We are sceptical of the claim made last week by Donald Trump’s nominee for Treasury Secretary, Steven Mnuchin, that lowering taxes, particularly corporate taxes, will be enough to boost average annual...

With the Republicans maintaining control of both Houses of Congress, Donald Trump’s election victory has raised the prospect that the post-crisis Dodd-Frank Act, which overhauled the financial sector...

The prospect of a major fiscal stimulus means that we are formally raising our forecasts for real GDP growth, inflation and interest rates. There is still considerable uncertainty surrounding exactly...

Although the tightening of financial conditions has persuaded the Fed to hold off from tightening monetary policy on several occasions over the past couple of years, we doubt that the recent surge in...