The continued surge in long-term Treasury yields to their highest level since before the financial crisis, as expectations of an economic re-acceleration have mounted, sets a fraught backdrop ahead of...

The sudden burst of disinflationary pressure, partly due to a moderation in non-housing core services, is another reason to doubt the narrative that the real activity is gathering momentum.

The news that average hourly earnings growth increased by 0.4% m/m in July, and 4.4% over the past 12 months, might seem like a problem for the Fed. With productivity growth accelerating, however, it...

Falling vacancies in sectors where wage growth has been particularly strong will provide some comfort to the Fed, however the JOLTS survey showed that the broader labour market remained resilient in...