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    Colby Smith

    US Economics Editor

    Colby Smith is US economics editor. She previously covered US rates, FX and Latin America for the FT's markets team in New York. She has also written for Alphaville. Prior to the FT, she worked at the Economist and Bloomberg.
    Email Colby Smith @colbyLsmith  on Twitter (link opens in a new browser window)

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    • Monday, 11 December, 2023
      Monetary policy
      Central banks prepare to rebuff investors over path of interest rates

      US Fed, ECB and BoE meet this week as strong labour data suggests policy pivot unlikely

      Federal Reserve, Bank of England, European Central Bank logos
    • Sunday, 10 December, 2023
      News in-depthUS interest rates
      Powell under pressure to set out plan for US interest rate cuts

      Federal Reserve chair faces communication challenge as investors think cooling economy means tightening is over

      Jay Powell
    • Wednesday, 6 December, 2023
      News in-depthFT-Booth Survey
      Economists see Fed keeping rates at 22-year high until at least July

      FT-Booth survey respondents think US central bank will remain more hawkish than market expects

      The Federal Reserve building in Washington
    • Tuesday, 5 December, 2023
      US employment
      US job openings drop to lowest level in more than 2 years

      Data offers Federal Reserve more evidence that high interest rates are cooling demand

      Men walking past a board advertising jobs
    • Sunday, 3 December, 2023
      Global inflation
      Slowing inflation piles pressure on central banks to pivot

      As clamour grows for interest rate cuts, investors fear acting too slowly could harm already weak economies

    • Friday, 1 December, 2023
      US interest rates
      Traders boost US rate cut bets despite pushback from Fed’s Powell

      Investors brush off central bank chair’s warning that ‘progress must continue’ in inflation fight

      Fed chair Jay Powell
    • Thursday, 30 November, 2023
      News in-depthFederal Reserve
      Fed not ready to start talking about rate cuts

      Policymakers are wary of calling time on tightening campaign prematurely even as data suggests work may be nearly done

      Jay Powell, Fed chair
    • Thursday, 30 November, 2023
      Financial & markets regulation
      Global bank executives hit out at US capital plans

      UBS chair and HSBC chief join Wall Street bankers in questioning US proposals to implement Basel III rules

      From left, Daniel Pinto, Colm Kelleher and David Solomon
    • Tuesday, 28 November, 2023
      US interest rates
      Dollar hits 3-month low after Fed official signals rates may start to fall

      Investors betting central bank likely to cut borrowing costs by May next year

      Christopher Waller
    • Tuesday, 21 November, 2023
      US interest rates
      Fed officials showed little urgency to raise rates further

      But minutes from November meeting of US central bank also reveal consensus that policy must remain ‘restrictive’

      The Federal Reserve building in Washington
    • Saturday, 18 November, 2023
      US retail
      Retailers point to cracks in the picture of US consumer resilience

      Spending has defied inflation but shoppers are showing more caution about buying big-ticket items

      A pedestrian passes by a Macy’s department store in Washington
    • Wednesday, 15 November, 2023
      US interest rates
      Fed official warns against calling time on rate-rising cycle too soon

      US central bank must not claim victory over inflation prematurely, says San Francisco Fed president

      Mary Daly, the head of the San Francisco Fed
    • Tuesday, 14 November, 2023
      US inflation
      US stocks and bonds jump after inflation falls to 3.2%

      Annual rise in consumer price index slows more than economists had forecast

      A customer shops at an Amazon Fresh grocery store in Schaumburg, Illinois
    • Tuesday, 14 November, 2023
      Federal Deposit Insurance Corp
      FDIC boss grilled after ‘horrendous’ harassment revelations

      Chair of US banking regulator says a 90-day review of workplace culture has begun

      Martin Gruenberg,
    • Tuesday, 14 November, 2023
      Ransomware
      Wall Street and Beijing fight fallout of ransomware attack on China’s biggest bank

      New York arm of ICBC proposed using a USB stick to transmit data after its systems were compromised

      A montage of the logo for ICBC and the front of the US Treasury building
    • Monday, 13 November, 2023
      Israel-Hamas war
      US warns Israel against hospital ‘firefights’

      Patients risk being caught in crossfire as Benjamin Netanyahu claims Hamas preventing citizens from leaving Gaza

      Smoke rises as displaced Palestinians take shelter at al-Shifa hospital
    • Thursday, 9 November, 2023
      US interest rates
      Powell warns Fed against risk of being ‘misled’ in inflation fight

      US central bank ‘will not hesitate’ to raise interest rates again if necessary, says chair

      Jay Powell
    • Wednesday, 8 November, 2023
      Central banks
      Central bankers adamant rates will remain high, as markets bet on cuts

      Officials say they would want to see companies cutting profit margins to be convinced inflation would fall sufficiently

      Bank of England governor Andrew Bailey, left, and Central Bank of Ireland chief Gabriel Makhlouf at a conference in Dublin on Wednesday
    • Wednesday, 8 November, 2023
      Economists Exchange
      Claudia Sahm: ‘We do not need a recession, but we may get one’

      The former Federal Reserve economist on talk of a recession, the battle to tame inflation and the difficulties of forecasting

      Leonie Woods illustration of Claudia Sahm and Colby Smith.
    • Wednesday, 8 November, 2023
      Global inflation
      Central bankers split on whether war-related energy price jump would fuel rates

      Officials differ over wider effects of a possible cost increase triggered by spread of Israel-Hamas conflict

      A FT montage of the logos of the European Central Bank, Bank of England and Federal Reserve with oil pumpjacks in the Permian Basin oil field
    • Tuesday, 7 November, 2023
      The Big Read
      Will US voters believe they are better off with Biden?

      Under pressure after a string of damning polls, the US president is resting his hopes for re-election on his personal economic blueprint

      FT montage of President Joe Biden surrounded by a basket of food items and dollar bills
    • Saturday, 4 November, 2023
      FT SeriesHigher for longer
      Governments brace for fiscal reckoning from bond markets

      Investors say countries will have to get used to higher interest bills as borrowing costs soar

    • Friday, 3 November, 2023
      US employment
      Wall Street records best week in a year after US jobs growth slows

      Stocks and bonds rally on hopes that Fed will call time on raising interest rates

      People wait to speak with prospective employers at a job fair in Los Angeles
    • Friday, 3 November, 2023
      The Big Read
      Is this the turning point for interest rates?

      Many of the major central banks have decided to hold rates steady, but few officials are yet declaring victory over inflation

    • Thursday, 2 November, 2023
      US interest rates
      The new question for the Fed: how long to keep rates high

      Chair Jay Powell says US central bank will proceed ‘carefully’ with any change to monetary policy

      Jay Powell
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