Ignore the 1.3% annualised rebound in non-farm productivity in the second quarter, which barely reversed the 1.1% decline in the first quarter. The bigger story is the almost unprecedented weakness of...

A September rate hike is looking more and more like a done deal, even though the incoming economic data have been decidedly mixed of late.

The Fed's more upbeat tone on economic conditions in the latest FOMC policy statement was a long way from it ringing the alarm bells on a September lift-off. Nevertheless, it still suggests that the...

This week's FOMC meeting will be uneventful. With the Fed keen to stress that every meeting is "live" and that decisions are based entirely on the incoming data, we wouldn't expect any heavy hints in...