The Trump administration’s latest attempt to pressure Fed Chair Jerome Powell and his colleagues on the FOMC to cut interest rates will fail and there are several reasons to believe it could backfire.

The latest surge in productivity suggests the AI boom is providing lasting benefits to the US economy that go well beyond just the value of investment in data centres. Non-farm business productivity...

The drop in the job openings and job hires rates reported in November’s JOLTS was accompanied by a decline in the layoff rate from already depressed levels, underscoring employers’ continued caution...

The final full week of the year delivered a smorgasbord of shutdown-affected data releases, some fresher than others and some downright rotten. We doubt this new batch of data will have any major...