inflation

IMF Lowers Forecast for Global Economic Growth After Banking Crises
IMF Lowers Forecast for Global Economic Growth After Banking Crises
April 11, 2023  |  Economy

Lingering effects of the pandemic and new pressures from banking crises are impacting economic growth. The International Monetary Fund (IMF) has lowered its baseline forecast...

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Albertsons Grows Rewards Program to Drive Loyalty Amid Inflation
Albertsons Grows Rewards Program to Drive Loyalty Amid Inflation
April 11, 2023  |  Earnings

As inflationary pressures threaten grocery shopper loyalty, Albertsons is deepening its digital relationships with customers. The grocery giant, which spans nearly 2,300 locations across 34...

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Consumers May Pull In Spending as Outlook for Credit Access Dims
Consumers May Pull In Spending as Outlook for Credit Access Dims
April 10, 2023  |  Consumer Finance

Credit is harder to come by. And that means a lifeline for consumers — and the businesses reliant upon them — is not as dependable...

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Analysts Expect 6.8% Decline in First-Quarter Earnings
Analysts Expect 6.8% Decline in First-Quarter Earnings
April 10, 2023  |  Earnings

Analysts expect S&P 500 companies to report a year-over-year 6.8% decline in first-quarter earnings. If those expectations turn out to be correct, that would be...

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73% of Families With Kids Cut Grocery Spend as Food Prices Remain High
73% of Families With Kids Cut Grocery Spend as Food Prices Remain High
April 10, 2023  |  Consumer Insights

PYMNTS research finds consumers are putting deals first when it comes to grocery shopping. Despite inflation’s incremental, uneven shift down, consumers remain wary about when...

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2023 Travel Outlook May Be Dimming as Prices Clash With Layoffs and Inflation
2023 Travel Outlook May Be Dimming as Prices Clash With Layoffs and Inflation
April 10, 2023  |  Travel Payments

Even as pent-up travel demand was unleashed throughout 2022 with airlines and lodgings firms reporting strong performance and outlook, the word “uncertainty” was used a...

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More Restaurant Consumers Now Skip the Tip
More Restaurant Consumers Now Skip the Tip
April 10, 2023  |  Economy

As economic pressures prompt consumers to rethink their spending, diners are becoming more stingy with tips. Research from PYMNTS’ study “Connected Dining: Inflationary Pressure Squeezes Restaurant...

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Report: Climbing CPI Could Force More Fed Rate Hikes
Report: Climbing CPI Could Force More Fed Rate Hikes
April 09, 2023  |  Economy

Durable U.S. inflation last month could test the Federal Reserve. As Bloomberg News reported Saturday (April 8), upcoming government data is expected to show a 0.4% increase...

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23% of Working Americans Now Have Side Hustles
23% of Working Americans Now Have Side Hustles
April 07, 2023  |  Economy

The side hustle has never been more germane to the U.S. consumer, as large numbers of employed people have taken on extra work in the...

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