The slowdown in narrow money growth reflects the Fed’s efforts to shrink its balance sheet and the rise in interest rates, with the latter increasing the opportunity cost of holding funds in non...

There is no reason to believe that the latest bout of turbulence in emerging markets will prompt the Fed to reconsider future interest rate hikes, since the economic and financial market spillovers...

The near 6% rally in the dollar this year will trigger a slowdown in real export growth but, unlike the bigger dollar appreciation in 2014 and 2015, it won’t stop the Fed from continuing to hike...

We learned this week that much of the strength of consumption growth in the second quarter was sustained in July, suggesting that third quarter GDP growth will be stronger than we had anticipated. The...