Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK water regulator Ofwat will allow utilities in England and Wales to raise customer bills by an average of 36 per cent by 2030, a larger increase than it had previously indicated, but still short
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This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters The possibility of a conflict between the incoming Donald Trump administration’s policies and the Federal Reserve’s price stability mandate has
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The dollar hit a two-year high and global stocks fell on Thursday after the Federal Reserve indicated it would cut interest rates more slowly next year to guard against any renewed threat of inflation. The
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When I visited my nearest hipster pub in east London this week, there was no sign of the great Guinness shortage. Despite stories of pubs having to ration the newly fashionable Irish stout, the barman
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On January 20 2021, Donald Trump boarded Air Force One for what most people assumed was the last time. He was going back to Palm Beach. A fortnight earlier he had helped goad a mob assault on Capitol Hill — the first attack on America’s legislature since it was set on fire by British troops
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Donald Trump is still weeks away from taking the oath of office, but the president-elect’s vow to enact a sweeping policy overhaul is already looming large over the Federal Reserve. The Fed trimmed interest rates by a quarter of a percentage point on Wednesday in its third consecutive reduction, but officials’ projections for half as
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<img src=”https://public.flourish.studio/visualisation/20863349/thumbnail” width=”100%” alt=”chart visualization” /> Municipals lost more ground Wednesday, but outperformed a selloff in the U.S. Treasury market, after the Federal Open Market Committee signaled fewer rate cuts on the horizon, with a likely pause in January. Equities also sold off, with the Dow Jones Industrial Average hitting a 10-day losing streak, the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Conservative shadow minister Andrew Griffith has urged Elon Musk to take another look at the Tories before donating to Reform UK, highlighting his party’s low-tax and anti-woke credentials.  The tech billionaire discussed the idea of
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Robert McDermott, the former Philadelphia budget director, has joined PFM as a director for its workforce consulting team. PFM Robert McDermott, the former Philadelphia budget director, has joined PFM as a director for its workforce consulting team.  McDermott is the latest veteran of Philadelphia’s finance department to join PFM, part of the firm’s ongoing strategy to
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After the Pinellas County Commission approved bonds to help fu nda replacement for Tropicana Field, the team resurfaced a demand for more money, which had previously been rejected.Bloomberg News After the Pinellas County Commission approved $312 million of bonds to help finance construction of a professional baseball stadium, an old obstacle to the deal reappeared,
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“The RFK Stadium bill is a win-win for the federal and D.C. governments,” said Congresswoman Eleanor Holmes Norton. ”It would allow D.C. to transform the crumbling, long-vacant campus from acres of asphalt to a complex focused on community sports, recreation, park space and cultural amenities. Additionally, this bill would allow D.C. to create a mixed-used development
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