News

The US economy continued to grow in the final quarter of the year, expanding at an annual rate of 3.2 per cent, according to the Bureau of Economic Analysis.

Fed continues to taper with a further $10bn a month pulled back

The US Federal Reserve said it would continue to reduce its bond buying stimulus program by $10 billion a month and will keep interest rates extraordinarily low for as long as required.

Satyajit Das: Ditching expansionist policies is like trying to escape from Hotel California

Das Capital: It's like listening to Monty Python's mortally wounded Black Knight

US jobs shock creates doubt over Federal Reserve taper

A weak jobs report sent US government bond yields tumbling on Friday and created fresh uncertainty over the pace of the Federal Reserve’s tapering of its monetary stimulus programme.

Bad weather blamed for December's worse-than-expected US unemployment numbers

Employers in the United States hired only 74,000 new workers in December, well below the almost 200,000 that many economists had predicted -- although the December number may have been affected by bad weather.

Janet Yellen: Breaking a ceiling that should have been smashed long ago

The new head of the US Federal Reserve has been through four full economic cycles in her career as a professional economist

Yellen will take over leadership of the Fed as it begins to reduce its $85 billion a month 'quantitative easing' programme

Janet Yellen voted in to become first woman to chair US Federal Reserve

The US Senate on Monday confirmed Janet Yellen as the new chairman of the Federal Reserve by a vote of 56 to 26.

Fed chairman Ben Bernanke's policy might not be cost-free

If the US rises from its economic sick bed, the world will follow

A week in Washington has convinced me that the economy there has turned the corner. Interest rates are rising, which means that ours will surely follow

Ben Bernanke prepares for Fed exit with upbeat assessment

The Federal Reserve remained committed to highly accommodative monetary policy despite having trimmed its bond-buying stimulus programme, Ben Bernanke said on Friday in what could be his last speech as Fed chairman.

The most annoying, pretentious and often useless business jargon City boys love... and probably don't understand

They're confusing, pretentious and often meaningless

2013 - the year in review: Slowly, the world economy is turning a corner

An uneven recovery began to strengthen. The US, despite having to cope with feuding over its budget, seems to have sped up

Review of the Year: View from the US saw a female hand on the Fed tiller, and two fine messes

The taper

After months of deliberation, during which time world markets convulsed wildly as investors speculated about the direction of monetary policy in the world’s largest economy, the US Federal Reserve this month reduced the size of its bond-buying programme.

The workforce is rising in some countries and falling in others. Why? Economists are puzzled …

These inactive folks stand ready to return to the labour force if jobs become available

Jim Armitage: Listening to Boston common sense would have helped the Fed on QE

Outlook All hail the Bostonians. The American city that brought us JFK, Ted Kennedy and, er, John Kerry has had a history of liberal leaders on the whole more often right than wrong. Even, let's be honest with ourselves, when they faced the Brits, in that little matter of the 1773 wet tea chest competition.

Global markets rally as Fed reduces QE but pledges to keep rates low

Investors take the Fed's announcement as a sign that the US economy is strong enough to support further stock market gains

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Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
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'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
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Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project