The ISM activity indices have risen to levels that previously prompted the Fed to raise interest ratesand the yield curve to steepen. This is unlikely to force the Fed into action immediately – in...

We believe that the slack in the labour market is dwindling and we expect a resulting accelerationin wage growth to be one of the big stories over the next 12 months. Unless productivity growth breaks...

Recent trends in the small business sector suggest that the labour market has continued to strengthenand that the loosening in credit conditions will allow businesses to boost investment.

The recent fall in equity prices and stagnation in house prices has not taken much of the gloss off the strengthening in the other economic news. As such, the economic outlook is even brighter now...