Stay up to date with free updates Simply sign up for the American inflation myFT Digest – delivered straight to your inbox. U.S. inflation eased to 2.6 percent in the year through May, according to the measure the Federal Reserve uses to set its target for price pressures, leaving the central bank on track for … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. All 31 largest U.S. banks have passed the Federal Reserve’s annual so-called stress tests, leaving regulators confident they can withstand a theoretical scenario in which unemployment rises to 10 percent during a severe recession. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A top Federal Reserve official has backed more rate hikes if inflation remains at current levels. He says immigration and aggressive fiscal stimulus are likely to cause U.S. prices to rise faster than in other … Read more