Confronting the limits of monetary policy
The ability of interest rates to guide prices and the economy is diminishing
International - Financial Times - Credit Squeeze
Impact of Trump tariffs is beginning to show in US consumer prices
Trade levies are starting to drive up costs for goods from cans of soup to car parts
Labour markets stuck in a ‘low-hire, low-fire’ cycle
Employers and employees grow cautious as AI and trade war threaten disruption
Burundi endures ‘worst economic crisis in a country not at war’
Central African nation struggles to emerge from poverty and conflict as president promises reform
WTO clings to signs Trump still needs it — sometimes
US takes ‘à la carte’ approach to global trade body, suggesting it has not completely turned its back on rules-based order
Don’t let Budget rumours deter the next generation of investors
Fears over changes to tax rules on pensions and Isas mean Britons are hoarding yet more cash
1929 by Andrew Ross Sorkin — the hubris behind the Wall St crash
The ‘Too Big to Fail’ author returns with an eye-opening account of the banking titans and practices that led to financial disaster
Trump’s attacks cast a chill on what Wall Street says
Economists and investors say there are scattered signs of self-censorship
FirstFT: A weak dollar is dividing companies’ earnings
Also in today’s newsletter, sounding the alarm on the private debt boom, and a new Archbishop of Canterbury appointed
Christine Lagarde calls for tougher rules on ‘darker corners’ of finance
ECB president wants regulation beefed up for non-banks such as hedge funds, private equity and insurers
Investors could face a bonfire night surprise on Trump tariffs
The legal tussle over the president’s trade policy is a result of the way he wields power
US government shutdown leaves traders ‘flying blind’ on jobs data
Investors scrutinise alternative sources to gauge health of the world’s largest economy
Italy’s deficit will fall to 3% this year, predicts government
Giorgia Meloni’s administration would hit EU target a year earlier than anticipated due to bumper tax revenues
America risks a dangerous dependence on Chinese chips
While the US focuses on the cutting edge, China is stealing a march in ‘foundational’ semiconductors
BoE swaps business data after publication, casting doubt on figures
Statistics for September reveal continuing impact of payroll tax rises on hiring and employment
Walmart steps up automation with labour-saving sensors
Retailer expands use of devices to monitor 90mn pallet deliveries a year from warehouses to its 4,600 US outlets
FirstFT: Washington battle lines
Also in today’s newsletter, China’s curbs on Nokia and Ericsson, and Moscow’s advance against Ukraine’s Patriot missiles
Tesco chief warns Reeves ‘enough’s enough’ on business taxes
Ken Murphy calls for ‘pro-growth and pro-jobs’ Budget as retailer raises annual profit forecast off the back of price cuts
How I learnt to stop worrying about China’s surplus
Lessons from economic history point to the benign effects of ‘overcapacity’
UK retailers set to escape top business rate tax band
Policy change expected in Budget after sector said higher charges would push up food inflation for consumers
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