Trump suggests warring sides are closer to ending a war that has sent shockwaves through markets and economies

Markets are reacting positively to the US blockade of the Strait of Hormuz

If he is finally confirmed, Trump’s nominee for chair must undertake a re-evaluation of the central bank’s structure and purpose

Also in today’s newsletter: Wealthy New Yorkers up in arms over second-home tax and the rising costs of school absenteeism

Being a net exporter means that energy shocks no longer constrain US foreign policy in the ways they once did

The Economics Show 🤜🤛 FT Alphaville