Media – Blog
March 19, 2026
FOMC Maintains Target Range, Outlook is Uncertain As widely expected, the Federal Open Market Committee left the federal funds target range unchanged at 3.50%–3.75%. Key takeaways from the meeting are outlined below: Statement Summary of Economic Projections Powell’s Press Conference Market Reaction
Read more
March 18, 2026
Introduction: How Stablecoins Are Changing Corporate Cash Management For decades, the fundamental mechanics of corporate cash management in marketable securities have been defined by banking hours, batch processing, and the friction of settlement cycles. Historically, transactions operated under T+3 settlement cycles, before transitioning to T+1 in May 2024. For institutional
Read more
March 17, 2026
March Madness in Markets The conflict with Iran has now entered its third week and has triggered notable shifts across global markets. Oil prices have spiked, Treasury yields have moved higher, equities have declined, and market expectations for Fed rate cuts have been scaled back. Much of the market’s attention remains focused
Read more
March 4, 2026
Fed Tone Suggests Patience on Rate Cuts We have seen a noticeable shift in the Federal Reserve’s tone over the past several weeks, including comments from several of its more dovish members that reinforced expectations that the FOMC will remain on pause for the time being. Importantly, the shift in tone from policymakers who had previously leaned dovish
Read more
March 4, 2026
Recently, in our blog Investing in AI? The Hidden Risks Behind the Hype, we outlined key considerations for investors looking to purchase debt from issuers investing heavily in AI infrastructure. We emphasized the importance of considering companies with: Just one day after publication, however, investors’ focus surrounding AI quickly pivoted
Read more
February 24, 2026
10% Credit Card APR Cap: How It Could Shake Up Banks and Borrowers Last month, President Trump revived calls for a one-year 10% cap on credit card interest rates to provide financial relief amid an affordability crisis. If passed, this policy would limit the maximum annual percentage rate (APR) that credit
Read more
February 17, 2026
Labor Market: Mixed Signals, Strong Payroll Surprise Due to the second government shutdown, the monthly jobs report from the Bureau of Labor Statistics was delayed by several days. In the interim, a series of labor market releases pointed to potential softness in employment trends: Collectively, these reports suggested mounting weakness in labor demand and raised
Read more
February 11, 2026
As we review Q4 2025, the venture debt market found its footing after a strong mid-year surge. Activity cooled across both technology and healthcare, but the broader 2025 story remained intact: disciplined capital deployment, fewer transactions, and a continued shift toward larger, later-stage financings. In the technology sector, activity cooled
Read more
February 4, 2026
Central Casting: You’re Hired — Fed Chair Edition President Trump nominated Kevin Warsh as the 17th Chair of the Federal Reserve to succeed Jerome Powell, whose term ends on May 15, 2026. Although Warsh had been under consideration for several months, he only emerged as the front-runner after President Trump signaled on January 16th that he was
Read more
February 2, 2026
Nearly four years after we first highlighted the credit advantages of Big Tech’s large cash holdings, balance sheet strength has only grown more important. The rapid adoption of generative AI is driving a surge in infrastructure and data-center spending, and capital expenditures (capex) that were once modest are now among
Read more