Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Mastercard Economics Institute"


20 mentions found


Inflation is far from uniform right now, says Michelle Meyer
  + stars: | 2024-04-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is far from uniform right now, says Michelle MeyerMichelle Meyer, U.S. Chief Economist at the Mastercard Economics Institute, discusses consumer spending and inflation.
Persons: Michelle Meyer Michelle Meyer Organizations: Mastercard Economics Institute
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Swift Lift: Restaurants see massive boost in sales within 2.5 miles of Eras Tour venuesMichelle Meyer, Mastercard Economics Institute chief economist, joins 'Money Movers' to discuss why the economist decided to look at the economics surrounding Taylor Swift, if spending around the Eras Tour rose more in bigger cities, and more.
Persons: Michelle Meyer, Taylor Swift Organizations: Mastercard Economics
The S&P 500 currently sits around 4,550. BMO’s chief investment strategist Brian Belski has predicted that the S&P 500 will close out 2024 at a healthy 5,100. The S&P 500 has gained about 18.5% so far this year after falling nearly 20% in 2022. Despite elevated borrowing costs, three years of high inflation and increasing numbers of Americans dipping into their retirement plans, consumers continue to keep the US economy chugging. Google accounts include everything from Gmail to Docs to Drive to Photos, meaning all content sitting across an inactive user’s Google suite is at risk of erasure.
Persons: New York CNN — It’s, , Candace Browning, Browning, Goldman Sachs, Lori Calvasina, America’s Savita Subramanian, Subramanian, Brian Belski, , Matt Egan, ” Michelle Meyer, Jennifer Korn, it’s, Google Organizations: New, New York CNN, Bank of America, RBC, BMO Capital Markets, Deutsche Bank, RBC Capital Markets, Bank, America’s, Federal Reserve, Mastercard Economics Institute, CNN, Adobe Analytics, Google Locations: New York
Record-setting holiday sales hit $12 billion
  + stars: | 2023-11-27 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
New York CNN —Enticed by deep discounts, Americans are expected to celebrate Cyber Monday by spending a record-setting $12 billion online shopping. The early results suggest the holiday shopping season is off to a positive start, aided in part by lower gas prices. Another popular measure of holiday spending, Mastercard SpendingPulse, found e-commerce sales jumped by an even stronger 8.5% year-over-year on Black Friday. In another sign of sturdy consumer spending, Americans continue to travel aggressively. That’s down 63 cents from the peak in September and marks 60 consecutive days of falling gas prices.
Persons: New York CNN —, ” Michelle Meyer, men’s hoodies, Mastercard SpendingPulse, , Mastercard’s Meyer, That’s, Sensormatic, Covid, Meyer, ” Meyer Organizations: New, New York CNN, Mastercard Economics Institute, CNN, Adobe Analytics, Adobe, JCPenney, Mastercard, SpendingPulse, Bank of America, Transportation Security Administration, Federal Reserve, AAA Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard: Retail sales are expected to grow by 3.7% during the holiday quarterMichelle Meyer, U.S. Chief Economist at the Mastercard Economics Institute, dives into Mastercard's Holiday Sales Forecast.
Persons: Michelle Meyer Organizations: Mastercard, Mastercard Economics Institute
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard SpendingPulse: Consumer spending on experiences remains resilientMichell Meyer, Chief Economist at the Mastercard Economics Institute, discusses the latest Mastercard SpendingPulse report for the month of July.
Persons: Michell Meyer Organizations: Mastercard, Mastercard Economics Institute
China is facing a demographic problem and needs to boost its productivity for growth, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. "You need to see the productivity side pickup exactly because of the demographic challenge," he told CNBC's "Squawk Box Asia" on Monday. "Now, you need the productivity," he said, underlining Beijing has to make sure "capital is channeled" in a way that boosts productivity. China ended its Covid-19 controls in December and the initial economic rebound has lost steam. The 6.3% economic growth in the second quarter marked a 0.8% pace of growth from the first quarter, slower than the 2.2% quarter-on-quarter pace recorded in the first three months of the year.
Persons: David Mann, CNBC's Organizations: Mastercard, Institute Locations: China, Asia, Middle East, Africa, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard economist discusses the 'extra challenge' China's economy is facingDavid Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute, discusses the demographic problems that China is facing and the "extra challenge" of boosting productivity and productive investments.
Persons: David Mann Organizations: Mastercard, Mastercard Economics Institute Locations: Asia, Middle East, Africa, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard SpendingPulse shows strong consumer demand for experiences and e-commerceMichelle Meyer, Mastercard Economics Institute Chief U.S. Economist, breaks down the results of Mastercard's May SpendingPulse snapshot.
Persons: Michelle Meyer, Mastercard's Organizations: Mastercard, Mastercard Economics, Chief U.S, Economist
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's plenty of room for outbound tourist spending from China, Mastercard saysDavid Mann of the Mastercard Economics Institute says China's domestic travel volumes, on the other hand, are almost back to pre-pandemic levels.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumer outlook rests on the labor market, says Mastercard Economic Institute's Michelle MeyerMichelle Meyer, chief U.S. economist at the Mastercard Economics Institute, and CNBC's Steve Liesman join 'The Exchange' to discuss food inflation relief, potential Fed dissenters, and consumer spending trends.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew data from Mastercard shows continued consumer spending, retail sales up in FebruaryMastercard Economics Institute's Chief North American Economist Michelle Meyers gives Worldwide Exchange the first look at a new report on consumer spending.
Hotel rates are at an "all-time high," Alan Watts, Hilton's Asia-Pacific president, told "Squawk Box Asia" on Thursday. In parts of Asia Pacific, hotel rates are climbing even higher. Rates in Asia are skyrocketingThe travel boom in Asia Pacific has been "phenomenal," said Watts. Average hotel rates across Southeast Asia have gone up more than 10% since 2022, according to data from the travel booking company Traveloka. Ctrip, the leading travel booking website in China, also told CNBC that average hotel booking prices in Bangkok jumped by around 70% in late January.
"The resounding strength of January employment report does not change our view of the labor market. Significant imbalances remain in the labor market due to too much excess demand and limited labor market slack," added Michael Gapen, chief U.S. economist at Bank of America. That's because they see the jobs report gain of 517,000 as a potential impetus to push the Fed into more aggressive interest rate hikes. He thinks future months will show a slowing labor market that will force the Fed into halting its hikes. "From a data-dependency perspective, the strength of the labor market suggests there might be need to continue to raise interest rates."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers still spending, despite changes in what they're buying, says Mastercard Economic Institute's MeyerMichelle Meyer, Mastercard Economics Institute chief U.S. economist, joins 'The Exchange' to discuss consumer spending data.
Here's how the U.S. economy could escape a recession in 2023
  + stars: | 2022-12-30 | by ( Jeff Cox | ) www.cnbc.com   time to read: +12 min
The U.S. economy heads into 2023 facing what might be the most anticipated recession in history. That basically means some parts of the economy will feel like they're in a recession while others won't. "Some areas of the economy may not feel like they actually are in recession. "For certain parts of the economy, it will feel like a very deep recession. For other parts, it will feel like a healthy growth economy, particularly in the parts of the economy where we see strong demand," she said.
Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. Central banks around the world have been hiking interest rates as recently as November in response to high inflation. The Fed will hold its December policy meeting this week, where it is expected to hike interest rates by 50 basis points. But he warned that it would be risky if central banks end up hiking rates more than they need to. It would be a "serious scenario" if central banks "end up going slightly too far and then need to reverse relatively quickly," he added.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation has peaked but will remain above pre-pandemic levels in 2023, Mastercard saysDavid Mann of the Mastercard Economics Institute says it'll take a few years to "go back down in the direction of where we were back in 2019."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard: Expect a significant decline in inflation to about 4% by the end of next yearBricklin Dwyer, chief economist and head of the Mastercard Economics Institute, discusses where he expects inflation to be a year from now, and how higher prices have impacted consumer behavior.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLabor market strength should persist through end of year, top economist Michelle Meyer predictsMichelle Meyer, Mastercard Economics Institute U.S. chief economist, joins Melissa Lee and the Fast Money traders to discuss expectations for tomorrows jobs report, signs of disinflationary pressure among core goods and excess demand and lack of supply resulting in labor market tightness.
Total: 20