On balance, we still think that the acceleration in core inflation will prevent the Fed from undertaking a third round of quantitative easing, even after the disappointing August payrolls figures. The...

By the end of this year, it will be five years since the housing bubble burst. Given that the economy is likely to grow by no more than 2% this year, the US is only halfway through a lost decade. What...

In his speech at Jackson Hole, Chairman Ben Bernanke provided no real clues that the Fed is building up to more policy stimulus, such as QE3. In fact, he placed more onus on the politicians to help...

In his speech at Jackson Hole on Friday, Fed Chairman Ben Bernanke is unlikely to fulfil the markets’ hopes that he will pave the way for a third round of asset purchases (QE3). And even if he did...