Ongoing tariff dynamics are being complemented by DOGE’s federal government employee layoffs

Key takeaways from the Forward Guidance podcast featuring Damped Spring CEO Andy Constan

January’s FOMC minutes shed light on what the Fed thinks about its bank reserves and its ongoing campaign of QT

A lot has changed in the six months since the Fed decided to cut rates

All eyes were on Bessent to see if he would change the composition of issuance back toward normalization

Looking at data points that hint at a labor market that continues to remain in balance

FX volatility is believed to be the key exhaust valve of Trump’s tariff and trade policy this year

Everything has been somewhat upside down in recent years, leaving many economists befuddled

One key driver behind talk of a swift end to this cutting cycle is around surprisingly stubborn inflation

One big learning was how high interest rates were actually making inflation worse, rather than deterring it

Over one year it felt like we’ve been through five different versions of the Fed

Going into an FOMC meeting, a constellation of factors come together to affect the event’s price outcome

Reflecting on the two worlds I live in poses an interesting vignette

There’s a lot of confusion as to why the Fed might still be cutting rates despite what looks to be an economy doing pretty well

Something very interesting showed up in the FOMC November meeting minutes this week

Crypto’s calls are equally as juiced as puts, creating a “smile” in the volatility surface

You’ve heard a lot about Trump’s tariff plans and their potential economic impact. Here’s Felix’s take

With respect to today’s FOMC meeting, Powell needs to carefully consider where he wants to attempt guiding yields

Ever since rates came off zero and fiscal deficits exploded, markets have started paying close attention to how the government is funding itself

It’s crucial to look at the broad economy and not just the overnight rate that the Fed talks about