Federal Reserve Gov. Lisa Cook said the U.S. central bank must take a cautious approach to cutting interest rates to allow more time for inflation to slow down in some segments of the economy. Fed policymakers left rates unchanged at their meeting last week at a two-decade high, and maintained their forecast for three rate
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Early in the Gaza conflict, a TikTok video of John Kirby went viral. In the first frames, the White House spokesman is composed as he describes civilian casualties in Gaza as part of the “brutal,
Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China. China News Service | China News Service | Getty Images China has two choices right now: return to its old economic policies, or choose reforms to spur
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Four suspects in the largest attack on Russian soil in more than a decade were due to appear in a Moscow court on Sunday as the country held a day of mourning over the assault
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s economy is at a “fork in the road” between choosing between past policies or “pro-market reforms” to unlock growth, IMF managing director Kristalina Georgieva said on Sunday, as calls grow for Beijing to do
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russian security services have detained 11 people in connection with an attack on a Moscow theatre that killed 93 people. The FSB security service said on Saturday it was holding 11 people, including four men
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The Kremlin has admitted that Russia is in a “state of war” amid a push to increase domestic support for President Vladimir Putin’s invasion of Ukraine after previously calling it a “special military operation”.
The state of Washington is the second large issuer to face pushback from investors as it heads to market with a deal to refund Build America Bonds using extraordinary call provisions. Wells Fargo Securities, leading a seven-bank syndicate, plans Tuesday to price $1.08 billion of Washington state motor fuel tax and vehicle related fees refunding
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A US resolution calling for an immediate ceasefire in Israel’s war in Gaza was vetoed by Russia and China in the UN Security Council on Friday. The US proposal was the clearest signal to date
Utah Gov. Spencer Cox said Thursday he will sign by the end of the day a bill that has been flagged by the Intermountain Power Agency (IPA) as posing risks to its bond-financed transition from coal to cleaner fuels. The legislation aims to keep the state’s largest coal-fired power plant located near Delta, Utah, in
The Kentucky State Property and Buildings Commission has $649 million of bonds on the calendar next month in a deal that will refund all of its outstanding Build America bonds, provide new money for capital projects and include a tender offer. Separately, the Kentucky Housing Corp. and the Kentucky Infrastructure Authority are seeking firms to provide
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey’s central bank surprised economists and investors on Thursday with a big rate rise as policymakers seek to cool runaway inflation and halt an accelerating capital flight among local savers. The central bank increased its
Hinterhaus Productions | Digitalvision | Getty Images Inflation in the U.S. has hit a speed bump. While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%. Core inflation — which
The Securities and Exchange Commission to is under fire from lawmakers and the financial industry regarding the volume and scope of regulations raining down from the regulator under the leadership of Chairman Gary Gensler. “Chair Gensler’s frenetic partisan rulemaking agenda at the SEC has threatened the health of U.S. capital markets and highlights the need
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US Federal Reserve officials indicated on Wednesday that they still expected to cut interest rates by 75 basis points this year, a sign of confidence that inflation is cooling sufficiently to reduce borrowing costs. The
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. The UK’s inflation rate fell sharply in February, bolstering arguments for the Bank of England to start cutting interest rates this year as it makes headway in bringing price growth under control. The consumer prices
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Westend61 | Westend61 | Getty Images While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found. If home prices increased at the same rate as inflation since 1963, the median price of a
Borse Dubai is selling just under a third of its long-held stake in Nasdaq, the US exchange operator and financial technology provider. The sale of 27mn shares will leave the Middle Eastern exchange with a 10.8 per cent stake, making it Nasdaq’s second-largest investor. Thoma Bravo, the private equity firm, has a 12.5 per cent
Former U.S. President Donald Trump holds up a news story about New York Attorney General Letitia James as he speaks to the media at one of his properties at 40 Wall Street following closing arguments at his civil fraud trial on January 11, 2024 in New York City. Spencer Platt | Getty Images Donald Trump
The California Senate introduced a plan that would shrink the state’s deficit, but still leave a sizable gap. Calling it an early stab at the shortfall, Sen. Leader Mike McGuire, D-North Coast, and Senate Budget & Fiscal Review Committee Chair Scott Wiener, D-San Francisco unveiled a plan last week that cuts $17 billion through program
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