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Robert Armstrong

US Financial Commentator

Robert Armstrong is the FT’s US financial commentator and writes the Unhedged newsletter. Previously, he was the US financial editor, chief editorial writer and has also edited the FT’s Lex Column. Before becoming a journalist, he worked in finance and studied philosophy. You can sign up for a 30 day trial to the Unhedged newsletter here.

Meet Robert

Email Robert Armstrong @rbrtrmstrng  on X.com (link opens in a new browser window)
  • Wednesday, 4 February, 2026
    Q&AAsk an Expert
    Submit your questions: Are US markets and the economy as strong as Trump claims?

    Take part in a live Ask an Expert Q&A with US managing editor Brooke Masters and US financial commentator Robert Armstrong on Thursday February 5

    2 hours ago
  • Wednesday, 4 February, 2026
    UnhedgedMarkets
    Market concentration is nothing to worry about

    It’s just what markets do

    Premium content
    A trader gestures at multiple monitors displaying financial charts and data in a room with a blue and red colour overlay.
  • Tuesday, 3 February, 2026
    Unhedged Podcast22 min listen
    The next Fed chair

    Who is Kevin Warsh? And how would he run the US central bank?

  • Monday, 2 February, 2026
    UnhedgedKevin M. Warsh
    Kevin Warsh: you have to make a bet

    What comes after data dependence?

    Premium content
    Kevin Warsh
  • Friday, 30 January, 2026
    UnhedgedMarkets
    Meta, Microsoft and the tyranny of small differences

    Plus, Jay Powell and dollar hedging

    Premium content
    A row of black and white dominoes falling in sequence across a divided pink and blue surface.
  • Thursday, 29 January, 2026
    Unhedged Podcast25 min listen
    The incredible shrinking dollar

    Is the world finally moving away from the greenback?

  • Thursday, 29 January, 2026
    UnhedgedMarkets
    The Fed is done cutting until something changes

    Plus, the falling dollar

    Premium content
    Jerome Powell stands in front of American flags, appearing to speak after a Federal Reserve press conference.
  • Tuesday, 27 January, 2026
    Unhedged Podcast24 min listen
    How does a gold rush end?

    Gold and silver are racing to records. What could stop that?

  • Tuesday, 27 January, 2026
    UnhedgedMarkets
    Trying to change our minds about gold

    It’s not easy to rationalise the rally

    Premium content
    A worker wearing a white glove holds a shiny gold bar, with safe deposit boxes visible in the background.
  • Monday, 26 January, 2026
    UnhedgedMarkets
    Market inefficiency reconsidered

    Plus, a labour market and immigration follow-up

    Premium content
  • Friday, 23 January, 2026
    UnhedgedJapanese economy
    The Japanese yield panic

    And the signal from staples

    Premium content
    Wall Street street sign with surrounding tall buildings, tinted in red and blue gradients.
  • Thursday, 22 January, 2026
    Unhedged Podcast20 min listen
    Taco FTW

    Why Trump chickened out on Greenland

  • Thursday, 22 January, 2026
    UnhedgedMarkets
    The case for higher inflation in 2026

    The usual indicators may be deceiving us

    Premium content
    A row of black dominoes falling into a row of white dominoes on a split pink and blue background.
  • Wednesday, 21 January, 2026
    Style
    Let me tell you about my favourite menswear store

    Independently owned, with knowledgeable staff and thoughtfully chosen clothes at fair prices: welcome to Harry’s in Brooklyn

  • Tuesday, 20 January, 2026
    UnhedgedMarkets
    Greenland: Taco or Fafo?

    Plus mid caps play catch-up

    Premium content
    Snow-covered houses and buildings with lights on line the street in Nuuk, Greenland, as two people walk by in the evening.
  • Saturday, 17 January, 2026
    UnhedgedEquities
    The last shall be first

    A regime change in US stocks

    An illustration showing red and blue financial line graphs superimposed over New York City skyscrapers.
  • Thursday, 15 January, 2026
    Unhedged Podcast22 min listen
    Stock picking champs 2025

    What bets paid off last year?

  • Thursday, 15 January, 2026
    UnhedgedGlobal Economy
    Whose fault is fiscal dominance?

    Monetisation and its discontents

    Premium content
    Close-up of multiple US $100 bills, showing Benjamin Franklin’s face partially obscured by overlapping bills and coloured lighting.
  • Wednesday, 14 January, 2026
    UnhedgedMarkets
    Progress on (half of) inflation

    Plus fiscal dominance and the Fed

    Premium content
    Sheets of US $100 bills arranged in rows, with a blue and red gradient overlay.
  • Tuesday, 13 January, 2026
    Unhedged Podcast25 min listen
    Showdown at the Federal Reserve

    How will the feud between Jay Powell and Donald Trump end?

  • Tuesday, 13 January, 2026
    UnhedgedMarkets
    Do markets care about Fed independence?

    They will eventually

    Premium content
    Jerome Powell points forward while holding a binder with the Federal Reserve seal, against a blue and red gradient background.
  • Tuesday, 13 January, 2026
    FT News Briefing podcast13 min listen
    Markets shrug off investigation into Powell

    UBS chief executive Sergio Ermotti is planning to step down in April 2027, and Param…

  • Monday, 12 January, 2026
    UnhedgedMarkets
    Criminalising the Fed

    Plus the employment/growth puzzle

    Premium content
  • Saturday, 10 January, 2026
    UnhedgedOil
    Trump whipsaws markets

    A week of bold actions and wild rhetoric

    An illustration showing red and blue financial line graphs superimposed over New York City skyscrapers.
  • Friday, 9 January, 2026
    UnhedgedMarkets
    Where are the hated stocks?

    Contrarians have their work cut out

    Premium content
    A trader gestures while sitting at a desk surrounded by multiple monitors displaying financial charts and data.
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