Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.

The financial landscape in 2025 is shaping up to be anything but predictable. With shifting economic policies, lingering ...

Payment technology company Global Payments reported a rise in fourth-quarter profit on Thursday, as customers ramped up spending during the holiday season.

Mastercard's fourth-quarter profit rose, driven by increased consumer spending during the holiday season and a strong labor market. Gross dollar volume rose 12%, and revenue from value-added ...

And in December, they ramped up their spending significantly. Consumer spending shot up 0.7% from November, exceeding economists’ expectations for a 0.5% gain. With Thanksgiving landing late in ...

Consumer spending is the locomotive of the U.S. economy and finished out 2024 on a hot streak. The increase in purchases in the fourth quarter was the strongest in almost two years.

US prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption ...

WASHINGTON (Reuters) - U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no ...

WASHINGTON (Reuters) - U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no ...

Visa's first-quarter profit has beaten Wall Street estimates ... Payments volume - a gauge of overall consumer and business spending on Visa's network - jumped 9%, while revenue rose 10% to ...

Despite lingering pressures from elevated interest rates, recent economic data has suggested that the U.S. labor market remains robust and wage growth is ongoing -- both of which could help bolster ...