We are emerging from an eventful week characterized by high-impact news and significant market volatility. The narrative was dominated by the Federal Reserve, escalating geopolitical tensions, and further evidence of the ongoing “rewiring” of the international trade and investment system. Wednesday’s FOMC announcement left interest rates unchanged. This was followed by a relatively uneventful press conference in which Chair Jerome Powell sidestepped delicate political and economic inquiries. Notably, the January decision had two dissenting votes in favor of a 25-basis-point cut (Governors Waller and Miran) alongside ... (full story)