International - Financial Times - Credit Squeeze

From politics, economics and history to art, food and, of course, fiction — FT writers and critics choose their favourite reads of the year so far

Amid global turmoil, markets are focused on the hit to economic fundamentals

Governor Chris Waller says US has yet to see an inflation ‘shock’ from Donald Trump’s tariffs

Groceries Code Adjudicator is probing whether company’s food retail business has been failing to pay suppliers on time

TS Lombard’s chief economist talks contrarianism, gold, central bankers and Covid

Also in today’s newsletter, the SEC’s regulatory about-face, and bitcoin’s corporate hoarders

Investors are so stunned they can’t process the warning signs of a looming tail risk

EU leaders to discuss measures aimed at making single currency more attractive on global markets

Rise comes despite cut in base rates by Bank of England

President Xi is likely to double down on energy independence drive as Strait of Hormuz risks rise

Sentiment buoyed by more upbeat view of country’s growth prospects, especially among the young

Ottawa takes anti-dumping measures on non-US shipments as it looks to protect jobs

Donald Trump’s trade shock is a wake-up call for faster reform

Surge in value of Swiss franc amid US-driven trade war and lagging inflation has complicated policymaking

Inflationary pressures are beginning to wane. See how actions taken by your central bank affect you

Decision follows data showing UK inflation remains stubbornly above target

Maxim Reshetnikov says persistent inflation and central bank’s hawkish policy contribute to slowdown

Also in today’s newsletter, Fed cuts US growth outlook and Microsoft threatens to end OpenAI partnership

It’s high time for the EU to overcome its childish resistance to permanent joint borrowing

Brussels pushes for agreement that could leave some tariffs in place