The survey-based and anecdotal evidence has been pointing to a sharp acceleration in wage growth for some time, yet the growth rate of the monthly average hourly earnings measure has remained...

With QE3 done and dusted, the Fed has emphasised that the incoming economic data will determine when interest rates first rise. Our forecasts that the unemployment rate will fall faster than the Fed...

As expected, the Fed today announced an end to its third round of large-scale asset purchases (aka QE3). Slightly less expected, however, is that despite the recent market volatility, the statement...

The indirect impact on core inflation from the recent fall in energy prices is one more reason why coreinflation won’t increase as fast as we previously expected. Nonetheless, we still think that both...