Broad money growth has stabilised at a healthy rate, but the further slowdown in the growth rate of bank lending is disconcerting.

We don’t think the balanced discussion that took place at the FOMC meeting in mid-June means that the Fed is less likely to slow the pace of its monthly asset purchases sooner rather than later. In...

The recent improvement in the sentiment among small businesses is an encouraging sign that the overall economy is becoming fundamentally stronger, although changes to taxes and regulations will...

The economy has recently been enjoying something of a “job-full” recovery as employment has been rising at a faster rate than GDP. Activity will probably catch up later this year, but in the near-term...