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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)

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    • Thursday, 25 May, 2023
      US politics & policy
      US credit rating at risk for downgrade amid debt ceiling ‘brinkmanship’

      Republican Speaker tries to reassure investors they have nothing to fear as deadline for potential default approaches

    • Wednesday, 24 May, 2023
      Federal Reserve
      Fed officials were ‘less certain’ about need for more interest rate rises

      Minutes from latest meeting confirmed policymakers are weighing when to pause tightening campaign

    • Tuesday, 23 May, 2023
      US politics & policy
      Biden and McCarthy hold ‘productive’ debt ceiling talks but deal still elusive

      Janet Yellen warns it is ‘highly likely’ the US will be unable to pay its bills by early June without action

    • Monday, 22 May, 2023
      US economy
      Americans’ financial health hit by higher inflation, Fed survey shows

      Central bank report shows declining share of US adults feel they are ‘doing at least OK financially’

    • Friday, 19 May, 2023
      Federal Reserve
      Powell says rates ‘may not need to rise as much’ due to bank stress

      Fed chair weighs possibility of credit crunch as US central bank fights against inflation

    • Thursday, 18 May, 2023
      InterviewFederal Reserve
      Fed’s Bullard suggests higher rates as ‘insurance’ against inflation

      Views from hawkish St Louis president reflect policy divisions inside the central bank

    • Tuesday, 16 May, 2023
      US banks
      Bosses of failed US banks refuse to hand back millions of dollars in pay

      Silicon Valley Bank and Signature Bank executives grilled during Senate hearing

    • Tuesday, 16 May, 2023
      ExplainerUS economy
      What to expect as US nears ‘unthinkable’ debt default

      Treasury secretary Janet Yellen has warned the government may run out of cash as early as June 1

    • Monday, 15 May, 2023
      US budget
      Yellen warns of jump in US borrowing costs amid debt ceiling stand-off

      Treasury secretary repeats prediction government could run out of money by June 1

    • Monday, 15 May, 2023
      US banks
      ‘Rumours and misconceptions’ to blame for SVB failure, claims ex-CEO

      Greg Becker set to be grilled by lawmakers over third-largest bank failure in US history

    • Monday, 15 May, 2023
      Federal Reserve
      Fed’s Barkin sees ‘no barrier’ to higher rates if inflation persists

      Richmond president says policymakers should be ‘sensitive’ to financial stability risks

    • Monday, 15 May, 2023
      News in-depthUS inflation
      Fed faces a long battle to trim inflation to its 2% target

      Prices are finally coming down but ‘core’ price pressures remain stubbornly high

    • Friday, 12 May, 2023
      Federal Reserve
      Fed governor Philip Jefferson nominated as central bank’s vice-chair

      Biden also taps economist Adriana Kugler for a seat on board of governors

    • Friday, 12 May, 2023
      Federal Reserve
      Senior Fed official signals doubts over pause in US rate rises

      Michelle Bowman warns there is no ‘consistent evidence’ that inflation is under control

    • Thursday, 11 May, 2023
      US politics & policy
      McCarthy accuses White House of holding up debt ceiling deal

      Republican House speaker’s comments come as meeting between political leaders to discuss crisis is postponed

    • Thursday, 11 May, 2023
      US banks
      FDIC to hit biggest US banks with $16bn bill for SVB clean-up

      US regulator’s proposal requires lenders with more than $50bn in assets to cover 95% of cost

    • Thursday, 11 May, 2023
      FT News Briefing podcast8 min listen
      China makes a show of corporate raiding

      US inflation eases to 4.9% in April as Fed tightening takes effect

    • Wednesday, 10 May, 2023
      US politics & policy
      Biden urges Republicans to drop default threat in debt ceiling talks

      First meeting with leaders fails to yield a breakthrough with weeks to go before country breaches borrowing limit

    • Sunday, 7 May, 2023
      US economy
      US debt ceiling debacle adds to economists’ fears of turmoil

      Concerns grow that growth and jobs will suffer as impasse drags on in Congress

    • Friday, 5 May, 2023
      US employment
      US economy adds 253,000 jobs in sign of labour market strength

      Unemployment rate dipped to 3.4% in April and average hourly earnings rose

    • Friday, 5 May, 2023
      The Big Read
      JPMorgan: the bank that never lets a crisis go to waste

      Chief executive Jamie Dimon has presented the takeover of First Republic as a public service. But critics claim the system is stacked in its favour

    • Thursday, 4 May, 2023
      FT News Briefing podcast10 min listen
      Fed hints it might pause rate hikes

      Conservatives and Labour go head to head on Thursday in a big test at the local ballot boxes

    • Thursday, 4 May, 2023
      Federal Reserve
      ‘Getting close’: Fed chair seeds expectations for rate rise pause

      Jay Powell hints US central bank has done enough to tame inflation after 14-month campaign

    • Thursday, 4 May, 2023
      Federal Reserve
      Biden set to nominate Philip Jefferson as Fed vice-chair

      Fed governor emerges as top choice for position vacated by Lael Brainard earlier this year

    • Wednesday, 3 May, 2023
      US interest rates
      Fed implements quarter-point rate rise and signals potential pause

      US central bank warns recent banking turmoil is ‘likely to weigh on economic activity’

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