In Janet we trust?

With the US economy bucking the global trend, Fed chair Janet Yellen has cut global markets some slack, just for now, by keeping US rates steady

World economic growth is slowing. The 3.3 per cent world growth projected by the IMF for 2015 is now only a fairy story. It will be closer to 1.5 to 2 per cent when the data comes in during the middle of 2016. Slowing growth has huge consequences for the world. Where is it coming from, and what can anyone do about it?

The eurozone’s economy is faltering, with its core inflation level ...