Once the dust has settled, the global economic implications of the UK’s vote to leave the European Union are likely to prove much less dramatic than many had suggested during the past few weeks. The...

Preliminary business surveys published today suggest that growth in advanced economies remained stable, but pretty weak, in June.

Many measures of inflation expectations are at, or close to, record lows. We do not think this means that the world as a whole is heading for a long period of very low inflation, or even deflation...

Following the FOMC meeting earlier this week, we have lowered our forecasts for the fed funds rate at the end of 2017 and 2018. But two key themes remain unchanged: global monetary policy will...