US investment banking is so back

美国投资银行业务真是过时了。

FT News Briefing

2025-07-17

11 分钟
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Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell, and Wall Street saw a surprise comeback in investment banking fees. Plus, the UK’s inflation rate rose higher than expected last month, and yields on Japan’s 10-year government debt jumped ahead of Sunday’s election. Mentioned in this podcast: Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell  Goldman Sachs profits jump 22% after investment banking gains  UK inflation unexpectedly rises to 18-month high of 3.6% Japan’s 10-year yield hits highest level since 2008 financial crisis Credit: Fox News Send in your Swamp Notes questions (Marc.Filippino@FT.com) Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, Henry Larson and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • Good morning from the Financial Times.

  • Today is Thursday, July 17th, and this is your FT News Briefing.

  • Donald Trump is attacking the Federal Reserve again, and US investment banking is making a comeback.

  • Plus, Japanese bond investors are worried about this weekend's election.

  • I'm Sonia Hudson, and here's the news you need to start your day.

  • Investors are worried about the Federal Reserve's independence again.

  • U.S.

  • President Donald Trump asked Republican lawmakers if he should fire Fed Chair Jay Powell.

  • That's what a White House official told the FT yesterday.

  • Powell's term ends next year.

  • The dollar dropped 0.9% afterwards,

  • but it trimmed some of those losses after Trump appeared to backtrack.