Regardless of who wins the Presidential election, the chances of the victor having a compliant Congress appear to be fading fast. So even if Romney won, the most likely scenario is still that a deal...

After the fireworks at the last FOMC meeting in mid-September, when the Fed launched an open-ended QE3 and strengthened its forward-looking guidance on leaving its policy rate at near-zero, the two...

Even though our 1.3% estimate for annualised third-quarter GDP growth is already well below the consensus forecast of 1.8%, we're a little concerned that growth could turn out to be even weaker...

New figures show that US banks have not just continued to reduce their exposure to those euro-zone nations most in trouble, but they have also started to trim their exposure to German banks. This...