International - Financial Times - Credit Squeeze

There are at least three reasons why the greenback might not follow the script currently signalled by markets

Problems in Asia’s fourth-largest economy predate the current crisis

Credit card data points to ‘robust’ growth at start of 2025 after shoppers spent $1tn during holiday season

Michael Ignatieff on what the US president-elect’s threats mean for the Americas and beyond

History teaches us that lasting growth depends on new ideas, innovation and technological progress

Easing underlying US inflation pressures and strong bank earnings ‘emboldened the bulls’ on Wall Street

Unlike physical assets, those we cannot see have never been tested by rising prices

Update to existing agreement comes after US president-elect threatened both sides with tariffs

Who will set US trade policy?

Taking drive for deregulation too far could push the US on to a ‘dangerous boom-bust path’, fund cautions

There is a notable — and rising — risk of financial turmoil if the new White House does anything to spook investors

The US economy outperformed its global peers but left citizens feeling worse off, leading many to turn to Donald Trump

Also in today’s newsletter, manufacturing surge boosts China’s economy and Mark Carney launches bid to become Canada’s PM

Analysts and officials warn of threat from tariffs and weak consumer demand

Inflation remains stubbornly high. Why?

Concern over US tariffs heaps pressure on industry struggling with electrification and competition from China

November expansion is first since August as pressure on chancellor Rachel Reeves to rebuild confidence grows

Their currency, our problem

Big tax cuts and tariff hikes will prevent any new Plaza Accord to manage currencies

Bidenomics’ lasting legacy may depend on Republican success