International - Financial Times - Credit Squeeze

Megan Greene argues in the FT that investors are wrong to bet on early UK rate cuts as expectations also shift in US and eurozone

Some policymakers backed cut at Thursday’s meeting as bank signals it will consider such a step in June

Kristalina Georgieva calls for measures to boost productivity and lower debt to avoid ‘tepid twenties’ era

Also in today’s newsletter, Biden announces ‘ironclad’ support for Israel and Trump’s hush money trial

Arguments for subsidising green innovation

And Apple’s legal fight

Consumer prices are rising quickly at just the wrong time for the US president

Inflation persistence is a greater threat for the former than the latter — and rates cuts are a way off

Figures underline challenges for the world’s second-largest economy

Investments elsewhere begin to pay off as Chinese market matures

Figures for consumer prices and core inflation exceed expectations

Hedge fund billionaire is considered possible pick for Treasury secretary

Also in this newsletter: IMF warns against business subsidies, blow to EU sanctions regime, supercommuters

Fund says ‘self-defeating’ policies risk jeopardising free trade and squandering taxpayer money

Simon Stiell seeks to push global warming to top of public agenda as big polluters go to the polls this year

The cost of living crisis is weighing on UK household finances but few have so far scrimped on pension contributions

Also in today’s newsletter, OpenAI and Meta ready new AI models, and stories from the Darién Gap migrant route

Monetary transmission and millennial trolling from the IMF

Rating agency voices concern as Beijing transitions from property-led growth model

Plus, readers reply on private credit’s excess returns