The minutes of the Federal Reserve’s monetary policy meeting show central bankers continue to move closer to explicitly allowing the economy to run hot enough to push the inflation rate above its 2% target for a period of time. The big undecided question is, will the Fed lower interest rates to meet this new objective? While a rate cut looks ...

The rise of social media has turned the fear of missing out — or FOMO — into a widespread anxiety. Those jitters may now strike parts of Europe’s banking sector with renewed anticipation for a wave of much-needed consolidation. An unsolicited bid by Intesa Sanpaolo SpA for Unione di Banche Italiane SpA triggered hopes of a process that would help ...

There hasn’t been much balance in the overheated debate around the post-Brexit trade settlement between Britain and the European Union (EU). So it was a welcome surprise to see former Morgan Stanley President Colm Kelleher describe Europe’s capital markets as “not fit for purpose” recently. It’s good to see an acknowledgement that maybe the EU doesn’t hold all the cards ...