Fed Hawkish Tilt and Trade Wars Rattle Global Markets

Fed Chair Kevin Warsh's hawkish speech at Jackson Hole has rewritten the script for global central banks, with markets now pricing a 60% chance of a September rate hike after he pledged to tame "elevated" inflation. Barclays has pivoted to forecast two Fed rate hikes, a dramatic shift from their previous call for a hold through year-end.

Bank of Canada Trapped in the Crossfire

The Bank of Canada meets Wednesday facing a dilemma: tariffs from the US are...