Kevin Warsh was uncharacteristically loose-lipped in his keynote address at the 2026 Jackson Hole Economic Policy Symposium , unequivocally indicating that he would be prepared to tighten policy if...

If the US gains access to greater reserves of heavy-sour crude from Venezuela, it could reduce the US’s reliance on crude oil imports from Canada and Mexico. However, any deal would need to involve...

The recent sell-off in long-end Treasuries does not amount to a tightening in financial conditions that will slow the economy. Accordingly, we still expect the Fed to raise interest rates by year-end.

Treasury Secretary Scott Bessent’s efforts to keep down the long-end of the yield curve may not have been quite as effective as he hoped, although they do provide a clear signalling mechanism. Bessent...