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...

The unexpected decline in June's retail sales was a disappointment and, more generally, the rebound in underlying sales in the second quarter has been weaker than the turnaround last year, when...

Fed Chair Janet Yellen's latest comments don't change our view that the Fed is still on track for a September lift-off. Furthermore, we expect rising wage growth and core inflation to trigger a much...

The growth rate of our broad M3 monetary aggregate slowed slightly to 5.0% y/y in June, reflecting the ongoing impact from the Fed's decision to taper its asset purchases last year.