Initial questioning by US Supreme Court justices in a landmark trade policy case suggests that a majority believe the Trump administration unlawfully invoked emergency powers to impose broad tariffs on importers.

Donald Trump’s attempts to lean on Federal Reserve policymakers to cut US interest rates are a reminder that central bank independence is not set in stone, and that monetary policy everywhere is potentially at risk of political interference.

This week, US President Donald Trump met his South Korean counterpart at the White House in a summit intended to reset the two countries’ economic relations.

When Jerome Powell stands up on Friday to speak for the last time at the Jackson Hole symposium as Federal Reserve chair, he will have one eye on his legacy as principal defender of the Fed’s independence in troubled times. 🧵📼

There is a difference between the typical story told about China in the West and the reality on the ground, says Tom Miller, who just came back from a month-long visit. 📼

In this week’s interview, US economist Tan Kai Xian examines what this might portend for interest rates and the performance of US equities through the rest of 2025 and into next year: research.gavekal.com/teaser/video...

The housing market has been a key driver of the US economy, yet it remains mired in gloom. With homes remaining unaffordable on most historical measures, end user demand is weak. This is leading to softening construction activity, as shown by permits for new starts still falling.

In Wednesday’s interview, Tom Miller examined whether the Brics bloc can formulate a coherent pushback to Trump’s tariffs and assessed the group’s progress towards dedollarization.

European members of Nato have agreed to raise their defense spending to 5% of GDP. The question is whether to take this pledge seriously, or see it as a mere ruse to assuage US President Donald Trump. 🧵📼