A hawkish turn in monetary policy across the board is the theme that has emerged from the September central bank meetings.

The energy crisis has resurfaced investor fears around inflation while questions regarding fiscal sustainability remain

Small number of very large multinationals driving economic prosperity which highlights the growing interdependency of Ireland with the US economy

In a highly unusual step, the US Treasury announced it would at least double its buyback operations for longer-dated Treasury bonds, a move which saw Treasury yields fall  about 10bps

While Germany continues to flatline, recent UK data suggest the economy there has been more resilient than expected in 2026

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