The midterms are coming, and with them, the pressure is building on President Joe Biden to let everyone know whether he is running in 2024. In a normal presidential election cycle, we would be about to hit the two-year mark in the “invisible primary.” That’s the period before voters get involved, in which candidates seek the support of key party ...

  Shareholders and chiefs of America’s big banks should get some thank you cards over to Jerome Powell. The Federal Reserve’s interest rate increases have delivered a huge boost to revenue for Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. so far this year without – as yet – causing any problems for borrowers. Okay, the residential ...

  Expectations of how much central banks will push interest rates higher to get inflation under control have increased to such an extent that some are starting to talk about overkill. Markets now think that benchmark rates in the US will top out at about 4.7% (from 3.25% now), 3% in the euro zone (from 1.25%), and 5.8% in the ...