The U.S. dollar has surged in recent months, gaining more than 6% relative to the currencies of other major trading partners since mid-July. The rally has reversed the dollar’s decline from the start of the year and ran contrary to consensus expectations. Figure 1: The dollar has risen in recent months. Chart shows the Bloomberg Dollar Spot […]

As expected, and with unanimity, the Federal Open Market Committee (FOMC) opted to keep rates steady, with the fed funds rate remaining in a range of 5.25 – 5.5%, a 22-year high. In a nod to the recent surge in longer-term Treasury yields, the statement had the addition of the word “financial” in the statement […]

Key Takeaways As U.S. EV sales hit a quarterly record, reports say Tesla’s price cuts aren’t protecting its domestic market share—investors will want to hear more  As UAW strikes spread, EV vehicle and battery production talks are sharing equal spotlight with pay and benefits—what that could mean for all EV pricing  How ‘instant’ EV tax […]