Thomas Costerg, Senior Economist Pictet Wealth Management. The Federal Reserve did not seek to surprise markets. It hiked rates as expected by 50bps (some market participants had feared +75bp), after +25bps in March. As expected it also anno...

Elon Musk’s acquisition of Twitter is likely to be one of the most talked about leveraged buyouts of the year - if not the decade. The $13 billion debt package arranged to back the takeover illustrates how both public and private markets can be ta...

Inflation is at historically high levels and many central banks appear to be behind the policy curve. The European Central Bank (ECB) has yet to start the normalisation process and the markets have in mind that, like the US Federal Reserve (Fed) a...

“By upping the tempo and delivering a 0.5% rate rise, but simultaneously taking a 0.75% hike in subsequent FOMC meetings de facto off the table, Powell tries to engineer a soft landing. He does not want to be remembered as the central banker who l...

Asset Allocation & Macro Research Pictet Wealth Management. The rising level of anxiety felt by the Federal Reserve (Fed) about inflation will likely see it step up the pace of its rate hikes to +50 basis points (bp) when it communicates a...

Comment by Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International “As expected, the Fed hiked rates by 50 basis points today and announced its quantitative tightening program. The overall tone was hawkish, b...