Economy

Jerome Powell spoke Oct. 19 and said the Federal Open Market Committee would be “proceeding carefully.”

The way the Census Bureau calculates its retail sales data wasn’t an issue until prices started rising a couple years back.

And that would mean your paycheck’s purchasing power would be getting a boost relative to inflation.

The answer might disappoint you.

Experts are predicting a slight decrease in wage growth, a drop that get us closer to pre-pandemic rates.

But fewer CEOs feel confident of their firm’s fortunes than last year, a KPMG survey shows. More execs also want people back in the office.

The yield on the 10-year Treasury note reached a 16-year high Tuesday. That benchmark rate lifts interest rates on other loans.

Obligations resuming after three years could be a rude awakening for some. But by itself, it’s not likely to start a recession, experts say.

The keepers of GDP continually update their calculations as more information becomes available.

The quarterly report gives clues about how members of the Federal Open Market Committee see the economy and what future steps they might take.