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The forward curve serves as a baseline projection of future interest rates to support investment analysis. Borrowers can use it to evaluate potential costs and returns on investments. While not a precise forecast, forward curves can help borrowers identify potentially advantageous times to...

Most companies engaged in operational FX hedging will perform at least a cursory annual review under specified policy requirements. That review often fails to include a holistic assessment of fundamental risk management questions, including “Should we be hedging?” “How should we be hedging?” and...

Mixed macro signals drove a volatile week, as softer labor data and shifting rate expectations unsettled markets even as risk appetite intermittently returned. Technology and crypto-linked assets bore the brunt of the repricing, highlighting growing sensitivity to capital spending and financing...

The Bank of England’s (BoE) Monetary Policy Committee (MPC) narrowly voted 5-4 to leave rates unchanged at 3.75%, with four members preferring a 25 basis point (bp) cut to 3.50%. Markets had expected a 7-2 vote, and the narrower margin quickly led investors to price in the higher probability of a...

Markets were choppy as the Fed held rates steady and signaled patience. President Trump nominated Kevin Warsh to succeed Chair Powell. Gold, silver, and oil climbed and then fell, equities edged higher, and investors now turn to jobs data for direction amid leadership uncertainty globally.

At a time when investors are paying close attention to signals around inflation control and central bank independence, markets received Kevin Warsh’s nomination as Fed Chair with relative composure. Rather than triggering a sharp repricing, investors treated the announcement as a question of...

Earlier today, January 28, 2026, the Federal Open Market Committee (FOMC) voted to keep their target rate in a range of 3.50% to 3.75%. The decision was not unanimous, with 10 members voting to hold rates steady while Governors Waller and Miran dissented in favor of a rate cut.

Policy uncertainty drove a choppy start to the week, with equity markets pressured by renewed tariff concerns before stabilizing. As trade tensions eased, volatility moderated, but not enough to erase early losses. The S&P 500 ended modestly lower on the week, while Treasury yields were unchanged.