Although we expect the Fed to raise interest rates faster than most anticipate over the next two years, the resulting appreciation of the dollar should be much more modest than last year. Following a...

Inflation is going to overshoot the Fed’s 2% target, let’s be clear. While we expect Fed officials to be fairly relaxed about that, however, we don’t think it means interest rates won’t rise at all...

The slowdown in first-quarter real consumption growth is primarily a reflection of the big drop back in motor vehicle sales over the past couple of months. In contrast, domestic motor vehicle...

The most likely outcome of the elections on November 8 th is that Hillary Clinton will be the next President with the Republicans maintaining control of both the House and Senate. But we wouldn’t...