We’re not very concerned by the recent decline in State and local government spending when States’ own spending plans are consistent with a decent rebound both this year and next. This will compliment...

The biggest and longest-lasting impact from the recent rise in natural gas prices could be a boost to business investment in mining structures. That could add 0.3 percentage points to annual GDP...

There is a strong possibility that February's labour market figures, due out this Friday, will only make the Fed's job even harder. There is a chance that the unemployment rate could have hit the 6.5%...

Most of the recent weakness in housing activity is due to the unusually bad weather rather than the lagged effects of last year’s rise in mortgage rates. While higher mortgage rates have clearly taken...