economy
Fed Holds at 3.50–3.75%: Inside Chair Warsh's Divided Committee and the Road to September
The Fed held rates in a divided 9-3 vote in July. What the dissents reveal about the path to September's meeting — and what markets are pricing in.
Section
Economy
Macro coverage aimed at equity investors: policy rates, inflation prints and growth data, always carried through to the discount rate and the multiple.
economy
Tariffs Are Back: What the New US Levies on 60 Trading Partners Mean for Global Investors
The White House has rolled out new tariffs of 10-12.5% on 60 trading partners. What it means for global equities, currencies and inflation expectations.
economy
Jackson Hole 2026 Preview: Why This Year's Symposium May Be the Quietest in Years
The annual Jackson Hole symposium is days away. Why Fed Chair Kevin Warsh may deliberately avoid the kind of signal-setting speech his predecessors were known for.
economy
The Fed Has Stopped Being the Main Story. That Is the Risk.
Interest rates, inflation and equity valuations: why the Federal Reserve's path still sets the discount rate under record US stock prices.
economy
US Manufacturing Slows but Stays in Expansion for a Sixth Month
US manufacturing activity slowed in June but remained in expansion, while factory input prices stayed elevated despite easing from May.