Global policymakers initially countered the financial crisis with both monetary and fiscal policy; but monetary policy has been the tool of choice more recently. Fiscal policy tools are now being more actively considered.

Like many other categories of GDP, business capital spending in the economic recovery that began in mid-2009 has lagged prior recoveries.

We continue to expect that the Fed won’t raise rates until the December 2016 meeting, but a potential path to a September hike also exists.

The LEI provides a valuable monthly guidepost regarding the state of the current economic expansion.

Looking out into the second half of the year, we expect the U.S. economy may grow between 2.0% and 2.5%.

The surprising outcome of the Brexit vote has led to uncertainty for markets and global economies.