What Does Russia Come Back With and How Much Does That Hurt the European Economy?

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This week was a turning point for the federal reserve fed. Cher j powell signalled they would start raising interest rates in march. But despite clear signals from the fed, we saw a ton of market o ity. The f t. Colby smith says the vagueness of the fed's hawkishness might have caught investors off guard.

Apple posted record revenue of $123.9bn in the holiday quarter, and investors had a tough time gauging the Federal Reserve’s hawkish tone, the UK’s new information watchdog says he wants the country to take the lead on holding Big Tech to account in a post-Brexit Britain free of cumbersome European data rules.

Plus, the FT’s European diplomatic correspondent, Henry Foy, reports that western countries are threatening Russia with new sanctions if it invades Ukraine.

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Mentioned in this podcast:

Apple’s holiday quarter revenue hits record despite supply chain worries

EU and UK plan sanctions on new Russian gas projects if Ukraine attacked

‘No more Mr Nice Guy’: Fed chair signals tougher stance on inflation

UK seeks leadership role in global privacy, says new watchdog head

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by David, da Silva, Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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