Fed Policy Taking Dovish Tilt in 2026 as Liquidity Management Programme Aims to Lower Repo Stress
The Fed lowered its policy rate to 3.5%-3.75% last week as expected and launched a liquidity management programme to relieve repo funding stress....
318 Views
Tax Refunds to Support Consumers in 2026 H1, Raising Inflation and Fed Policy Concerns
Depletion of the Treasury's General Account at the Fed and tax refunds in 2026 H1 reduce pressure on bank reserves and will support consumer...
312 Views
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...
374 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....
290 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...
267 Views