David Wyss

Prices continue to plunge, but the US housing market doesn't appear to be turning around just yet, writes Standard & Poor's chief economist.

The run-up in commodity prices highlights the vulnerability of many industries to rising energy and raw material costs, says S&P who predicts prices could continue to rise for another five years.

US economic growth will be within a forecasting error of recession for the next three quarters as the effective cost of capital remains high.

S&P chief economist examines the issues facing the new Fed chairman.