Forget the adage about measuring twice and cutting once. Aside from the Bank of Japan, major central banks are in a hurry to tighten financial conditions even as a cyclical slowdown weakens demand.

People are "spending a lot on experiences" such as dinners and travel even as signs emerge of a weakening global economy, BofA's Brian Moynihan says. "Last year, we were talking about synchronized ...

The global economy appears poised to weather turmoil in some emerging markets, a political upheaval in Italy, and an aggressive round of trade actions from the U.S., according to the semiannual ...