Matthew C. Klein

PBOC lending to other depository corporations is up by 50% since mid-2022. That coincides with deposit migration away from small and medium sized banks towards the biggest institutions.

There is not much reason to be comforted by the latest numbers on prices, but income growth may be slowing.

The country of nearly 90 million has managed to keep growing rapidly despite an increasingly fragile financial structure. Can it continue?

Look past the volatility in the monthly data on wages and prices in January and February, and prior trends seem to be holding. The good news is that sitdown restaurant prices continue to normalize.

Officials are more bullish on America's growth prospects, which helps explain why they are somewhat less inclined to lower rates despite more confidence about disinflation.

Houseolds and businesses have responded to higher interest rates by issuing less debt, yet the shift from borrowing to saving has not affected real output, consumer spending, or employment.

After a period of temporarily slower price increases, inflation in the first few months of 2024 seems more consistent with the rest of the economic data. Plus: a dive into car insurance pricing.

We are far from overcoming humanity's material needs, which means we need more production. The problem is not "excess" investment in capacity, but making sure that the capacity can be fully utilized.

U.S. spending and incomes continue to grow a bit faster than before the pandemic. And that's okay.

The April numbers suggest that the recent slowdown in average hourly pay growth since January could be something more than a fluke. That would be a big deal.