Broad money growth continues to slow very gradually but, with the annual growth rate of our M3 measure still at a healthy 5.8% in November, there is no reason for concern, particularly not when...

Last week we learned that business inventories and sales both posted sizeable gains in October, while the retail sales figures showed another decent gain in November. As a result, we now expect fourth...

The modest bipartisan budget deal announced late yesterday, which would boost Federal spending by roughly $63bn over the next two years while at the same time reducing deficits by a cumulative $23bn...

The recent surge in equity prices and rapid rebound in house prices are boosting household wealth and will contribute to an acceleration in consumption growth over the next two years.