The acceleration in producer price (PPI) inflation so far this year has been narrower than was the case during the initial stages of the post-pandemic surge, which limits the risk of consumer price...

Kevin Warsh now begins his four-year term as Fed Chair, but the April price data suggest he will have a tough time persuading his FOMC colleagues that they should cut interest rates again in this...

While we are still waiting for full details on what was agreed at the summit between Presidents Trump and Xi, it seems mostly just to have cemented the existing trade truce. This should ensure near...

In this Update, we explore an extreme scenario in which the Iran war escalates beyond the assumptions in our published baseline and adverse scenarios. With Brent crude jumping higher and staying at...