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Good morning from the Financial Times. Today is Thursday, December 14th, and this is your

FT news briefing. The Federal Reserve is keeping interest rates steady. COP28 pulled out a last minute deal on fossil fuels,

and it looks like Germany is going to steer clear of a financial shutdown.

Plus can Israel keep its approach to attacking Hamas without losing the support of the West?

In Israel, the mood, the desire to keep on fighting is very strong indeed, and they feel wildly misunderstood by the rest of the world

I'm Mark Filipino and here's the news you need to start your day The Federal Reserve is keeping interest rates at a 22-year high, but it did indicate that there's some light at the end of the tunnel.

Fed Chair Jay Powell suggested at yesterday's press conference that rates were probably at or near their

peak for this tightening cycle.

We also got projections from Fed officials about rate cuts.

They showed that interest rates could come down as much as 75

basis points next year. Investors were very, very excited by all this news and the

S&P 500 jumped by 1.4 percent. We'll get even more

monetary policy news soon, both the European Central Bank and the Bank of

England meet today.

Countries at the UN Cop 28 Climate Summit reached a deal on Wednesday to transition away from fossil fuels. Some attendees have been trying for years to pass an agreement like this, but it didn't come

easy.

Here to talk about the mad scramble for a compromise is the F.T.

Attracta Moone. She's in the United Arab Emirates covering the summit.

Hi Attracta.

Hello. they released a draft text, the kind of the latest

...