There were plenty of positive headlines for the US economy this week, with GDP growth accelerating in the first quarter, durable goods orders surging in March, and the S&P 500 hitting a record high...

This week’s data releases helped to confirm that first-quarter GDP growth was much better than we originally feared, but the underlying strength of the domestic economy is a concern. As it stands now...

We are sceptical that the decline in initial jobless claims to a 50-year low is providing a reliable guide to current labour market conditions. In recent years, a number of states have made it more...

A surge in business inventories appears to have boosted first-quarter GDP, but the now elevated inventory-to-sales ratio suggests that inventories will be a drag over the remainder of this year, which...