In April, the US–Israel–Iran conflict remained a key driver of global markets. After an initial ceasefire and inconclusive talks in Pakistan, the US imposed a comprehensive blockade of the Strait of Hormuz, forcing Iran back to negotiations while largely halting...

In March, escalating military conflict between the U.S., Israel, and Iran, alongside ongoing diplomatic tensions, made Middle East geopolitical risk the dominant global market driver. U.S. and Israeli strikes triggered stronger-than-expected Iranian retaliation,...

In February, FOMC minutes revealed internal divergence regarding monetary policy. While most officials maintained a neutral stance, hawkish members advocated for "two-way flexibility," noting that persistent inflation might necessitate further rate hikes....

In January, the U.S. reported a 4.4% quarter-on-quarter growth in real GDP for Q3, marking the fastest pace in two years. This growth was driven by consumer spending, exports, government expenditure, and investment, alongside a decline in imports. The Federal Reserve...

As the December Federal Reserve meeting approaches, expectations for rate cuts dominate November's market. The delayed September non-farm payroll report showed an increase of 119,000 jobs, exceeding market expectations, but the unemployment rate unexpectedly rose to...

In August, following disappointing non-farm payroll data, the U.S. CPI remained relatively mild, leading the market to refocus on expectations for a rate cut in September. At the Jackson Hole central bank conference, Powell indicated that adjustments to monetary...

In June, U.S. CPI for May fell below expectations, prompting market anticipation for a September Fed rate cut, leading to a decline in the dollar index. Mid-month, tensions in the Middle East escalated after Israel's airstrike on Iran, causing concerns about...

In April, Trump's volatile tariff policies and his continued criticism of Powell continued to roil markets, while simultaneously being constrained by U.S. Treasury yields. The U.S. GDP declined by 0.3% in the first quarter, marking its first contraction in three...

The US February CPI and PPI came in lower than expected, but core PCE rose more than anticipated. Consumer inflation expectations surged to the highest level since 1993, as the market worries upcoming tariffs will significantly push up prices. At the March FOMC...

In February, the US CPI for January came in higher than expected across the board. Despite the tariffs not yet being implemented, inflation has been rebounding for several consecutive months. Additionally, Powell reiterated during Congressional testimony that the Fed...