We still believe that the unseasonably cold winter in the Northeast together with some strange seasonal quirks can explain a lot of the weakness in first-quarter GDP growth. It is true that the...

The introduction of Obamacare doesn't appear to have had any lasting downward impact on medical care consumption. Spending did decline in the first few months of last year, but it has rebounded...

The slowdown in the annual growth rate of business sales is not a concern since sales are measured in nominal terms. That growth rate has been affected more by the slump in energy prices rather than...

The latest FOMC statement released today suggests that Fed officials still believe economic growth and inflation will rebound. But until they see evidence of such a rebound, which could take another...