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Week in Review: Beijing summit, price shocks and UK political jitters
Description
U.S. President Donald Trump and Chinese President Xi Jinping met in Beijing, but markets had little to take away, with no breakthrough on the Strait of Hormuz. Meanwhile, U.S. inflation hit its highest levels since 2022 and 2023, complicating the path for incoming Fed Chair Kevin Warsh, and UK gilts came under pressure as a leadership challenge to Prime Minister Keir Starmer rattled sterling.
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Produced by Eliza Davis Beard, Ethan Plotkin, and Abisoye Adelusi
Sound engineering and music by Sebastian and Josh Sommer
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