The State Street PriceStats US index rose a modest 0.07 percent in July on a non-seasonally adjusted basis — a rebound from June’s 0.18 percent dip.

Institutional investors remained in risk-on mode in July, though with less conviction, as the State Street Risk Appetite Index eased to 0.18 in July from 0.45 in June.

We explore how AI-driven productivity gains could influence inflation and interest rates – and why the path from innovation to disinflation is far from straightforward.

In our July edition, we examine tokenized money market funds, their role in collateral and liquidity management, and infrastructure shifts driving institutional adoption.

We uncover why equity market volatility has remained subdued despite historically elevated levels of policy uncertainty — a disconnect that has become increasingly pronounced since 2016.

Our analysis explores whether recent private credit stresses are isolated events or early warning signs of broader systemic risk.