Despite the sharp rebound in core inflation this year, there seems to be a growing belief in the markets that the Fed is now prepared to allow inflation to rise above the 2% target without stepping up...

We still expect that domestic economic conditions will prompt the Fed to hike its policy rate a further three times this year and twice in the first half of next year. But that view is based on the...

The rally in crude oil prices in recent months ought to be a negative for a net oil importer like the US, but we don’t expect the increase, up to now at least, to prevent an acceleration in GDP growth...

The deal the US has apparently reached with China averts a full-blown trade war and provides another example of the administration backing down from tough rhetoric on trade in return for relatively...