The Fed issued a very similar statement at the conclusion of the latest FOMC meeting today, which included an upgrade to its assessment of economic growth. On balance, this is a marginally more...

The decline in the household saving rate, to a near-decade low of 3.1% in September, is largely explained by the accompanying surge in household net wealth to a record high. Capital gains mean that...

Regardless of who is nominated to be the next Fed Chair, we expect a rebound in core inflation will prompt the Fed to raise interest rates four times in 2018. The components that have dragged core CPI...

If President Donald Trump is serious about being a “low-interest rate guy”, markets are probably right to brush off John Taylor’s chances of being nominated for Fed Chair. That said, we don’t agree...