The latest policy statement from the Fed today is remarkable for what it omits rather than includes. There is no explicit mention of the government shutdown or what impact it might have on the economy...

Depending on which of the survey measures you believe, either the economic recovery is about to take off or fade away completely. The fundamentals, however, suggest that the truth probably lies...

A satisfactory explanation for the easing in jobs growth is hard to find, but a fading of the fiscal drag and a further pick up in overseas demand means it probably won’t be sustained for long. We...

Our M3* measure of broad money, which replicates the series discontinued by the Fed, continued to grow at a healthy annual rate of nearly 6% in September. But the longer the Fed delays the tapering of...