Macroeconomic Insights: Trump’s Tariff War – The Sequel

On Feb 20, 2026, the Supreme Court ruled 6–3 (Learning Resources, Inc. v. Trump) that the International Emergency Economic Powers Act (IEEPA) does not authorize the U.S. President to impose tariffs, a power the Constitution assigns to Congress. Between our Feb 20,...

Macroeconomic Insights: Gold’s New Inflation Playbook

Gold has stopped trading as a clean derivative of US real yields and now reflects a broader external pricing regime. Since 2022, the real-yield anchor has weakened, gold has lined up more consistently with broad-dollar moves, and episodes of dollar tightening have...
TradeTech FX USA 2026

TradeTech FX USA 2026

Over recent years, the finance community in Miami has grown, given that a number of hedge funds have opened up large offices there. Every February, the FX community from New York, and from other parts of the world meets in Miami at the TradeTech FX USA conference....

Macroeconomic Insights: India CPI – Basket Reweighting Explained

India’s National Statistical Office launched a new Consumer Price Index series on February 12, 2026, shifting the base year from 2012 to 2024 and overhauling the basket composition to reflect current household spending patterns. The most consequential change is...