The Q3 slowdown in payroll growth (smaller than previously advertised) is a productivity story, not a recession story. See charts below:

The June US PCE report confirms that prices in the services sector are swinging lower again after a pretty hot first quarter. As the...

Chinese President Xi’s visit to Europe has been dominated by trade issues, particularly relating to China’s industrial overcapacity...

US data on growth and inflation is not following the rate cut script...