The markets will be watching for any signs of a shift in tone in Fed Chairman Ben Bernanke's semi-annual testimony to Congress this week. Despite signs that the economic recovery is gathering momentum...

For the first time in a year, real consumption probably declined in January. Last month's unusually heavy snowfalls may be partly to blame. But the bad weather probably only exacerbated the slowing...

Despite the acceleration in the growth rate of the narrow M1 monetary aggregate, the growth of the broader M2 aggregate remains muted and our M3 measure is still shrinking.

The decline in the unemployment rate doesn't just reflect an improving job market, it is also equally due to a decline in the labour force participation rate. There are roughly one million people who...