The modest bipartisan budget deal announced late yesterday, which would boost Federal spending by roughly $63bn over the next two years while at the same time reducing deficits by a cumulative $23bn...

The recent surge in equity prices and rapid rebound in house prices are boosting household wealth and will contribute to an acceleration in consumption growth over the next two years.

Last week's upward revision to third-quarter GDP growth to 3.6% annualised, from the initial 2.8% estimate, prompted a number of forecasters to lower their forecasts for fourth-quarter GDP growth, in...

Cutting the interest on excess reserves (IOER) rate may seem like a simple way for the Fed to signal its intent to leave short rates at near-zero for several more years, at the same time as it begins...