Funds sell dollar, reserve erodes
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Fund managers took their most bearish stance on the dollar in a decade, while economists and bankers warned the currency's reserve status was eroding amid payment-system and policy concerns.
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Though the Fed thinks it has its foot on the economy’s brake pedal, it is actually hitting the gas. Even if the central bank keeps the policy rate at its current level, it may need to raise rates in the second half of this year.
My FT column: www.ft.com/content/2422... #econsky
My FT column: www.ft.com/content/2422... #econsky
Everything you thought about the US labour market is wrong
The conventional view has struggled to contend with robust economic growth
www.ft.com
February 16, 2026 at 6:26 PM
Though the Fed thinks it has its foot on the economy’s brake pedal, it is actually hitting the gas. Even if the central bank keeps the policy rate at its current level, it may need to raise rates in the second half of this year.
My FT column: www.ft.com/content/2422... #econsky
My FT column: www.ft.com/content/2422... #econsky
Reposted by Juliet Johnson
Really excellent piece from @rajakorman.bsky.social, highlighting that the core barrier to the RMB rivaling the euro & the dollar as a major global reserve currency is that China's domestic financial markets are not remotely developed or globally integrated to the point that this is feasible.
February 16, 2026 at 5:40 AM
Really excellent piece from @rajakorman.bsky.social, highlighting that the core barrier to the RMB rivaling the euro & the dollar as a major global reserve currency is that China's domestic financial markets are not remotely developed or globally integrated to the point that this is feasible.