After the Fed’s decision to raise interest rates by another 25bp, Fed Chair Jerome Powell claimed in the post-meeting press conference that “the economy is doing very well” – we couldn’t agree more...

The Fed delivered another 25bp hike in its fed funds target range to between 1.75% and 2.00% today and the updated interest rate projections show that officials now anticipate an additional two 25bp...

Growth in the narrow monetary aggregates slowed further in April, but there is still little to suggest that this is having much of an impact on the wider economy. Our measure of M3 growth has held up...

America’s isolation on trade policy, which will be on full show at this weekend’s G7 summit in Canada, raises the (admittedly still small) risks of a worst-case scenario in which the US tears up NAFTA...