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Colby Smith

US Economics Editor
Colby Smith is US economics editor. She previously covered US rates, FX and Latin America for the FT's markets team in New York. She has also written for Alphaville. Prior to the FT, she worked at the Economist and Bloomberg.
Email Colby Smith @colbyLsmith  on Twitter (link opens in a new browser window)
Email Colby Smith @colbyLsmith  on Twitter (link opens in a new browser window)

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  • Wednesday, 29 June, 2022
    Central banks
    Central bank chiefs call end to era of low rates and moderate inflation

    ECB, Fed and BoE heads warn of painful shift after ‘massive geopolitical shock’ of Ukraine war and pandemic

  • Saturday, 25 June, 2022
    US politics & policy
    ‘We’re going backwards’: a divided America reacts to abortion decision

    The Supreme Court’s decision to overturn Roe vs Wade after 49 years prompts polarised response

  • Friday, 24 June, 2022
    Global Economy
    Recession in US and Europe ‘increasingly likely’, warn economists

    Aggressive rate rises and European energy supply worries are leading to sharp downgrades

  • Thursday, 23 June, 2022
    Bank stress tests
    US banks pass latest round of Fed stress tests in sign of financial health

    Companies’ hypothetical losses widen but remain within bounds in test of their ability to withstand severe pressure

  • Thursday, 23 June, 2022
    Federal Reserve
    Support grows among Fed officials for further 0.75 percentage point rate rise

    Fed governors Michelle Bowman and Christopher Waller have indicated backing for more aggressive approach

  • Wednesday, 22 June, 2022
    US Inflation
    Biden’s proposed ‘gas tax holiday’ runs into opposition

    Measure would halt federal levy on petrol and diesel as consumers deal with high inflation

  • Wednesday, 22 June, 2022
    US Inflation
    Jay Powell warns US recession ‘certainly a possibility’

    Fed chair says economy is resilient but factors beyond his control raise risk of inflation surprises

  • Wednesday, 22 June, 2022
    Federal Reserve
    Jay Powell faces test of Fed’s ‘unconditional’ resolve to tame inflation

    US central bank chair’s testimony to Congress comes in wake of heightening fears of recession

  • Saturday, 18 June, 2022
    Federal Reserve
    Fed official supports 0.75 percentage point rate rise in July

    Christopher Waller expects inflation data to warrant a back to back jumbo increase

  • Friday, 17 June, 2022
    The Big Read
    Time for strong medicine: How central banks got tough on inflation

    In the US and Europe, policymakers are beginning to accept that dealing with rising prices will not be painless

  • Friday, 17 June, 2022
    US interest rates
    Fed dissenter says jumbo rate rise risked adding to ‘policy uncertainty’

    Esther George warns on abrupt policy changes after becoming lone holdout to biggest increase since 1994

  • Thursday, 16 June, 2022
    Federal Reserve
    Fed’s full-tilt inflation fight makes a ‘softish’ landing harder to achieve

    Chair Jay Powell sees no choice but to keep tightening even as odds of a recession quickly rise

  • Thursday, 16 June, 2022
    FT News Briefing podcast10 min listen
    The biggest US rate rise in almost 30 years

    European Central Bank signals it will safeguard weaker economies from rising debt costs

  • Wednesday, 15 June, 2022
    US interest rates
    Fed raises benchmark rate by 0.75 percentage points to tame inflation

    Officials accelerate tightening by largest degree in decades in sign of more aggressive approach

  • Wednesday, 15 June, 2022
    Monetary policy
    Fed begins quantitative tightening on unprecedented scale

    US central bank’s move to reduce $9tn balance sheet comes alongside steep rate rises to tackle persistent inflation

  • Tuesday, 14 June, 2022
    Federal Reserve
    Wall Street braced for sharp Fed rate rise to fight soaring inflation

    Expectations grow that US central bank will raise borrowing costs by 0.75 percentage points

  • Monday, 13 June, 2022
    Brookings Institution
    John Allen resigns from Brookings over Qatar lobbying allegations

    FBI has been investigating whether retired general secretly lobbied for Gulf country

  • Sunday, 12 June, 2022
    News in-depthFT-IGM Survey
    US set for recession next year, economists predict

    FT-IGM Survey forecasts downturn in 2023 as Fed tries to stamp out worst inflation in 40 years

  • Sunday, 12 June, 2022
    Gun control
    Senators agree on modest US gun reforms in wake of shootings

    Rare bipartisan deal falls short of measures such as assault weapons ban demanded by Joe Biden

  • Saturday, 11 June, 2022
    US Inflation
    Petrol prices in US hit $5 a gallon as inflation picks up

    Shock at the pump comes as prices continue to rise after hitting a four-decade high

  • Saturday, 11 June, 2022
    News in-depthUS economy
    Yellen draws flak in political battle over high inflation

    US Treasury secretary under fire over Biden administration’s failure to bring prices down

  • Friday, 10 June, 2022
    US economy
    US inflation resumes rapid rise by accelerating in May

    Consumer prices rose 1% during month and 8.6% from a year ago, adding more pressure on Fed to cool the economy

  • Friday, 10 June, 2022
    FT News Briefing podcast10 min listen
    ECB to raise interest rates for first time since 2011

    US consumer prices are set to register another large monthly increase

  • Tuesday, 7 June, 2022
    Janet Yellen
    Yellen urges Congress to do more to fight inflation

    Affordable housing and investment in education would counter soaring costs, says US Treasury secretary

  • Friday, 3 June, 2022
    US economy
    US economy posts solid jobs growth despite tight labour market

    World’s largest economy added 390,000 jobs in May

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