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Harriet Clarfelt

US capital markets correspondent

Harriet writes about US debt capital markets for the Financial Times in New York. She was previously deputy markets news editor for the FT in London. Before that, Harriet worked for the FT's sister title Investors' Chronicle - reporting on healthcare, technology, media and telecoms. She was also news editor at Investors' Chronicle and won CFA UK's "New Journalist of the Year" award. Harriet previously worked for an asset management firm.
Email Harriet Clarfelt @HClarfelt  on Twitter (link opens in a new browser window)
  • Thursday, 12 December, 2024
    Emerging markets
    Dollar’s surge sparks biggest fall in emerging market currencies in 2 years

    Developing economies also suffering from ‘confluence of bad news’

    Hands holding US dollar bills at an exchange office at the Grand Bazaar in Istanbul
  • Wednesday, 11 December, 2024
    US inflation
    US inflation rose to 2.7% in November

    Figure matches Wall Street’s forecasts and clears way for Federal Reserve rate cut next week

    Line chart showing US inflation rate since 2021
  • Monday, 9 December, 2024
    US Treasury bonds
    Pimco cuts exposure to long-dated US debt as deficits swell

    Decisions by the world’s biggest active bond fund manager have potential to trigger valuation changes across markets

    Pimco headquarters in Newport Beach, California
  • Monday, 25 November, 2024
    US dollar
    Dollar falls after Trump names Bessent to Treasury role

    US bond yields drop as hedge fund manager nominated for top economic position

    Scott Bessent speaks at a Republican party campaign event in August. He is seen gesturing while standing at a podium, with a US flag in the background.
  • Friday, 22 November, 2024
    The Big Read
    How long will Trump’s honeymoon with the stock market last?

    Equities investors seem unfazed by the risk that tariffs and tax cuts will push up inflation and deficits. But fears are rising

    Montage image of Donald Trump and the New York Stock Exchange building
  • Thursday, 21 November, 2024
    Currencies
    Crypto chief buys banana for $6mn at contemporary art auction

    Justin Sun, founder of blockchain network Tron, outbids six others for Maurizio Cattelan’s ‘Comedian’

    A picture of Justin Sun sitting in an egg-like chair
  • Friday, 15 November, 2024
    Corporate bonds
    Companies rush to US bond market as Trump rally cuts borrowing costs

    Borrowers ‘strike while the iron’s hot’ to raise more than $50bn this week

    Caterpillar excavators for sale at the Whayne Supply dealership in Louisville, Kentucky
  • Thursday, 14 November, 2024
    US economy
    Powell says Fed in no ‘hurry’ to lower interest rates further

    Central bank chair warns path to a reduction in inflation will be ‘bumpy’

    Jay Powell
  • Wednesday, 13 November, 2024
    US inflation
    US inflation rises to 2.6%

    October figure comes as Federal Reserve debates how quickly to lower interest rates

    Line chart showing annual per cent change in US CPI
  • Sunday, 10 November, 2024
    Markets
    Is US inflation on the rise?

    Market Questions is the FT’s guide to the week ahead

    A view of the Federal Reserve building in Washington
  • Friday, 8 November, 2024
    US economy
    US economy could ‘overheat’ under Trump, warns bond giant Pimco

    CIO Dan Ivascyn says interest rate cuts could be paused and stocks look vulnerable after post-election rally

    Dan Ivascyn during a television interview
  • Thursday, 7 November, 2024
    Capital markets
    Risk assets rally but bond market views Trump victory with caution

    Analysts and investors warn tension between different aspects of president-elect’s policy add to risks of a reversal

    A trader with Trump merchandise hanging around his workspace on the floor of the New York Stock Exchange in New York on November 6 2024
  • Monday, 4 November, 2024
    Capital markets
    Traders braced for volatility and volume as US election night nears

    Banks plan staggered shifts and downtown hotel rooms for suburb dwellers to staff floors around tight race outcome

    A broker uses a phone at the CBOE  Global Markets trading floor in Chicago, Illinois
  • Sunday, 3 November, 2024
    Global Economy
    How will the US election affect markets?

    Market Questions is the FT’s guide to the week ahead

    Voters line up at the Metropolitan Museum of Art in New York for early voting on November 1
  • Saturday, 2 November, 2024
    US dollar
    Trump victory bets and strong US economy power dollar gains

    Greenback enjoys strongest month in two years ahead of presidential election

    A worker passing US dollars to another person at a currency exchange
  • Friday, 1 November, 2024
    US employment
    US adds just 12,000 jobs as storms and strikes hit labour market

    October figure far below average forecast of 100,000 job gains and comes just four days before US election

  • Friday, 1 November, 2024
    Gilts
    Investors warn of lasting ‘risk premium’ in gilts following UK Budget

    Traders play down parallels with 2022 market crisis but say rise in borrowing costs will linger

    Rachel Reeves is seen outdoors, wearing a dark coat, with a focused expression
  • Wednesday, 30 October, 2024
    US GDP
    US GDP rose at a 2.8% rate in third quarter on strong consumer spending

    Final reading before presidential election was shy of expectations, but shows biggest economy is in robust health

    A shopper holds up a shirt
  • Sunday, 27 October, 2024
    US economy
    Is the US jobs market still booming?

    Market Questions is the FT’s guide to the week ahead

    Hiring signs outside a McDonald’s restaurant in Catskill, New York, October 2 2024
  • Friday, 25 October, 2024
    US Treasury bonds
    Treasuries sell-off reverberates through global markets

    Volatility returns ahead of US election as government debt is hit by stronger economic data

    A montage of the US Treasury building and the logo of the Department of the Treasury
  • Tuesday, 22 October, 2024
    US dollar
    Strong US economy and ‘Trump trade’ drive dollar rally

    US currency hits highest level since August, as investors bet on growing likelihood of election victory for former president

    A child, being held by her father, holds a dollar bill
  • Friday, 18 October, 2024
    Corporate bonds
    ‘Soft landing’ bets push US corporate spreads to lowest in almost 20 years

    Fed cuts and robust economy spur ‘tremendous demand’ for US credit

  • Tuesday, 15 October, 2024
    ExplainerBoeing Company
    Has Boeing done enough to avoid the credit rating junk yard?

    Plane maker is burning through an estimated $1bn a month during a strike by its largest labour union

    Boeing factory workers gather on a picket line
  • Tuesday, 15 October, 2024
    Boeing Company
    Boeing seeks up to $35bn to bolster its balance sheet

    Plane maker announces plans to raise up to $25bn in new capital and agrees $10bn credit facility

    Employees working on Boeing 737 Max aircraft at its factory in Renton, Washington
  • Tuesday, 17 September, 2024
    US dollar
    US dollar trades in the doldrums as rates and data weigh on outlook

    Appreciation of other major currencies such as Japanese yen has put downward pressure on the greenback

    US dollar notes
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