The Federal Reserve’s decision to raise interest rates was largely a nonevent, given how thoroughly markets had expected it. Nonetheless, it offered a comforting reminder that Fed officials know how to do their job — which these days means ignoring public statements from the chief executive and focusing on the economy. For decades, US presidents have refrained from criticising the ...

President Donald Trump’s latest round of tariffs on China is essentially a tax on Americans, who will pay more for some goods. It’s not a huge cost increase, though, and it might help bring back some of the jobs eliminated by Chinese imports. As a consumer, living without “Made in China” appears to be daunting. In 2005, when US goods ...

London’s ex-Lehman Brothers bankers who’ve been meeting up have found the conversation shifting quickly to Brexit – and whether their next reunion will be in Frankfurt, Paris or somewhere else. As the official March 2019 Brexit deadline looms, banks are in the last stages of preparing for a worst-case “no-deal.” A brutal loss of the City of London’s access to ...