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…
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…
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…
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…
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…
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…