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.

Consumers See Inflation Moderating Longer Term, but Gird for Short-Term Price Pressures
Consumers See Inflation Moderating Longer Term, but Gird for Short-Term Price Pressures
August 12, 2024  |  Economy

The latest reading on consumers’ expectations about inflation — where it’s headed one year from now, three years from now, five years from now —...

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Fed Governor: Inflation Still at ‘Uncomfortable’ Level
Fed Governor: Inflation Still at ‘Uncomfortable’ Level
August 11, 2024  |  Economy

Despite some progress, Federal Reserve Governor Michelle Bowman says inflation remains “uncomfortably above” 2%. “Should the incoming data continue to show that inflation is moving...

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From Travel to Coffee to eCommerce, Consumers are Pulling Back
From Travel to Coffee to eCommerce, Consumers are Pulling Back
August 09, 2024  |  Retail

Consumers are thinking twice before pulling the trigger to buy even everyday items — a hesitation to spend that’s evidencing itself in slowdowns and headwinds for...

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How Consumers Shop: Five Insights From This Year’s PYMNTS Intelligence Reports
How Consumers Shop: Five Insights From This Year’s PYMNTS Intelligence Reports
August 09, 2024  |  Retail

So far this year, PYMNTS Intelligence data has illuminated a wide range of shopper behaviors, highlighting how omnichannel engagement is changing over time and how...

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Grubhub VP Says in-App Wallet Could Boost Average Check
Grubhub VP Says in-App Wallet Could Boost Average Check
August 09, 2024  |  Aggregators

As aggregators look to drive spending despite consumers’ belt-tightening behaviors, Grubhub is using new digital features to drive up check sizes. The company announced earlier...

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QVC CEO Aims Social Commerce at Gen Z Parents
QVC CEO Aims Social Commerce at Gen Z Parents
August 08, 2024  |  Retail

Amid merchants’ gold rush for young consumers’ social commerce spending, Qurate Retail is focusing on an often-overlooked demographic: Generation X and baby boomer women on...

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Consumer Borrowing Rises Less Than Expected in June
Consumer Borrowing Rises Less Than Expected in June
August 07, 2024  |  Loans

Consumers’ total outstanding credit increased by $8.9 billion in June, with a rise in non-revolving credit partially offset by a decline in revolving credit. Non-revolving credit...

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J.P. Morgan’s Dimon: Credit Trends Are Normalizing, but No Signs of Near-Term Recession
J.P. Morgan’s Dimon: Credit Trends Are Normalizing, but No Signs of Near-Term Recession
August 07, 2024  |  Economy

Low-income consumers may be pulling back, and high-income consumers may wind up spending their excess funds by the end of the year. However, J.P. Morgan...

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Resy: Consumer Demand for Restaurant Reservations Has Not Slowed
Resy: Consumer Demand for Restaurant Reservations Has Not Slowed
August 07, 2024  |  Economy

Resy, a restaurant reservation platform owned by American Express, reportedly sees no evidence of a weakening of consumer sentiment among its customers. Consumer demand for...

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