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The Fed's Punch Bowl Problem: When Does It Act to Cool Markets?

The phrase "taking away the punch bowl" has long been associated with the Federal Reserve's responsibility to prevent financial excesses from becoming destabilising. The concept reflects the challenge of tightening financial conditions before speculative behaviour creates broader economic risks.

Nitish Kishor | 11 June 2026

The Unlikely Corporate Winners of AI, Beyond Nvidia and the Hyperscalers

Heavy-equipment manufacturers have used AI to enhance predictive maintenance, equipment monitoring and production planning. Advanced analytics allow operators to reduce downtime and improve utilisation rates, creating efficiency gains across industrial supply chains.

Nitish Kishor | 11 June 2026

Trump Relaunches Tariff War After Court Reversal, Reviving Debate Over Consumer Costs

The administration's decision to pursue renewed tariff measures follows a court ruling that questioned the legal basis for portions of previous trade actions. In response, officials introduced alternative mechanisms aimed at preserving trade restrictions on a range of imported goods.

Nitish Kishor | 11 June 2026

The Fed's Global Role Is Being Rethought, and Not Just in Washington

The Federal Reserve's statutory mandate focuses on maximum employment, stable prices and moderate long-term interest rates within the United States. Yet the central bank's influence extends far beyond national borders because the dollar remains the dominant reserve currency and the primary medium for international …

Nitish Kishor | 11 June 2026

Nasdaq Pulls Back From 2026 Highs as High-Flyers Retreat, Rotation Trade Gains Momentum

The selloff was most pronounced among momentum-driven technology shares that had benefited from enthusiasm surrounding artificial intelligence infrastructure spending. Several chipmakers and related suppliers experienced declines significantly larger than the broader market, reflecting profit-taking after a prolonged rally.

Nitish Kishor | 11 June 2026