James Smith's Comment & Analysis
A complete archive of James Smith's articles, including current analysis & comment.
You may be familiar with the hit teatime game show Pointless. And it’s got me thinking. After a surprise rate cut from Sweden’s Riksbank and, as the Fed kicks off its own easing cycle,...
Have you been wondering what emoji best describes this week’s Fed meeting? James Smith is doing his best to win over Gen-Z again this week, as he looks back at a curious US interest rate...
The rain has arrived and nature is gearing up for winter. The birds are migrating, the squirrels are stockpiling, and London’s finance bros are back in their Patagonia gilets. So as the daylight...
Trade deals, tariff fireworks, data drama, this week has had it all. Here are four key takeaways from this whirlwind week – and what we’ll be watching as the story unfolds in the days to...
The UK jobs market is creaking, providing plenty of justification for a 25 basis point rate cut this month. But it’s a nuanced picture, which, set against sticky inflation data, suggests little...
Deadlines, deals, and delays: Is the 1 August tariff ultimatum really any different from what's come and gone before? Maybe not. But tariffs are still more likely to go up than down, argues James...
Central banks just love to cut rates in gradual, 25 basis-point chunks, don't they? Nobody knows why. And frankly, it doesn’t always make much sense, writes James Smith. Should the ECB cut rates next...
Are markets too confident in a September Fed rate cut? Yes. But are central banks too nervous about another inflation wave? Also, yes, argues James Smith. He’s got a bone to pick this week, as the...
UK markets are beginning to price in the possibility that a new Chancellor could change the fiscal rules and loosen Britain's purse strings, at a time when annual debt issuance is already perilously...
There are visible signs of disagreement at the Bank of England on the pace of rate cuts required this year. But with wage growth and inflation remaining sticky, we expect the Bank to keep rates on...