Bank of Japan Policy Outlook Complicated by Fiscal Stimulus and Past Policy Legacies
The BoJ's policy outlook in 2026 is complicated by new fiscal stimulus, exchange rate weakness and rising bond yields. Japan's contribution to...
294 Views
Fed Policy Outlook Heavily Influenced by QE Legacy Issues
The Fed has crucially supplied abundant liquidity during periods of market stress since 2008. Markets are skittish about near term policy conduct....
258 Views
AI Spending Binge Imparts Balance Sheet and Funding Changes on Asset-Light Big Tech
The buildout of AI infrastructure imposes change on the balance sheets and funding of Big Tech. Balance sheets will be less asset-light and more...
254 Views
Poor Affordability and Structural Issues Take Their Toll on US Housing
Lower US mortgage rates in 2025 have not significantly boosted housing activity as they remain way above their recent historic lows. Poor...
283 Views
End of Quantitative Tightening Partly Eclipsed by Hawkish Pivot by Fed Chairman Powell
Fed Chairman Powell dampened expectations about another federal funds rate reduction next month. The Fed has relinquished control of its balance to...
438 Views