Powell: We need to stick to our mandate

US trade deficit hits $901B in 2025, imports surge despite tariffs. Watch for currency impacts.

Blue Owl halted withdrawals on its $1.6bn private-debt fund and sold $1.4bn of loans at 99.7% of par, planning a 30% NAV return in Q1. Shares fell ~10%. El-Erian asked if it’s a “canary-in-the-coalmine” for private credit.

MUFG says the dollar’s gains after stronger U.S. data and cautious Fed minutes may not last. Political uncertainty and concerns about Fed independence under Trump could keep sentiment fragile despite solid economic momentum.

BTC holds $67K as traders buy crash protection. Hedge funds pivot to cash, signaling caution.

Sudan's gold output hit $1.8B in 2024, but 75% of its mineral wealth remains unexplored. Investors sought amid war.

BofA bets $25B on private credit, boosting deal flow. Investors eye higher yields but rising rates pose risks.

JPM’s trading desk maps four market scenarios for a Supreme Court tariff ruling: 64% “struck down then replaced,” 26% upheld, 9% struck down after midterms, 1% struck down with no replacement—implying sharply different S&P 500 moves.