Economy

Inflation will subside, but uncertainty remains high.

Core inflation, excluding food and energy, jumped to a 40-year high of 6.6% in September from a year ago.

71% have a positive outlook on demand, but only 57% are confident they can control costs, according to a new Grant Thornton survey.

Some of the longtime drivers of higher inflation — spiking gas prices, supply chain snarls, soaring used-car prices — are fading. Yet underlying measures of inflation are actually worsening.

Despite two quarters of GDP decline, the U.S. is not currently in a recession, says the official arbiter of such things, the NBER's Business Cycle Dating Committee.

Practical steps to prepare your organization for whatever economic conditions are around the corner.

As interest rates rise, market watchers expect a string of bankruptcies among non-bank mortgage lenders.

Still, manufacturing has moderated and risks further loss of momentum as businesses contend with an inventory overhang and an easing in domestic demand for goods.