US investment banking is so back

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

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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

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