The decline in the household saving rate, to a near-decade low of 3.1% in September, is largely explained by the accompanying surge in household net wealth to a record high. Capital gains mean that...

Regardless of who is nominated to be the next Fed Chair, we expect a rebound in core inflation will prompt the Fed to raise interest rates four times in 2018. The components that have dragged core CPI...

If President Donald Trump is serious about being a “low-interest rate guy”, markets are probably right to brush off John Taylor’s chances of being nominated for Fed Chair. That said, we don’t agree...

Our measure of M3 shows broad money growth rising in September to its fastest pace in more than two years, although growth in narrow money continues to slow gradually.