The data released in the last week of the second quarter added to other evidence suggesting that the economy is getting back on track after a disastrous first quarter. This provided further tentative...

Following the reported decline in first-quarter hospital revenues in the Quarterly Services Survey, we had anticipated that last week's GDP revision would show the economy contracted much more...

We don’t agree with Janet Yellen’s view that the recent rise in inflation is just noise. Instead, it is clear to us that a widespread strengthening in price pressures in areas as diverse as rents...

Despite the contraction in first-quarter GDP, the falling unemployment rate and signs of a pick-up in inflation persuaded the Fed to stick to its existing plan and taper its asset purchases by a...