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    What happens when Fed credibility comes under pressure?
    What happens when Fed credibility comes under pressure?
    The latest Federal Open Market Committee (FOMC) meeting left a strange taste on investors' mouths. In our view, Chair Kevin Warsh failed to clarify the Federal Reserve’s (Fed's) reaction function and the central bank’s views on the current economic picture and relating to monetary policy.

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What happens when Fed credibility comes under pressure?
Aug 05 2026 TwentyFour Blog

What happens when Fed credibility comes under pressure?

The latest Federal Open Market Committee (FOMC) meeting left a strange taste on investors' mouths. In our view, Chair Kevin Warsh failed to clarify the Federal Reserve’s (Fed's) reaction function and the central bank’s views on the current economic picture and relating to monetary policy.
Read more
TwentyFour
Can Warsh get markets to play the ball, not the referee?
Jul 30 2026 TwentyFour Blog

Can Warsh get markets to play the ball, not the referee?

Federal Reserve (Fed) Chair Kevin Warsh hosted his second Federal Open Market Committee (FOMC) meeting this week, with most people, including ourselves, expecting a hawkish hold.
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TwentyFour
Data Centre Debt: Navigating shifts in sentiment
Jul 29 2026 TwentyFour Blog

Data centre debt: Navigating shifts in sentiment

Data centres are becoming increasingly important in credit markets, as accelerating artificial intelligence (AI) adoption and continued growth in demand for cloud solutions drive significant capital expenditure (capex) needs.
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TwentyFour
European Commission Communication: Recalibration rather than revolution
Jul 23 2026 TwentyFour Blog

European Commission Communication: Recalibration rather than revolution

The European Commission (EC) published a Communication last week on the competitiveness of the European Union (EU) banking sector and the single market in banking, setting out an agenda to reduce national fragmentation and simplify prudential, resolution and reporting requirements.
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TwentyFour
Softer US inflation eases rate hike pressure
Jul 15 2026 TwentyFour Blog

Softer US inflation eases rate hike pressure

US consumer price index (CPI) inflation eased more than expected in June, reducing the probability of a hike at the Federal Open Market Committee (FOMC) meeting later this month.
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TwentyFour
Can the bond market digest AI hyperscaler supply?
Jul 09 2026 TwentyFour Blog

Can the bond market digest AI hyperscaler supply?

Another week, another hyperscaler deal. Market participants have by now become accustomed to the steady flood of issuance from the large tech players as they look to build out their Artificial intelligence (AI) infrastructure to manage the ever-increasing demands for compute
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TwentyFour
Better times ahead? Assessing Germany’s new macro reforms
Jul 08 2026 TwentyFour Blog

Better times ahead? Assessing Germany’s new macro reforms

The German government has been quite an active and bold one since it took office some 15 months ago.
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TwentyFour
US banks: No stress here
Jun 30 2026 TwentyFour Blog

US banks: No stress here

Last week, the US Federal Reserve (Fed) published the results of its 2026 Dodd-Frank Act Stress Test, with all 32 large banks – including a few subsidiaries of European lenders – remaining above their minimum capital requirements under a severely adverse scenario.
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TwentyFour
SpaceX: Reading between the lines
Jun 24 2026 TwentyFour Blog

SpaceX: Reading between the lines

Elon Musk’s SpaceX has given markets a rare opportunity to test risk appetite across credit and equity in recent days, having followed its blockbuster initial public offering (IPO) with a bond market debut.
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TwentyFour
Are banks being deregulated?
Jun 22 2026 TwentyFour Blog

Are banks being deregulated?

Reading recent headlines in the financial press, in addition to recent proposals from both US and European regulators, you could be forgiven for thinking banks are undergoing a wave of deregulation.
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TwentyFour
Warsh’s debut eases independence concerns, but weakens the ‘Fed put’
Jun 18 2026 TwentyFour Blog

Warsh’s debut eases independence concerns, but weakens the ‘Fed put’

Wednesday’s Federal Reserve (Fed) press conference was one of the most eagerly awaited in a very long time. Kevin Warsh’s debut as chair, after three weeks in post, was not an easy one.
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TwentyFour
Global ABS: Eight takeaways from Barcelona
Jun 15 2026 TwentyFour Blog

Global ABS: Eight takeaways from Barcelona

Last week marked a milestone for the structured finance industry with a record 6,003 market participants gathered in Barcelona for the 30th Global Asset-Backed Securities (ABS) conference.
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