The Rate Rebellion: Fed Dissenters, Japan's $59B Yen Rescue, and a Dollar Under Siege

A historic week of central bank coordination and rebellion has sent shockwaves through global currency and bond markets. Three major central banks — the Fed, BoJ, and BoE — all held rates steady, but their hawkish rhetoric and Japan's massive $58.97 billion yen intervention signal that the era of easy money is under threat from persistent inflation and supply-driven price shocks.

Trade Routes

• United States: Fed Chairman Kevin Warsh faced a rare **three-way...