Global TradFi & Macroeconomics

Robin Brooks, former Goldman Sachs foreign exchange analyst, predicted the September Federal Open Market Committee (FOMC) meeting will disappoint markets and drive up long-term interest rates. Brooks stated the upcoming meeting will be a 'nightmare' for Federal Reserve Chair Kevin Wash. He

JP Morgan predicted on the 15th (local time) that the Federal Reserve would raise interest rates at the Federal Open Market Committee (FOMC) meeting starting that day, while forecasting that stock markets could rise up to 1% or fall as much as 2% depending on Fed Chair Kevin Wash's press

South Korea reduced its dependence on Middle Eastern crude oil to the 50% range during May-July, according to President Lee Jae-myung's announcement on the 16th, as geopolitical tensions in the Middle East drove international oil prices higher. Ministry of Trade, Industry and Energy data showed

According to Jin10, China's central bank Governor Pan Gungsheng published a signed article in Qiushi magazine on September 16, stating that slower financial total growth will help maintain macroeconomic leverage ratios at stable levels. Pan noted that China's macro leverage ratio has risen rapidly i

According to South Korea's ruling Democratic Party lawmaker Kim Jae-seop, corporate loans extended by banks reached approximately 1.971 quadrillion Korean won in the first half of 2026, up 22% from 1.611 quadrillion won in 2022. Over the same period, non-performing loans (NPL) nearly doubled from 8.

According to JPMorgan via CNBC, on September 15, the investment bank predicted the S&P 500 could rise as much as 1% or fall as much as 2% depending on Federal Reserve Chair Kevin Powell's remarks following the Fed's interest rate decision. JPMorgan outlined five scenarios for market reaction,

According to PANews, Michael Burry criticized AI financing cycles and asset market bubbles today for accelerating wealth concentration, stating the financial system is engineered to complete arbitrage by transferring wealth to a small number of people. Burry, who famously shorted the 2008 housing cr

According to South Korean government statistics released on September 16, the country's crude oil import dependency on the Middle East dropped to 60.31% in July 2026, down 9.23 percentage points from 69.54% a year earlier. Non-Middle Eastern crude oil imports surged to 51.5% of total volumes

On September 16, People's Bank of China Governor Pan Gongsheng published an article in Qiushi Magazine outlining a shift in monetary policy framework. The central bank will de-emphasize quantity targets, particularly single-channel loan metrics, treating financial aggregates as observational and

Bitcoin (BTC) weakened further, trading at around $75,900 on September 16. The CLARITY Act failed to pass a vote in the U.S. Senate, with its probability of passing this year falling to the single digits. Veteran U.S. Crypto lawyer Jake Chervinsky said, “Bad legislation is worse than no legislation.” Kazakhstan announced that it would establish a national Crypto analysis center. Macro Events & Crypto Highlights The U.S. Senate held a procedural cloture vote on the CLARITY Act. The vote required

According to an article by PBC Governor Pan Gongsheng published in Qiushi on September 16, simply using credit growth to gauge the strength of financial support to the real economy is no longer appropriate. The article noted that tech companies at different development stages have varying

According to Jinlian Create, on September 16, China's refined oil market showed a change rate of 10.94%, with benchmark crude at $104.39 per barrel. Gasoline and diesel are expected to rise 635 yuan per ton, with the pricing adjustment window on September 24 at 24:00.

At 09:30 Beijing time on September 16, New York gold futures fell 0.07%, while New York silver futures rose 0.27% and copper futures gained 0.23%.

According to Barron's Weekly, Tesla CEO Elon Musk confirmed on September 15 that the company's new Roadster will debut on October 1. Musk said the vehicle will be "so cool that it will be hard to believe early footage is not AI-generated" and promised it will be exciting. Musk made the comments

According to Odaily, at the U.S. market close on September 16, the Dow Jones fell 0.63%, the S&P 500 dropped 0.45%, and the Nasdaq declined 0.78%, while the VIX fear index rose 0.58%. AI-related stocks declined broadly, with SoundHound AI

According to Cointelegraph, 19 of 22 major Wall Street institutions predict the Federal Reserve will raise rates by 50 basis points in September, with the majority expecting a 0.5% increase. Goldman Sachs forecasts a 25 basis point hike, while Bank of America, Deutsche Bank, and RBC expect a 75 bas

According to Choice data, as of September 15, 2026, Hong Kong's IPO market saw 108 new listings raise 364.2 billion Hong Kong dollars this year, up 161% year-over-year. Among these, 34 mainland Chinese-listed companies completed secondary listings on the Hong Kong Exchange, collectively raising over

The Korean FX swap market exhibited a positive basis starting in late June, marking a significant shift from the negative basis that had prevailed during the USD/KRW exchange rate's prolonged rise to near 1,550 KRW. The positive basis — where the implied KRW interest rate in FX swaps exceeds the

The USD/KRW FX swap market exhibited positive basis levels in late June, signaling a shift in currency liquidity dynamics. One-month FX swaps traded at positive levels when the one-month interest rate differential between KRW and USD stood at 1%, indicating basis exceeded 1%. This phenomenon

According to the People's Bank of China, on September 16, the central bank conducted 110 billion yuan in 7-day reverse repo operations at fixed rates through quantity-based bidding, fully meeting demand from primary dealers. Additionally, 600 billion yuan in overnight reverse repos were conducted.