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Tipping, Fees May Be Diners’ Tipping Point
Tipping, Fees May Be Diners’ Tipping Point
August 12, 2024  |  Consumer Insights

Much has been made of tipflation, the upward march of the tips paid at the table and for delivery, which adds to the bill and...

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Fed Sees Credit and Revolving Debt Inch Upward in July
Fed Sees Credit and Revolving Debt Inch Upward in July
August 12, 2024  |  Debt

Banks have reported earnings, and the Federal Reserve’s quarterly report on the status of banks’ assets, liabilities and other aspects of financial conditions are in....

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