The Intelligence: Fed reckoning

As attention has focused on war in Iran, Israel sees an opportunity to crush a weakened Hizbullah in Lebanon. Our correspondent says it would be far better for the Lebanese state to do so. As south-east Asia is modernising, Islam is counterintuitively gaining greater primacy in c ...  Show more

A rash entry into a war of choice exposes President Donald Trump in a number of ways—and he may prove more dangerous as he becomes weaker. Turkey’s foreign entanglements mask the democratic backsliding at home; that is bad news for an opposition figure whose trial just began. And ...  Show more

America’s central bank left rates untouched, to widespread market delight. Why is this economic cycle confounding expectations so much, and how to bring it to a gentle end? We look at the modern fortunes of Vodafone, a once-mighty telecoms firm that is slimming down to get health ...  Show more

The Bank of Japan has ended its grand experiment in unconventional monetary policy—how did it work, and what happens now that it has concluded? Ahead of Florida’s presidential primary our correspondent pays a visit, examining the state’s hard swing to the right (10:17). And the n ...  Show more

Economists have stopped waiting for interest rates to drop because it doesn’t seem to be coming. The upward pressure on long-term bond yields suggests that this situation could last for a while. How should the world adjust? Israel’s economy might be in good enough shape to withst ...  Show more

Generative artificial intelligence dominated conversations at Davos this year. How might education and healthcare be transformed as the technology reaches the developing world? The Notre Dame Cathedral is set to reopen this year. Come with us to visit the site in Paris (10:11). A ...  Show more