The 1.7% annualised gain in second-quarter GDP was pretty modest, even if it did come in above market expectations. Nevertheless, most other data releases last week indicated that GDP growth is...

There is nothing in the latest FOMC statement released today to suggest that Fed officials have changed their minds about starting to taper the monthly asset purchases in September.

Contrary to the speculation over the past few days, regardless of whether Lawrence Summers, Janet Yellen or a third candidate gets the nod, we suspect that the outlook for US monetary policy would...

Although the recent incoming data have suggested that second-quarter GDP growth could be particularly disappointing, with a sub 1.0% reading possible, we still expect the Fed to begin tapering its...