Most recent posts from US

The FOMC will most likely keep the fed funds target range unchanged at 3.50-3.75% and shift to a more two-sided approach to future policy guidance. The case for maintaining an easing bias has weakened materially as labor market downside risks appear to have diminished, while inflation progress has become less convincing.

Despite the closure of the Strait of Hormuz, the global economy is holding up better than expected, thanks to energy relief measures and the momentum from artificial intelligence. The outlook depends on trade reopening to prevent a rebound in prices.

President Trump issued an executive order on May 19 aimed at outlining measures to restrict undocumented migrants' access to the U.S. financial system, including the use of remittance services and digital payment methods.

This presentation provides an overview of global military expenditure trends in 2025, drawing on the latest data released on 27 April by the Stockholm International Peace Research Institute (SIPRI).

Three voting regional presidents, while supporting the decision to hold rates steady today, did not back the statement’s easing bias, signaling a growing view within the Committee that the scope to resume rate cuts this year is becoming increasingly limited.

The Fed approaches this meeting in a somewhat more benign geopolitical environment than it did in March, but still-sticky core PCE inflation, alongside March’s upside surprises in retail sales and nonfarm payrolls, may push the Committee toward a somewhat more hawkish tone at the margin.

Short-term yields have declined as markets reassess the Fed outlook and move away from pricing rate hikes this year, with the 2-year leading the adjustment and the long end moving more modestly.