Fed vs forward guidance – Sound Economies with Mel & Peter, 30 July 2026

The US Federal Reserve is staying silent on the future path of interest rates under new chairman Kevin Warsh, and we see this raising market jitters. This, coupled with rising fears over inflation and public debt, has sent 30-year Treasury yields surging. This episode also dissects prospects for planned income tax cuts in the Philippines and the sudden resignation of Bank Indonesia’s governor.

Timestamp:

(00:00) – Episode rundown
(00:21) – Intro
(00:48) – Quick updates
(02:19) – Planned tax relief measures for Philippine households
(09:58) – Bank Indonesia’s governor steps down
(16:57) – US Fed’s communications gaps 
(18:58) – Warning signs from 30-year US Treasury yields 
(22:57) – Our global outlook
(25:34) – Lundgreen’s Invest – High-Tech Defence Fund secures quadruple exit
(26:04) – Lundgreen’s Capital – Next big step: IPO in 2 years

“Sound Economies with Mel & Peter” is a weekly podcast where our founding CEO Peter Lundgreen and Manila-based Chief Economist for Southeast Asia and China Mel Lopez discuss what’s happening in economies around the world and their views of the global financial markets.

Tune in to this episode on Spotify, YouTube, and wherever you listen to podcasts.