Three prominent economists, including a former Federal Reserve governor and adviser to US President Donald Trump, have just endorsed “soft monetarism” as a way to guide the Fed’s approach to inflation. But the “quantity theory” of money failed for good reasons, and those reasons have not changed.
ING’s Michiel Tukker and Padhraic Garvey expect no change in the Bank of England (BoE) policy rate at the upcoming meeting, despite markets pricing in substantial tightening. They stress that United Kingdom (UK) rates are highly sensitive to Oil moves and argue that current expectations for around 70 basis points of hikes over 12 months…
The AI-fueled bull market in stocks has shifted U.S. car sales into a higher gear — and the richest Americans are doing most of the buying.
News release The Prudential Regulation Authority (PRA) has today published a consultation on the internal model approach to market risk (IMA), which represents the final piece of Basel 3.1’s implementation in the UK. Under Basel 3.1’s market risk rules – often referred to as the Fundamental Review of the Trading Book – banks calculate how…
If you asked me at the start of the year how I would rank Advanced Micro Devices (AMD +2.13%), Broadcom (AVGO 0.31%), and Nvidia (NVDA +3.90%) in terms of potential stock performance, I would have put Nvidia at the top, Broadcom in the middle, and AMD in last place. So far in 2026, my projection that…
Artificial intelligence (AI) is fueling meaningful growth for Microsoft (MSFT +3.02%), Texas Instruments (TXN -0.58%), and Broadcom (AVGO +0.37%). Each is a leader in its respective software, semiconductor, and networking markets, and all three have excellent records of paying and growing dividends. That combination can reward patient shareholders with long-term capital appreciation and steadily rising…
Investors are bullish on Meta’s new low-cost AI pricing and infrastructure plans.
TOWNSHEND, VERMONT—Three prominent economists, Peter Ireland, Stephen Miran, and Nouriel Roubini, have just published a paper intended to influence Kevin Warsh, the new chair of the Federal Reserve who previously studied under Milton Friedman while at Stanford. Miran, a former chair of the White House Council of Economic Advisers and former Fed governor, and his colleagues seek to revive Friedman’s famous doctrine, monetarism, defined loosely as a focus on the money supply, but now dressed up in the grass skirts of a Divisia index.