The Intelligence: Fed reckoning

On the streets of Minneapolis, in polls and in the halls of Congress, disapproval of President Donald Trump’s immigration agenda is mounting. Democrats won a near-term battle on funding—for now—but a wider war awaits. Kim Jong Un, North Korea’s leader, appears to be positioning h ...  Show more

As the smoke of a murderous crackdown clears, Iranians have hardened into two camps. Moderates and reformists are out; a sense of looming civil war is in. As America nears its 250th birthday, we launch our series examining the highlights and low points of its history. And why the ...  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