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Historical Market Context

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A small, curated library — context, not a daily archive. Each entry explains a major market episode the way we cover live news: what happened, what was known at the time (no hindsight certainty), the observed reaction where reliably sourced, and why the episode still shapes how today's stories read. Causal wording carries the same typed confidence labels as our morning briefs.

Events (13)

Newest event first.

Rate decisionc. Sep 17, 2025
The Fed's 2025 pattern: a long hold, then cuts resume

Through the first half of 2025 the Federal Reserve held policy steady, repeatedly citing uncertainty over how new tariffs would affect inflation. In the autumn of 2025 it judged labour-market cooling the greater risk and…

US–Chinac. May 12, 2025
US–China 2025: tit-for-tat escalation, then a truce

In spring 2025, US and Chinese tariffs on each other's goods escalated in rapid tit-for-tat rounds to triple-digit percentage levels that both sides acknowledged were close to a trade embargo. In May 2025, talks in Genev…

TariffsApr 2, 2025
April 2025: sweeping US tariffs and the sharpest selloff of the year

On 2 April 2025 the US administration announced sweeping "reciprocal" tariffs covering most trading partners, at rates far above prior expectations. Global equities fell hard over the following sessions, and roughly a we…

AI & semiconductorsJan 27, 2025
The DeepSeek shock: AI capex assumptions get repriced

On 27 January 2025, claims that Chinese startup DeepSeek had trained a competitive AI model at a fraction of assumed cost triggered a broad repricing of AI-infrastructure stocks. NVIDIA fell roughly 17% in one session — …

Rate cutDec 18, 2024
December 2024: the Fed cuts but signals a slower path

At its December 2024 meeting the Federal Reserve cut rates by a quarter point but paired the move with projections indicating fewer cuts in 2025 than markets had hoped, alongside language emphasising bumpier inflation pr…

Crypto regimec. Dec 5, 2024
Bitcoin trades above $100,000 for the first time

In early December 2024 bitcoin traded above $100,000 for the first time, a round-number milestone reached in the weeks after the US election amid expectations of a friendlier US regulatory stance and continued ETF inflow…

KoreaDec 3, 2024
Korea's martial-law night: a political shock hits the won and KOSPI

Late on 3 December 2024, South Korea's president declared martial law — the first such declaration in decades. The National Assembly voted to reject it within hours and the declaration was lifted the same night, but the …

Rate cutSep 18, 2024
The Fed's first rate cut of the cycle (September 2024)

On 18 September 2024 the Federal Reserve delivered its first rate cut since 2020, opting for a larger half-point move that took the federal funds target range to 4.75–5.00% and formally opened the easing cycle after the …

CPIAug 14, 2024
US inflation falls below 3% for the first time since 2021

The CPI report released on 14 August 2024 showed US year-over-year headline inflation below 3% for the first time since 2021, marking a milestone in the disinflation from the 2022 peak above 9%.

Equity market regimeAug 5, 2024
The yen-carry unwind: August 2024's global volatility shock

On 5 August 2024, Japan's Nikkei 225 fell more than 12% in a single session — its worst one-day fall since 1987 — as leveraged positions funded in cheap yen were unwound at speed. Equity volatility spiked globally and US…

JapanMar 19, 2024
Bank of Japan ends negative interest rates

At its March 2024 meeting the Bank of Japan ended its negative interest rate policy — its first rate increase since 2007 — moving the policy rate to a target just above zero and formally exiting the yield-curve-control f…

AI & semiconductorsc. Feb 21, 2024
NVIDIA earnings become a market-wide event

Across 2024 and 2025, NVIDIA's quarterly results grew into scheduled market-wide events: its data-centre revenue became the most watched single proxy for AI infrastructure demand, and reactions to its reports regularly s…

Crypto regimeJan 10, 2024
US spot bitcoin ETFs approved: crypto's access regime shifts

On 10 January 2024 the US Securities and Exchange Commission approved the first spot bitcoin exchange-traded products for US listing, ending a decade of rejections and allowing bitcoin exposure through ordinary brokerage…

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