Powell’s December Warning Exposes the Fed’s Growing Rift
Federal Reserve Chair Jerome Powell’s blunt message that investors should temper their hopes for another rate cut in December has laid bare the widening rift...
Fed Splits Set to Widen as the Cut-Happy Camp Meets Reality
The Federal Reserve is poised to deliver a second consecutive rate cut this week to shore up a fragile labour market, but extending the easing...
Finance Ministers and Central Bankers Confront a Debt Time Bomb
Gathered in Washington for the IMF’s annual meetings, finance ministers and central bankers find themselves facing a global trading system in disarray, uncertainty over the...
Three Alleged Banking Frauds Expose the Cracks Beneath the Polished Veneer
Compared with the dramatic collapses of First Brands Group and Tricolor Holdings, the revelations from regional lenders Zions Bancorp and Western Alliance Bancorp might, at...
The Dollar Refuses to Die — Much to Everyone’s Annoyance
For most of the year, shorting the dollar has been the foreign-exchange world’s favourite pastime. In a $9.6 trillion-a-day market, that’s no small hobby. Yet...
China’s Gold Play: How Bullion Helps Beijing Needle Trump—and the Dollar
The blistering rally in gold is nudging China a little closer to its long-stated ambition: a world less tethered to US-centred finance.Beijing has been stockpiling...
The Great “Devaluation Trade”: When Safe Havens Aren’t So Safe, and Risk Isn’t So Risky
Beneath the daily whiplash of financial markets, a deeper shift may be underway. Investors are quietly rethinking what safety really means — and how to...
The Fed’s Great Balance-Sheet Diet: Still Counting the Calories
Several participants at the Federal Reserve’s September policy meeting noted the importance of keeping a close eye on money market conditions — and of gauging...
The Fed Cuts Rates — and Walks Straight into the Fog
As widely expected, the Federal Reserve trimmed its policy rate by a quarter point on 17 September. The move was well-telegraphed, and Chair Jerome Powell...