The Eurozone Economy: a revival
The Euro Area (EA) economy is now following a robust growth trend. It has started in 2013 and in 2016 and 2017 the EA GDP growth will be higher than…
Are the Fed’s interest rate projections credible?
At the FOMC meeting on September 19 and 20, members charted the central bank’s so-called dot plot of expected rates for the years out to 2020, involving one interest rate…
The Fed normalizes its monetary policy but is not optimistic
As expected, the Federal Reserve has decided to start the process of reducing the size of its balance sheet. It will start next month in October. Details of the operation…
The US Federal Reserve in unknown territory
Written with Aline Goupil-Raguénès During today’s meeting, the probability is high that the Federal Reserve will decide to reduce the size of its balance sheet. This latter started to increase…
Euro Area: +6.6 million jobs since 2013
During the first half of 2017, the employment level came back at its pre-crisis peak level. This was already the case for the first quarter but it has been confirmed…