The 2025 U.S. Government Shutdown: Legitimacy at Stake — The Dollar, the Fed, and Global Credit Under Strain
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The 2025 U.S. Government Shutdown: Legitimacy at Stake — The Dollar, the Fed, and Global Credit Under Strain
Now this is the ongoing us dollar crisis
The 2025 U.S. Government Shutdown: Legitimacy at Stake — The Dollar, the Fed, and Global Credit Under Strain
Further reading
- FED RESEARCHWhy Are Bond Yields Falling While the Fed Is Hiking?Investors fled AI stocks into Treasuries and pulled real yields lower, while oil kept a December hike priced.
- FED RESEARCHHow to Trade Economic Data 02: Inflation, CPI, PPI and PCEThe Fed announces its next decision on October 28. September PCE, the inflation gauge the Fed targets, comes out on October 29.
- FED RESEARCHZMacro Weekly: September CPI and 5% 10-Year Treasury YieldHeadline CPI runs hot on gasoline; the 10-year’s 5.24% is a long-end problem a soft core print won’t fix.
- FED RESEARCHEquity Risk Premium Turns Negative as 10-Year Yield Hits 5.28%S&P 500 forward earnings yield (5.26%) now trails the 10-year Treasury (5.28%) because rates rose faster than earnings estimates.
- FED RESEARCHWhy Is Gold Falling? The Iran War, the Fed Hike and the Real-Yield Math Behind Gold's 2026 SelloffGold is falling because the Iran war's oil shock pushed the Fed into hiking and lifted the US 10-year real yield to 2.90%, its highest level since 2008.
- FED RESEARCHTrump's 5% Treasury Yield Problem: What BofA's US‑China Stock‑Bond Chart Really ShowsChina's near-record-low 10-year yield came with two decades of equity underperformance and capital controls that Chinese savers are already working around by buying US tech.