Former St. Louis Fed President Bullard on the 2026 rates outlook

Gold is heading into 2026 after one of its strongest years on record. Fuelled by aggressive central bank buying, a global interest rate cutting cycle and elevated safe-haven demand, the metal had surged more than 70% at the time of writing on 24 December 2025 and was on track to post its fifth consecutive monthly gain as well as a hat-trick of positive ...

We leave a strong year behind, with emerging market (EM) equities having raced ahead of developed market (DM) equities in 2025.1 While expecting a repeat of such exceptional performance may be too optimistic, we believe the outlook for EM equities in 2026 remains constructive. Several themes that continue to drive earnings momentum across the asset class ...

Headline Japanese inflation eased to 2.0% year on year in December, below expectations (vs 2.7% in November, 2.3% market consensus), mainly due to renewed energy subsidies, stable rice prices, and low petroleum costs. These factors are expected to keep inflation low into 2026, as the government increases winter energy subsidies, oil prices remain weak, and ...