Bond Skeptics See Little Need for Fed Cuts in 2026
Original Report
Invesco, Carmignac say the economy is too strong to justify two interest-rate cuts.
Glass House Analysis
Central bank policy decisions made in boardrooms cascade through the economy in ways that touch everyone. A quarter-point rate change might seem abstract, but it determines whether young families can afford homes, whether businesses can afford to hire, and whether retirees see meaningful returns on their savings. The tension between fighting inflation and maintaining employment represents a fundamental tradeoff in economic policy—one that invariably creates winners and losers.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
This is the biggest weakness in most people’s budgets. Here’s how to fix it.
“Most people don’t blow up their budget because they’re careless,” one financial planner said. It happens because they neglect this critical detail.
This is the sobering way most Americans plan to use their tax refunds this year
Tax refunds are projected to be larger this year, on average — and Americans are thinking hard about how to spend them.
United Airlines’ best loyalty perks will soon be reserved for its cardholders. Is the card worth it?
Frequent flyers who hold a United Airlines co-branded credit or debit card can soon earn up to twice as many miles as noncardholders, effectively rewarding the airline’s biggest spenders.
Meta and Apple face serious questions about child safety and privacy
Privacy and encryption are central themes in legal proceedings involving child safety against Meta and Apple this week.