Markit’s new US manufacturing PMI appears to be better at capturing changes in GDP growth and manufacturing output than the ISM survey. That said, the very limited history means the real test is...

The annual growth rate of our re-constructed measure of M3 eased slightly to 5.2% y/y in April, from 5.9% but, with M1 and M2 still growing at much faster rates, we see no cause for alarm.

All things considered, we don't expect Greece's eventual exit from the euro-zone to have any devastating impact on the US economy, even if the exit from the single currency is compounded by a Greek...

At least some of the recent easing in economic growth is due to the surge in gasoline prices earlier in the year. The most recent fall in gasoline prices should therefore prevent a more sustained or...