Central banks may keep interest rates higher for longer than currently priced; given investors’ benign inflation outlook and growing expectations for a soft landing, this could increase financial stability risks and weigh on growth Overall inflation has moderated meaningfully in recent months in the United States and euro area, as …

Wagner Begins Training the Belarusian Military’s Elite Units Open-source intelligence this week revealed that the Wagner Private Military Company has begun training elite units of the Belarusian Armed Forces in Belarus. Yevgeny Prigozhin’s fighters are now training the 38th Air Assault Brigade, which falls under the Belarusian Special Operations Command, …

In the 2010s, the global landscape changed. The Arab Spring, the Russian occupation of Crimea, and China’s national security law in Hong Kong were indicative of a profound change in the global system. The era of the unipolar moment, when the United States was the world’s sole dominant power, has …