Member News

Bannockburn Capital Markets | September 2025 Monthly

The Federal Reserve is poised to resume its rate cutting cycle in September. Markets briefly flirted with the idea of a 50-basis point move, but sticky core inflation, a larger-than-expected jump in producer prices, and firm retail sales have settled expectations at a quarter-point cut. The Fed continues to describe policy as restrictive, so this move will not be framed as easing but as removing a touch of that restrictiveness. Most G10 central banks and many emerging-market peers have already...

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Member News

ACG Resources | The Importance Of Staying Focused At The Office

By this point in human history the science is undeniable: multitasking is not your friend. Employees should do it to whatever degree they are required but beyond that they should not seek out multitasking because the facts show it kills productivity. The average desk job employee loses 2.1 hours a day to distractions and interruptions; that adds up to over a full day of work every week. Being distracted by incoming calls or emails can lower employees’ IQ by...

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Chapter News

ECB | Building European autonomy: cooperation and the rule of law

Dinner speech by Christine Lagarde, President of the ECB, at 2025 ECB Legal Conference “Building Europe’s Autonomy: Law, Institutions, Cooperation” in Frankfurt, Germany Frankfurt, 1 September 2025 It is a real pleasure to join you tonight at the 2025 ECB Legal Conference. This year’s theme raises one of the defining questions of our time: how can Europe advance its autonomy while remaining committed to multilateral cooperation and the rule of law? Throughout the day you have been discussing the many ways in which...

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Member News

Jaguar Freight | Tariff Update: Judge Rules Against Tariffs, But Duties Remain In Place

IMPORTANT TARIFF UPDATE A federal appeals court has ruled that President Donald Trump exceeded his authority when imposing specific tariffs earlier this year. The decision struck down the so-called “Liberation Day” duties but left them in effect until at least mid-October while the case moves to the Supreme Court. At issue are tariffs announced on April 2 that applied a baseline 10 percent duty on most imports and additional rates as high as 50 percent on goods from countries with trade...

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Chapter News

The Fed | Federal Reserve Board announces final individual capital requirements for large banks, effective on October 1

Following its stress test earlier this year, the Federal Reserve Board on Friday announced final individual capital requirements for large banks, effective on October 1. Large bank capital requirements are informed by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. In April, the Board proposed a rule to average stress test results over two consecutive years to reduce year-over-year volatility from the stress test when calculating a firm's capital requirement. If the Board...

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Chapter News

World Bank | Protecting Nature Boosts Growth and Jobs, Shows New Report

Safeguarding natural resources generates high returns in some sectors. WASHINGTON, September 1, 2025—Ninety percent of the world lives with either degraded land, unhealthy air, or water stress, according to a new World Bank report, however, restoring natural systems is possible and can yield high returns. In low-income countries alone, eight of out ten people live without all three – healthy air, water, and land – according to the report, Reboot Development: The Economics of a Livable Planet. This poses major constraints to...

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Chapter News

ECB | Economic uncertainty weakens monetary policy transmission

By Andrea Falconio and Julian Schumacher Economic uncertainty has been elevated recently due to geopolitical conflicts and trade tensions. This blog post investigates whether, and how much, high economic uncertainty affects monetary policy transmission in the euro area. Changes in interest rates make it cheaper or more expensive for businesses to get a loan or and for households to get a mortgage. But when the economic future is uncertain, businesses and households are less likely to invest in big, long-term plans...

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Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – The new 50% tariff on Indian exports, rerouted ships, the Suez Canal continues to suffer, suspended U.S.-bound mail, and the digital revolution in maritime.

As of the 27th, President Trump imposed a 50% tariff on Indian exports. This is double the previous rate and is in retaliation for their continued purchase of Russian oil, making it one of the highest tariffs in the trade war. It’s put significant strain on U.S.-India relations, which have historically been seen as crucial to balancing China’s influence, and threatens about half of India’s exports to its largest market. Prime Minister Modi has vowed to protect Indian farmers and...

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Member News, Trade & TTIP Related

GDLSK | U.S. Court of Appeals for the Federal Circuit Rules Majority of President Trump’s Tariffs Illegal

In a split decision, 7 – 4, the Court of Appeals for the Federal Circuit (“CAFC”) affirmed the Court of International Trade’s (“CIT”) decision holding that President Trump’s IEEPA duties are contrary to law. This decision is limited to IEEPA Reciprocal Tariffs and IEEPA Fentanyl Tariffs (currently applicable on goods from China, Mexico and Canada) and does not invalidate the Section 232 tariffs on steel/aluminum/copper and derivatives and automotive products. While the CAFC held that IEEPA tariffs are contrary to law,...

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Member News

Thompson Hine | White House Releases Sweeping AI Action Plan

On July 23, the White House published “Winning the AI Race: America’s AI Action Plan,” a 28-page comprehensive federal strategy aimed at securing global leadership in artificial intelligence (AI). Developed in response to President Trump’s January 2025 executive order, “Removing Barriers to American Leadership in Artificial Intelligence,” the plan recommends policy actions across three pillars: accelerating AI innovation, building robust AI infrastructure, and leading in international AI diplomacy and security. The agenda emphasizes deregulation, open-source AI, workforce development, infrastructure modernization, and...

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