The risk of a further market-driven slide in the Chinese renminbi and the renewed slump in global commodity prices, triggered by heightened concerns about the state of China’s economy, probably won’t...

Ignore the 1.3% annualised rebound in non-farm productivity in the second quarter, which barely reversed the 1.1% decline in the first quarter. The bigger story is the almost unprecedented weakness of...

A September rate hike is looking more and more like a done deal, even though the incoming economic data have been decidedly mixed of late.

The Fed's more upbeat tone on economic conditions in the latest FOMC policy statement was a long way from it ringing the alarm bells on a September lift-off. Nevertheless, it still suggests that the...