The Fed: Towards the End of the Rate Hike Cycle
The Fed has maintained its benchmark interest rate of 5.25% to 5.50% for a second consecutive meeting. The policy statement acknowledges the recent strength in...
Tag: USA
A Credit Market Under Pressure
Last March, the rise in bond yields had shaken the American banking system, sending three regional banks into turmoil. A massive fire sale and a...
Comprendre le conflit Ukrainien
L’objectif de cet ouvrage court par volonté, n’est pas de porter un jugement sur les protagonistes du drame qui se joue aujourd’hui à quelques centaines...
Saudi Arabia: The Biggest Winner in the Middle East Crisis
The Hamas attack on Israel, which derailed the main diplomatic initiative of Saudi Crown Prince Mohammed bin Salman, a three-way agreement involving the United States...
The worst bond market in 236 years
There has never been such a prolonged period of losses in the bond market as in the last three years. Indeed, it is challenging to...
Where is American democracy heading?
The removal of McCarthy as Speaker of the House has plunged Congress into an internal power struggle. It faces critical deadlines to avoid a government...
The day after tomorrow
Not long ago, the world lived in a time when money flowed freely and was inexpensive. Interest rates in the U.S. were close to zero,...
Why an American Recession Should Remain the Main Scenario
Could the Fed be wrong? In its recent projections, including the one for 2024, with a 50 bps decrease, the central bank no longer considers...
Is the West losing the war in Ukraine?
Russia invaded Ukraine last year, mistakenly believing it would be a short and glorious war. Its theory of victory now involves prolonging the war, creating...