A slump in the number of foreign visitors to the US could prove to be a helpful source of deflationary pressure this year, while having a limited impact on GDP growth.

The latest CBO projections suggest that tariff revenues will almost exactly offset the cost of the budget reconciliation over the next decade. Otherwise, although the recent talks between Presidents...

If President Trump succeeded in his aim of cutting prescription drug prices by 50% “almost immediately”, it could subtract more than 1%-point from headline PCE inflation. There is little indication of...

Any short-term boost to domestic steel and aluminium production from higher tariffs is likely to be short-lived and offset by declining output in metal-using industries – making the tariff hike a drag...