In its 2026 Annual Economic Report, released at its Basel annual meeting, the BIS warns that the AI boom has become a major, debt-financed driver of US growth whose reversal could hurt the whole economy. It also flags a new fiscal-financial stability nexus around record public debt. For Luxembourg, the world's second-largest fund domicile, the warning lands close to home.
Alan Greenspan, who chaired the US Federal Reserve from 1987 to 2006 and was celebrated as 'the maestro' before the 2008 financial crisis darkened his legacy, has died at 100 from complications of Parkinson's disease.
On 29 April 2026, an unusually divided FOMC kept the benchmark rate steady, citing CPI back up to 3.3% in March. Markets price in no further moves this year, even as the median dot still shows one quarter-point cut in 2026.
Argentina's new monetary framework, launched on 2 January 2026, expands the peso's FX trading band by the inflation rate from two months earlier. Annual inflation is down to 31.8% — the lowest in over seven years.