As if households didn't already have enough to worry about with the expiry of the payroll tax cut at the start of this year, they suddenly find themselves having to cope with a sudden spike in...

Further increases in both house and equity prices would take net household wealth back above prerecession levels later this year, perhaps helping to boost GDP by around 0.7%. This wealth effect should...

The latest projections from the non-partisan Congressional Budget Office show that, despite recent efforts to control spending and boost revenues, the Federal budget deficit will remain close to 4% of...

The expiry of the payroll tax cut will contribute to what could be a 3.5% m/m slump in personal disposable income in January. We expect any decline in real consumption to be pretty modest, however...