US inflation hits lowest rate in 3 years
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 15 August 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Peace talks aimed at ending the war in Gaza start up again today, US inflation fell to 2.9 per cent in July, and Ukrainian forces are looking to hold on to newly-seized Russian territory. Plus, Germany’s chief prosecutor has issued an arrest warrant for a Ukrainian man suspected of blowing up the Nord Stream gas pipelines.
Mentioned in this podcast:
US inflation falls to 2.9% in July
Ukrainian forces seek to hold Russian positions after capturing hundreds of troops
The competing theories of the Nord Stream explosions
Germany issues arrest warrant for Ukrainian over Nord Stream gas pipeline attacks
US-Israel talks take on fresh urgency as Middle East on edge
Stonehenge rock was shifted 400 miles from Scotland, scientists find`AQ
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 | At Aquinore. UK. Good morning from the Financial Times. Today is Thursday, August 15th, and this is your |
| 0:18.6 | FT news briefing. U.S. inflation is cooling off and peace talks to end the war in Gaza will start again today. |
| 0:27.6 | Plus Ukraine has shocked the world with its push into Russia, but can it hold on? I'm Sonia Hudson and |
| 0:36.0 | here's the news you need to start your day. The U.S. CIA Director The US CIA director and his Israeli counterpart are sitting down in Doha today to negotiate |
| 0:59.6 | a ceasefire in Gaza. |
| 1:01.7 | It's the seventh time they've met since December. But this time |
| 1:05.3 | there's even more urgency because people are anticipating an Iranian attack on |
| 1:10.2 | Israel. It would be in retaliation for back-to-back assassinations of two |
| 1:15.1 | militant leaders from Hamas and Hezbollah. The U.S. thinks that a ceasefire in |
| 1:20.1 | Gaza is the most realistic way to avoid a wider regional conflict. |
| 1:25.0 | The consumer price index for July came out yesterday. |
| 1:35.0 | Overall inflation is now down to 2.9%. |
| 1:40.0 | So get that champagne on ice. |
| 1:42.0 | The latest figure is giving a lot of people hope that the |
| 1:45.3 | Federal Reserve will cut interest rates when it meets next month. Here to walk me through |
| 1:50.2 | the report is the FT's Colby Smith. She covers the Fed. Hey Colby. |
| 1:54.3 | Hi Sonia. So 2.9% that's lower than what a lot of economists were expecting. |
| 2:00.4 | Yeah, it is. It's slightly below the 3% figure that economists had expected, but importantly, |
| 2:07.0 | people say this is kind of a big psychological moment to see that inflation is really kind of breaking in the direction that the Fed |
| 2:14.4 | wanted to see it go and now we have an inflation figure that is the lowest |
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