Helped in part by the decline in energy prices, this week we have become more confident that the recent loosening in the labour market will eventually reduce domestic price pressures. As a result, we...

The rise in core PCE prices in June was partly due to a rise in core goods prices, but the early impact of the tariffs has been unexpectedly muted. Meanwhile, the contraction in real consumer spending...

The sustained appreciation of the euro will reduce headline euro-zone inflation slightly in the coming months and, at the margin, strengthens the case for a final interest rate cut in this cycle...