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FT News Briefing

Dispatch from northwest Syria

FT News Briefing

Forhecz Topher

Daily News, News & Politics, News

4.41.3K Ratings

🗓️ 15 February 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

US inflation declined in January though less than expected, Turkey’s president faces a backlash for an amnesty programme that forgave faults in millions of buildings, and humanitarian aid is finally reaching shell-shocked Syrians after last week’s earthquake. 


Mentioned in this podcast:

Syrians left to fend for themselves as earthquake relief fails to materialise

Erdoğan under fire as shoddy Turkish building standards exposed by earthquake

US inflation cools slightly in January

Download the FT Edit app here: ft.com/ftedit


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 


Read a transcript of this episode on FT.com


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Transcript

Click on a timestamp to play from that location

0:00.0

The FT News Briefing is supported by Equinole, the UK's energy partner.

0:06.3

Learn more at equinole.co.uk

0:10.3

Good morning from the Financial Times. Today is Wednesday, February 15th.

0:14.3

And this is your FT News Briefing.

0:18.8

Humanitarian aid is finally trickling into Syria after last week's earthquake,

0:23.6

our correspondent visited the region and found utter devastation.

0:27.5

I've never seen a place that I hope has been completely abandoned in such a dramatic way.

0:33.2

And in Turkey, the earthquake disaster has turned a spotlight on decades of

0:37.6

lax and building regulation. But first, the latest US inflation numbers.

0:42.9

I'm Mark Philippineau and here's the news you need to start your day.

0:46.0

U.S. inflation continued to cool. The latest data out yesterday showed that consumer prices

0:59.2

grew 6.4% in January, year on year. That's a bit slower than the previous month,

1:06.0

but not what the Federal Reserve and many others would have liked to see.

1:10.4

Inflation is quite sticky. It's not falling quite as rapidly as I think the Fed would want,

1:17.1

or even the White House would want. That's the FT's James Politi. He says, as for those

1:23.6

interest rate cuts, that some starry-eyed investors had been talking about.

1:29.3

Right, I think that that seems far-fetched at the moment based on what we've seen from

1:33.6

the Inflation report, but also what we saw from the Jobs report earlier this month,

1:38.3

which showed big gains in employment over the course of January, which showed a strong labor

1:43.7

market. It shows that the U.S. is likely to avoid a recession, at least in the near-term,

1:50.5

isn't really even close to a recession. But on the other hand, sort of the whole point of

1:55.0

policy at the moment was to try to cool the economy, get inflation down, and that process

...

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