After slowing sharply in the first quarter, household spending growth appears to have rebounded in the second. A combination of strong labour markets, low household debt burdens and steady growth of...

Preliminary PMIs, which were published by Markit today, suggest that the recovery in advanced economies continued strongly in June.

Janet Yellen’s remarks about the case for reconsidering the Fed’s inflation target have generated some attention this week. But in practice, there is little prospect of the inflation target being...

Even though the US Fed will start to reduce its asset holdings, probably in Q4, global monetary conditions are set to remain accommodative for a while yet. Meanwhile, growth in bank lending in...