Net Worth by Age: The New $33,000 vs. $504,900 Gap

Median family net worth in the 2025 SCF: under 35 $33,000; 35–44 $155,600; 45–54 $253,700; 55–64 $411,900; 65–74 $431,300; 75+ $504,900. In 2025 dollars.

Quick answer: The Federal Reserve’s new 2025 survey puts median family net worth at $33,000 for under-35s and $504,900 for ages 75+. These are family-level estimates in 2025 dollars—not individual savings targets or live October 2026 account balances. Checked October 18, 2026. The 2025 Survey of Consumer Finances was released October 9, 2026. The publication … Read more

Retail Sales Rose 0.8%: Why the 0.2% Detail Matters

September 2026 retail sales: total up 0.8%, with a published 90% interval of 0.4% to 1.2%; excluding auto, parts and gasoline up 0.2%, whose interval includes zero.

Quick answer: September 2026 U.S. retail and food-services sales rose 0.8% month over month, but sales excluding motor-vehicle and parts dealers and gasoline stations rose 0.2%. That distinction—and the estimate’s uncertainty—matters more than treating a single headline as a verdict on every consumer business. Checked October 16, 2026. September advance estimates were released October 15 … Read more

September PPI: Why “Core” Was Both 0.7% and 0.5%

September 2026 monthly PPI: final demand 1.3%, excluding food and energy 0.7%, also excluding trade services 0.5%; different baskets, not additive.

Quick answer: September 2026 core PPI can mean either +0.7% excluding food and energy or +0.5% also excluding trade services. These are different indexes—not conflicting results. Always read the exclusions before comparing a headline with a forecast. Research checked October 16, 2026. Data: September; released October 15 at 8:30 a.m. Eastern. This is a data … Read more

September CPI: Why Gasoline Is Not the Whole Story

Seasonally adjusted monthly CPI: headline rose from0.4% in August to0.6% in September2026, while core remained0.3%. Zero-origin bars; rates are not additive contributions.

Quick answer: September 2026 CPI rose 0.6% over the month and 3.7% over the year. Gasoline accounted for more than half of the monthly headline increase, according to BLS. But core CPI still rose 0.3% monthly and 2.6% annually. “Energy-driven” does not mean there was no underlying price pressure. Prepared October 16, 2026, from official … Read more

Diesel Prices vs. Crude Oil: The $10-a-Barrel Trap

Hypothetical diesel-minus-crude spreads of 70 and 94 cents per gallon, with diesel fixed at $3.20 and crude at $105 and $95 a barrel. Not observed prices.

Quick answer: Diesel prices reflect a refined product, not just crude oil. A cheaper barrel does not guarantee cheaper diesel when refining margins, inventories, transport constraints or retail costs move in the opposite direction. Checked October 12, 2026. This explains how to evaluate today’s fuel headlines; it does not announce completed deliveries or predict a … Read more

Tariffs Raise U.S.-Made Goods Prices Too: What the NY Fed Found

MGI hypothetical basket costs $100 at baseline, $105 in year one and $105 in year two. Annual inflation falls from 5% to 0% while the price remains $5 above baseline. Not observed CPI data.

Quick answer: Tariffs can raise prices of U.S.-made goods as well as imports. New York Fed researchers identify imported-input costs and reduced competitive pressure as indirect channels. That makes the October 6 research relevant beyond the imported-goods aisle—and means a fading inflation effect is not the same as an erased price increase. Research reviewed October … Read more

Consumer Sentiment Falls to 46.3—But Expectations Rose. What Changed?

October preliminary versus September final 2026 Michigan survey changes: sentiment -1.8 index points, current conditions -6.2, expectations +1.0. Not percentage-point changes.

Quick answer: October’s preliminary consumer sentiment index fell to 46.3, but the headline does not mean every survey component deteriorated. Current conditions weakened while the expectations index increased. This measures consumer perceptions, not a confirmed decline in spending or an official recession declaration. Evidence checked October 10, 2026 using the University of Michigan’s October preliminary … Read more

Fed Rate Hike or Pause? Why Waller’s Signal Is Not a Cut

September 2026 projections described by Waller on October 8: two participants expected no further 2026 hikes, twelve one hike and four two hikes. Conditional projections, not probabilities.

Quick answer: A pause between Fed rate increases is not a rate cut. Christopher Waller’s October 8 speech supported further hikes if the economy follows his outlook, while allowing flexibility over timing. That is a conditional policy signal—not a newly announced decision for the October meeting. Evidence checked October 9, 2026. This article distinguishes completed … Read more