The near 6% rally in the dollar this year will trigger a slowdown in real export growth but, unlike the bigger dollar appreciation in 2014 and 2015, it won’t stop the Fed from continuing to hike...

We learned this week that much of the strength of consumption growth in the second quarter was sustained in July, suggesting that third quarter GDP growth will be stronger than we had anticipated. The...

Data this week showed core inflation hitting a decade high in July, even before the impact of the recent tariffs has had a chance to fully feed through. Against that backdrop, the Fed is almost...

Rising interest rates appear to be weighing on mortgage demand but, for now at least, there are few signs of a sharp slowdown in consumer and business lending on the horizon.