The recent surge in short-term market interest rates in the US is linked to the upcoming change in money market fund rules rather than any underlying financial problems

The second-quarter productivity figures, which incorporate the recent downward revisions to historical GDP, reveal that the stagnation in productivity growth was even worse than we previously believed...

The news that real personal spending increased by 0.3% m/m in June, along with the reported surge in auto manufacturers’ unit sales in July, implies that real consumption growth began the third...

Despite the more hawkish language in last week’s FOMC statement, the GDP data have significantly reduced the chances of a near-term rate hike. The economy has been growing at around 1% annualised for...