For the Fed, the destination matters much more than the pace
Investors have no choice but to guess at the neutral rate
FTAV’s further reading
Gary Stevenson; more founder mode; WW3; blacklists; The Atlantic; deficits x inflation; Flappy Bird; Bitcoin reserves; and Lego
What the EU’s new competition tsar thinks about Chinese EV tariffs
Also in this newsletter: How the Greens got their man into von der Leyen’s office
Fed cuts rates by half a point and signals era of easing has begun
US central bank’s decision marks milestone in two-year fight against inflation
FirstFT: Fed easing cycle begins as focus moves to protecting jobs
Also in today’s newsletter, BoE rate decision and Hizbollah reels after twin attacks
Transcript: Does the UN still matter? With António Guterres
Gideon Rachman talks to António Guterres, secretary-general of the UN
Hizbollah walkie-talkies explode in Lebanon in second day of blasts
20 dead and at least 450 wounded in explosions a day after thousands of pagers detonated
EU carmakers say they risk ‘billions of euros’ in emissions fines
Transcript: The Fed’s first rate cut in 4 years
Sonja Hutson talks to Colby Smith and Mehul Srivastava
Tracey Emin on her body, her beds and her roots: ‘There’s nothing cynical about what I do — ever’
The artist speaks candidly about surviving cancer and why Middle Eastern motifs recur in her new paintings
Starmer initially failed to disclose free clothes from Labour donor
The then leader of the opposition did not originally specify the nature of the donation from Lord Waheed Alli
Why the Fed opted for the big rate cut
As US inflation eases, the central bank is now focused on its other mission: protecting jobs
ESG is dead. Long live ESG
We must urgently address the tension between profitability and sustainability
The rise of the £900 football shirt
The nostalgia for classic kits is on the up. So are the prices
Billionaire medical tech entrepreneur faces rare board removal vote
Ugly boardroom brawl at Masimo has pitted founder Joe Kiani against activist investor Quentin Koffey
London transport upgrades stall as financial squeeze bites
Mayor Sadiq Khan argues improvements are needed to stimulate housebuilding in the capital and regenerate neighbourhoods
Australia’s exemplar for the world on building economic security
Despite interventionist industrial policy rhetoric, Canberra has maintained open trade and a market economy
America should think twice before replacing sanctions with tariffs
Donald Trump complains that they are undermining the supremacy of the dollar
Schizophrenia: the new drug set to tackle the ‘cancer of psychiatry’
But the healthcare system in the US still struggles to provide adequate care for those with serious mental illness
Landscape architect Leonard Ng: ‘Nature is inherently beautiful, it doesn’t require design’
He helped make Singapore a garden city, and the same ethos informs the design of his home. House and garden are one and the same, nature is invited in, and the outdoor spaces feel like extra rooms
A-list dressing: tips from celebrity stylists
The women who style Cillian Murphy, Riz Ahmed and Benedict Cumberbatch on finding clothes that suit body and character
Hong Kong regulator relaxes rules on sharing China ETF research
Uptake of funds sold via ETF Connect has been hindered by strict interpretation of rules preventing promotion
Private equity’s new mantra
Plus, one of the billionaire Issa brothers steps back from Asda and the antitrust case rattling American fashion houses
Inside the Bank of London, the unicorn that had an ‘immediate’ need for cash
Fintech’s short history includes leasing Archegos’s old offices and hiring a convicted fraudster