The January NFIB small business survey paints an upbeat picture of economic activity, but it also suggests that the markets are right to focus on the prospect of faster wage growth this year.

The budget deal will raise federal spending this year by as much as 0.7% of GDP, providing an extra fiscal stimulus to an economy already boosted by the recent tax cuts. While that will mean 2018 is a...

The reported acceleration in wage growth last month, which triggered the recent market sell-off, was nothing more than a weather-related distortion. The unseasonably cold January explains both the...

The Fed’s latest Senior Loan Officer Survey points to a reacceleration in the growth rate of business loans, although auto loans look set to weaken further.