Fed hints at less aggressive rate increase
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 1 December 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
Federal Reserve chair Jay Powell signalled the central bank will start to slow the pace of interest rate increases, French president Emanuel Emmanuel Macron is meeting with US president Joe Biden today, and Eurozone inflation finally slowed down. Plus, we get the latest on the fallout from the FTX crypto collapse.
Mentioned in this podcast:
Jay Powell signals Fed will slow pace of rate rises next month
Emmanuel Macron to use US visit to highlight Ukraine war’s economic toll on EU
Eurozone inflation falls more than expected to 10%
Crypto lender BlockFi files for Chapter 11 bankruptcy
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
Hosted on Acast. See acast.com/privacy for more information.
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 |
| 0:09.9 | Good morning for the financial times. |
| 0:11.5 | Today is Thursday, December 1. |
| 0:13.5 | And this is your FT News Briefing. |
| 0:18.7 | The Federal Reserve chair hinted at an easing up on interest rate rises. |
| 0:22.9 | French President Emmanuel Macron is talking energy with Joe Biden |
| 0:26.9 | and another cryptocurrency company bit the dust this week. |
| 0:30.6 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:41.9 | Federal Reserve chair Jay Powell gave a hawkish speech at a Washington think tank yesterday |
| 0:47.4 | and he said the US Central Bank has a long way to go in its fight against inflation. |
| 0:52.8 | But he also said this. |
| 0:55.2 | The time for moderating the pace of rate increases may come as soon as the December meeting. |
| 1:00.0 | Translation. |
| 1:01.1 | The Fed may not raise rates as aggressively. |
| 1:04.0 | The last four meetings have resulted in rate increases of three quarters of a percentage point. |
| 1:09.6 | Yesterday's remarks from the Fed chair suggest the next rate increase |
| 1:13.7 | may just be half a percentage point. |
| 1:16.8 | Stock markets rallied after Powell's speech with the S&P 500 ending up more than 3% higher. |
| 1:25.2 | The latest inflation data for the Eurozone was a bit brighter. |
| 1:31.1 | It showed that the breakneck pace of price increases finally slowed for the first time |
| 1:36.4 | in nearly a year and a half. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.