The dollar system has always been vulnerable to presidential whim

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor In August 2019, central bankers and academics gathered at Jackson Hole in Wyoming to talk, among other things, about the dollar. The guest of honour was … Read more

Exporters on China’s trade war front line defy US ‘paper tiger’

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Donald Trump’s tariff war has been wreaking havoc in global markets, but among exporters in China’s “trinket town” — the eastern city of Yiwu famous for making everything from Christmas trees to Donald Trump campaign caps — the mood is more of stoic defiance than panic. Amid government invocations of late dictator Mao … Read more

European travellers cancel US visits as Trump’s policies threaten tourism

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] The number of European travellers visiting the US has fallen sharply as political and economic tension and fears of a hostile border under President Donald Trump threaten the world’s most lucrative air routes. Visitors from western Europe who stayed at least one night in the US fell by 17 per cent in March … Read more

Wall Street stocks end turbulent week with late rally

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Wall Street stocks ended another tumultuous week with a brisk late rally as a top Federal Reserve official said the US central bank was prepared to intervene if strains in markets grew, and … Read more

Federal Reserve ‘absolutely’ ready to help stabilise market if needed, top official says

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Federal Reserve “would absolutely be prepared” to deploy its firepower to stabilise financial markets should conditions become disorderly, according to one of the central bank’s top officials. Susan Collins, head of the … Read more

Scott Bessent, the Treasury secretary shaping Trump’s trade war

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] At a cabinet meeting on Thursday, as US equity indices showed new signs of distress at Donald Trump’s trade policies, the president turned to Scott Bessent for an update on the markets. “I don’t . . . see anything unusual today,” the Treasury secretary responded, trying to offer Trump some comfort by citing lower inflation figures, … Read more

Treasury yields soar as bond rout intensifies

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Treasury yields soared to their highest level since February on Friday, as traders complained liquidity was worsening amid a deepening rout in the $29tn US government bond market. The 10-year Treasury … Read more

Trump tariffs could push US inflation to 4% this year, warns top Fed official

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s tariffs will send US inflation soaring to as high as 4 per cent this year, push unemployment higher and hit economic growth amid “pervasive” uncertainty, a top Federal Reserve … Read more

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Donald Trump has added a political risk premium to US assets

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world This week, we witnessed “the greatest economic master strategy from an American President in history”, according to Stephen Miller, adviser to Donald Trump.  The US president’s U-turn from most of his … Read more

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