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Fed Faces Tough Rate Decision

September 11, 2026 Inflation data took center stage this week ahead of next Wednesday’s Federal Open Market Committee (FOMC) and

Jobs Data Shifts Fed Outlook

September 4, 2026 The prior week’s Jackson Hole keynote by new Federal Reserve Chair Kevin Warsh struck a more hawkish

Fed Signals Patience

August 28, 2026 Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole address this morning, placing inflation firmly at

Labor Market Softens

August 7, 2026 The July employment report was the week’s dominant story as U.S. employers unexpectedly cut jobs during the

Fed Holds Amid Mixed Signals

This week included the much-anticipated Federal Open Market Committee meeting concluding on July 29th. The Federal Reserve held its policy

Central Banks to the Rescue

The novel coronavirus pandemic that spread across the globe beginning in late 2019 and early 2020 presented nations with a crisis that threatened both the health of populations, as well as the vitality of national economies. As the pandemic spread, negative economic impacts resulting from pandemic mitigation measures were felt at a speed and scope not seen before. Prior economic recessions were often associated with asset bubbles, speculation, easy credit, or weak regulation. The blow to the global economy from COVID-19 was a new kind of shock; one tied to social distancing and quarantines that shuttered businesses, sealed borders, disrupted supply chains, eliminated jobs, increased financial market volatility, and left policy makers scrambling for solutions. Recovery efforts differed across borders, but the crisis engendered immediate and decisive action from central banks across regions, some of which were still recovering from the effects of the global financial crisis of 2008-09. Central banks implemented traditional recession-fighting weapons, but the speed, size, and magnitude of their efforts to address the COVID-induced recession were unprecedented as they were varied. Central banks continued to support their economies while stabilizing capital markets through monetary policy, maintaining open market operations, repurchase agreement facilities, lowering bank reserve requirements, reintroducing asset purchases, and creating capital market back-stops, all which provided much needed confidence and liquidity to a global financial system threatened by COVID-19.

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