And housing Kamalanomics
First & Peoples survived many disasters, but loans to a fintech may prove its undoing
The central bank needs to look at areas such as shadow institutions, the risks of sudden capital outflows and communication
US rate-setter challenges fears of recession as global policymakers prepare for Jackson Hole meeting
Market Questions is the FT’s guide to the week ahead
Plus AI, the jobs report, and more
And the US consumer
FOMC voting member Raphael Bostic warns central bank officials must also beware jobs market
First drop below 3% since 2021 comes as Federal Reserve considers cutting interest rates in September
How to make sense of this year’s stop-start rally in US small caps
More than $66bn has poured into fixed-income funds since start of July
And China’s bond rally
And why weakening the dollar is a bad idea
Democratic candidate cannot count on rebound ahead of the presidential election
Panic won’t prompt an emergency rate cut and a 50-point reduction in September isn’t nailed on either
It’s over. Maybe
Stock moves are not a reliable signal of looming economic downturn
The BoJ raised rates, the Fed was on hold and the BoE cut and then it all went wrong
Austan Goolsbee and Mary Daly say central bank will aim to ensure price stability as pressure to cut interest rates grows
Ares, Apollo, Blackstone and KKR prepare to increase buyout-linked investments as interest rates ease
US central bank’s decision to hold interest rates at 23-year high criticised by economists and politicians
A bigger rate cut than the Fed envisages may be warranted in September
Investors balk at steep valuations amid modest corporate outlooks and bets rise on Fed rate cuts
Second-quarter earnings of $1bn missed expectations as hedging costs on floating rate exposure has yet to pay off
Jobs a bad ’un
