Macro, Fed and Rates

Construction cranes above rows of illuminated server racks in a dark data center under construction

Macro, Fed and Rates

Hot Inflation and Expensive AI Infrastructure Debt

16 October 2026 · 13 min

Illustration: oil barrels and Paul Volcker-era inflation and rate figures of 9%, 13% and 17% set against a modern bank and data centers

Macro, Fed and Rates

Banks Report, Inflation Decides: What JPMorgan, Goldman and the Others Showed Ahead of CPI

14 October 2026 · 17 min

Pierre Menard rewrites "Don Quixote" word for word, yet it becomes an entirely different book. This year the market repeated five percent. The yield is the same. The year is different.

Macro, Fed and Rates

The Same Text, a Different Manuscript

25 September 2026 · 10 min

The tide does not stop on command

Macro, Fed and Rates

The Fed Raised Rates by 0.25 Percent in September 2026

18 September 2026 · 13 min

The premium is not a weather forecast, but a forecast of the unknown

Macro, Fed and Rates

Why long-term yields are rising when inflation is not

4 September 2026 · 17 min

The clipped and the milled shilling. The whole dispute lies between the two coins: the inscription stays the same, the metal does not.

Macro, Fed and Rates

Money matters: Warsh, the clipped shilling and the work the Fed has not yet done

31 August 2026 · 13 min

Illustration 1: "The Armada and the Curve"

Macro, Fed and Rates

When Debt Speaks Louder Than the Fed

26 August 2026 · 11 min

The modern labyrinth: the Minotaur as inflation and AI capex, with Ariadne's thread cut (illustration)

Macro, Fed and Rates

Fed Holds Rates Under Kevin Warsh: What the Steepening Yield Curve and the Meta & Microsoft Earnings Mean for Investors (July 2026)

31 July 2026 · 14 min

The Fed's new policy

Macro, Fed and Rates

Fed June 2026: Kevin Warsh Rules Out Rate Cuts - What It Means for Markets Through Year-End

25 June 2026 · 6 min