In her congressional testimony last week, Chair Janet Yellen appeared to lay the groundwork for the Fed to begin raising rates in June. Yes, the exact timing is still data dependent. But assuming we...

Chair Janet Yellen's prepared congressional testimony, which struck a more upbeat tone on labour market conditions and included a detailed discussion of how the forward guidance will be amended...

The strong pace of growth in both broad money and bank loans is another reason to believe that the temporary bout of negative inflation, which almost certainly began last month, will not develop into...

This week we expect to learn that, principally because of the recent collapse in energy prices, US headline inflation plummeted into negative territory in January. Once the temporary effects from...