Plus, British chancellor Rachel Reeves likely to play it safe in her Spring Statement
Conflict has exposed how much growth depends on energy supplies through the Strait of Hormuz
Market Questions is the FT’s guide to the week ahead
Increased buying of mortgage securities by Freddie Mac and Fannie Mae marks a return to a risky business model
Plus the fall in Treasury yields
Tariff wars may de-escalate but companies in the US and elsewhere are still expected to serve their country first
Decline in benchmark rate helps bolster Donald Trump’s claim housing affordability is improving under his administration
Also in today’s newsletter, the US president offers first glimpses of how Washington would justify an attack on Iran
The administration handing out refunds to Chinese companies will be a terrible look
The Federal Reserve is flipping its mortgage bonds into shorter-term government bills, which the Treasury plans to issue more of
Claims for refunds soar after judges rule against Trump administration
Profits are set to recover this year, but a focus on large, high-margin vehicles could create a gap for Chinese rivals to exploit
Trump administration’s government job cuts threaten critical economic functions, fund warns
Manufacturing also hit by longstanding import taxes on critical components such as aluminium
The decisions of the US central bank can have a mixed impact on the domestic UK economy
Deal to collaborate on atomic energy, AI and quantum computing was paused as part of wider trade wrangling
Plus AMD and Meta
President warns Islamic republic is rebuilding nuclear weapons programme amid huge US military build-up
Investor backlash against US markets appears to be real
Trump’s new 10% global duty has to apply ‘consistently’ to all countries, say legal experts
President uses address to scold Democrats and laud his administration’s military achievements
Doomer dunking
Theory and data allow us to spin different narratives
Antonoaldo Neves likens situation to snowstorms disrupting traffic for several days
Fear > insight
