The drought in parts of America is unlikely to have a major economic impact. At most, the resulting rise in agricultural commodity prices will reverse only a small part of the recent fall in inflation...

It is a very close call as to whether the Fed will launch a third round of large-scale asset purchases in the second half of this year. We expect growth to continue slightly below the economy's...

Joining the dots, it is becoming clear that the Fed, and its Chairman Ben Bernanke in particular, are considering launching a US version of the Bank of England's new Funding for Lending Scheme (FLS)...

Fed Chairman Ben Bernanke acknowledged in his congressional testimony today that the incoming economic data had been "generally disappointing", but offerred no hint that the FOMC was close to...