Tokenized Deposits vs. Stablecoins: Two Kinds of Digital Dollars, Very Different Risks
Tokenized deposits and stablecoins both put dollars on blockchain rails, but they differ in issuer, backing, protection and regulation. Here…
Author: Matt Hardy
The Neutral Rate Explained: Why r-star Is the Fed’s Invisible North Star
The neutral rate, or r-star, is the policy rate that neither stimulates nor restrains growth. It cannot be observed, yet…
Automatic Stabilizers Explained: How Budgets Cushion Downturns Without New Laws
Automatic stabilizers let tax receipts fall and benefits rise in a downturn without new laws. Here is how they work,…
September CPI Hits 3.7%: Gasoline Drives Inflation, Fed Hike Odds Jump
US inflation rose to 3.7% in September as gasoline surged 9.1%, and core prices topped forecasts. Here is what the…
Big Bank Earnings Kick Off Q3 Season: What to Watch From JPMorgan, Goldman, Citi and Wells Fargo
JPMorgan, Goldman Sachs, Citigroup and Wells Fargo report third-quarter results today, with Bank of America and Morgan Stanley following Wednesday.…
Inside the Fed’s Internal Split: Waller’s Case for Patience vs. Warsh’s Hawkish Call
Weeks before the Fed's hike, Governor Waller publicly signaled he wanted to hold rates steady — directly contrasting with Chair…
21 Major Banks Are Forming a Dollar Stablecoin Consortium
21 major banks including Goldman Sachs, Citi, and Bank of America are forming a dollar stablecoin consortium, targeting a 2027…
SpaceX’s Aggressive Post-IPO Acquisition Spree: Inside the $60 Billion Anysphere Talks
SpaceX has gone on an aggressive post-IPO acquisition spree, completing its xAI merger and reportedly pursuing a $60 billion deal…
US Deficit Nears $2 Trillion With a Month to Go: Inside FY2026’s Fiscal Gap
The federal deficit hit $1.97 trillion through 11 months of fiscal 2026, with the nation's first-ever $1 trillion annual interest…
The Fed’s Real Message Wasn’t the Hike — It Was the Dot Plot
The Fed's 25bp hike was expected — the real signal was the dot plot, where 16 of 18 officials now…