Get Ready for an Overdue Fed Overhaul

A fractured Fed, unreliable data, and colliding goals have pushed policy into uncertainty. What matters now is not who votes—but whether the institution can evolve.

Mohamed A. El-Erian

November 29, 2025 at 7:49 AM IST

Federal Reserve

Central Banking

The Basel Consensus Is Cracking

Diverging US and global views on bank supervision are testing Basel III’s future. With oversight easing in Washington, the world waits to see if prudence holds.

Howard Davies

November 28, 2025 at 12:36 PM IST

Wladyslaw/ Via Wikicommon

The Morning Edge

Asian Equities Rally on Fed Rate-Cut Hopes

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

November 27, 2025 at 1:51 AM IST

US Federal Reserve

Market Wrap

Stocks Surge on FII Buying, US Rate-Cut Optimism

An end-of-day recap of all that transpired in the Indian markets, highlighting the major price movements and the factors driving them

Dehuti Jani

November 26, 2025 at 12:10 PM IST

iStock.com

The Morning Edge

Asia Extends Gains on Fed Cut Optimism and Geopolitical Easing

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

November 26, 2025 at 1:50 AM IST

White House

The Morning Edge

Asia Edges Risk-On as Fed Cut Hopes Firm and Geopolitics Ease

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

November 25, 2025 at 1:27 AM IST

US Federal Reserve

The Morning Edge

Asia Trades Higher on Fed Williams’ Rate-Cut Hint; Caution Persists Over Ukraine Plan

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

November 24, 2025 at 1:39 AM IST

iStock.com

Market Wrap

Equity Momentum Softens as Investors Await US Data and Reassess Valuations

An end-of-day recap of all that transpired in the Indian markets, highlighting the major price movements and the factors driving them.

Dehuti Jani

November 18, 2025 at 12:14 PM IST

istocks.com

The Morning Edge

Risk-Off Mood in Asia Ahead of Heavy US Data Week

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

November 17, 2025 at 1:37 AM IST

iStocks/tawatchaiprakobkit

The Morning Edge

Asia Stocks Retreat on Fading Fed Easing Hopes and Renewed Tech Selloff

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

November 14, 2025 at 1:06 AM IST

Via WikiCommons

The Morning Edge

Asian Stocks Rebound on China Data, But US Shutdown Worries Linger

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

November 10, 2025 at 1:30 AM IST

iStock.com

Is Bessent Right About the Fed?

Did the Fed’s aggressive asset purchases inflate risky bubbles and blur its core mandate? A closer look at how unconventional policy may have compromised financial stability.

Willem H. Buiter

November 5, 2025 at 7:25 AM IST

The US Department of the Treasury

Cross-Currency

Truce Without Treaty, Powell’s Echo Lingers, Markets Eye Liquidity Strain

A quick take on global markets before the noise begins.

V Thiagarajan

October 31, 2025 at 5:16 AM IST

Emkay’s Madhavi Arora on FOMC: “Easy There, My Friend”

BasisPoint Insight

October 30, 2025 at 3:57 AM IST

Will the AI Bubble Trigger a Financial Crisis?

It is worth pondering whether a bursting AI bubble could compromise the ability of other non-bank financial institutions to repay their loans.

Hilary J. Allen

October 29, 2025 at 12:05 PM IST

iStock.com

The New Friction: How Supply Chains Are Quietly Redrawing India’s Map

The world’s supply chains aren’t broken anymore, but they aren’t smooth either. And India’s metals, energy, and grain sectors are feeling every bump.

Hemachandra Padhan

October 23, 2025 at 11:24 AM IST

iStock.com

Briefing

Myth of Currency Debasement

Markets often mistake monetary flexibility for monetary decay. The greater risk lies in misreading cycles as signs of systemic erosion.

V Thiagarajan

October 12, 2025 at 4:16 PM IST

The Morning Edge

Markets Turn Risk-On Amid AI Boom, Fed Rate-Cut Hopes

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

October 9, 2025 at 1:42 AM IST

Federal Reserve

As Growth Decouples From Employment, the Fed Faces a Trilemma

Absent an astute and judicious response, the Fed could see challenges to all three elements of its (explicit and implicit) objectives: inflation control, maximum employment, and financial stability.

Mohamed A. El-Erian

October 6, 2025 at 3:53 PM IST

Federal Reserve

The Morning Edge

Global Markets Risk-Off as US Shutdown Looms, Safe-Haven Gold Surges Above $3,800

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 30, 2025 at 1:38 AM IST

iStock.com/rvimages

The Morning Edge

Asian Shares Struggle for Direction as Tech Weakness Meets Geopolitical Risks

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 25, 2025 at 1:56 AM IST

The Morning Edge

Risk-Off Mood Grips Asia After Fed Signals Unclear Rate-Cut Trajectory

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 24, 2025 at 2:04 AM IST

US Federal Reserve

The Morning Edge

Asian Markets Edge Higher as Wall Street Rally Sparks Cautious Optimism

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 23, 2025 at 1:44 AM IST

The Fed's Wrong Move

Judging from the labour market, price inflation, consumer spending, and overall economic activity, a 4.4% federal funds rate did not seem to be significantly restraining consumers and businesses.

Michael R. Strain

September 18, 2025 at 12:05 PM IST

Federal Reserve Bank of Kansas City

Powell Frames Fed’s Cut as Risk Insurance, Not a Pivot

Powell’s 25 bps cut looked dovish on paper, but his hawkish framing stressed risk insurance, not a pivot, leaving markets guessing on what’s next.

Madhavi Arora

September 18, 2025 at 3:21 AM IST

Federal Reserve

Powell’s Quiet Win Against Trump’s Noise

Powell rallied colleagues for a cautious cut, resisting Trump’s pressure. His quiet resilience showed the Fed can still steer its own course.

BasisPoint Groupthink

September 18, 2025 at 2:28 AM IST

White House

Fed Shifts Toward Job Market Risks With First Rate Cut Since December

Fed cuts rates for the first time since December, shifting focus from sticky inflation to rising job market risks as unemployment edges higher.

BasisPoint Insight

September 18, 2025 at 2:07 AM IST

Federal Reserve

The Morning Edge

Powell Frames Fed Cut as Risk Management, Equities Struggle for Direction

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 18, 2025 at 1:38 AM IST

US Federal Reserve

Fed Risks Losing Independence Under Powell’s Double Error

Powell’s legacy may be defined by delays on both inflation and growth, leaving the Fed exposed to political pressures and erosion of autonomy.

Yield Scribe

September 17, 2025 at 4:29 AM IST

White House

The Morning Edge

Trump Urges Fed for Larger Rate Cut; US and China Reach TikTok Framework Agreement

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 16, 2025 at 1:42 AM IST

iStock.com

Powell's Last Chance to Protect the Fed

With the Fed at risk of slipping on all aspects of its mandate, continued inaction by Powell would leave the institution even more damaged.

Mohamed A. El-Erian

September 13, 2025 at 4:42 AM IST

White House

The Morning Edge

US CPI Rise Overlooked as Fed Cut Bets Drive Markets; Bessent to meet Chinese Vice Premier

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 12, 2025 at 1:28 AM IST

The US Department of the Treasury

A New Approach in Trump’s War On Powell

Trump’s latest jab at Powell swaps brute force for reductio ad absurdum, arming his Fed critique with jokes, jargon, and a dash of intellectual flair.

BasisPoint Groupthink

September 10, 2025 at 2:08 AM IST

Why Cultural Capture Demands a Rethink of Regulatory Basics

Episodes of failure do not always occur because of individual misconduct within an institution. A subconscious, gradual drift away from well-established standards and principles may hasten a race to the bottom as well.

Rabi N. Mishra

September 8, 2025 at 3:15 PM IST

Via WikiCommons

The Morning Edge

Fed Cut Hopes and Trump’s Japan Tariff Rollback Lift Market Sentiment

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 5, 2025 at 12:51 AM IST

iStocks/tawatchaiprakobkit

The Morning Edge

Markets Eye Fed Easing as Jobs and Manufacturing Data Signal Slowdown

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 4, 2025 at 12:53 AM IST

Via WikiCommons

The Morning Edge

Fed Debate, Tariff Jitters and Euro Data Shape Cautious Market Sentiment

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

September 2, 2025 at 12:41 AM IST

Via WikiCommons

The Morning Edge

US GDP Growth Revised Higher to 3.3% in Q2; Fed Rate Cut Debate Intensifies

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

August 29, 2025 at 1:20 AM IST

US Federal Reserve

The Morning Edge

Fed Eyes Data Before Rate Decision; Trump’s 50% Tariff on India in effect

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

August 28, 2025 at 1:49 AM IST

Trump Tests the Guardrails of US Credibility

Trump’s firings of the BLS chief and a Fed governor mark more than theatrics. By purging referees, he risks the credibility of America’s economy.

R. Gurumurthy

August 26, 2025 at 10:08 AM IST

Via WikiCommons

The Morning Edge

Trump Fires Fed Governor Lisa Cook Amid Mortgage Controversy

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

August 26, 2025 at 1:24 AM IST

Federal Reserve

The Morning Edge

Powell Hints at September Rate Cut as Job Market Risks Rise

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

August 25, 2025 at 1:27 AM IST

Screengrab

Powell’s Caution, CBO’s Fantasy and Illusions That Move Markets, Budgets

Powell’s cautious words and the CBO’s tariff arithmetic show how modern finance thrives on misreadings and manufactured optimism.

R. Gurumurthy

August 23, 2025 at 3:58 AM IST

Screengrab

Powell’s Precarious Balance

Powell’s Jackson Hole signal of a rate cut showed a Fed caught between rising unemployment risks and Trump’s tariff-fuelled inflation pressures.

BasisPoint Groupthink

August 22, 2025 at 4:41 PM IST

US Federal Reserve

Questions for the Fed

The Fed’s inflation mistakes, overconfidence in financial regulation, and other errors partly reflect the “groupthink” to which all organizations are prone.

Glenn Hubbard

August 18, 2025 at 4:59 PM IST

US Federal Reserve

Central Banking

Goldman Sachs and the Fed’s Softer Stress Tests: A Capital Gamechanger

The Fed’s relaxed stress test scenarios cut projected losses sharply, boosting capital at the US banks. India’s system can draw key lessons.

Rahul Ghosh

August 14, 2025 at 11:29 AM IST

Via WikiCommons

Powell, Under Construction

Trump’s latest shot at Powell swaps rate charts for blueprints, but the aim is the same: bend the Fed to his campaign tune.

BasisPoint Groupthink

August 12, 2025 at 4:39 PM IST

White House

The Morning Edge

Markets Watch Putin-Trump Meeting; Fed Shifts Toward Rate Cuts

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

August 11, 2025 at 1:31 AM IST

US Federal Reserve

Central Banking

Why History Keeps Rhyming: The Return of Light-Touch Regulation

Almost two decades after the 2008 crisis, calls to ease financial regulation grow louder, risking return to the same policy mistakes that once shook the global system.

Rabi N. Mishra

August 5, 2025 at 9:04 AM IST

erhui1979/Istock.com

The Morning Edge

Markets Await Fed decision; IMF Lifts Emerging Market Growth Outlook

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

July 30, 2025 at 1:52 AM IST

Via WikiCommons

How Central Banks Jeopardised Their Independence

By expanding their own understanding of their mandate, monetary authorities became caught up in fiscal policy and triggered inflation, precisely what central-bank independence is intended to avert.

Otmar Issing

July 29, 2025 at 4:12 PM IST

US Federal Reserve

Powell Weighs Politics and Data as Trump Heat Clouds Fed’s Path

Political fire and mixed data frame this week’s Fed decision; Powell must hold the centre while keeping September easing firmly in play.

BasisPoint Groupthink

July 29, 2025 at 11:02 AM IST

White House

Through the Glass Darkly: Listing The Known Unknowns

As global risks mount, from volatility in the Russian oil supply to uncertainty over the future of the Fed chair, are we adequately prepared for the coming economic shocks?

Abheek Barua

July 23, 2025 at 10:02 AM IST

Federal Reserve

Is Trump About to Fire the Fed Chair?

The Fed’s independence has been one of the most important and stabilizing developments in economic policy in decades. Trump would hurt businesses and households by damaging it.

Michael R. Strain

July 22, 2025 at 3:17 AM IST

US Federal Reserve

The Morning Edge

Trump Ups Tariff Heat on EU as Fed Signals Split on Rate Path

Here’s your quick read to start the day: a chatty, no-fuss look at overnight moves, the big story, what’s on the docket, and the tickers you need to watch.

Richard Fargose

July 21, 2025 at 1:30 AM IST

Via WikiCommons

The Morning Edge

Powell Defends Fed HQ Costs as US Data Shows Retail, Jobs Rebound

A newsletter designed to prepare you for the day, offering a concise summary of overnight developments and key events ahead that could influence your workday.

Richard Fargose

July 18, 2025 at 1:20 AM IST

US Federal Reserve

The Morning Edge

US Fed Officials Warns of Rising Inflation from Tariffs

A newsletter designed to prepare you for the day, offering a concise summary of overnight developments and key events ahead that could influence your workday.

Richard Fargose

July 17, 2025 at 1:21 AM IST

US Federal Reserve

The Morning Edge

EU Warns of Retaliation as Trump Presses Fed, Tariff Tensions Rise

A newsletter designed to prepare you for the day, offering a concise summary of overnight developments and key events ahead that could influence your workday.

Richard Fargose

July 15, 2025 at 1:10 AM IST

iStock.com/MAGNIFIER

Fed’s Dot Plot Traps Markets In False Precision

Fed watchers obsess over the dot plot’s shifting projections. But beneath the clean graph might lie a mess of guesswork, groupthink, and miscommunication.

R. Gurumurthy

June 20, 2025 at 6:59 AM IST

AI Generated

Fed Holds Rates, Flags Caution on Tariff-Led Inflation

BasisPoint Insight

June 19, 2025 at 1:59 AM IST

Donald Trump’s Tariff Retreat Is All Optics, No Outcomes

The deal with the UK is symbolic, not strategic. Expect more such announcements as the US administration backpedals on its 10% tariff wall.

Manoj Rane

May 12, 2025 at 12:37 PM IST

Volatility In US Markets Is Here To Stay

The spell of QE cast by the Fed is still being fuelled by leverage, foreign capital, and investor psychology.

Sandeep Kumar

April 14, 2025 at 12:48 PM IST

Damien VERRIER/iStock.com

The Bureau

India’s Exports to US Fall 28.5% in Past Five Months as Tariffs Batter Key Sectors

Sensex, Nifty Hold Firm; India’s GDP Accelerates to 8.2% in July-September

Strong GDP Print Knocks Back Market Hopes of RBI Rate Cut

NCLT Approves National Spot Exchange’s Settlement Scheme With Traders

IMF Reclassifies India’s Exchange-Rate Regime as “Crawl-like arrangement”

Cabinet Oks Sintered Rare Earth Permanent Magnets Manufacturing Scheme

Govt’s Farm Research Body Rejects Allegations on Gene-Edited Rice

Sundeep Sikka on Building Team at Nippon MF & the Future of Mutual Funds | Market Makers Part - II

Jallikattu: Tamil Nadu’s Ancient Bull-Taming Tradition