US inflation cools
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 13 July 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
US inflation fell sharply to 3 per cent in June, the $1.35tn US junk bond market has shrunk by almost $200bn since its all-time peak in late 2021, and tensions started to boil over during Nato’s two-day summit.
Mentioned in this podcast:
US inflation slows to 3% as interest rate rises bite
US junk bond market shrinks as rising rates put off borrowers
‘We’re not Amazon’: tensions with Ukraine surface at Nato summit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, 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
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| 0:00.0 | The latest episode of the next five podcasts is all about financing net zero. |
| 0:04.6 | I speak to Tim Gould, Chief Energy Economist at the IEA. |
| 0:07.6 | We're up to $1.7 trillion going into clean energy transition investments this year. |
| 0:13.1 | Nick Standsbury, Head of Climate Solutions at LGIM. |
| 0:15.6 | We need to put a proper price on all greenhouse gas emissions. |
| 0:19.6 | And Eric Werners, SVP and Chief Economist at Equino. |
| 0:23.0 | We have to do these things together. |
| 0:24.7 | Industry cannot do this alone. |
| 0:26.9 | Listen to the full episode wherever you get your podcasts. |
| 0:29.3 | Enjoy. |
| 0:33.8 | Good morning from the Financial Times. |
| 0:35.4 | Today is Thursday, July 13th. |
| 0:37.6 | This is your FT News Briefing. |
| 0:40.6 | Inflation has hit its lowest level in more than two years. |
| 0:45.1 | And people are moving away from junk bonds. |
| 0:48.6 | Plus, NATO wrapped up its summit yesterday and things got a little snippy. |
| 0:54.5 | This is not to say that Western support for Ukraine is flagging. |
| 0:58.4 | That would be the wrong idea. |
| 1:00.1 | But everyone is getting tired. |
| 1:03.1 | I'm Mark Filipino and here's the news you need to start your day. |
| 1:18.8 | The latest U.S. inflation numbers came out yesterday. |
| 1:21.6 | The consumer price index fell to 3% in June, |
... |
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