Viktor Orbán: the EU’s chief disrupter
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 1 February 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
The US Federal Reserve held interest rates at a 23-year high, the EU’s battle with Hungarian prime minister Viktor Orbán could come to a head on Thursday, and Boeing withheld its usual financial guidance for the coming year while vowing to focus on the safety of its operations.
Mentioned in this podcast:
Federal Reserve holds interest rates steady as market focuses on timing of 2024 cuts
Viktor Orbán: what is the end game for Europe’s chief disrupter?
Boeing postpones annual guidance amid 737 Max crisis
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by 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
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | Good morning from the Financial Times. Today is Thursday, February 1st, and this is your |
| 0:17.4 | FT news briefing. The Federal Reserve is once again keeping interest rates on hold and Boeing's January |
| 0:24.9 | ended the same way it started with some not so good news. Plus the bad blood |
| 0:30.7 | between the European Union and Victor Orbon is nothing new, but now things are getting |
| 0:36.0 | serious. |
| 0:37.0 | I think he sees himself at the vanguard of a movement for a very different kind of EU. |
| 0:44.0 | I'm Mark Filipino and here's the news you need to start your day. U.S. interest rates seem to be on cruise control right now. |
| 1:05.0 | Yesterday, the Federal Reserve decided to keep its benchmark rate right where it was at |
| 1:10.0 | between 5 and 5.5 percent, 1.5% and Fed Chair Jay Powell had some bad news for |
| 1:16.0 | investors chomping at the bit for rate cuts, they're probably not coming at |
| 1:20.0 | the next meeting. I don't think it's likely that the committee will reach a level of confidence |
| 1:25.0 | by the time of the March meeting |
| 1:26.8 | to identify March as the time to do that. |
| 1:29.8 | Powell reminded everyone that the Fed's inflation target hasn't changed, it's still at 2%. |
| 1:35.6 | The last reading had inflation clocking in at 3.4%, so the Fed still has some work to do. |
| 1:41.8 | We just need to see more evidence that sort of confirms |
| 1:45.1 | what we think we're seeing and that tells us that we are on a path to a |
| 1:48.5 | sustainable path down to 2% inflation. Markets weren't super happy with the news. |
| 1:54.2 | Treasury's rallied and the S&P 500 fell 1.6%. The European Union is locked in a battle with Hungary's Prime Minister of |
| 2:08.3 | Victor Orbon. For a month now he's refused the back plan that would send aid to Ukraine, and in response, |
... |
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.