It now looks as though annualised GDP growth in the second quarter could be as low as 1.0%. But growth will still accelerate later in the year. It is also encouraging that, so far at least, activity...

Recent evidence on employment and construction spending has supported our view that a rebound in spending by State and local governments this year will offset some of the drag on GDP growth from a...

Last week brought a plethora of economic data which, on balance, indicated that second-quarter growth could be a little weaker than previously expected. We now estimate a modest 1.5% gain in real GDP...

The recent surge in Treasury yields is unlikely to develop into a 1994-style bond collapse, principally because the outlook for monetary policy is completely different. Furthermore, for those worried...