Media – Blog
June 4, 2026
What Kevin Warsh's Confirmation Signals for Monetary Policy and Market Expectations Key Takeaways Kevin Warsh is now officially Chair of the Federal Reserve after being confirmed by the Senate and sworn in by President Trump. The former Fed Governor takes the seat amid a tricky backdrop characterized by rising oil
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June 2, 2026
Core PCE Indicates Broadening Price Pressures The Fed’s preferred inflation gauge, Core Personal Consumption Expenditures (PCE), delivered both encouraging and concerning signals in the April report. The good news was that monthly inflation readings came in below expectations, with headline PCE rising 0.4% and Core PCE increasing 0.2%. While gasoline and other
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May 18, 2026
Labor Stability and Firm Inflation Keep the Fed Cautious Labor Market: The April employment report pointed to continued stability in the labor market, with nonfarm payrolls exceeding expectations for the second consecutive month (+115,000 in April following +185,000 in March). This marked the first back-to-back monthly job gains since May 2025
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May 6, 2026
Selectivity Defines the Market With 2026 under way, the venture debt market continues a now familiar trend: rising deal value alongside declining transaction volume. This divergence appears to be reflective of a continued concentration of capital into fewer, larger deals—a trend toward selectivity that emerged in the second half of
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May 4, 2026
Fed on Hold, But Tilt Shifts Hawkish as Dissents Rise At its April 29th meeting, the Federal Open Market Committee held the federal funds target range steady at 3.50%–3.75%. Notably, the decision included four dissents, the most since 1992. Governor Stephen Miran dissented in favor of a 25 basis point rate cut, while Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel
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April 16, 2026
March Labor Market Data Rebounds Labor market data showed signs of improvement in early April, following February’s weaker-than-expected report: While the unemployment rate edged lower to 4.3% (4.256% unrounded), the improvement was driven in part by a decline in the labor force participation rate, which fell to its lowest level
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April 2, 2026
Q1 2026 Recap Geopolitical tensions drove markets in Q1 2026, with the Iran conflict overshadowing much of the quarter. Early signs of escalation—highlighted by comments from Donald Trump in January—began pushing oil prices higher, though Treasury yields were initially driven by monetary policy expectations, reflecting markets anticipation for one to two rate cuts from
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April 1, 2026
Key Takeaways Private Credit Hits the Headlines: Key Stress Events Over the past few weeks, private credit has moved from a niche corner of finance to front page news: Is this similar to the 2008 Financial Crisis? At a glance, these headlines make it feel like it is—it’s not. But
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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
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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
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