Brent Crude Jumps 2.6% After Iran Fires Missiles at Israel
Brent crude jumped 2.6% to $95.50 a barrel in Asia trading after Iran fired missiles at Israel.
2 min read
Economy
Macro indicators, policy shifts, and economic forces shaping growth and inflation.
Factories, Restaurants and City Halls Add Workers as Hiring Widens
Employers added more than half a million jobs from March through May, a sharp shift from last year’s slowdown.
1 min read
Consumers see weaker finances and job prospects in NY Fed May survey
The share of households saying they are worse off financially rose to 43.7%, the highest since January 2023.
3 min read
ECB to raise deposit rate 0.25 percentage point to 2.25% on Thursday
Economists expect the ECB to raise its deposit rate by 0.25 percentage point on Thursday to 2.25%.
1 min read
ECB Set to Raise Key Rate for First Time Since 2022
A Reuters poll found 74 of 80 economists expect a 25-basis-point hike to lift the deposit rate to 2.25%.
1 min read
May Jobs Report Shows 122,000 Gains as Fed Grapples With Inflation
Workers' wages are lagging price growth, with average hourly earnings up 3.6% annually while prices jumped 3.8%, compressing household purchasing power.
2 min read
Higher for Longer Means Repricing Cheap Money
Markets must price a restrictive but not recessionary regime, where credit tightens, refinancing costs rise, and cheap money no longer anchors multiples.
6 min read
Higher-for-Longer Ends Cheap Money
Money now carries a real cost because inflation stays above target and growth is still resilient enough to keep policy restrictive.
5 min read
Can Cheap-Leverage Models Survive Higher Rates
Cheap leverage is ending as higher funding costs, balance sheet runoff, and positive term premiums reset valuations across credit and duration markets.
4 min read
Markets Are Still Mispricing Higher Capital Costs
The economy is still repricing the end of zero rates, as higher capital costs work through debt, valuations, and policy assumptions built for cheap money.
6 min read
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P&L Post Email Test Preview
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