The recent weakness in durable goods orders and shipments is not due to a mining-related slump triggered by the collapse in oil prices. Instead, it is principally due to a drop back in industrial...

The further acceleration in broad money growth in February is indicative of a strengthening real economic recovery that will eventually put more upward pressure on underlying inflation. The annual...

Our initial view that lower oil prices would be a net positive for the real economy is not borne out in the first quarter data. The negative impact on mining investment almost outweighed the positive...

The downward revisions to the FOMC's interest rate projections last week suggest that Fed officials are caught in two minds between beginning to hike rates in June or September. We still think that a...