We were a little surprised by the Fed's conclusion last week that it wasn't ready to begin tapering its asset purchases. As we wrote in our Fed Watch ahead of the meeting, however, a tapering was "far...

Congress is about to enter the critical stage of negotiations to extend the Federal government's spending authority, which will otherwise expire when the new fiscal year begins on 1st October, and, in...

The Fed's decision to maintain its asset purchases at $85bn per month was, given that most commentators expected a modest reduction in the pace today, unsurprisingly bond and equity positive. We...

The CBO's latest projections show that America’s long-term debt problem is slightly less daunting than it previously appeared to be. Nevertheless, at some point policymakers will still need to tackle...