The Fed left its policy rate unchanged at between 0.25% and 0.50% at the conclusion of this week's FOMC meeting, but it appears to be firmly on track for a December hike. However, the fed funds rate...

The annual growth rates of all the monetary aggregates accelerated in August, with a particularly pronounced pick-up in narrow M1 money growth, but bank loan growth has slowed slightly. The latter is...

The big gap that has opened up between the CPI and PCE measures of core price inflation is now largely due to just one category, medical care. The Fed's preferred PCE measure of core inflation is...

The cash held overseas by US firms has continued to grow at a rapid pace, rising to almost $2.5tn in 2015. The substantial tax bill most firms would face if they attempted to bring this cash home...