Tag: Interest Rates
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Q1 2026 Bank Earnings: Trading Desks Ride the Volatility Wave as Net Interest Income Compresses
Khan Capital | April 2026 Key Takeaways A Volatility Quarter That Rewarded the Right Desks The first-quarter 2026 bank earnings season opened this week with results that, taken in isolation, would have been read as a clean beat for the American banking sector. Every one of the six large US franchises that reported between 14…
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The Private Credit Crackup: Blue Owl, Redemption Gates, and the Liquidity Illusion
Khan Capital | March 2026 Key Takeaways Part of: Private Credit & Private Markets – Khan Capital’s hub on private credit and private markets. For the better part of a decade, private credit was the asset class that could do no wrong. It offered equity-like returns with bond-like volatility, generated consistent income in a yield-starved…
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Fed Holds Amid Iran War: Walking the Tightrope Between Jobs and Inflation
The Fed holds rates as 92,000 jobs vanish and oil-driven inflation surges. Caught between a weakening economy and rising prices, the central bank faces its most difficult policy dilemma since the Volcker era.
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Private Credit Faces Its First Real Test
Khan Capital | January 2026 Key Takeaways Part of: Private Credit & Private Markets – Khan Capital’s hub on private credit and private markets. For most of its existence, private credit has been tested by nothing more serious than a brief pandemic-era wobble that was immediately backstopped by the largest monetary intervention in history. The…
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Fed Cuts Again: Three Consecutive Cuts to Close 2025
Three consecutive rate cuts bring the fed funds rate to 3.50-3.75% as the most internally divided Fed in decades navigates missing data, political pressure, and a genuine stagflationary dilemma. Why the cutting cycle is approaching its endpoint.
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Fed Pauses Rate Cuts: Higher for Longer Returns
The Fed holds rates steady as tariffs create a stagflationary dilemma: rising inflation that argues for tightening and a softening labour market that argues for easing. Why higher for longer has returned in a new and more complex form.
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Fed Signals Fewer Cuts in 2025: Inflation Stalls, Markets Stumble
The Fed cuts rates but slashes its 2025 projection from four cuts to two, triggering the sharpest post-FOMC sell-off in months. Why the easy phase of the easing cycle is over and what it means for 2025.
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China’s Stimulus Bazooka: Beijing Tries to Revive the Economy
Beijing fires the monetary bazooka with the most aggressive stimulus since 2008: RRR cuts, rate reductions, property support, and RMB 800 billion in unprecedented stock market liquidity tools trigger a 25%+ rally. But is the fiscal follow-through sufficient?
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The Fed Cuts Rates: First Reduction Since 2020 and a 50bp Surprise
The Fed opens the easing cycle with a surprise 50bp cut, the first rate reduction since March 2020 and the largest opening move since the pre-financial-crisis era. What the pivot from inflation-fighting to employment-protection means for every asset class.
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Bank of Japan Ends Negative Rates: A Historic Shift After 17 Years
The Bank of Japan ends the world’s last negative interest rate experiment after 17 years. Why the most important policy shift in a generation was met with a shrug, and what the global implications will be as they unfold.