Data & financial journalist covering global economics and policy
The U.S. and Japan have taken the rare step of intervening together in the currency market, buying yen after the battered currency’s prolonged decline against the U.S. dollar. Sharp movements in the yen can affect Japanese demand for American assets, the cost of hedging dollar investments and conditions in the Treasury market. The move followed…
Federal Reserve Chair Kevin Warsh could deliver a major surprise today as policymakers conclude their two-day meeting. While most economists expect the Fed to keep its benchmark rate at 3.5%–3.75%, stubborn inflation and renewed energy-price pressures have put a quarter-point hike firmly back on the table. The Fed funds rate chart shows how quickly policy…
The U.S., Canada and Mexico are jointly hosting the 2026 FIFA World Cup, but IMF data shows a wide gap in GDP per capita across the three economies.
Updated from my previous post on “The inflation metrics that could give Warsh room to cut rates” If you’ve followed Kevin Warsh long enough then his views on inflation should not surprise you. His first interest-rate decision as Fed chair has a clear message: rate cuts are no longer the central bank’s base case. The…