Week of 2 March 2026
Weekly Markets 02 03 2026
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Markets are rattled this week after US and Israeli strikes on Iran, and the Federal Reserve finds itself caught between Trump's pressure to cut rates and sticky inflation that won't budge. We dig into incoming Fed chair Kevin Warsh's controversial belief that AI will deliver a low-inflation productivity boom — and why his colleagues aren't convinced. The attack on QatarEnergy has wiped out 20% of global LNG supply overnight, sending UK gas prices up 41% and raising uncomfortable parallels with 2022. We also take stock of a strong year for UK banks — Lloyds, Barclays, and NatWest have collectively returned £12 billion to shareholders — and ask what comes next.
