German and Spanish CPI
Fed Rate Cut Speculation Gets a Fresh Impetus from Treasury Secretary Bessent
August 13, 2025
In the Trump Administration’s opinion, the federal funds target ought to be 150-175 basis points lower than the current 4.25-4.50% target range. Remarks from Treasury Secretary Bessent harp back to overly optimistic jobs figures announced initially for both May and June that were subsequently revised sharply lower. In his telling, there should have rate cuts […] More
Choppy Trading Conditions
May 14, 2025
The pattern of frequent directional reversals in the dollar and stocks has continued, reflecting the ever-changing details on the tariff front. Monday’s jump in the dollar was followed by losses on Tuesday and Wednesday, including overnight declines in the U.S. currency of 1.4% against the Korean won, 1.0% relative to the Japanese yen, 0.5% against […] More
