The Fed is still likely to raise its policy rate later this year. A September lift-off is the marginal favourite, but June and July are possibilities, if it becomes clear quickly that the first...

With broad money growth expanding at close to 6% over the past year and bank loans growing at an even faster 8%, there is little evidence of a sustained slowdown in real economic growth or price...

The weakness of real consumption growth in the first quarter is puzzling since the slump in energy prices effectively gave a large tax cut to households. In that respect, it appears to have parallels...

According to the National Climatic Data Center, we now know that the Northeast suffered its coldest winter ever this year. At the same time, the West Coast saw record high average temperatures. The...