The S&P 500 is still down 17% from its highs, inflation remains elevated, and the Federal Reserve recently raised its benchmark interest rate for the ninth consecutive time. Given those challenges, JPMorgan Chase analysts estimate the odds of a 2023 recession at greater than 50%. Juniper Research says the number of digital wallet users will increase at 11% annually through 2026, and digital wallets are steadily displacing cash and payment cards in both physical retail and e-commerce. Read More...
The S&P 500 is still down 17% from its highs, inflation remains elevated, and the Federal Reserve recently raised its benchmark interest rate for the ninth consecutive time. Given those challenges, JPMorgan Chase analysts estimate the odds of a 2023 recession at greater than 50%. Juniper Research says the number of digital wallet users will increase at 11% annually through 2026, and digital wallets are steadily displacing cash and payment cards in both physical retail and e-commerce.
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