Monetary policy, central banking, and financial markets by Joseph Wang
Plunging oil gives Fed room to overlook energy inflation, Joseph Wang notes
Joseph Wang, macro analyst / blogger at Fed Guy, suggests that declining oil prices could provide the Federal Reserve with the opportunity to look beyond inflation driven by energy. He implies ...
Joseph Wang: Global yields surge as markets react on May 16, 2026
Joseph Wang, macro analyst and blogger at Fed Guy, highlights a surge in global yields in his Markets Weekly update for May 16, 2026. He also discusses key lessons drawn from changes in farm ...
Semis rally as lower K weakens, Joseph Wang notes
Joseph Wang, macro analyst and blogger at Fed Guy, provides a weekly markets update for May 9, 2026. Key points include the weakening of lower K, a surge in semiconductor stocks, and the release ...
Joseph Wang: Treasury may invest excess TGA cash in repo markets
Joseph Wang, macro analyst / blogger at Fed Guy, observes that the Treasury is considering investing excess Treasury General Account (TGA) cash into repurchase agreement (repo) markets. Wang ...
John Williams forecasts 2 percent inflation in 2024, Joseph Wang notes
Joseph Wang, macro analyst and blogger at Fed Guy, highlights a recent comment from John Williams concerning inflation. Wang points out that Williams expects inflation to go back down to 2 percent ...
Joseph Wang: Warsh frames U.S. Fed independence as autonomy in interest rate policy
Joseph Wang highlights that Warsh’s opening statement conceptualizes Federal Reserve independence as autonomy specifically in setting interest rate policy. Wang also notes that this ...
Higher inflation and lower sentiment impact markets, Joseph Wang notes
Markets are experiencing higher inflation and lower sentiment, according to Joseph Wang in his weekly commentary dated April 11, 2026. He also mentions that challenging peace talks are ...
Joseph Wang: Markets face trouble amid Iranian victory and multipolarity outlook
Joseph Wang outlines a negative outlook for financial markets in his Markets Weekly report dated March 28, 2026. The summary highlights trouble in markets, references an Iranian victory, and ...
Gold and equities show separate moves, Joseph Wang observes
Gold and equities are no longer moving in tandem, according to Joseph Wang. He remarks that the two asset classes had tracked each other closely during the past several sessions but are now ...
Joseph Wang: Fed Day discussion to cover oil shock and central bank policy
Joseph Wang announced that he will discuss the oil shock and Federal Reserve policy today at 2:00 p.m. with another expert. The conversation comes as markets focus on central bank actions and ...
Global recession risk and private credit panic emerge, Joseph Wang notes
Global recession concerns and a panic in private credit markets are highlighted in a summary from Joseph Wang. The comment was published as part of a Markets Weekly note dated March 14, 2026. ...
Joseph Wang: Rising JGB yields signal policy expectations
Joseph Wang highlights a potential crack-up boom in Japan's economy. He explains that in a fiat regime, a bond crisis is unlikely, and the rising yields on Japanese Government Bonds (JGB) are ...
Joseph Wang: Powell denies rise in foreign hedging on dollar assets amid positive FX swap basis
Federal Reserve Chair Jerome Powell has denied that there is a significant increase in foreign investor hedging in U.S. dollar assets, according to a tweet by Joseph Wang. This aligns with current ...
Joseph Wang foresees Warsh Fed prioritizing lower rate path
Joseph Wang expresses insights on the Federal Reserve's potential strategic shifts. He predicts that a Warsh-led Fed may prioritize trading lower asset prices for a more favorable rate path. ...
