The key US event this week will be Fed Chair Janet Yellen’s semi-annual testimony to Congress. She will be testifying to the Senate Banking Committee on Tuesday and the House Financial Services...

Despite leaving its economic projections largely unchanged today (GDP growth expectations were revised down slightly, inflation forecasts were revised up slightly) the FOMC nevertheless cut its...

The latest NFIB survey suggests that small businesses are still intent on hiring additional workers, even though finding suitably qualified employees is getting harder. Unfortunately, small businesses...

The decline in long-term inflation expectations to a record low in the University of Michigan’s June consumer confidence survey won’t prevent the Fed from raising interest rates, not least because...