Tag: Stagflation
-
Core PCE at 3.4%: The Inflation Data Behind the Fed’s Hawkish Turn
Khan Capitals | June 2026 Key Takeaways Part of: The Fed’s Regime Change — Khan Capital’s hub on the Fed’s 2026 regime change. An Inflation Print That Validates the Hawks For most of the past two years the argument inside the Federal Reserve was about the speed of the descent. Inflation was falling, the only…
-
The Hawkish Hold: Inside Warsh’s First FOMC and the End of Forward Guidance
Khan Capitals | June 2026 Key Takeaways Part of: The Fed’s Regime Change — Khan Capital’s hub on the Fed’s 2026 regime change. Warsh’s First FOMC: A Hold That Was Read as a Hike Warsh’s first FOMC as chair was never likely to turn on the rate decision itself. Fed funds futures had assigned roughly…
-
From Cuts to Hikes: The Fed Rate Hike Repricing Before Warsh’s First FOMC
Khan Capitals | June 2026 Key Takeaways Part of: The Fed’s Regime Change — Khan Capital’s hub on the Fed’s 2026 regime change. A Week That Rewrote the Path of Policy For most of the past eighteen months, the central debate in rates markets was about the pace of descent: how quickly the Federal Reserve…
-
BoJ Holds, Brent Tops $107: The Twin Macro Shocks of Late April
Khan Capitals | May 2026 Key Takeaways Part of: The 2026 Iran Crisis — Khan Capital’s hub on the 2026 Iran crisis and oil shock. Two Shocks, One Week The week of 27 April 2026 produced two macro events that, individually, would have warranted standalone analysis. Together, they describe a more coherent global picture than…
-
The 8-4 Split: Powell’s Last Stand and the Stagflation Question
Khan Capitals | May 2026 Key Takeaways Part of: The Fed’s Regime Change — Khan Capital’s hub on the Fed’s 2026 regime change. A Vote That Has Not Happened in Three Decades The 29 April FOMC decision was, on its face, a non-event: the federal funds rate was held in the 3.5-3.75 per cent range…