logo
episode-header-image
May 2024
9m 25s

Higher rates for even longer (and longer...

Financial Times
About this episode

The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut. Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strategy. 


Mentioned in this podcast:

Federal Reserve signals that interest rates will remain higher for longer

Cruise line Viking rises after launching year’s second-largest US IPO

What triggered Noel Quinn’s shock exit from HSBC


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.

Up next
Yesterday
Quantitative easing is under the microscope
Donald Trump has said Israel and Hamas have agreed the first step in his plan for a Gaza ceasefire, and Washington wants its companies exempt from EU climate rules. Plus, Chinese customs agents are going after a wide range of US semiconductor tech, and central bankers around the ... Show More
10m 46s
Oct 8
Carmakers are falling back in love with petrol
A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, and carmakers across much of the world are scaling back on electric vehicle plans. Plus, international investors are returning to China’s start-up scene, in addition to assets across emerging marke ... Show More
11m 25s
Oct 7
OpenAI’s circular deals
EU governments have agreed to limit the travel of Russian diplomats, analysts are worried about a flurry of circular AI deals, and France lost another prime minister after less than a month in office. Plus, why the weaker dollar is helping big US exporters, while domestic-focused ... Show More
10m 53s
Recommended Episodes
Jun 2023
Fed Pauses Rate Hikes, But Signals More to Come
P.M. Edition for June 14. The Federal Reserve paused rate hikes after ten consecutive increases, but as chief economics commentator Greg Ip reports, it signaled it could start raising rates again at its next meeting. Plus, deputy Brussels bureau chief Laurence Norman discusses ho ... Show More
15m 21s
Nov 2022
An interest rate rise... and Rob Delaney
The Bank of England expects the UK to fall into the longest ever recession. Stephanie Flanders, Head of Bloomberg Economics, and Claer Barrett, Consumer Editor at Financial Times, talk it all through. Also, American comedian Rob Delaney speaks movingly about the loss of his young ... Show More
33m 19s
Apr 2023
Fed Sees Higher Likelihood of Recession
P.M. Edition for April 12. The U.S. Federal Reserve sees a higher likelihood of recession later this year, but another interest rate hike could still be on the table in May. Chief economics correspondent Nick Timiraos reports. Plus, inflation has eased to its lowest rate in two y ... Show More
17m 7s
Sep 2022
Mini Maxi Budget
Chancellor Kwasi Kwarteng unveils the biggest package of tax cuts in 50 years, before being questioned by Chris on his thinking. We hear what the chancellor has to say, as well as Chris’s thoughts, and those of the Financial Times’ Clear Barrett and former Bank of England Chief E ... Show More
35m 56s
Mar 2023
Powell Says Data Will Determine Size of Next Rate Increase
P.M. Edition for March 8. Federal Reserve Chair Jerome Powell says that economic data will guide how big the Fed’s next rate hike will be, but the high cost of borrowing is weighing on the spring housing market. Housing reporter Nicole Friedman joins host Annmarie Fertoli to disc ... Show More
16m 51s
Sep 2022
The sterling sinks as the dollar's rally continues
The British pound has fallen to its lowest level against the US dollar since 1985, as a new Prime Minister takes office and investors flock to the safe-haven currency. We hear more from Kenneth Rogoff, former chief economist at the International Monetary Fund. Cineworld has filed ... Show More
27m 49s
Dec 2021
Money printer slow brrr: the Fed turns down the taps
America’s central bank plans to pinch off its massive bond-buying programme much faster in a bid to stall inflation; our correspondent says it is perhaps a late-arriving signal—but a promising one. Loneliness is a growing problem in the rich world but seems particularly acute amo ... Show More
20m 40s
May 2022
It’s definitely not a windfall tax!
We start with that huge bailout package for struggling families announced by the chancellor and the controversial taxes he raised to fund it - a £5bn windfall tax on energy companies with more to come.The FT’s economics correspondent Delphine Strauss and special guest Torsten Bel ... Show More
27m 52s
Jul 2023
Goldman Sachs Departures Threaten CEO’s Vision
P.M. Edition for July 28. A wave of high-level departures from Goldman Sachs’s asset-management division could derail CEO David Solomon’s strategy. Reporter AnnaMaria Andriotis has the details. Plus, wage growth and price pressures are easing. Economics reporter Amara Omeokwe exp ... Show More
18m 6s