International - Financial Times - Credit Squeeze

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

FT-Chicago Booth survey cites concern among officials about impact of weak jobs market and high prices on Americans

Market Questions is the FT’s guide to the week ahead

Europe has cards. But will it manage to play them?

The president may pretend it’s a hoax but his policy agenda has added to the squeeze

Changes are intended to close loopholes in law to prevent carbon-intensive imports

Washington’s greater protectionism spurs closer ties between Beijing and the region

Top Republicans want the Washington-based institution to take a tougher stance on China

Essential services cost more because people are better off

Some fund managers see potential fallout affecting the currency’s global status from controversial plan

There is now clarity on what the Fed will do at its December meeting

Washington and Swiss trader Mercuria announce up to $1bn each in funding as Trump seeks to end long-running conflict

Personal consumption expenditure inflation is above target but the release contained little the Fed did not already know

Also in today’s newsletter: Netflix enters exclusive talks to buy Warner Bros Discovery and lawmakers plan to block Nvidia chip sales to China

Fiscal stimulus vs inflation

Crunching 40-plus years of FT articles for a useful measure of geopolitical risk

From defence collaboration to energy, the bloc is struggling to decide how to view its former member

Old assumptions about expectations and targets can no longer be relied upon

Bipartisan bill is part of effort to stop Beijing from getting critical AI-related technology