International - Financial Times - Credit Squeeze

Prospect of higher borrowing costs in Eurozone, Australia and Canada could leave Federal Reserve as an outlier in 2026

A shake-up of the ample reserves framework cannot be ruled out as the Fed’s leadership baton is passed

While short-term market moves may be less dramatic than expected, profound changes are ahead for the central bank

Spending in November was hit by Budget uncertainty

Bailout will help mitigate cost of the president’s trade policies to the sector

The FT’s guide on what to look out for on Wednesday

The US trade war hasn’t hit low- and middle-income countries as much as feared

The Economics Show 🤜🤛 FT Alphaville

Proposal seeks to dictate minimum levels of domestic content for products such as cars to cut China reliance

Also in today’s newsletter: China’s trade surplus hits $1tn and L’Oréal raises stake in aesthetic injectables group

Nominal wage growth was better than expected even if real wages continued to fall

Exports soar despite tensions between Washington and Beijing

Does the administration control the Treasury market?

A lack of electricity for new data centres could deflate the AI ‘bubble’

We need to look at the causes of the country’s dire economic performance

Why Britain needs pragmatism not political dogma; the fallout from the US-China faultline; and how knowledge and speed shape prosperity

Diversification to cushion impact of rising prices is needed

EU countries remain reluctant to recognise qualifications from elsewhere in the bloc, causing one of many barriers to growth

Diverging fortunes of rich and poor turn economy from an asset to a liability for US president

US sets interest rates, Magnum Ice Cream Company starts trading and Australia’s under-16 social media ban begins