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Fantasia
This week I witnessed a Pink Wig Parade, and a Cornish themed carnival procession. Entertaining the crowds were a Venezuelan salsa troupe; a Fleetwood Mac tribu...
Take Two: Bank of England cuts rates after split vote; Eurozone business activity expands
What do you need to know?The Bank of England (BoE) cut its benchmark interest rate by 25 basis points (bp) to 4%, its lowest level since March 2023 and the fift...
Take Two: Fed leaves rates unchanged; Eurozone economic growth slows
What do you need to know?The Federal Reserve (Fed) held interest rates at 4.25% - 4.50% at its July meeting, though policymakers were divided, with two voting f...
Paranoid
Trade uncertainty might be declining as the US makes deals with its leading partners, but the downside is a substantial effective tariff rate for imports into t...
Take Two: ECB leaves rates on hold; US-Japan trade deal lifts global stocks
What do you need to know?The European Central Bank (ECB) left interest rates unchanged at 2.0% for the first time in a year, saying that the macroeconomic backd...
Take two: US inflation rises; China’s GDP growth rate eases
What do you need to know?US annual inflation rose in June, suggesting that President Donald Trump’s tariff policy is pushing up costs for Americans. The...
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