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Markets News

Central banks, inflation, rates and the macro forces driving global markets.

Central banks, inflation, rates and the macro forces driving global markets.

Latest in Markets News

30 stories
Can America’s bond market keep defying the vigilantes?
Markets

Can America’s bond market keep defying the vigilantes?

Donald Trump’s threats over Greenland are the latest test…
What will Kevin Warsh’s Federal Reserve look like?
Markets

What will Kevin Warsh’s Federal Reserve look like?

Donald Trump’s nominee was an inflation hawk—until he wasn’t…
Has America hit “peak tariff”?
Markets

Has America hit “peak tariff”?

Uncle Sam’s take may go downhill from here…
AI is not the only threat menacing big tech
Markets

AI is not the only threat menacing big tech

Are Meta and Google ads really recession-proof?…
Who wrangled the best trade deal from Donald Trump?
Markets

Who wrangled the best trade deal from Donald Trump?

The agreements look one-sided. Their consequences may not be…
Chinese homebuyers are enraged by shoddy building standards
Markets

Chinese homebuyers are enraged by shoddy building standards

Crooked walls and broken promises are harming China’s property market…
Why China’s central bank won’t save the country from deflation
Markets

Why China’s central bank won’t save the country from deflation

It’s not about the exchange rate any more…
Donald Trump answers a Supreme Court rebuke with new tariff threats
Markets

Donald Trump answers a Supreme Court rebuke with new tariff threats

The immediate economic impact will be more uncertainty…
America’s trade chaos is just beginning
Markets

America’s trade chaos is just beginning

Tariff wrangling will stretch through the rest of Donald Trump’s term, and beyond…
Would America be in recession without the super-rich?
Markets

Would America be in recession without the super-rich?

American anxieties are K-shaped. The economy is more like a slash-mark…
Donald Trump’s options to cool oil prices are sorely limited
Markets

Donald Trump’s options to cool oil prices are sorely limited

He says he has a plan. It would need to be very cunning…
What if Donald Trump decided to ban oil exports?
Markets

What if Donald Trump decided to ban oil exports?

Trying to keep prices low that way could backfire spectacularly…
How high could global inflation go?
Markets

How high could global inflation go?

With luck, the Iran war won’t cause a recession. But the surge in energy prices will push up the cost of living…
China’s new masterplan for its tech economy in 2030 and beyond
Markets

China’s new masterplan for its tech economy in 2030 and beyond

The Communist Party’s technological ambition is breathtaking…
Christine Lagarde’s sober tone on the Gulf war energy shock
Markets

Christine Lagarde’s sober tone on the Gulf war energy shock

Our interview with the ECB’s president…
How Iran is making a mint from Donald Trump’s war
Markets

How Iran is making a mint from Donald Trump’s war

China is helping the Revolutionary Guards profit from Iranian crude…
“Liberation Day” has reshaped trade—but not as Donald Trump hoped
Markets

“Liberation Day” has reshaped trade—but not as Donald Trump hoped

In many ways, global commerce has strengthened…
Inflation or recession? The tug of war in bond markets
Markets

Inflation or recession? The tug of war in bond markets

Governments’ borrowing costs are being pulled in opposite directions…
Bye, bye to the Trump trades
Markets

Bye, bye to the Trump trades

Markets are calling time on many Donald-adjacent bets…
America’s next Fed chair is caught in a vice
Markets

America’s next Fed chair is caught in a vice

Inflation was heating up even before the war in Iran…
Chinamaxxing is starting to catch on, in China
Markets

Chinamaxxing is starting to catch on, in China

It’s a boon for the tourist trade…
Xi Jinping wants a powerful currency. America’s war has helped
Markets

Xi Jinping wants a powerful currency. America’s war has helped

More countries are starting to use China’s payment infrastructure…
Will Kevin Warsh Trumpify the Federal Reserve?
Markets

Will Kevin Warsh Trumpify the Federal Reserve?

The incoming Fed chair says he wants regime change. But a revolution is unlikely…
Donald Trump’s foreign policy gets a muscular finance arm
Markets

Donald Trump’s foreign policy gets a muscular finance arm

The Development Finance Corporation’s loan book may soon rival the World Bank’s…
DeepSeek and Alibaba rescue China’s office landlords
Markets

DeepSeek and Alibaba rescue China’s office landlords

Technology firms are reviving (a few) Chinese commercial-property markets…
How much is Donald Trump costing America’s economy?
Markets

How much is Donald Trump costing America’s economy?

We calculate the drag on growth from fitful presidential policymaking…
Investors fear another surge in inflation
Markets

Investors fear another surge in inflation

So why aren’t more buying inflation-protected bonds?…
Kevin Warsh’s troublesome inflation in-tray
Markets

Kevin Warsh’s troublesome inflation in-tray

The new Fed chair will struggle to appease his colleagues, the market and Donald Trump all at once…
How hot is America’s labour market?
Markets

How hot is America’s labour market?

At the moment, balmy. But it wouldn’t take a lot to require some Fed air-conditioning…
Israel and Iran trade strikes: what does this mean for peace deal? - The Latest
Markets

Israel and Iran trade strikes: what does this mean for peace deal? - The Latest

The Iranian regime has announced the end of attacks against Israel, while the US president has claimed both sides ‘want a ceasefire’. This comes after Iran and …