Will the Fed choose financial stability over fighting inflation? Markets have been trying to guess when the Fed will stop raising rates for months. There…
Victor Adair9 April 2023
Classic signs of stress across financial markets The banking sector has been the epicentre of the "stress" which started over a month ago in the…
Victor Adair26 March 2023
Things break when interest rates have been near zero for more than a decade and then rise ~5% in less than a year! Today's blog…
Victor Adair19 March 2023
Break something? The Fed has been raising interest rates for the past year to bring inflation down to its target range of ~2%. For the…
Victor Adair12 March 2023
The DJIA hit a 4-month low on Wednesday but then bounced - as fears of "higher for longer"interest rates diminished The 2-year Treasury yield hit…
Victor Adair5 March 2023
Interest rates keep rising Incoming inflation data has been hotter than expected; forward markets are now pricing another 75bps increase from the Fed (25 bps…
Victor Adair26 February 2023
Interest rates rose again this week; stocks, bonds and gold fell while the US Dollar rallied I began last week's Notes by pointing out that…
Victor Adair19 February 2023