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...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...But Powell’s stern sounds yesterday could easily turn serene tomorrow....
...To mark this moment while it doesn’t yet feel like a mistake, we’ve added a festive Jerome Powell-themed design to our Redbubble store: — Jerome Powell, Christmas Saviour (black text)— Jerome Powell, Christmas...
...“Speakers today like Kashkari and [Austan] Goolsbee may be trying to push the center away from Powell’s views....
...Among the other cycles are the dreamy D’ombre et de soleil, very much school of Fauré, the more overtly sensuous and harmonically adventurous Quatre Odelettes, and the playful Cinq Humoresques....
...The second of them, “D’un soir triste”, explores dark and intense feelings that surely come from being written under the shadow of death....
...One of the best-known photographs from Richard Billingham’s book Ray’s a Laugh shows his father, Ray, in their Black Country council flat mid-fall, caught between an armchair and the carpet, his head about...
...“The risk was that the market would keep rallying and that they’d underperform.”...
...Richard LayardCo-Director, Well-Being Programme, Centre for Economic, Performance,London School of Economics,London WC2, UK...
...richard.waters@ft.com...
...A common target of Trump’s missives was a then-fresh-faced Federal Reserve chair called Jerome Powell. Trump wanted Powell to cut rates, and wasn’t shy about saying it....
...Richard Clarida, a former vice-chair on the Fed, also resigned after he was embroiled in the scandal. He was later cleared of any wrongdoing, as was Powell himself....
...That could prove problematic if the economic data remains strong, warned Richard Clarida, who previously served as the Fed’s vice-chair and is now at bond manager Pimco....
...The BBC Symphony Chorus and Orchestra let rip in the Monteverdi-inspired fanfares of joy, and Wigglesworth completed the programme with his own arrangement of Monteverdi’s Lamento d’Arianna for string orchestra...
...The Venice Film Festival this year features a showdown between David Fincher’s The Killer and Richard Linklater’s Hit Man — one focused on a highly skilled professional who makes a single slip and must suffer...
...Without Elon Musk, I don’t think we’d have a Northvolt.”...
...Sesto Quatrini conducts at sprightly speeds. ★★★★☆ ‘L’elisir d’amore’ to October 10, roh.org.uk...
...The description of the final weeks of Emily’s life is almost unbearably moving: “All my life I’d withstood any damage inflicted on me, even by my own hand, felt sure that I would always recover,” she reflects...
...To have renewed tightening, we’d probably have to see the US labour market heat up more....
...Axel’s chart below shows, in dark blue, the term premium lagged five years and, in light blue, the how much more you’d earn holding a five-year bond over taking the short-term rate....
...Ticket sales have been strong for the two operas — Mozart’s Don Giovanni and Donizetti’s L’elisir d’amore — and there will also be youth events, two oratorios in performance and Christmas concerts....
...Richard Hughes, the chair of the Office for Budget Responsibility, said on Thursday that a lack of information on the identity of overseas holders of gilts made it harder to predict their behaviour compared...
...“To get inflation down to 2 per cent, we think you’d need to see wage growth at 3.5 per cent and unemployment rise to around 4.5 per cent.” “We think there will be a recession in 2024....
...richard.milne@ft.com...
...Talking of inflation, my colleague Martin Wolf has an excellent tour d’horizon of the new world of elevated public debt that we have entered, and its potential inflationary impact....
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