The upward revisions to second-quarter GDP growth, which is now estimated to have been 3.0% annualised, suggest that the ambitious growth targets set by the White House may already have been achieved...

The annual growth rates of the monetary aggregates remained strong in August, but bank loan growth is still muted.

Hurricane Harvey is a national tragedy, but the impact on the national economy will be minimal. We might see a small uptick in initial jobless claims in early September and a very modest adverse...

Congress should act to raise the debt ceiling by mid-October, but a short shutdown looks inevitable. Moreover, the tensions between the White House and the various Republican factions in Congress make...