No more forward guidance, still dot plots, a hawkish tone on inflation and five new task forces.
"How did you go bankrupt?" "Two ways. Gradually, then suddenly." Hemingway's famous exchange captures a recuring and growing concern surrounding the sustainability of sovereign debt.
Gold has erased all of its year-to-date gains, driven by a combination of factors.
The most interesting crypto story of 2026 is not the loudest one. Built by an eleven-person team with no outside investors, Hyperliquid has become one of the dominant trading venues in digital assets. But it is also extending on-chain trading into traditional market exposures. On the platform, users can take positions on oil, gold, indices, tokenised equities such as Tesla or Nvidia, and even synthetic exposure to SpaceX before its public listing.
Slow food for thought
Insights and research on global events shaping the markets
"How did you go bankrupt?" "Two ways. Gradually, then suddenly." Hemingway's famous exchange captures a recuring and growing concern surrounding the sustainability of sovereign debt.
Gold has erased all of its year-to-date gains, driven by a combination of factors.
Straight from the Desk
Syz the moment
Live feeds, charts, breaking stories, all day long.
Fast food for thought
Insights and research on global events shaping the markets
Most major U.S. stock indexes closed the holiday-shortened week higher, with sentiment broadly supported by news that the U.S. and Iran had signed a memorandum of understanding, clearing the path toward reopening the Strait of Hormuz and helping push oil prices lower (worst week in 2 months). Of the major US equities indexes, the Nasdaq Composite performed best, advancing 2.4%, followed by the Russell 2000 and S&P 500, which added 1.2% and 0.9%, respectively. U.S. markets were closed on Friday in observance of the Juneteenth holiday. The Federal Reserve left the federal funds rate target range unchanged at 3.50% to 3.75% on Wednesday, as widely expected. However, the central bank’s updated Summary of Economic Projections and Chair Kevin Warsh’s first post-meeting press conference were largely interpreted as leaning hawkish, triggering a sell-off in stocks and a rise in short-term Treasury yields on Wednesday afternoon.
No more forward guidance, still dot plots, a hawkish tone on inflation and five new task forces.
Crypto corner
A monthly deep dive into crypto assets
AI Insights
Hand-curated selection of the latest developments in the AI world
Investing with intelligence
Our latest research, commentary and market outlooks