economy

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

Higher Institutional Expenses Lead to $370B Decline in US Bank Deposits

Higher Institutional Expenses Lead to $370B Decline in US Bank Deposits
Higher Institutional Expenses Lead to $370B Decline in US Bank Deposits
September 13, 2022  |  Banking

Deposits at U.S. banks are down $370 billion in the second quarter for the first time since 2018, and the banking industry also reported a...

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Inflation Higher than Expected; Food Prices up 11.4% Over Last Year
Inflation Higher than Expected; Food Prices up 11.4% Over Last Year
September 13, 2022  |  Economy

The annual inflation rate in the U.S. eased for the second consecutive month in August, to 8.3%, the lowest reading in six months but missing...

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Synchrony Financial Credit Card Deliquency Rate Up to 3.1% in August
Synchrony Financial Credit Card Deliquency Rate Up to 3.1% in August
September 12, 2022  |  Credit Cards

Synchrony Financial on Monday (Sept. 12) reported a rate of credit card delinquencies as a percentage of receivables of 3.1% for August, the highest level...

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New Vehicle Prices Up for 5th Month, Kelley Blue Book Says
New Vehicle Prices Up for 5th Month, Kelley Blue Book Says
September 12, 2022  |  Consumer Finance

Although there are more vehicles available to shoppers on dealers’ lots, the price of new vehicles is still rising, having set another record in August. ...

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Rising Card Delinquency Rates Spotlight Paycheck-to-Paycheck Pressures
Rising Card Delinquency Rates Spotlight Paycheck-to-Paycheck Pressures
September 12, 2022  |  Credit Cards

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4 in 10 Consumers Shift to Lower-Priced Restaurants
4 in 10 Consumers Shift to Lower-Priced Restaurants
September 12, 2022  |  Economy

As food prices continue to rise, restaurants known for their value offerings have the opportunity to gain share of stomach from their pricier competitors. Get...

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Mastercard Expects Consumers to Spend 7.1% More During Holidays
Mastercard Expects Consumers to Spend 7.1% More During Holidays
September 12, 2022  |  Consumer Finance

Consumers are expected to spend 7.1% more on retail goods during this year’s holiday season than they did last year, according to the Mastercard SpendingPulse...

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Grocery Shoppers Cut Back, Trade Down as Inflation Rises
Grocery Shoppers Cut Back, Trade Down as Inflation Rises
September 12, 2022  |  Shopping

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