The latest data from the Department of Commerce’s Bureau of Economic Analysis revealed that consumer spending outpaced income growth in September. The news may be...
It’s a truism that as the U.S. consumer goes, so goes the economy. And consumers are still opening their wallets and purses, tapping to pay,...
The latest revision to second-quarter GDP data is the third and final one. According to the newest data from the Bureau of Economic Analysis, real...
The reality is that inflation is cooling. But perception, as they say, is reality. As captured in a PYMNTS Intelligence report in August, the reality...
Consumer spending and private inventory investment are driving an increase in real gross domestic product (GDP), the Bureau of Economic Analysis (BEA) said Thursday (Aug....
The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace...
The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those...
Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this year. From hardware to software,...
Economic data frequently comes in stages: There’s the initial estimate, and then a revision. And in the newest reading of how U.S. gross domestic product...