We didn't think new Fed Chair Janet Yellen's admission that "considerable period" meant six months or so warranted the subsequent equity sell-off. It simply confirmed what we already knew, that the...

As expected, the Fed continued to taper its asset purchases and dropped its explicit unemployment rate threshold, reverting to a more qualitative form of forward guidance in today's policy statement...

As a lot of the surge in food prices in February is due to the extreme weather, it is unlikely to be sustained. Nonetheless, the risks to our forecast that food price inflation will climb from 1.4% in...

The surge in bank lending to businesses in February could be an early sign that small firms are becoming more optimistic. Either way, the growth rate of bank lending will rise further this year as the...