The Fed's decision to maintain its asset purchases at $85bn per month was, given that most commentators expected a modest reduction in the pace today, unsurprisingly bond and equity positive. We...

The CBO's latest projections show that America’s long-term debt problem is slightly less daunting than it previously appeared to be. Nevertheless, at some point policymakers will still need to tackle...

The slight moderation in the annual growth rate of the broad monetary aggregates should help to ease fears that the Fed's quantitative easing is putting upward pressure on price inflation. The growth...

It should only be a matter of time before the recent fall in the number of people losing their job is followed by a rise in the number of people finding a job. Less firing and more hiring is obviously...