At their meeting recently, the makers of India’s monetary policy cut interest rates only marginally. They would seem to have had little choice—but also little confidence that a deeper cut would jumpstart the Indian economy. The preceding days and weeks had featured a deluge of worrisome data, all of it pointing in the same direction: the economy was slowing down, …

US economic data releases this week fell short of consensus expectations and markets have been lowering their expectations of a Federal Reserve hike. That means there will be even more attention on the employment report for July, which will be released Friday. What is most needed—for Main Street, for Wall Street and for an orderly normalization of Fed policy—is a …

Britain and France announced last month the death of the internal combustion engine, both scheduling it for 2040. Their ban on gas- and diesel-powered cars may only accelerate a process already well on its way, but it will help reduce the future effects of climate change and pollution now. The trend towards electric vehicles is coming from both government and …