Not everyone is ready to give thanks for moderating food prices.
New ideas are never as easy as they sound in campaigns.
Lost in the excitement of election week was a meeting of the Federal Reserve. At its conclusion, interest rates were lowered by another quarter-point. But where they are heading from here is a matter of increasing uncertainty.
The Northern Trust Economics team shares its outlook for U.S. growth, employment, inflation and interest rates.
The people have spoken. While there are still some unknowns, the contours of the American government that will be seated next January are reasonably clear.
Enthusiasm for structural reforms is only going to wane.
An independent central bank supports better economic and market outcomes.
Global oil markets are working through many disruptions.
The need for old age support is on the rise, as is its cost.
Policymakers have recognized China's slower economy.
The Northern Trust Economics team shares its outlook for growth, inflation and interest rates in major markets.
Fiscal responsibility is not a priority in this election.
The Northern Trust Economics team reacts to the Fed's decision and shares its outlook for U.S. growth, employment and inflation.
How rapidly should the Fed cut rates?
Labor shortfalls will become the norm in advanced economies.
The case for infrastructure investment is rising, but so are its costs.
A Soft Landing Scenario Is Still a Realistic Base Case.
That anthem was characteristic of the era. After two decades of economic frustration, free market policies had prompted a surge of growth and a bull market for stocks. The captains of industry were corporate raiders, who purchased companies, slashed expenses, pushed up prices and reaped outsized rewards.
Powell will hint at normalizing monetary policy, but at a measured pace.
The tea trade has lessons for today’s global commerce.
I chaired an international economics conference in Canada earlier this month. Delegates from all over the world attended to discuss the issues of the day. Following is an abridged version of the meeting summary that I offered during the closing session.
Analysts periodically construct elegant algorithms that produce interesting conclusions, only to learn that the underlying information is flawed.
The Federal Reserve is in the pilot’s seat as the American economy approaches a soft landing. The runway is in sight, but some careful maneuvering will still be needed.
History suggests that it is better to embrace progress than hinder it.
Tariffs do more harm than good to nations that impose them.
The Northern Trust Economics team shares its outlook for major markets, with a spotlight on the eurozone.
Lower inflation does not mean lower prices.
Mining brings economic benefit and environmental costs.
I will never forget the first auction I witnessed. It took place during one of the many summers that I spent on a farm. The auctioneer talked exceedingly quickly, but those in the crowd seemed to understand everything he said.
This year's venture to Asia was informative and delicious.
New tariffs will renew trade tensions.
The Northern Trust Economics team shares its outlook for growth, employment, inflation and interest rates in major markets.
Will the rapid growth of private credit impair financial stability?
The Northern Trust Economics team shares its outlook for U.S. growth, employment, interest rates and inflation.
AI adoption will dent the fight against climate change.
The stronger U.S. dollar is benefiting America, but creating troubles in other geographies.
Government economic intervention has persisted since the pandemic.
Dr. Bernanke found significant shortcomings in the BoE's forecasting.
We’ve covered some of the issues related to America’s fiscal crisis in recent months.
Daniel Kahneman will be missed. But his work on behavioral economics will forever be with us.
We need a much more conservative approach to projecting budget outcomes.
Cautious investment is holding back the outlook for European nations.
The Northern Trust Economics team shares its outlook for major markets, with a spotlight on China.
Europe needs to boost defense spending while managing stretched fiscal positions.
Food prices are dragging down feelings about the economy.
European nations still have a long energy transition ahead.
Consumers are less willing to spend freely.
The challenges in banks' portfolios will work out over time.
