Over the Last Few Months, Wages Are Rising Faster Than Inflation
Pay is beginning to catch up in the race, and since May, has been rising faster than inflation after losing ground for more than two years.
Economy
Small Business Owners Worried About Access to Financing
Some business leaders are worried that higher capital requirements will lead to reduced lending and credit access for households and consumers.
Retail Economist Sees Economy Expanding, But with Slower Momentum
The Bureau of Economic Analysis now estimates that gross domestic product grew at a 2.1% annual rate adjusted for inflation in the second quarter.
Top Pension Funds Saw Largest Fall in Assets in 20 Years
By the end of 2022, combined assets of the world’s top 300 pension funds had decreased by 12.9% and now total $20.6 trillion compared with $23.6 trillion at the end of 2021.