• June 25 2024
  Federal Reserve

  Top Fed official warns US central bank may need to raise rates again

  Michelle Bowman says immigration and heavy federal spending threaten to undo progress on inflation

  
• June 25 2024
  International tax

  Global tax truce frays over fears of US Senate deadlock

  Champions of digital taxes take unilateral steps after losing faith in OECD-backed treaty

  
• June 23 2024
  US presidential election 2024

  US millionaires support Biden’s plan to tax super-wealthy, poll shows

  President seeks to fight Trump on economy with progressive plan to make the very rich pay more

  
• June 21 2024
  US banks

  Fed criticises ‘living wills’ of Bank of America, Citi, Goldman and JPMorgan

  Regulators say they found ‘shortcomings’ in how the lenders would handle their own failures

  
• June 18 2024
  US inflation

  Top Fed official says slowing US retail sales bolster rate cut chances

  ‘Long-expected deceleration’ in consumer spending may now be under way, says Adriana Kugler

  
• June 13 2024
  Federal Reserve

  Jay Powell sends mixed rate signal to borrowers — and Joe Biden

  US Federal Reserve cooled, but did not dispel, hopes for a cut in September before November’s election

  
• June 12 2024
  US inflation

  US inflation falls to 3.3% in May in boost to markets

  Traders raise likelihood of Federal Reserve interest rate cut before November’s presidential election

  
• June 12 2024
  Federal Reserve

  Fed officials signal just one rate cut before end of 2024

  Hawkish message comes as US central bank holds rates at 23-year high and raises forecast for inflation

  
• June 11 2024
  US interest rates

  US Fed will cut interest rates just once this year, say economists

  FT-Chicago Booth poll respondents also raise their outlook for inflation

  
• June 10 2024
  Central banks

  Political heat gives central bankers pause for thought on rate cuts

  Federal Reserve and Bank of England weigh case for reducing borrowing costs as voters prepare to go to polls

  
• June 8 2024
  US economy

  IMF warns US on ballooning fiscal burden

  Gita Gopinath urges Washington and other advanced economies to reduce their debt

  
• June 7 2024
  US employment

  US labour market powers past expectations with 272,000 jobs added in May

  Markets push back expected timing of interest rate cuts after data beats forecast

  
• June 6 2024
  US presidential election 2024

  What swing state Michigan’s boom says about the Biden economy

  Not everyone is benefiting equally from the revival under way in a crucial 2024 election battleground

  
• June 5 2024
  War in Ukraine

  US seeks EU sanctions guarantee to back $50bn Ukraine loan

  Washington needs Russian assets held in Europe to be frozen indefinitely to support fresh finance for Kyiv

  
• June 3 2024
  US inflation

  Fed official says interest rates should stay on hold for ‘extended’ time

  Neel Kashkari warns cutting too early could risk US economic prosperity

  
• May 31 2024
  US inflation

  Fed’s preferred inflation metric remains at 2.7% in April

  Personal consumption expenditures figure was in line with economists’ expectations

  
• May 29 2024
  Federal Reserve

  Former Goldman executive appointed next Cleveland Fed president

  Beth Hammack is latest senior woman to leave the investment bank

  
• May 25 2024
  War in Ukraine

  G7 finance chiefs back plan to leverage frozen Russian assets to fund Ukraine

  Ministers meeting in Italy also pledge to press China to cut industrial subsidies

  
• May 24 2024
  War in Ukraine

  Orbán holds up Ukraine arms funding from frozen Russian assets

  Hungary objects to proposal to fast-track up to €2bn worth of weapons for Kyiv

  
• May 24 2024
  Europe Express

  G7 finance ministers mull plan to issue debt backed by frozen assets Premium content

  Also in this newsletter: Poland and Greece demand a shared EU air defence system

  
• May 24 2024
  InterviewUS inflation

  Yellen says many Americans still struggling with inflation

  US Treasury secretary expresses concern over ‘substantial’ increases in living costs

  
• May 23 2024
  Israel-Hamas war

  Yellen warns Israel not to cancel waiver for Palestinian banks

  US Treasury secretary fears consequences for West Bank economy if lenders’ ties are cut

  
• May 22 2024
  Federal Reserve

  Fed officials were open to further US rate rises to quell inflation

  Hawkish signals from some central bank members came before recent data pointing to cooling price pressures

  
• May 21 2024
  US-China trade dispute

  Yellen urges Europe to join US in Chinese exports crackdown

  Treasury secretary rejects Brussels claims of protectionist lurch by Washington

  
• May 20 2024
  US trade

  Economists forecast $500bn annual hit from new Trump tariffs

  Peterson Institute says poorest Americans will suffer most if Republican wins election and raises levies as promised