Last week's upward revision to third-quarter GDP growth to 3.6% annualised, from the initial 2.8% estimate, prompted a number of forecasters to lower their forecasts for fourth-quarter GDP growth, in...

Cutting the interest on excess reserves (IOER) rate may seem like a simple way for the Fed to signal its intent to leave short rates at near-zero for several more years, at the same time as it begins...

The Fed is clearly looking to offset the market impact from any decision to wind down its asset purchases by strengthening its commitment to leave its policy rate at near-zero for several more years...

The key takeaway from the minutes of the late October FOMC meeting is that, despite the government shutdown, the Fed was still open to tapering its monthly asset purchases at the mid-December meeting.