Fed holds rates steady; Northern Ireland’s new deal, and more
The World in Brief from The Economist
The Economist
4.1 • 1.2K Ratings
🗓️ 1 February 2024
⏱️ 5 minutes
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| 0:00.0 | The Economist. |
| 0:04.3 | Hello, you're listening to the free edition of the world in brief from The |
| 0:09.9 | Economist. As a reminder, if you subscribe to the economist, you'll get access to a deeper look at the day ahead, updated three times a day. |
| 0:20.0 | If you're already an economist subscriber, visit Economist.com slash Espresso, |
| 0:25.5 | or visit our Espresso app to start listening. |
| 0:28.6 | Here's today's free edition. This is the world in brief from The Economist. |
| 0:37.0 | Our top stories. The Federal Reserve left its benchmark interest rate unchanged |
| 0:50.6 | as widely expected at a range of 5.25 and 5.5 percent, the highest in 22 years. |
| 0:59.0 | Jerome Powell, the Fed Chair, signaled that rate cuts are coming this year, |
| 1:04.6 | but probably not as soon as March, |
| 1:07.0 | when the Central Bank next meets. |
| 1:09.2 | He acknowledged America's strong economic data, but emphasized that, quote, |
| 1:15.0 | we're not declaring victory against inflation. |
| 1:19.0 | The British government published the details of a deal which could lead to the resumption of a devolved |
| 1:26.4 | government in Northern Ireland, which has been without one for two years. |
| 1:31.5 | The Democratic Unionist Party walked out in protest at the creation of a trade |
| 1:37.5 | border with the rest of Britain. Under the New Deal there would be no routine checks on goods entering Northern Ireland from the mainland. |
| 1:48.0 | Germany's annual inflation rate was 3.1% in January, down from 3.8% in December. The slowdown was driven by a decline in energy prices. |
| 2:00.3 | The inflation rate in France also slowed to 3.4% in January, down from 4.1% in December. |
| 2:08.9 | The figures will increase pressure on the European Central Bank to cut rates soon. |
| 2:16.0 | An anti-corruption court in Pakistan convicted Imran Khan of selling gifts he received when he was Prime Minister. I'm |
| 2:24.3 | Khan of selling gifts he received when he was Prime Minister from 2018 to 2022 and sentenced him to |
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