economy

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

Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
May 02, 2024  |  Economy

This week, the Federal Reserve announced it will keep its benchmark interest rate in the same 5.25%–5.50% holding pattern that it has occupied since last...

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Initial Claims for Unemployment Unchanged, Signaling ‘Fairly Tight’ Labor Market
Initial Claims for Unemployment Unchanged, Signaling ‘Fairly Tight’ Labor Market
May 02, 2024  |  Economy

The number of initial claims for unemployment insurance held steady during the week ending on Saturday (April 27). The total of 208,000 initial claims was...

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Fast-Food Slowdown May Mean Steeper Promotions
Fast-Food Slowdown May Mean Steeper Promotions
May 02, 2024  |  Economy

It’s been a season of slowing sales for quick-service restaurants (QSRs). That could mean these fast-food brands have to launch greater promotions to attract cost-conscious diners, Reuters...

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If You’re Happy and You Know It, You Must Be Small
If You’re Happy and You Know It, You Must Be Small
May 02, 2024  |  David S. Evans

Finland did it again.  The World Happiness Report (WHR) came out in March. For the seventh straight year, it was No. 1. Keeping the top spot...

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Consumers Aren’t Buying Many Handmade Trinkets Amid Economic Concern
Consumers Aren’t Buying Many Handmade Trinkets Amid Economic Concern
May 01, 2024  |  Retail

As consumers continue to feel the economic strain, they are cutting back on buying boutique, handmade items from independent creators, per Etsy’s latest earnings call. ...

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US Construction Spending Sees Unexpected Drop in March
US Construction Spending Sees Unexpected Drop in March
May 01, 2024  |  Economy

Construction spending in the U.S. declined unexpectedly in March after being unchanged in February. Data from the Census Bureau released Wednesday (May 1) showed spending at a seasonally adjusted...

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David’s Bridal: Vow Renewal Couples Want the Newlyweds Shopping Experience
David’s Bridal: Vow Renewal Couples Want the Newlyweds Shopping Experience
May 01, 2024  |  Retail

Consumers are willing to spend an arm and a leg on their weddings — possibly more than once, according to David’s Bridal. In an interview with...

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Information Sector Loses 4,000 Jobs While Overall Employment Grows
Information Sector Loses 4,000 Jobs While Overall Employment Grows
May 01, 2024  |  Economy

Nine out of 10 industry sectors monitored by ADP posted job gains in April. The sole exception was the information sector, which lost 4,000 jobs...

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34% of Gen Z Consumers Say Splurging Contributes to Financial Distress
34% of Gen Z Consumers Say Splurging Contributes to Financial Distress
April 30, 2024  |  Consumer Insights

Spoiler alert: The title of PYMNTS Intelligence’s new report, “Why 60% of Gen Z’s Live Paycheck to Paycheck” gives away a key finding. Six in 10 Generation...

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