Media – Blog
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
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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
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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
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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
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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
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January 20, 2026
Fed Voting Rotation Adds Hawkish Tilt in 2026 The annual rotation of regional Federal Reserve Bank presidents with a vote on monetary policy introduces a more hawkish tilt in 2026. All four presidents rotating into voting positions this year are generally inclined toward a patient approach on rate cuts, while
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January 6, 2026
2025 Recap Tariffs and artificial intelligence were two of the dominant themes driving headlines in 2025. While tariffs were widely expected to push prices higher and slow economic growth at the onset, their actual impact on economic data has proven to be more limited than expected at this stage. The Federal Reserve also remained front and center throughout
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December 18, 2025
The financial press is currently fixated on whether U.S. equity markets are in the midst of an AI-driven stock market bubble. With the topic soaking up much of the proverbial oxygen in the room, other important developments in fixed income and money markets are receiving far less attention. One such
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December 17, 2025
Silent Dissents at the December FOMC The December 10th FOMC meeting offered something for both hawks and doves, but it was the dot plot that most clearly highlighted a divided Federal Reserve. From a hawkish perspective, the official FOMC statement reintroduced language last used in December 2024, just ahead of the
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December 2, 2025
December Cut Probability Jumps Following Williams' Remarks During most of November, markets viewed the odds of a December rate cut as essentially a coin toss. At one point, dovish Fed speak pushed the probability of a December cut to only 30%. However, that sentiment shifted sharply on November 21st, when
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