The incoming data suggest that labour market conditions remain soft, but the wider economic recovery does appear to be strengthening, as the severity of the fiscal drag begins to fade. Admittedly, our...

The latest policy statement from the Fed today is remarkable for what it omits rather than includes. There is no explicit mention of the government shutdown or what impact it might have on the economy...

Depending on which of the survey measures you believe, either the economic recovery is about to take off or fade away completely. The fundamentals, however, suggest that the truth probably lies...

It's ironic that the recent government shutdown and debt ceiling crisis came at a time when America's debt situation is improving. Over the next decade, a combination of faster GDP growth and only a...