The conventional wisdom is that the rebound in core inflation mainly reflects a permanent rebound in the growth rate of housing costs. However, the pick up over the past few months is more to do with...

The statement issued today after the end of the two-day FOMC meeting offered no hint that the recent signs of a renewed economic slowdown might tempt the Fed to launch another round of large-scale...

Even though the number of Google searches for "double dip recession" has surged and the old fashioned misery index has increased to a 28-year high, Americans are probably not quite as gloomy as those...

The annual growth rate of money, including our own Capital Economics' measure of the M3 aggregate, continued to accelerate in April, mainly in response to the Fed's quantitative easing. But with QE2...