The Federal Reserve this week chose to hold interest rates unchanged. But inflation still continues to outpace its 2 per cent target. Today on the show, capital markets correspondent Kate Duguid joins us to ask if the US central bank is making the wrong decisions, and what options they have. Also, we short Starbucks and dissect Ray Dalio's bet on civil war.

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You can email Katie Martin at katie.martin@ft.com.

Read a transcript of this episode on FT.com

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The American economy is strong — and the dollar is extremely expensive. Today on the show, we talk about how the strong dollar affects the rest of the world, pressuring importers, benefitting manufacturers, and causing capital to flow into the United States. Also we go long McDonald’s and long the British pub.

For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer

You can email Katie Martin at katie.martin@ft.com.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The FT’s Rob Armstrong sits down with Tim Harford, host of the podcast Cautionary Tales, to discuss Ponzi schemes, how they spiral out of control and what differentiates them from bubbles — and from Amazon. Plus, we go long pyramid schemes and short, as usual, crypto.

For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer

Check out Tim’s podcast, Cautionary Tales, and the full story on Sam Israel’s Ponzi scheme here.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.