PYMNTS-MonitorEdge-May-2024

inflation

NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
October 15, 2024  |  Consumer Finance

A growing percentage of consumers think they could miss a minimum debt payment in the next three months. Consumers’ delinquency expectations increased for the fourth...

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Banking Giants Say Consumer Spending Remains Resilient Despite Inflation
Banking Giants Say Consumer Spending Remains Resilient Despite Inflation
October 13, 2024  |  Consumer Insights

America’s biggest banks say consumers are still spending in spite of inflation. As Reuters reported Friday (Oct. 11), earnings from two of the country’s biggest...

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Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers
Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers
October 11, 2024  |  Economy

Lower inflation and interest rates may give some relief to consumers who need it most, Wells Fargo CEO Charlie Scharf said Friday (Oct. 11). Speaking...

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U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
October 11, 2024  |  Economy

Consumer sentiment inched down in early October amid continued frustration over the prices of goods and services. While it dipped a “meager” 1.7% or 1.2...

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Flat Wholesale Price Reading Will Influence Rate Cut Expectations
Flat Wholesale Price Reading Will Influence Rate Cut Expectations
October 11, 2024  |  Economy

The Producer Price Index (PPI) was unchanged in September after rising 0.2% in August. The PPI, which measures wholesale prices, saw a 0.2% increase in...

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Latest CPI Data Finds Consumers Literally Spend More Bread to Buy Bread
Latest CPI Data Finds Consumers Literally Spend More Bread to Buy Bread
October 10, 2024  |  Economy

In economics, there’s often a bifurcation when it comes to data — the difference between what the headlines tell us and what the wallet feels....

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Employee Health Insurance Costs Climb Despite Lower Inflation
Employee Health Insurance Costs Climb Despite Lower Inflation
October 09, 2024  |  Healthcare

Inflation may be waning, but Americans aren’t seeing much relief when paying for medical care. Employer-sponsored health insurance costs climbed 7% for the second year...

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Dimon Says Regulators Make It Difficult for Companies to Go Public
Dimon Says Regulators Make It Difficult for Companies to Go Public
October 08, 2024  |  IPO

JPMorgan Chase CEO Jamie Dimon said Tuesday (Oct. 8) that regulators in the U.S. and the U.K. have made it difficult for companies to go public....

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A Shelf Space Showdown: The Rise of Private Labels in Grocery Stores
A Shelf Space Showdown: The Rise of Private Labels in Grocery Stores
October 08, 2024  |  Retail

In the ongoing battle for grocery shelf space, consumers are increasingly seeking value. Grocers are eager to meet this demand, while also capitalizing on the...

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