Macro Picture

Trump’s $1 Trillion Defense Budget

US Tariffs: Raising Revenues but Burdening the Economy and Households

Trump’s Tariffs Hit Canada: Growth, Jobs, and Inflation in the Crossfire

Tariff Shock: How Trump’s 39% Duty on Swiss Exports Threatens Manufacturing, Banking, and Growth

Dollar in Retreat, Euro on the Rise: Tariffs, Stablecoins, De-Dollarization, and the ECB’s Dilemma

Rethinking Capital Inflows: The Case for Policy Tools in the US Context