Markets, capital, and the discipline of patient investing.
RFC Capital Research publishes the independent analysis of Ruslan Averin — an investor focused on public markets, sovereign and corporate fixed income, cross-border real estate, and capital allocation across emerging and frontier markets.
No institutional mandate, no house view to defend — a working record of how one investor thinks about risk, value, and the markets most analysts avoid.
Warsh's First Hike: FOMC Moves to 3.75–4.00% as the Dots Jump to 4.1%
Fed rate hike to 3.75–4.00% on 16 September 2026: unanimous 12–0 vote, dot plot at 4.1%, 10-year at 5.00%, plus stock, gold and mortgage reaction.
Real EstateKyiv's $68,500 Ask, $55,500 Sale: The Gap That Now Runs the Market
Kyiv one-room flat prices, September 2026: $68,500 asking median against $55,500 sold, district table, new builds at 58,386 UAH and the dollar at 45.
MarketsLennar's Q3 2026: Volume Held, Orders Broke, and Deliveries Guidance Cut Again
Lennar Q3 2026 results: EPS $1.19, gross margin 15.8%, orders down 9.2%, full-year deliveries cut to 80,000–81,000 as mortgage rates pass 7.00%.
MarketsUkraine's 16% Key Rate: Savings Become the Hryvnia's Main Line of Defence
NBU key rate at 16% from 18 September 2026: UIRD at 13.99%, one-year OVDP at 15.17%, market mortgages 16.99–23%, єОселя untouched at 3% and 7%.
MarketsWarsh's First Real Test: Why the 10-Year, Not the Funds Rate, Decides 16 September
Fed decision 16 September 2026: a quarter-point hike to 3.75–4.00% is 91 to 93% priced, the 10-year sits near 5%, and three scenarios split the long end.
Real EstateKyiv Rent Falls to UAH 18,000 in September 2026 as Uzhhorod and Lviv Jump 33%
Kyiv rent September 2026: one-room median UAH 18,000, down 2.7% on the month, while Uzhhorod and Lviv rise 33% in dollars. Yields, taxes and єОселя math.