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Subject:

Global Financial Markets

Inflate or die?

Thursday, 09 October 2025, written by Edward Markus

Investors in precious metals and equities are increasingly assuming that central banks will prioritize economic growth over fighting inflation. However, once this path has been taken, it will be difficult to reverse course. This is very positive for gold and equities, but has the enthusiasm gone too far now?

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Previous reports

Risk from an unexpected source

Thursday, 02 October 2025

For the US economy and Fed policy, the big question is what will prevail: the deteriorating labor market or a number of positive forces? In any case, we suspect that investors are assuming too many interest rate cuts, which means we can expect considerable volatility in the equity, interest rate, and FX markets in the coming period.

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Growth takes priority over inflation

Thursday, 18 September 2025

Interest rate paths for the major central banks appear reasonably predictable for the remainder of 2025, but 2026 could hold some significant surprises, with far-reaching consequences for financial markets.  
 

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Deteriorating public finances corner central banks

Thursday, 04 September 2025

The Fed faces a pivotal choice: tame inflation at the cost of sluggish growth and soaring deficits, or fuel growth and risk higher inflation. Our report reveals the path the central bank is likely to take and how it is likely to contribute to a seismic shift in financial markets.
 

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