Commentary

A Balance Sheet For The U.S. Economy

A path remains in sight for the U.S. to avoid a recession.

Commentary

Europe: Bracing For A Cold Winter

Policy responses to shortages are not always effective.

Commentary

Rising Rates Are Complicating Fiscal Policy

The pandemic drove up debt, and higher interest rates are adding to the burden.

Commentary

The Decline of Demographics

Populations are aging, and the economic consequences will be substantial.

Commentary

Holding Up

The Northern Trust Economics team shares its outlook for growth, inflation and interest rates.

Commentary

Partial Student Debt Forgiveness: A Half Measure

Writing off a portion of student debt does not fix the core challenges of paying for higher education.

Commentary

The End of the Housing Boom

The pandemic surge in demand for houses has run its course.

Commentary

Rational Inattention and Inflation

The war against inflation will be won when we no longer need to worry about it.

Commentary

High Turnover, Low Productivity

Workers take time to reach their full potential in new jobs.

Commentary

Reshoring Realities

Scarcity and trade frictions are leading to major supply chain realignments.

Commentary

Inflation Reduction Act: What's In A Name?

A long negotiation cycle yields green investment, a smaller deficit and higher corporate taxes.

Commentary

International Tourism: The Long Journey To Recovery

The tourism industry remains vulnerable to macroeconomic, public health and geopolitical risks.

Commentary

Balance Sheets Are Barriers Against Contagion

Household, corporate and bank balance sheets are more resilient today than during past crises.

Commentary

Running Out of Gas

The Northern Trust Economics team shares its outlook for key markets in the month ahead.

Commentary

Updating Our Labor Dashboard

Labor force participation is the greatest shortfall in an otherwise thriving labor market.