Célestin Monga warns against using a demand-side remedy to treat a supply-side pathology.

Consumer spending rose in April at a seemingly robust rate, but only because of inflation. Americans aren’t getting much bang for their buck these days with gas prices so high. Personal spending ...

March’s producer price report is another reminder that not all inflation is created equal. A commodity-driven jump tied largely to energy is one thing. A generalized inflationary breakout across goods ...