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Governor is keen to set his own course on interest rate cuts but may find it uncomfortable to move faster than the Fed
Also in this newsletter: UK inflation dips, AI demand hits electricity supplies, the rise of ‘Quit-Tok’
Communication matters precisely because the structural problem between the pair is probably insoluble
Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
Rate of price increases falls below US for first time since 2022
Comments from Federal Reserve chair came after global markets rocked by shifting interest rate expectations
Also in today’s newsletter, Trump’s shrunken campaign base and Ukraine’s lessons for Israel
Trading partners fear factory boom could trigger supply shock after first-quarter data affirms Xi’s industrial strategy
US also to probe Chinese shipbuilding as president’s re-election campaign fights for votes in Pennsylvania
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
And bank earnings
Despite rising prices around the globe, investments made by the world’s richest have grown faster — boosting their wealth
Government-commissioned analysis outlines threats such as a lack of crucial parts and shortage of key skills
Strength of US economy prompts investors to scale back expectations for rate cuts
Chancellor also highlights prospect of interest rate reductions as Tories try to close gap on Labour in polls
How long can the economy last without a recession?
Rich nations need to top up financing for multilateral institutions and initiatives
Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed rate cuts
Short-term performance has been surprisingly good but policymakers are walking on eggshells
Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus goals
GDP expected to increase by just 0.5% this year, the second-slowest rate in G7 after Germany
Heightened regional tensions add to fears of persistent inflation, says fund’s top financial stability official
High interest rates leave less financial flexibility to deal with unexpected events
Inconsequential reforms suggested for the Bank of England, misjudged US inflation and markets, and extrapolating too much
Also in today’s newsletter, China’s GDP jumps and western allies urge Israeli restraint
International Edition