Consumption growth has been remarkably stable at around 2% since the recovery began in mid-2009. Nevertheless, we anticipate that the pick-up in income growth and past gains in householdwealth will...

The Fed's policy announcement was largely as expected, with the monthly asset purchases reduced by an additional $10bn, to $25bn per month. But subtle changes to the statement and Philadelphia Fed...

We expect this week’s release of the preliminary estimate of GDP in the second quarter to reveal thatgrowth rebounded at an annualised rate of 3.2% after the 2.9% contraction in the first quarter...

The weakness of business investment over the past couple of years has been disconcerting, but arange of indicators point to a much stronger showing in the second quarter while, more generally, rising...