In the latest quarter, real consumption in the United States grew at a robust 3.7% annual rate. Goods consumption surged at an impressive...

No sign from today's PCE report that aggregate consumer spending is slowing down. Slightly the opposite in fact...

Euro area goods demand should be resurgent...after a prolonged period of weakness, euro area retail sales should be recovering...they aren't

And two to be cautious. Reasons to be cheerful... Rate Shift: over the past 4-6 weeks markets have shifted rapidly towards the idea that...

So far the energy shock isn’t big enough to send US economy into a downward spiral.