The latest NFIB and JOLT surveys suggest that labour market conditions remain exceptionally tight, although higher interest rates are restraining business investment.

Firing Fed Chair Jerome Powell, even if President Donald Trump actually had the power to do so, would do little in practical terms to change the future course of monetary policy. Arguably the bigger...

The Federal government has now been partially shuttered for the past two weeks, which already makes it one of the longest closures on record. Given the intransigence on both sides, there is a very...

The clear view in financial markets in the wake of the December FOMC meeting is that any further rate hikes over the coming months are likely to be reversed in 2020. Our long-held forecast is that a...