Given the political dynamics in the United States, there is no castor oil constituency around which fiscal consolidation can be organized. … READ MORE >
U.S. fiscal policy
Market Minute: The new trickle-up economy
The new tax withholding tables will result in an injection of anywhere from $50 billion and $150 billion of additional cash into the economy this year. … READ MORE >
Morning market minute: Rate path more uncertain as era of fiscal dominance begins
The central bank’s decisions this year will be shaped by the Trump administration’s policies on trade and immigration. … READ MORE >