US: Unanimous rate rise sets up one more hike this year. The US Federal Reserve delivered a widely anticipated rate hike at the conclusion of the 15-16 Sep FOMC meeting. We had expected a contentious...

The recent sell-off in AI-linked names treats a safety-and-governance statement as a demand shock to the capex cycle, a view we believe is too blunt. In essence, Amodei’s call to “pace th...

Chaos theory. Over the last few weeks, Japan and the United States launched a rare joint currency intervention—the first major coordinated G7 action since 2011—spending nearly USD59bn to ...