Former Labour minister is expected to try to avert a trade war with incoming Trump administration
Wall Street stocks steady after heaviest sell-off since August
Policymakers say they will only cut rates slowly in 2025 as they struggle with ‘last mile’ of cooling price growth
Also in today’s newsletter, president-elect raises the odds of a government shutdown
JPow leaves a lump of coal for the degens
Test your knowledge on trends from hybrid schedules to AI hiring
Tariff threats partly to blame for ‘striking’ increase in US central bank’s inflation forecasts, say economists
Policymakers should commit to publishing estimates of the ‘neutral’ level of interest rates
US currency hits strongest level in two years after central bank signals only half a percentage point of reductions in 2025
President-elect’s intervention raises odds of federal closures by weekend
Exports have buoyed economy but are expected to slow sharply if US imposes further levies in 2025
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
This seems bad?
America appears on the cusp of an era of large-scale domestic investment in areas from semiconductors to energy
Especially about interest rates
Advanced economy officials have had a good year, but not quite a vintage one
Some fear that Fed’s quantitative tightening programme could trigger liquidity crunch similar to 2019
Linking subsidies to intellectual property is the sort of strategic inclusion that fosters mutual benefits
US president-elect unlikely to get his wish of a weaker currency, according to analysts and investors
Semiconductor toolmaking is a great business, but the geopolitics are daunting
Given the need for a weak renminbi to support export growth, a reprise of the 1985 Plaza Accord with Japan is unlikely
The US has failed to reconcile open trade and homeland protection
US central bank poised for another cut as it weighs risks posed by stubborn inflation
New legislation raises questions about whether Maga, or Wall Street, will steer the ship in the incoming administration
It’s time to bet against American exceptionalism
