After the fireworks at the last FOMC meeting in mid-September, when the Fed launched an open-ended QE3 and strengthened its forward-looking guidance on leaving its policy rate at near-zero, the two...

Even though our 1.3% estimate for annualised third-quarter GDP growth is already well below the consensus forecast of 1.8%, we're a little concerned that growth could turn out to be even weaker...

New figures show that US banks have not just continued to reduce their exposure to those euro-zone nations most in trouble, but they have also started to trim their exposure to German banks. This...

It is encouraging that only a small part of the recent acceleration in consumption growth is due to the release of Apple’s iPhone 5 and that the recovery in the housing market is gathering pace. But...