Chair Kevin Warsh eschewed providing forecasts for the Fed’s June macro projections, and the Fed has dramatically reduced the length of its monetary policy statements since his arrival

There remains a very real risk the ECB could be embarking on a flawed policy path if additional inflationary pressures do not materialise and the economy weakens further in the face of tighter monetary policy

The direction of travel for interest rates will be in a large part determined by developments in the Middle East conflict

Markets jolted by fresh strikes but the overall impact has been muted compared to the early days of the war in March

Ireland's economy is increasingly reliant on a small number of US companies

Economic growth is moribund, public debt set to rise, and inflation is consistently above target

While ECB cut rates two weeks ago, US and UK policymakers were able to take progress on US-Iran deal into account

The ECB was burned by being late to react after Russia's invasion of Ukraine in 2022, but the peace deal in the Middle East raises the risk that this time it made an error of hiking rates too soon

Overall, as has been the case for a number of years, the continued surge in tax revenues is more than compensating for spending growth

The dollar’s appeal during heightened uncertainty has interlinked with the energy price shock arising from the Middle East conflict