That’s Offshore Banking (Deep Dive Below): "The World" stands as the epitome of maritime luxury real estate, a floating haven for the ultra-wealthy. This residential yacht offers 165 exclusive residences, blending the allure of high seas adventure with the comforts of upscale living. Not just a mode of travel, but a statement of wealth and lifestyle, it represents a unique market niche in the real estate world, where residents navigate the globe in unparalleled luxury. This vessel's intrigue isn't just in its amenities but in the stories and secrets it harbors, making it a fascinating subject in the world of elite real estate​​. (CNN)

Disinflation: The February Consumer Price Index (CPI) rose 0.4% month over month and 3.2% year over year, slightly above the expected 3.1%. The core CPI reading, excluding volatile food and energy prices, was 3.8%, above the Federal Reserve's 2% target. The CPI sub-index for shelter and the index for gasoline, which account for over 60% of the overall CPI's monthly increase, also rose. The Federal Reserve is unlikely to cut rates before the latter part of the year. The shelter index has increased by 5.7% over the past year, impacting housing affordability and mortgage rates. Energy prices, however, have decreased over the year. (Axios)

Rate Cut: Despite that, Federal Reserve Chair Jerome Powell has stated that the US central bank is close to having the confidence to begin cutting interest rates, due to falling inflation. Powell believes that the current monetary policy is in the right place and that the bank is waiting to be more confident that inflation is sustainably moving down to 2%. The most recent data showed headline inflation at 2.4%, with underlying inflation at 2.8%, both of which have been decreasing since mid-last year. Investors are expecting an initial Fed rate cut in June, with the current policy rate of interest held at a more than 20-year high of between 5.25% and 5.5%. The central bank will meet next on March 19-20. (Reuters)

Imagine spending millions to live on a ship that's constantly moving. It's the perfect solution for those who looked at their wealth and said, 'You know what this money needs? Seasic‘

It's like if 'Lifestyles of the Rich and Famous' had a baby with 'Pirates of the Caribbean,' but instead of Jack Sparrow, you get Jack the hedge fund manager, who's really into offshore banking. Let’s go!