The fall in part-time employment is one more positive trend to emerge from September’s Employment Report. And more recent releases provide further signs that the labour market is improving rapidly.

We don’t think that the US will catch the latest economic cold that is currently afflicting Europe and parts of Asia. It’s worth remembering that the US is a fairly closed economy, which means it’s...

While the new iPhone release may have some effect on forthcoming consumption and import data, it won’t have any notable effect on GDP. Nonetheless, the outlook for consumption remains positive.

While the recent softening in price pressures suggests that core inflation won’t hit the Fed’s 2% target until a bit later than we previously thought, we still think it will get there by mid-2015...