Finances

The Fed Must Cut Rates, as Leading Indicators Suggest

Finances Daniel Lacalle - April 21, 2025.

Jerome Powell’s decision to reject any rate cut is a dangerous gamble. Furthermore, it is another adverse decision that hurts the productive fabric of the...

The Fed’s Three Strike Policy Mistake

Finances Daniel Lacalle - March 24, 2025.

The Federal Reserve kept rates unchanged in the last meeting, downgrading growth estimates and raising inflation expectations. The Fed expects inflation at 2.7% at the end...

European Bonds Slump After Spending Binge Plan

Finances Daniel Lacalle - March 10, 2025.

German bond yields have soared, with the 10-year bund yield rising to around 2.83%, a jump of 51% from the level of December 2023. In the...

Serious concerns about the idea of confiscating Russian assets

Finances Daniel Lacalle - February 24, 2025.

The European Union is exploring ways to confiscate part of Russia's central bank’s frozen $280 billion in assets. According to Bloomberg, European officials are considering...

Government bonds are no longer a reserve asset

Finances Daniel Lacalle - February 17, 2025.

Developed nations’ government debt is gradually losing its place as a reserve asset for global central banks. This is a monumental change in financial and monetary...

Gold shows, again, that the United States has a spending problem

Finances Daniel Lacalle - January 20, 2025.

The global gold market has experienced a radical surge in demand in the past two years, with central banks leading the growth. This trend is...

Inflation expectations rise because government spending is too high

Finances Daniel Lacalle - January 13, 2025.

Inflation expectations in the United States are on the rise as we enter 2025, raising concerns about the optimistic expectations of disinflation and the potential...

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