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.

Soaring Food and Housing Costs Strain Lower-Income Households
Soaring Food and Housing Costs Strain Lower-Income Households
September 25, 2024  |  Economy

The latest data from the Bureau of Labor Statistics on Consumer Expenditures underscores what PYMNTS Intelligence has found for months: Food and shelter, among the...

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Consumer Confidence Drops to 2-Year Low as Paycheck-to-Paycheck Segment Struggles
Consumer Confidence Drops to 2-Year Low as Paycheck-to-Paycheck Segment Struggles
September 24, 2024  |  Economy

For lower-income consumers, the most vulnerable subset of the paycheck-to-paycheck economy, the outlook is, in a word … gloomy. As measured in the latest reading...

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The Fed’s Rate Cut Could Rewrite Financial Playbooks for CFOs
The Fed’s Rate Cut Could Rewrite Financial Playbooks for CFOs
September 24, 2024  |  CFO

The Federal Reserve’s long-awaited interest-rate cut arrived Wednesday (Sept. 18). The move to lower interest rates by 50 basis points marks a pivotal moment in...

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Bahrain’s AI Push in Middle East Could Serve as Model for Region, Experts Say
Bahrain’s AI Push in Middle East Could Serve as Model for Region, Experts Say
September 23, 2024  |  Artificial Intelligence

Bahrain, an archipelago nation of 1.5 million people, is emerging as an unlikely leader in the artificial intelligence race in the Middle East. Bahrain’s push...

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S&P Global Says Companies Raising Prices Amid Increased Input Costs
S&P Global Says Companies Raising Prices Amid Increased Input Costs
September 23, 2024  |  Economy

September has seen prices rise at the fastest rate in six months, S&P Global said Monday (Sept. 23), attributing it to increasing input cost growth....

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US Supply Chain Risks Escalate With Potential 45,000-Strong Dockworker Strike
US Supply Chain Risks Escalate With Potential 45,000-Strong Dockworker Strike
September 23, 2024  |  Supply Chain

Operations at around three dozen U.S. ports are in limbo as a union strike looms. The disruption, spanning the East Coast down to the Gulf,...

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Paycheck-to-Paycheck Consumers Won’t Find Budgetary Breathing Room From Rate Cuts
Paycheck-to-Paycheck Consumers Won’t Find Budgetary Breathing Room From Rate Cuts
September 23, 2024  |  Economy

The initial euphoria that greeted the Federal Reserve’s decision this past week to cut interest rates for the first time in four years was keenly...

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Hark! Anthropologie Heralds Christmas in September
Hark! Anthropologie Heralds Christmas in September
September 21, 2024  |  Retail

If you felt odd about the Christmas retail push starting as soon as Thanksgiving was over, you might want to avoid New York City’s Upper...

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JPMorgan Chase CEO Jamie Dimon Says Inflation Likely to Persist
JPMorgan Chase CEO Jamie Dimon Says Inflation Likely to Persist
September 20, 2024  |  Economy

JPMorgan Chase CEO Jamie Dimon reportedly said Friday (Sept. 20) that he is skeptical that the U.S. economy will see a soft landing. “I am a...

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