Matthew A Winkler

For all the criticism the Federal Reserve received in the aftermath of the Covid-19 pandemic, US Treasuries never failed to signal elevated inflation rates would recede under president Joe Biden.

The world’s most important market sends a warning

US Treasury securities have no ideology, which is why the signal they’re sending about faster inflation ahead is so worrisome

US President Joe Biden, right, at the Milton J Rubenstein Museum of Science and Technology in Syracuse, New York, US, on April 25, 2024. The US plans to award Micron Technology Inc as much as US$13.6 billion in grants and loans to help the memory-chip maker build new American factories.
WEALTH & INVESTING

In Jamie Dimon’s America, the stock market has already voted

Investors around the world value US equities more highly than ever before in what John Maynard Keynes might call the psychological referendum...