Federal Reserve cuts US growth forecast as Trump’s policies weigh on outlook

Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The Federal Reserve has slashed its US growth forecast and lifted its inflation outlook, underscoring concerns that Donald Trump’s tariffs will knock the world’s biggest economy. The Fed’s latest set of projections showed officials now … Read more

Turkish assets take a confidence hit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Trust is slowly won but quickly lost. It has taken several years for Turkey to regain the confidence of international investors after president Recep Tayyip Erdoğan’s unorthodox economic policies stoked massive inflation. News on Wednesday … Read more

Indonesia shores up rupiah as economic fears mount

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indonesia’s central bank has intervened “boldly” in the foreign exchange market as the rupiah hovers around five-year lows amid concerns over a sluggish economy and President Prabowo Subianto’s expensive policies. The attempt to boost investor … Read more

‘ABCD’ agricultural traders struggle to escape boom-bust cycle

Less than three years ago, the world’s biggest agribusinesses were riding their latest high as they cashed in on market chaos after Russia’s assault on Ukraine upended the global food supply chain and sent grain and oilseed prices soaring. Now the “ABCD” giants — Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus — have fallen … Read more