International - Financial Times - Credit Squeeze

Some rate-setters believe inflation is already at target, while the decision underscores more tightening is ahead

Move comes after Italian prime minister pleads for more time from Brazilian president

Plus, Trump in Venezuela

A stalled economic conveyor belt is behind the rise of anti-system, anti-growth parties on both the right and left

White House hails figures showing cooling price growth but Wall Street says report was ‘a mess’

Concerns that November figures showing fall to 2.7% distorted by missing data after shutdown

What can we learn from new figures about jobs, inflation and leverage?

Decision follows signs of Eurozone resilience to Trump’s tariffs 

Weaker than expected inflation pushes up odds of further Fed easing

Andrew Bailey signals caution on further cuts even as central bank responds to signs of slowing economy

New forecasts show that policymakers expect firmer growth and inflation at target in the medium term

Tight vote disguises a consensus in favour of further monetary easing in 2026

Also in today’s newsletter: Trump’s address to the nation and Lula threatens to sink Mercosur trade deal

Its disjointed response to electric vehicles shows it cannot co-ordinate

Also in this newsletter: Mercosur’s last chance

Carve-out for big American companies was agreed when Ottawa held G7 presidency

Warning comes after Italy and France pushed to delay vote on landmark agreement with South American nations

Pound weakens as figure strengthens case for BoE rate cut this week

Data bolsters expectations Bank of England will cut interest rates on Thursday

Also in today’s newsletter: JPMorgan pulls $350bn from the Fed and the year’s biggest IPO