Wise old market heads often remark that the bond market rarely lies and it often leads the stock market. This is particularly apposite at the moment, with too much cash kicking about and forcing bond, house and equity prices ever higher — infinite money chasing finite assets. It is putting the Federal Reserve in something of a dilemma: It has ...

Bloomberg US Treasury Secretary Janet Yellen will press European Union (EU) officials in Brussels to reconsider their plan to propose a digital levy after securing the Group of Twenty’s endorsement for the principles of a global corporate-tax agreement. Yellen is in Brussels following the gathering of G-20 finance ministers and central bankers in Venice, which concluded with the group’s call ...

Bloomberg Britain’s household wealth surged 900 billion pounds ($1.3 trillion) during the pandemic, and much of that went to the richest people, a study by the Resolution Foundation showed. The figure is well above the Bank of England’s estimate for how much money consumers accumulated during lockdowns that shut most stores and prevented people from traveling. It adds to evidence ...