Interest Rates

Construction Spending Dips 0.3% in July Amid High Mortgage Rates
Construction Spending Dips 0.3% in July Amid High Mortgage Rates
September 03, 2024  |  Economy

Construction spending decreased by 0.3% in July after remaining unchanged in June. Spending totaled $2.163 billion in July, down from the revised June estimate of...

READ MORE >
Trending: Most Consumers Think Twice Before Spending, Then Trade Down
Trending: Most Consumers Think Twice Before Spending, Then Trade Down
September 02, 2024  |  Economy

Sept. 17 is looming as a critical date on the economic calendar. It’s the date the Federal Reserve meets to consider — and most analysts...

READ MORE >
Partnerships Help Firms Capitalize on Positive Trends Amid Uncertainty
Partnerships Help Firms Capitalize on Positive Trends Amid Uncertainty
August 28, 2024  |  Opinion

FinTech partnerships can help financial institutions thrive, Boost Payment Solutions founder and CEO Dean M. Leavitt writes in a new PYMNTS eBook, “Beyond the Horizon:...

READ MORE >
Mixed Signals: Consumer Confidence Rises Slightly as Economic Uncertainties Linger
Mixed Signals: Consumer Confidence Rises Slightly as Economic Uncertainties Linger
August 27, 2024  |  Consumer Insights

Is the American consumer cautiously confident? Confidently cautious? Somewhere in the middle? The Conference Board released its Consumer Confidence Index Tuesday (Aug. 27), which showed...

READ MORE >
IPO Hopefuls Eye 2025 as Present Outlook Remains Bleak
IPO Hopefuls Eye 2025 as Present Outlook Remains Bleak
August 27, 2024  |  IPO

There’s a chorus growing among companies that want to go public: Wait until next year. The 2024 initial public offering (IPO) market rebound that bankers...

READ MORE >
Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
August 26, 2024  |  Legal

JPMorgan Chase is reportedly facing a lawsuit that alleges that the bank paid “unreasonably” low interest rates on accounts used in its cash sweep program....

READ MORE >
M&A Activity Stays Cool as Interest Rates Remain High
M&A Activity Stays Cool as Interest Rates Remain High
August 25, 2024  |  Acquisitions

Merger and acquisitions (M&A) activity remained slow during the second quarter of the year. The reason? The Federal Reserve has kept interest rates high, making...

READ MORE >
Initial Unemployment Claims Rise, Boosting Expectations of Rate Cut
Initial Unemployment Claims Rise, Boosting Expectations of Rate Cut
August 22, 2024  |  Economy

The number of initial claims for unemployment insurance increased by 4,000 during the week ended Saturday (Aug. 17), suggesting a cooling of the labor market...

READ MORE >
Consumers Paid the Price for Overstated Job Growth That Kept Interest Rates Too High
Consumers Paid the Price for Overstated Job Growth That Kept Interest Rates Too High
August 21, 2024  |  Economy

A downward revision to previously released job market data might be enough to spur interest rate cuts. But the damage to the paycheck-to-paycheck economy —...

READ MORE >