inflation

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. That’s according to Bank of America CEO Brian Moynihan, who made...

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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%. “Should the incoming data continue to show that inflation is moving...

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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. The company announced earlier...

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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. However, J.P. Morgan...

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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. Judging by the demand for...

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What We Know About Chocolate and Consumer Trends From Mondelez, Kraft Heinz and Hershey Q2 Earnings
What We Know About Chocolate and Consumer Trends From Mondelez, Kraft Heinz and Hershey Q2...
August 05, 2024  |  Retail

As the consumer packaged goods (CPG) industry grapples with complex economic and consumer trends, three major players — Mondelez International, Kraft Heinz and Hershey — are steering...

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Budget-Strapped Shoppers Splurge on Small-Ticket Items, Scrimp on Major Purchases
Budget-Strapped Shoppers Splurge on Small-Ticket Items, Scrimp on Major Purchases
August 05, 2024  |  Retail

This week in paycheck-to-paycheck shopping news, retail brands are sharing that consumers are becoming less cautious in their spending on small purchases such as groceries,...

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