The Inflation Mirage: When the Numbers Behave but the Empire Still Burns
US core inflation slowed more than expected in December, offering Washington a rare moment of numerical relief at the end of a year disfigured by...
Tag: US economy
When the White House Puts a Gun on Monetary Policy
As the Trump administration prepared to anoint the next chair of the US Federal Reserve, it chose instead to fire a warning shot at the...
Disinflation or Statistical Mirage? America’s CPI Blinks — and the Fed Squints
US core inflation has conveniently settled at its lowest annual pace in four years — an outcome as reassuring as it is suspect. According to...
Europe Calls Time on Rate Cuts
Markets are quietly, but decisively, signalling that Europe’s great rate-cutting adventure is already drawing to a close. Across the continent, investors are converging on the...
The Fed’s 2026 Reckoning: When Data Meets Debt and Illusion
The long-simmering argument in the US Treasury market over what the Federal Reserve will dare to do in 2026 is about to turn openly confrontational,...
The Fed Cuts Again: a new piece of theatre
The Federal Reserve, ever anxious to appear both decisive and contemplative, has delivered its third consecutive rate cut, trimming another 25 basis points from the...
The Funeral of Easy Yield
For income-hungry investors, the age of lazy, state-sponsored abundance is drawing to an unceremonious close. For years, one could be handsomely paid for doing precisely...
When the Fed Loses the Plot
Investor certainty over a December rate cut, a confidence the Federal Reserve had itself so carefully stage-managed, has evaporated with theatrical brutality. US Treasuries endured...
Fed Minutes: Hawks Circle as Cuts Lose Altitude
Many Federal Reserve officials judged that holding interest rates steady for the rest of 2025 would be the sensible, or at least the least regrettable,...