Dollar hits 2-year high after robust US data pares back bets on rate cuts

Pound falls 0.5% to new 14-month low and Asian equities decline

Topics

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.
The New York Times - 2d
Whitehall braced for spending cuts after UK hit by bond market turmoil

Rising gilt yields mean government departments may face further squeeze
Financial Times - 3d
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation

Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.
MarketWatch - 4d
'Music is back' as vinyl and streaming help sales hit a 20-year high

Albums by Billie Eilish, Taylor Swift and Coldplay pushed sales of recorded music to a record £2.4bn.
BBC News - 4d
FirstFT: US corporate bankruptcies hit 14-year high

Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps down
Financial Times - 5d
US corporate bankruptcies hit 14-year high as interest rates take toll

Consumer companies such as Party City hit by persistent inflation and weak spending
Financial Times - 6d
Fed has hit the pause button for rates, and may only cut once this year, experts say

The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...
MarketWatch - 6d
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts

Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.
CNBC - Jan. 3
U.S. dollar index hits more than two-year high as markets brace for Trump return

Optimism around the U.S. economy was in focus as markets reopened following disrupted trade over Christmas and the New Year's holiday.
CNBC - Jan. 2

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Dollar hits 2-year high after robust US data pares back bets on rate cuts

Topics

Related

The Fed Is in No Rush to Cut Rates

Whitehall braced for spending cuts after UK hit by bond market turmoil

Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation

'Music is back' as vinyl and streaming help sales hit a 20-year high

FirstFT: US corporate bankruptcies hit 14-year high

US corporate bankruptcies hit 14-year high as interest rates take toll

Fed has hit the pause button for rates, and may only cut once this year, experts say

Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts

U.S. dollar index hits more than two-year high as markets brace for Trump return

More from Financial Times

The US labour market is not cooling

Vienna tries to allay Brussels’ fears over looming far-right government

FirstFT: Deflation hits Chinese corporate profits

Companies move to strengthen supply chains on Trump trade war fears

Estimated cost of Thames Water renationalisation questioned

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Speeches by politicians banned at 80th anniversary of Auschwitz’s liberation

A Quiet Evening by Norman Lewis review – they don’t make travel writers like this any more

As Trump enters the fray, the danger is that a nationalist Europe will fragment, not stick together | Nathalie Tocci

Robert F Kennedy Jr claims seed oils are ‘poisoning’ us. Here’s why he’s wrong