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Sidestepping
Kevin Warsh was not ready to disagree with Donald Trump in front of the Senate banking committee
The limits on Bessent’s Treasury swap lines
The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints
Trump tracker: the latest data on US tariffs, trade and economy
Follow the latest impact of tariffs amid the president’s ongoing trade war
The golden age of arbitrage has begun
The law of one price is in retreat — with major consequences for profits, inflation and innovation
Underlying inflation remains on track for Bank of Japan rate normalisation
But the central bank will pause in June amid Iran uncertainty
British retail sales rose 0.7% in March as motorists stocked up on petrol
Better than expected figure underlines impact of Middle East conflict
