Policy uncertainty is muddling retirement planning — and advisers are just as confused

We thank Eric Leeper and Juan Rubio-Ramirez for helpful discussions. Massimiliano Marcellino and Tommaso Tornese kindly provided code implementing their Algorithm 2. The views expressed herein are those of the authors and do not necessarily reflect those of the Federal Reserve Bank of Atlanta, the Federal Reserve System, or the National Bureau of Economic Research.

Teen Venezuela quake survivor mourns her ’young forever’ friends

EUR/JPY trades around 185.80 at the time of writing on Thursday, little changed on the day after reaching a one-month high earlier this week. The pair is edging slightly lower as the Japanese Yen (JPY) regains some footing, although expectations of further monetary tightening by the European Central Bank (ECB) continue to provide underlying support…

MANILA, PHILIPPINES – JULY 22: US Secretary of State Marco Rubio attends the ASEAN Post Ministerial Conference with the United States during the ASEAN Foreign Ministers’ Meeting at the Philippine International Convention Center on July 22, 2026 in Pasay, Metro Manila, Philippines. Pool | Getty Images News | Getty Images U.S. Secretary of State Marco…

Presented by: Daniel Bunn This year, a wave of new company tax disclosures is coming in response to increased transparency requirements from US accounting standards, the European Union, and Australia. Because the data will be messy and poorly suited for drawing strong conclusions, the data the new rules require companies to produce can easily be…

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