Risk assets were generally mixed in December, with some markets taking a pause from the year-end rally that followed the US Presidential election. There was also some dampening of market sentiment ...

The impact of trade taxes is well understood. Economists have had at least four thousand years to study the effects. But the stories that are told about tariffs can magnify the economic effects.

The Bank of Japan raised interest rates a quarter point, as had been signaled in the media in advance. The BoJ appears to have confidence in rising wages, and like other central banks is following the ...