BOE Rate Cuts on Hold: Markets Abandon Bets on Further Easing in 2025

The massive issuance of Treasury bills is rapidly draining excess cash from the financial system, creating potential liquidity challenges for the U.S. Treasury. With over $1 trillion in T-bills expected to flood the market over the next 18 months following the debt ceiling increase to $41.1 trillion, the Federal Reserve’s overnight reverse repo facility (RRP) has plummeted from over $2 trillion in mid-2023 to just $182 billion recently. Money market funds, holding a record $7.4 trillion in assets, are eagerly absorbing the new T-bill supply by reallocating from repos and the Fed’s RRP facility. However, this dramatic shift raises concerns

With the US Dollar Index down approximately 8% in 2025, investors are finding significant opportunities to profit from dollar weakness. Key strategies include investing in foreign currencies through ETFs like the Euro Trust (FXE) and Japanese Yen Trust (FXY), commodities that typically rise when the dollar falls, international equities, and gold. The dollar’s decline has been driven by expectations of Fed rate cuts, policy uncertainty under the Trump administration, and global capital reallocation away from US assets. Financial experts recommend diversifying portfolios with at least 50% of equities outside the US, including emerging markets, while maintaining a 5-10% allocation to

Uganda has launched its first large-scale gold mine, the $250 million Chinese-owned Wagagai Gold Mining Project in Busia District, marking a significant shift in the country’s mining strategy. The facility will process 5,000 tons of ore daily and produce approximately 1.2 metric tons of refined gold annually at 99.9% purity. President Museveni emphasized this represents a move away from exporting unprocessed minerals, which has historically denied Uganda significant revenue. The project is expected to generate over $100 million annually for the next 21 years and create more than 3,000 direct jobs. Uganda earned $3.4 billion from gold exports in 2023

The Federal Reserve’s annual Jackson Hole Economic Symposium is set to begin Thursday evening, August 21-23, 2025, at a pivotal moment for global monetary policy. Fed Chair Jerome Powell is expected to unveil the central bank’s new policy framework in his Friday speech, outlining the strategy for achieving inflation and employment goals. Markets are watching closely for hints about the Fed’s September meeting, as officials remain divided on when to resume rate cuts amid persistent inflation concerns and labor market slowdown signs. The symposium’s theme, “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy,” reflects current economic challenges facing policymakers