While we don't have a singular explanation for the downward trend in Treasury yields, we are still confident that yields will eventually rebound. We expect the 10-year Treasury yield to recover to 3.0...

Our view that core inflation will increase faster than the Fed expects is based on expectations that both rent of shelter and medical inflation will continue to rise and that an acceleration in wage...

The recent upward revisions to our equity price forecasts imply that the boost to GDP growth this year from the wealth effect will be larger than we previously thought. This is one reason why, despite...

The rise in the annual growth rate of our measure of the M3* money stock, to a nine month high of 5.8% in April from 5.5% in March, is consistent with the recent rebound in core CPI inflation to...