Container shipping costs have fallen back slightly in the past few weeks. And while the potential for further shipping disruptions makes the outlook for shipping costs highly uncertain, as things...

Market turmoil has not yet led to a tightening of financial conditions in the US and most other advanced economies. That’s because borrowing costs have fallen sharply as investors have grown to expect...

The latest manufacturing PMIs suggest that global industrial activity slowed sharply at the start of Q3, and that activity will probably slow further. But weaker activity hasn’t taken the heat out of...

In detailed analysis last year, we concluded that equilibrium nominal interest rates would settle at between 3% and 4% in advanced economies in the next ten years. We maintain that opinion and in fact...