inflation

98% of Financially Strained Restaurant Customers Are Cutting Back

98% of Financially Strained Restaurant Customers Are Cutting Back
98% of Financially Strained Restaurant Customers Are Cutting Back
August 12, 2024  |  Consumer Insights

As consumers bear the burden of inflation, PYMNTS Intelligence reveals that nearly all individuals living paycheck to paycheck are making trade-offs when it comes to...

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Consumers See Inflation Moderating Longer Term, but Gird for Short-Term Price Pressures
Consumers See Inflation Moderating Longer Term, but Gird for Short-Term Price Pressures
August 12, 2024  |  Economy

The latest reading on consumers’ expectations about inflation — where it’s headed one year from now, three years from now, five years from now —...

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BofA CEO: Consumers Could Sour Without Interest Rate Cuts
BofA CEO: Consumers Could Sour Without Interest Rate Cuts
August 11, 2024  |  Consumer Finance

American consumers could become disheartened if the Federal Reserve doesn’t cut interest rates soon. Get the Full Story Complete the form to unlock this article...

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Fed Governor: Inflation Still at ‘Uncomfortable’ Level
Fed Governor: Inflation Still at ‘Uncomfortable’ Level
August 11, 2024  |  Economy

Despite some progress, Federal Reserve Governor Michelle Bowman says inflation remains “uncomfortably above” 2%. Get the Full Story Complete the form to unlock this article...

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How Consumers Shop: Five Insights From This Year’s PYMNTS Intelligence Reports
How Consumers Shop: Five Insights From This Year’s PYMNTS Intelligence Reports
August 09, 2024  |  Retail

So far this year, PYMNTS Intelligence data has illuminated a wide range of shopper behaviors, highlighting how omnichannel engagement is changing over time and how...

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Grubhub VP Says in-App Wallet Could Boost Average Check
Grubhub VP Says in-App Wallet Could Boost Average Check
August 09, 2024  |  Aggregators

As aggregators look to drive spending despite consumers’ belt-tightening behaviors, Grubhub is using new digital features to drive up check sizes. Get the Full Story...

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J.P. Morgan’s Dimon: Credit Trends Are Normalizing, but No Signs of Near-Term Recession
J.P. Morgan’s Dimon: Credit Trends Are Normalizing, but No Signs of Near-Term Recession
August 07, 2024  |  Economy

Low-income consumers may be pulling back, and high-income consumers may wind up spending their excess funds by the end of the year. Get the Full...

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Maersk: Demand for Shipping Shows No Signs of Potential Recession
Maersk: Demand for Shipping Shows No Signs of Potential Recession
August 07, 2024  |  Shipping

Contrary to widespread worries about a potential economic slowdown, shipping giant Maersk has reportedly seen no signs of a U.S. recession. Get the Full Story Complete...

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