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  1. Market Update

    Consumer confidence drops to 92.9 as market uncertainty grows

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    Last week was another choppy week for markets as data again pointed to a slowing consumer and sticky inflation. U.S. trade policy continues to drive uncertainty, and the announcement of 25% tariffs on imported cars, trucks, and auto parts added to worries. Yields remained largely range-bound as...
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  2. Market Update

    Turn to Chatham: Enhancing M&A outcomes with independent hedge counterparties

    • Interest Rate Risk Management
    In our Turn to Chatham video series, Jackie Bowie provides exclusive insights into market developments shaping the U.K. and Europe.
  3. Market Update

    Fed holds rates, markets await policy clarity

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    Last week was another choppy week as investors continued to worry about higher inflation and slowing growth. The Fed’s projections did not assuage those concerns, as officials lowered their GDP forecast while raising their projections for core inflation. However, Chair Powell emphasized that they...
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  4. Market Update

    BoE holds rates while ECB cuts, both highlight concerns over rising economic uncertainty

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    • Fiscal & Monetary Policy
    The Bank of England (BoE) kept rates on hold as expected today, with policy makers voting 8-1 to leave rates at 4.50%. After cutting rates in February, the Bank’s statement repeated that it would take a “gradual and careful approach” toward future rate cuts. However, there was a more cautious...
  5. Market Update

    Fed leaves rates unchanged and maintains outlook for two rate cuts this year

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    • Fiscal & Monetary Policy
    On Wednesday, March 19, 2025, the Federal Open Market Committee (FOMC) voted to hold the fed funds rate at a target range of 4.25%-4.50%. The FOMC also decided to reduce the balance sheet runoff in Treasurys from $25B to $5B, with no change in agency Mortgage-Backed Securities (MBS). Chair Powell...
  6. Market Update

    In a volatile week, inflation cools, yields rise, equities retreat

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    • Fiscal & Monetary Policy
    It was another volatile week for markets. U.S. trade policy announcements, retractions, and retaliatory tariffs continue to dominate the headlines, creating market uncertainty. President Trump did not allay investor concerns as he failed to rule out a potential recession in the near-term. Several...
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  7. Article

    Hedging future fixed-rate debt

    • Interest Rate Risk Management
    Organizations can take advantage of the current rate environment to reassess their interest rate exposure. Locking in rates on future fixed-rate debt issuances can be particularly advantageous because of the heightened volatility in yields and substantial global uncertainty around geopolitics and...
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  8. Market Update

    U.S. trade deficit hits record $131B as markets grapple with policy shifts

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    • Fiscal & Monetary Policy
    Last week was a volatile week for markets as investors tried to make sense of the shifts in U.S. trade policy. Several mixed economic releases further fueled investor anxiety. The S&P 500 closed the week down 3.1%, while the 10-year U.S. Treasury yield closed at 4.3%.
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  9. Market Update

    Weaker consumer data and rising jobless claims push 10-year yield to 4.22%

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    • Fiscal & Monetary Policy
    Last week brought positive news on inflation, with the PCE index easing to 2.5% and the Core PCE index to 2.6%, both in line with expectations. However, signs of a slowing economy emerged, with weak housing data, an uptick in jobless claims, and weaker than expected consumer spending — resulting...
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  10. Market Update

    M&A: proactive risk management, hedging, and beyond

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    In our second episode of Expert Conversations: Beyond, Kern Roberts and Benoit Duhil de Benaze explore the challenges and opportunities in deal structuring and M&A activity. They highlight the importance of financial risk planning, discussing strategies such as pre-hedging, scenario analysis, and...
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