Rising interest rates have reshaped macro conversations over the past two years, but their most powerful effects are often slow and indirect. While markets tend
The idea of a soft landing has dominated macro conversations through 2025, particularly around the United States. Growth has slowed without collapsing, inflation has moderated,
Tariffs were once treated as political tools with limited macro relevance. Markets typically assumed they would be temporary, negotiable, or offset by other policy measures.
The global economy is entering 2026 with momentum intact but clearly softer than in previous years. Growth has slowed without collapsing, inflation pressures have eased
Global growth has managed to stay on a steady path despite repeated trade disputes, tariff measures, and policy frictions between major economies. For years, these
The global economy is closing 2025 in a position that would have seemed unlikely just a year ago. Growth has proven more resilient than feared,
France is entering a delicate fiscal phase as an emergency budget patch becomes the bridge between political uncertainty and day to day governance. The stopgap
Japan is entering 2026 with a cautiously improving growth outlook after several years of uneven momentum and heavy reliance on monetary accommodation. While structural challenges
Japan’s latest budget has drawn attention for its sheer size, marking another record in nominal terms and reinforcing the government’s commitment to supporting growth amid
Global markets often feel noisy, with prices reacting to headlines, speeches, and short term data surprises. Yet week after week, a relatively small set of
