The growth rates of the various measures of broad money have remained robust even after the Fed halted its large-scale asset purchases late last year. For 2014 as a whole, M3*, our estimate of the...

The drop in gasoline prices is adding to the already-favourable outlook for vehicle sales, which we expect to hit all-time highs soon.

Following the collapse in crude oil prices, a sizable drop in mining investment is inevitable. Nevertheless, the shale oil boom, which has been going for less than a decade, is so new that it’s hard...

The latest batch of survey data released this morning suggest that labour market conditions are even stronger than we previously believed and leaves the slowdown in wage growth looking even odder.