Popular Treasury ETF Hits Lowest Level in Over Two Decades — What Investors Should Monitor
A heavily traded Treasury-bond ETF has fallen to its lowest point in 20+ years. Context on causes, market implications and what to watch next.
Inflation
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U.S. futures steady as markets await inflation reading amid renewed Strait of Hormuz uncertainty
U.S. stock-index futures were little changed as investors weighed new demands from Iran over the Strait of Hormuz and awaited key U.S. inflation data later this week.
Japan and US confirm rare joint intervention to prop up yen
US President Donald Trump says helping to bolster the Japanese currency is a sign of friendship. Published On 3 Aug 20263 Aug 2026 Japan and the United States have confirmed a rare, coordinated yen-buying intervention to halt the Japanese currency’s slide to 40-year lows, with Tokyo signalling it is willing to take further action if…
The Treasury will check Andy Burnham’s ambitions – unless old orthodoxies are challenged | Larry Elliott
Some things never change. Fifty years ago, Britain was sweltering in the long hot summer of 1976. The Labour government was acutely aware that the financial markets were scrutinising its every move. And a man called Healey was running the Treasury. On the surface, the challenges facing John Healey are less severe than those Denis…
What Higher Interest Rates Mean for Governments, Investors and Consumers
For much of the past decade, low interest rates shaped economic decisions around the world. Governments borrowed at historically low costs, businesses expanded through inexpensive financing, and households became accustomed to affordable mortgages and consumer credit. As interest rates have risen in many economies, that environment has changed significantly. Central banks typically raise interest rates…
Obama vs. Trump Is the Election Day We Needed but Never Got
But what America’s forces of progress have long understood is that America’s ideals are a trap that can be sprung on those who betray them, and Trump has betrayed them. What Democrats have not known, at least since Obama, is how to spring that trap. Trump’s dominance of the post-Obama landscape has led many Democrats…
Burnham rules out calling early election as PM
Burnham fielded questions from Reddit users on a range of topics and confirmed some policy positions. He said he would seek to negotiate a returns agreement for failed refugees, including with Taliban-run Afghanistan. He said he would not scrap the triple lock, a policy introduced by the Conservative-Lib Dem coalition government which guarantees the state…
Art Galleries Are Not OK
What went wrong? The short answer is: The art world expanded wildly, but the art market — the total dollar volume of art sales — did not. In fact, if you read the Art Basel/UBS Art Market Report for 2026 carefully, and adjust for inflation, the data shows that the art market has stagnated. The…
Warsh Makes His Case With Jargon, and a Penchant for Detail
From the moment Kevin M. Warsh stepped to the lectern for his first news conference as chairman of the Federal Reserve on Wednesday, he sounded less like the head of the central bank and more like a politician. Fresh off presiding over his initial policy meeting as the leader of the world’s most powerful central…
See How the First Fed Statement Under Warsh Evolved
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in part reflecting the…