There are reasons why the US Federal Reserve should be further along the path to policy normalisation than other major central banks. But there are also reasons why they should not lag too far behind.

Preliminary business surveys for December, which were published today, indicate that advanced economies in aggregate ended 2017 growing at a heady pace of around 4% annualised. They also suggest that...

Consumer confidence has surged to its highest level since 2000 in advanced economies but consumption growth has not picked up. We think this is largely due to weak real wage growth. As tight labour...

Unlike the bubbles in the tech sector in the late-1990s and in US residential property a few years later, a bursting of the bitcoin bubble should not have systemic, macroeconomic implications. The...