Robert Johnson, CFA

There are signs that both transitory issues and long-term headwinds are conspiring to keep price levels below the Fed’s target for now, but higher inflation is still a possibility.

Strong jobs number helped take the edge off disappointing consumption, autos, and other data this week.

As U.S. growth remains relatively anemic, the rest of the world is looking slightly better.

It doesn't appear that the housing market is going to save us from slower economic growth.

Transitory special factors have been keeping prices down, but signs suggest some deeper factors at work, too.

June's employment numbers don't look quite so exciting year over year, but given current labor shortages, we'll take stable growth.

The gap between wage/income growth and consumption has grown uncomfortably wide, perhaps signaling weaker consumption growth ahead.

While growth is likely to remain slower than usual, the risk of an outright recession now seems further out versus a month ago.

Since the beginning of the year, bonds have risen at the same time that equities have continued to gain.

Sector-level economic data suggests U.S. growth is less than robust, says Morningstar’s Bob Johnson.

A revision in first-quarter GDP from pathetic growth to merely bad is no sign that the economy is picking up steam.

The impact of higher rates on housing affordability could give the Fed pause in its tightening plans.

A tight labor market may not be sending prices as high as feared, but consumers will still feel the squeeze.

More than a million nonseasonally adjusted new jobs is actually nothing special, and the quality of the gains was quite poor.

Economic growth fell short, but it could have been worse.

U.S. GDP is looking ugly in the short run, while Europe is making a comeback against the odds.

Rising inflation and stagnant wage growth are combining to reduce consumer spending power.

Slower consumption growth will weigh this year, while housing will likely make a smaller contribution versus last year.

Another rise in new-orders data suggests the industrial economy is on solid ground, but demographics are holding housing down.

Stable gasoline prices could bring headline inflation down very soon.