In contrast to the sudden weakness in core inflation a few years ago, the latest plunge in core PCE inflation cannot be explained by idiosyncratic factors. Instead, it reflects a moderation in unit...

There were plenty of positive headlines for the US economy this week, with GDP growth accelerating in the first quarter, durable goods orders surging in March, and the S&P 500 hitting a record high...

It is still too early to tell who will end up securing the Democratic nomination for the presidential election in 2020, but there is a good chance that the successful candidate will come from the...

This week’s data releases helped to confirm that first-quarter GDP growth was much better than we originally feared, but the underlying strength of the domestic economy is a concern. As it stands now...