Double-edged sword of deregulation
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 12 July 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
US inflation fell to 3 per cent, and China’s Communist party leaders will meet next week to discuss the country’s economy. Plus, the FT’s Brooke Masters talks about the risks that come with deregulation.
Mentioned in this podcast:
US inflation falls to 3% in June
China plays down hopes for ‘strong medicine’ at top economic policy meeting
US businesses may soon find that deregulation comes with risks
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | The UK's energy partner. The F.Couinore. Good morning from the Financial Times. Today is Friday, July 12th, and this is your |
| 0:17.4 | FT news briefing. It's hot out there, but U.S. inflation is cooling off, and Chinese Communist Party leaders are putting |
| 0:25.9 | their heads together to fix the economy. Plus, two recent US Supreme Court decisions were a big |
| 0:31.6 | win for deregulation, but could they backfire for companies? |
| 0:35.9 | I'm Mark Filipino, and here's the news you need to start your day. Good news for the US economy, price increases finally seem to be slowing down and consistently this time. |
| 0:58.0 | We found out yesterday that inflation fell to 3% in June, more than a lot of people were expecting. |
| 1:05.4 | The FTS U.S. economics editor Colby Smith breaks it down for us. |
| 1:09.2 | Essentially what we're seeing is across items like energy, even some housing-related expenses, we're just seeing |
| 1:16.0 | it important easing up that officials and economists were really looking out for as they try to determine how much closer inflation is to getting back to the Fed's 2% |
| 1:26.5 | target. |
| 1:27.7 | A lot of investors are now looking ahead and hoping that yesterday's data could move the needle for how quickly officials at the Federal |
| 1:34.8 | Reserve will cut interest rates. |
| 1:37.7 | So I think the word I would use would be encouraging in terms of what this means for the |
| 1:41.6 | Fed. I think it's just going to give them the push, |
| 1:44.2 | potentially that they need to start laying the groundwork for a reduction in |
| 1:48.4 | borrowing costs and expectations right now are for that move to begin in September. The question is just how much they |
| 1:54.7 | kind of lean into it in their upcoming meeting at the end of the month. |
| 1:57.2 | That's Colby Smith. She covers the U.S. economy for the F.T. |
| 2:08.4 | China's Communist Party leaders |
| 2:10.1 | will get together on Monday for what's called the plenum. It's an important |
... |
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