Government bonds keep the lights on for countries all over the world and set the cost of money for everyone from the US to your mortgage lender. But even as bonds experience a rocky year, the public seems unaware and experts can’t quite explain what’s going on. The FT’s Robin Wig ...Show more
UK bets on a boring budget
Britain’s chancellor of the exchequer John Healey will deliver his annual budget on October 28. And with the UK facing the highest borrowing costs in the G7, the spending item he will be most keen to get under control will be the government’s interest payments bill. The FT’s econ ...Show more
The Fed chairman reiterated a wait-and-see approach on rates with tariff impact uncertain. (0:15) Consumer confidence unexpectedly tumbles. (1:39) Trump lashes out at Israel and Iran. (2:04)Show NotesOil prices sink on Iran export expectationsDoughnut divorceSpeeding Tesla robota ...Show more
Fed deja vu: Powell calls tariff inflation transitory
The FOMC keeps rates steady, but with two dissenting votes. (0:16) Odds of a rate cut in September fall below 50%. (1:33) Stocks sell off and yields rise as Chairman Powell speaks. (1:46)Show NotesQ2 GDP tops forecasts, but underlying growth a worry Episode transcripts seekingalp ...Show more