Fed chair Jay Powell does not bend easily. Two Fed governors (Michelle Bowman and Christopher Waller) have called for rate cuts in July. Mr Powell wants to wait for the…
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US equities have held up well in the face of uncertainty: the Trump administration had been inching towards joining Israel in attacks on Iran. On Saturday evening, the US finally…
The Bank of Japan signalled on Tuesday that it was prepared to slow QT in response to recent, volatile increases in long-dated yields. It would, said Governor Kazuo Ueda, be…
The CBI has become the latest forecaster to downgrade its expectations for growth in the UK economy. It is ironic: the very increases in wage costs that have underpinned high…
The industrial landscape is changing in Europe. Helsing, a Munich-based start-up, is ‘diversifying’ from its roots in AI and software to target drones, aircraft, and submarines. The ‘defence’ company is…
Volatile oil prices have moved centre-stage again, after Israel’s attacks on Iran. Admittedly, Iran is less important to oil markets than Russia, and it is tempting to conclude markets will…
The Rachel Reeves leadership of the Treasury is fundamentally little different from that of her more recent predecessors. Jeremy Hunt, Rushi Sunak, Sajid Javid, Philip Hammond, Nadhim Zahawi and Kwasi…
The relentless pressure on JGBs this year has been pinned on the persistent overshoot of inflation. Careful what you wish for: years of fighting deflation has perhaps blinded the Bank…
The split between US President Donald Trump and technology leader Elon Musk will cause Republicans huge problems. Mr Musk may not be everyone’s cup of tea. But on one critical…
The BoJ is considering slowing the pace of tapering of its bond purchases next fiscal year, in response to the recent selloff and heightened volatility in superlong JGBs. Super-long JGB…
