The Fed today announced an open-ended QE3 focused on MBS purchases and extended its conditional commitment to leave its policy rate at near-zero through mid-2015. There were numerous other tweaks to...

Professor Michael Woodford's recent academic paper presented at the Fed's Jackson Hole conference is still making waves, not surprisingly given his conclusions that quantitative easing doesn't work...

Today’s announcement by Moody’s that it will probably strip America of its AAA credit rating is not “new news” and shouldn’t cause any major waves in the bond market. The US fiscal position has been...

The modest rebound in the NFIB small business optimism index to a three-month high of 92.9 in August, from 91.2, is encouraging, but the index is still well below its pre-recession level, suggesting...