The chart that shows why the Federal Reserve cut interest rates
So the Federal Reserve cut interest rates by 25 basis points, taking the Fed funds rate from 4.25% to 4%. In the lead up to the decision (which was well trailed) inflation…
So the Federal Reserve cut interest rates by 25 basis points, taking the Fed funds rate from 4.25% to 4%. In the lead up to the decision (which was well trailed) inflation…
The French government fell yesterday when the French Assembly passed a motion of no confidence in Prime Minister Bayrou, killing his budget. The previous Prime Minister Michel…
Here's the chart: source The chart says "first time since 1996", but the gold on the central banks balance sheets back then was…
French political turmoil has reared it's head again; it looks like Prime Minister François Bayrou won't be able to pass a budget through the French Assembly. There will be a…
Governor Adriana Kugler did not attend or vote in the FOMC meeting last week (where they voted 9 - 2 to hold interest rates in her absence). The official reason given was that…
When the EU followed Japan and signed up to 15% tariffs, many commentators predicted that Canada would "cave" to Trump too. But Canada's situation is different to that of the…
President Trump has just announced a trade deal with Japan and the Philippines. What can we learn from these deals, and the deals already announced with the UK, China, Vietnam…
Attacks on Fed Chairman Jerome Powell are happening almost daily as the Trump administration tries to force him to step down early. At the start of July, Trump posted the…
Here is the chart comparing the futures price of copper on New York's COMEX exchange to the price on London's LME exchange: source Until Trump's inauguration…
US retail sales for May came in lower than expected, down 0.9% from April, and the culprit was auto sales. Here's the breakdown by sector: source Recall…