The US economy still appears to be sailing on serenely while the rest of the world economy sinks like a stone. The latest survey data for January show an apparent capitulation in both China and the...

The acceleration in broad money growth to a six-year high in December should put to rest any lingering concerns about the impact of the Fed’s balance sheet run-down on the economy.

Even if the Fed has stopped hiking interest rates sooner than we originally envisaged, we doubt that will prevent a marked economic slowdown this year. After all, that dovishness was partly prompted...

The Fed’s latest Senior Loan Officer Survey suggests the slowdown in business equipment investment and rate-sensitive consumer spending growth will worsen in the coming months. Loan demand has...