7 min readKey Takeaways: Tariffs Fade, But Risks Remain With trade war tensions easing, tariff uncertainty is beginning to fade. The U.S. economy has so far avoided recession, despite a slowdown in growth, while inflation remains close to the Federal Reserve’s 2% target. Stock markets are reaching new all-time highs and bond yields continue to decline, implying…
5 min readKey Takeaways: Over the past year, several major consumer goods companies have announced plans to divest underperforming business segments and refocus on streamlined portfolios with stronger growth potential. These announcements follow marked top-line deceleration from their post-pandemic heydays, where revenues benefited from large price increases at the expense of margin compression. While profitability generally improved…
7 min readKey takeaways: On June 26, 2025, the Federal Reserve proposed significant changes to the enhanced Supplementary Leverage Ratio (eSLR), loosening a key capital constraint that has long limited how large banks use their balance sheets. While this move could unlock billions of dollars in capital, improve treasury market liquidity, and reshape bank’s capital allocation strategies,…
8 min readMichelle “Miki” Bowman’s nomination as the Federal Reserve’s Vice Chair for Supervision was confirmed by the U.S. Senate on June 4th, 2025[1]. The confirmation aligns with Washington’s broader effort to unwind regulatory safeguards implemented after the Global Financial Crisis. During her testimony in April, Bowman advocated for “pragmatic tailoring”, adjusting capital buffers, accelerating merger approvals,…
6 min readBefore tariffs dominated the headlines, it was the rise of artificial intelligence (AI) that propelled movements in financial markets. The surging demand for AI models like ChatGPT and the advanced semiconductors needed to develop them primarily benefited the tech sector, while also driving increases in broader equities. Post-inauguration, attention to the nascent technology waned as…
3 min readYesterday, President Trump announced via Truth Social that he would be suspending reciprocal tariffs on nearly all countries for a 90-day period – marking a significant de-escalation in U.S. tariff policy. While not entirely clear from the President’s post, the indication is that countries previously in line to face tariffs above 10% will now be…
4 min readYesterday, President Trump announced a broad array of tariffs in what is arguably the most consequential trade action since the establishment of the WTO in 1995. Invoking national security interests, the President announced the imposition of a 10% minimum global tariff effective April 5th. Canada and Mexico were the only notable exceptions, with USMCA-compliant goods…
4 min readThe U.S. auto industry is entering a period of uncertainty due to the looming threat of tariffs on Canada and Mexico, which could have a deleterious effect on vehicles and parts imported from both countries. As of March 11, President Trump has initiated tariffs of 25% on Mexico and Canada, with a temporary reprieve until…
6 min readIn the latest of President Trump’s proposed tariffs, the White House announced plans to impose a 25% tariff on steel and aluminum imports, effective March 12th, 2025. This is not the first time that Trump has imposed tariffs on these metals: in 2018 Trump imposed a 25% tariff on steel and a 10% tariff on…
6 min readEntering the Presidential election, the greatest concern among voters was the economy[1] in the wake of decades-high inflation experienced under the Biden administration. By some metrics the economy was healthy at the end of President Biden’s tenure, with relatively low unemployment, equities at all-time highs, and the rate of inflation near the Fed’s 2% target….