Global growth conditions entering 2026 appear relatively stable by historical standards. Inflation has eased, recessions have been avoided, and policy tightening cycles are largely complete.
As markets move toward expected rate cuts in 2026, a familiar assumption has returned. Many investors believe that easing US monetary policy will automatically weaken
As markets look toward 2026, the dominant macro narrative continues to revolve around the idea of a soft landing. Inflation has moderated, growth has slowed
China’s decision to adjust the currency weightings in its CFETS reference basket late in 2025 drew limited market reaction at first glance. The changes appeared
Trade policy rarely moves currency markets in obvious ways. In 2025, tariff announcements and trade restrictions did not trigger dramatic FX reactions. Yet beneath the
As markets move toward 2026, global growth expectations are shifting lower across multiple regions. The cooling is not uniform, and that unevenness is shaping how
The U.S. dollar’s decline through 2025 was gradual, persistent, and widely misunderstood. Rather than reflecting economic stress or loss of confidence, the dollar slide was
For much of the past decade, fiscal deficits were treated as background noise in macro analysis. Low interest rates allowed governments to borrow heavily without
As 2025 draws to a close, global markets are already looking ahead to 2026 with a growing sense of caution. Policy uncertainty has become a
Global liquidity conditions at the end of 2025 present a pattern that is easy to miss if the focus remains fixed on U.S. markets alone.
