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...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...The market’s stubborn hopes of a first cut to US interest rates in March were finally crushed over the past week by strong economic data and firm messaging from Jay Powell, chair of the Federal Reserve....
...+1%) and signs of trouble in regional-bank-land, pricing implied a more-than-50-per-cent probability of a cut at the next FOMC meeting....
...But the Fed was not the only central bank that markets deemed surprisingly dovish. Two days before the Fed, the Bank of Japan wrapped its first interest rate increase in 17 years in dovish packaging....
...Their forecasts will land at 2pm Eastern time today (6pm GMT), along with the bank’s latest decision on interest rates....
...Most bank mergers need approval from all three of the US federal bank regulators: the FDIC, the Federal Reserve and the Office of the Comptroller of the Currency....
...England, European Central Bank and the Federal Reserve....
...A top Federal Reserve official has said “disappointing” inflation data means the US central bank should “push back” the timing of cutting interest rates from their current 23-year high....
...I would say simply that if you keep the cost of capital high, page one in your finance textbook will tell you that will have some consequences for households and firms that have a lot of debt, and on banks...
...Solid wage increases in the UK have left the Bank of England cautious about cutting interest rates....
...This was one of those deals that owed precious little to confidence and, if anything, reflected a distinct lack of it. Barren lands, then, more than green shoots....
...The trading activity of two former top Federal Reserve officials created an “appearance of conflict of interest” with their duties as US monetary policymakers, although they were cleared of any unlawful...
...Our Best of Warren Buffett coverage to start: The Oracle of Omaha laid bare the challenge for his successors in his annual letter this weekend: they have little chance of matching his “eye-popping performance...
...It was a moment of vindication for the Federal Open Market Committee, whose rosy outlook in December had defied more gloomy expectations from economists....
...For more in-depth analysis of monetary policy sign up for Chris Giles’s central banks newsletter....
...If so, then the central bank should start lowering the federal funds rate soon to offset the delayed impact of the past two years of monetary tightening....
...The Federal Reserve is “not far” from having the confidence to start cutting interest rates, its chair Jay Powell has said, bolstering hopes that the central bank will lower borrowing costs in the coming...
...A 2019 report about oil and gas wells on federal land by the US Government Accountability Office found that 84 per cent of bonds issued by the Bureau of Land Management were not enough to cover clean-up...
...Some of this makes sense. The Federal Reserve is expected to cut interest rates this year, but the speed and timing of those cuts will depend on the outlook for inflation....
...Part of the reason officials have been wary to call time on the rate-rising phase of the central bank’s monetary tightening campaign stems from the uncertainty clouding the economic outlook....
...Enel must pay nearly $260mn to remove 84 wind turbines from the Osage Nation’s land in Oklahoma after failing to obtain a minerals permit, a federal district court judge ordered in December....
...In the wake of three of the largest bank failures in US history a year ago, the US Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are all pushing...
...Investors are awaiting monetary policy decisions this week from the Bank of Japan, Federal Reserve, and Bank of England....
...Jay Powell moved to cool speculation that the Federal Reserve would begin cutting interest rates as soon as March, saying that was not the “base case” as the US central bank considers easing monetary policy...
...Analysts have upgraded their forecasts for the US economy this year, bolstering hopes of a soft landing and bets that the Federal Reserve will delay interest rate cuts until the summer....
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