Jackson Hole Policy Path: Why the Fed’s Reaction Function Now Matters More Than the Next Rate Move
The Fed’s next signal is about its reaction function: how term premium, fiscal supply and long yields reshape equity risk before Jackson Hole.
Global Bond Yields Are Repricing the Cost of Capital—and Equity Valuations
Global bond yields are rising as sovereign issuance expands and central-bank demand retreats. The result is a higher market-clearing cost of capital that challenges equity valuations, credit and private investment.
